TD Bank 2001 Annual Report Download - page 19

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17
HOW WE PERFORMED IN 2001
MANAGEMENT’S DISCUSSION AND ANALYSIS OF OPERATING PERFORMANCE
This section of our annual report tells you how TD Bank Financial Group and each of our businesses
performed in 2001.
Management’s discussion and analysis of operating performance (MD&A) gives you management’s
perspective on the economy, our performance this year, and how we manage risk and capital.
We measure and evaluate our performance by looking at our operating cash basis net income, total
revenues and expenses. The sections about performance tell you about our key measures and how our
performance as a whole and in each of our businesses has changed over time.
How we manage risk and capital is critical to our overall performance. Managing risk describes the
infrastructure we have in place to deal with the different risks our businesses face. Managing capital
explains how we provide the capital needed to maintain the confidence of investors and depositors,
and provide our common shareholders with a satisfactory return.
The information in the MD&A can help you put our consolidated financial statements in context.
The consolidated financial statements appear in Financial results, starting on page 41.
MANAGEMENT’S DISCUSSION AND
ANALYSIS OF OPERATING PERFORMANCE
page 18 How we performed
page 21 Our outlook for the economy
page 22 How our businesses performed
page 22 TD Canada Trust
page 22 TD Securities
page 23 TD Waterhouse
page 23 TD Wealth Management
page 24 Managing risk
page 24 Credit risk
page 26 Market risk
page 27 Asset liability management
page 28 Liquidity risk
page 29 Operational risk
page 30 Managing capital
page 32 Supplementary information
FINANCIAL RESULTS
page 41 Consolidated financial statements
page 41 Financial reporting responsibility
page 41 Auditors’ report to the shareholders
page 42 Consolidated balance sheet
page 43 Consolidated statement of income
page 44 Consolidated statement of changes
in shareholders’ equity
page 45 Consolidated statement of cash flows
page 46 Notes to consolidated financial statements
page 75 Principal subsidiaries
page 77 Reported quarterly results
page 78 Ten-year statistical review
This annual report may contain forward-looking statements, including statements regarding the business and anticipated financial performance of
TD. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated
by the forward-looking statements. Some of the factors that could cause such differences include legislative or regulatory developments, competition,
technological change, global capital market activity, interest rates, changes in government and economic policy, inflation and general economic
conditions in geographic areas where TD operates. These and other factors should be considered carefully and undue reliance should not be placed
on TD's forward-looking statements. TD does not undertake to update any forward-looking statement.