TD Bank 2003 Annual Report Download - page 68

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(millions of dollars) 2003 2002
Amounts receivable from brokers, dealers and clients $4,006 $ 6,971
Accrued interest 1,421 1,841
Accounts receivable, prepaid expenses and other items 2,353 2,095
Insurance related assets, excluding investments 860 779
Prepaid pension expense (Note 14) 462 323
$9,102 $12,009
Future amortization expense for the carrying amount of intangible
assets is estimated to be as follows for the next five years:
(millions of dollars)
2004 $ 621
2005 484
2006 379
2007 299
2008 237
$2,020
TD BANK FINANCIAL GROUP ANNUAL REPORT 2003 • Financial Results66
For comparative purposes, the table below is provided to present
fiscal 2001 net income (loss) applicable to common shares and
earnings per common share on a consistent basis with 2002 and
2003 (refer to Note 1 (l)).
For the years ended October 31
(millions of dollars) 2003 2002 2001
Net income (loss)
Reported net income (loss) applicable to common shares $989 $(160) $1,300
Add back: goodwill amortization, net of income taxes –– 189
Net income (loss) applicable to common shares – excluding goodwill amortization $989 $(160) $1,489
Basic earnings (loss) per common share
Reported basic earnings (loss) per common share $1.52 $ (.25) $ 2.07
Add back: goodwill amortization, net of income taxes ––.30
Basic earnings (loss) per common share – excluding goodwill amortization $1.52 $ (.25) $ 2.37
Diluted earnings (loss) per common share
Reported diluted earnings (loss) per common share $1.51 $(.25) $ 2.05
Add back: goodwill amortization, net of income taxes ––.30
Diluted earnings (loss) per common share – excluding goodwill amortization $1.51 $(.25) $ 2.35
(millions of dollars) 2003 2002
Accumulated Net book Net book
Cost depreciation value value
Land $ 188 $ – $ 188 $ 227
Buildings 464 161 303 349
Computer equipment and software 894 582 312 379
Furniture, fixtures and other equipment 571 277 294 328
Leasehold improvements 537 217 320 351
$2,654 $1,237 $1,417 $1,634
Accumulated depreciation at the end of 2002 was $1,178 million.
Depreciation for land, buildings, and equipment amounted to $318 million
for 2003 (2002 – $312 million; 2001 – $317 million).
NOTE 6Land, buildings and equipment
NOTE 7Other assets