TD Bank 2006 Annual Report Download - page 110

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TD BANK FINANCIAL GROUP ANNUAL REPORT 2006 Financial Results
106
Results by Business Segment
(millions of Canadian dollars) Canadian U.S.
Personal and Personal and
Commercial Commercial Wholesale Wealth
2006 Banking Banking Banking1Management Corporate1Total
Net interest income $4,879 $ 1,290 $ 479 $ 377 $ (654) $ 6,371
Provision for (reversal of) credit losses 413 40 68 – (112) 409
Other income 2,573 490 1,792 1,883 1,554 8,292
Non-interest expenses 4,086 1,087 1,312 1,575 667 8,727
Income before income taxes 2,953 653 891 685 345 5,527
Provision for (benefit of) income taxes 987 222 262 242 (839) 874
Non-controlling interests – 195 – – (11) 184
Equity in net income of associated company, net of tax –– – 147 (13) 134
Net income – reported $ 1,966 $ 236 $ 629 $ 590 $ 1,182 $ 4,603
Total assets
–balance sheet $138,700 $43,500 $163,900 $13,600 $33,214 $392,914
–securitized 43,158 (15,241) 27,917
2005
Net interest income $ 4,342 $ 705 $ 977 $ 643 $ (659) $ 6,008
Provision for (reversal of) credit losses 373 4 52 – (374) 55
Other income 2,361 299 1,011 2,103 115 5,889
Non-interest expenses 3,773 549 1,325 2,083 1,052 8,782
Income (loss) before income taxes 2,557 451 611 663 (1,222) 3,060
Provision for (benefit of) income taxes 855 161 189 231 (737) 699
Non-controlling interests – 132 – – – 132
Equity in net income of associated company, net of tax – – – – – –
Net income (loss) – reported $1,702 $ 158 $ 422 $ 432 $ (485) $ 2,229
Total assets
–balance sheet $131,000 $35,700 $156,700 $25,600 $16,210 $365,210
–securitized 34,451 (10,577) 23,874
2004
Net interest income $4,154 N/A $1,581 $492 $(454) $ 5,773
Provision for (reversal of) credit losses 373 41 – (800) (386)
Other income 2,066 615 2,098 104 4,883
Non-interest expenses 3,650 1,289 2,047 1,021 8,007
Income (loss) beforeincome taxes 2,197 866 543 (571) 3,035
Provision for (benefit of) income taxes 747 278 191 (413) 803
Non-controlling interests – – – – –
Equity in net income of associated company,net of tax –––––
Net income (loss) – reported $ 1,450 $ 588 $ 352 $ (158) $ 2,232
Total assets
–balance sheet $123,200 $148,100 $24,900 $14,827 $311,027
–securitized 29,908 (9,695) 20,213
1The taxable equivalent basis increase to net interest income reflected in the
Wholesale Banking segment results is reversed in the Corporate segment
(millions of Canadian dollars)
Income before provision for
income taxes, non-controlling
interests, net of tax & equity in net
2006 Total revenue income of associated company Net income Total assets
Canada $9,633 $2,423 $1,802 $ 255,317
United States 2,564 2,538 2,182 83,059
Other international 907 566 619 54,538
Total $13,104 $5,527 $4,603 $392,914
2005
Canada $ 8,410 $1,408 $1,117 $232,783
United States 2,624 1,246 639 74,306
Other international 863 406 473 58,121
Total $11,897 $3,060 $2,229 $ 365,210
2004
Canada $ 7,967 $1,940 $1,368 $216,110
United States 1,559 434 259 41,506
Other international 1,130 661 605 53,411
Total $10,656 $3,035 $2,232 $ 311,027
RESULTS BY GEOGRAPHY
For reporting of geographic results, segments are grouped into
Canada, United States and International. Transactions are primari-
ly recorded in the location responsible for recording the revenue
or assets. This location frequently corresponds with the location
of the legal entity through which the business is conducted and
the location of the customer.