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TD BANK FINANCIAL GROUP ANNUAL REPORT 2005 Management’s Discussion and Analysis
50
(millions of Canadian dollars, Percentage of total
except percentage amounts) 2005 2004 2003 2005 2004 2003
Canada
Residential mortgages $12 $3$2 11.2% .9% .2%
Consumer instalment and other personal 323 311 332 301.9 90.9 33.2
Total residential and personal 335 314 334 313.1 91.8 33.4
Real estate development
Commercial and industrial –– 7 ––.7
Residential –– 2 ––.2
Total real estate –– 9 ––.9
Agriculture –(5) 27 –(1.5) 2.7
Apparel and textile (1) 11(.9) .3 .1
Automotive (1) 7 8 (.9) 2.0 .8
Chemical 3(2) 6 2.8 (.6) .6
Construction –3(2) –.9 (.2)
Financial ––2––.2
Food, beverage and tobacco –22–.6 .2
Forestry ––4––.4
Health and social services –1 2 –.3.2
Media and entertainment (1) 214 (.9) .6 1.4
Metals and mining –319 –.9 1.9
Oil and gas –3 1 –.9 .1
Retail –22–.6 .2
Sundry manufacturing 1311 .9 .9 1.1
Telecommunications (4) 7 – (3.8) 2.0 –
Transportation –(1) 48 –(.3) 4.8
Utilities ––13 –– 1.3
All other loans –(1) 3 –(.3) .3
Total business and government (3) 25 170 (2.8) 7.3 17.0
Total Canada 332 339 504 310.3 99.1 50.4
United States
Residential mortgages –– – –– –
Consumer instalment and other personal 12 1 1 11.2 .3 .1
Total residential and personal 12 1111.2 .3 .1
Real estate development
Commercial and industrial 1– – .9 – –
Total real estate 1– – .9 – –
Apparel and textile ––11 ––1.1
Cable –(30) (2) –(8.8) (.2)
Chemical –7 4 –2.0 .4
Construction (1) –(6) (.9) –(.6)
Food, beverage and tobacco 1– – .9 –-
Health and social services ––(1) ––(.1)
Media and entertainment ––23 ––2.3
Metals and mining 2(2) 4 1.9 (.6) .4
Retail 1––.9 – –
Sundry manufacturing 1–(5) .9 –(.5)
Telecommunications (14) (20) 26 (13.1) (5.8) 2.6
Utilities (202) 78 221 (188.7) 22.8 22.1
All other loans (6) 5–(5.6) 1.5 –
Total business and government (217) 38 275 (202.8) 11.1 27.5
Total United States (205) 39 276 (191.6) 11.4 27.6
Other International
Residential mortgages ––––––
Consumer instalment and other personal –– – –– –
Total residential and personal –– – –– –
Automotive –(4) 8 –(1.2) .8
Cable (9) 297(8.4) .6 9.7
Construction –– 1 ––.1
Financial (11) (11) –(10.3) (3.2) –
Media and entertainment –– 9 ––.9
Telecommunications –211 –.6 1.1
Utilities –(25) 94 –(7.3) 9.4
Total business and government (20) (36) 220 (18.7) (10.5) 22.0
Total Other International (20) (36) 220 (18.7) (10.5) 22.0
Total beforegeneral and sectoral provisions $107 $342 $1,000 100.0% 100.0% 100.0%
General provision (reversal) (52) (67) (157)
Sectoral provision (reversal) (including transfer to specifics) –(661) (657)
Total $ 55 $ (386) $ 186
1Based on geographic location of unit responsible for recording revenue.
PROVISION FOR CREDIT LOSSES BY INDUSTRY SECTOR1
TABLE 28