TD Bank 2011 Annual Report Download - page 140

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TD BANK GROUP ANNUAL REPORT 2011 FINANCIAL RESULTS138
Results by Business Segment
(millions of Canadian dollars) Canadian U.S.
Personal and Personal and
Commercial Wealth Commercial Wholesale
Banking Management Banking Banking Corporate Total
2010
Net interest income $ 7,134 $ 336 $ 3,579 $ 1,815 $ (1,321) $ 11,543
Non-interest income 3,237 2,121 1,180 1,059 425 8,022
Provision for (reversal of) credit losses 1,046 – 646 25 (92) 1,625
Non-interest expenses 4,934 1,813 2,910 1,395 1,111 12,163
Income (loss) before income taxes 4,391 644 1,203 1,454 (1,915) 5,777
Provision for (recovery of) income taxes 1,296 197 230 588 (1,049) 1,262
Non-controlling interests in subsidiaries,
net of income taxes – – – – 106 106
Equity in net income of an associated company,
net of income taxes – 194 – – 41 235
Net income (loss) $ 3,095 $ 641 $ 973 $ 866 $ (931) $ 4,644
Total assets
Balance sheet $ 198,058 $ 20,836 $ 179,604 $ 188,824 $ 32,223 $ 619,545
Securitized1 65,615 – – 4,023 (19,027) 50,611
2009
Net interest income $ 6,348 $ 270 $ 3,607 $ 2,488 $ (1,387) $ 11,326
Non-interest income 3,101 1,935 1,117 733 (352) 6,534
Provision for (reversal of) credit losses 1,155 – 948 164 213 2,480
Non-interest expenses 4,725 1,701 3,213 1,417 1,155 12,211
Income (loss) before income taxes 3,569 504 563 1,640 (3,107) 3,169
Provision for (recovery of) income taxes 1,097 159 (70) 503 (1,448) 241
Non-controlling interests in subsidiaries,
net of income taxes – – – – 111 111
Equity in net income of an associated company,
net of income taxes – 252 – – 51 303
Net income (loss) $ 2,472 $ 597 $ 633 $ 1,137 $ (1,719) $ 3,120
Total assets
Balance sheet $ 183,236 $ 20,592 $ 153,820 $ 164,939 $ 34,632 $ 557,219
Securitized1 57,659 – – 4,057 (13,740) 47,976
1 Securitized assets continue to be reported under the segments the original loans
originated from.
RESULTS BY GEOGRAPHY
For reporting of geographic results, segments are grouped into Canada,
United States and International. Transactions are primarily 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.
(millions of Canadian dollars) Income before
Total revenue income taxes Net income Goodwill Total assets
2011
Canada $ 13,693 $ 4,306 $ 3,216 $ 1,466 $ 387,328
United States 5,771 923 671 12,861 237,630
International 2,130 1,817 2,002 49 61,402
Total $ 21,594 $ 7,046 $ 5,889 $ 14,376 $ 686,360
2010
Canada $ 12,741 $ 3,689 $ 2,637 $ 1,530 $ 355,021
United States 4,953 518 502 12,880 207,755
International 1,871 1,570 1,505 50 56,769
Total $ 19,565 $ 5,777 $ 4,644 $ 14,460 $ 619,545
2009
Canada $ 12,154 $ 2,938 $ 2,256 $ 1,529 $ 329,454
United States 3,906 (1,265) (541) 13,432 177,593
International 1,800 1,496 1,405 54 50,172
Total $ 17,860 $ 3,169 $ 3,120 $ 15,015 $ 557,219