TD Bank 2003 Annual Report Download - page 57

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TD BANK FINANCIAL GROUP ANNUAL REPORT 2003 • Financial Results 55
As at October 31
(millions of dollars) 2003 2002
ASSETS
Cash resources
Cash and non-interest-bearing deposits with other banks $ 1,468 $ 1,902
Interest-bearing deposits with other banks 6,251 4,636
7,719 6,538
Securities purchased under resale agreements 17,475 13,060
Securities (Note 2)
Investment 24,775 28,802
Trading 54,890 53,395
79,665 82,197
Loans (Note 3)
Residential mortgages 52,566 52,810
Consumer instalment and other personal 43,185 36,601
Business and government 24,319 36,716
120,070 126,127
Allowance for credit losses (2,012) (3,500)
Loans (net of allowance for credit losses) 118,058 122,627
Other
Customers’ liability under acceptances 6,645 7,719
Trading derivatives’ market revaluation (Note 18) 28,451 25,739
Intangible assets (Note 5) 2,737 3,383
Goodwill (Note 5) 2,263 3,134
Land, buildings and equipment (Note 6) 1,417 1,634
Other assets (Note 7) 9,102 12,009
50,615 53,618
Total assets $273,532 $278,040
LIABILITIES
Deposits (Note 8)
Personal $105,996 $100,942
Banks 11,958 16,800
Business and government 64,926 71,448
182,880 189,190
Other
Acceptances 6,645 7,719
Obligations related to securities sold short 15,346 17,058
Obligations related to securities sold under repurchase agreements 7,845 8,655
Trading derivatives’ market revaluation (Note 18) 28,000 25,954
Other liabilities (Note 9) 12,568 10,830
70,404 70,216
Subordinated notes and debentures (Note 10) 5,887 4,343
Non-controlling interest in subsidiaries (Note 11) 1,250 1,250
Contingent liabilities, commitments and guarantees (Note 19)
SHAREHOLDERS’ EQUITY
Capital stock (Note 12)
Preferred 1,535 1,485
Common (millions of shares issued and outstanding 656.3 in 2003
and 645.4 in 2002) 3,179 2,846
Contributed surplus 9–
Foreign currency translation adjustments (130) 418
Retained earnings 8,518 8,292
13,111 13,041
Total liabilities and shareholders’ equity $273,532 $278,040
John M. Thompson W. Edmund Clark
Chairman of the Board President and
Chief Executive Officer
See Notes to Consolidated Financial Statements
Consolidated Balance Sheet