TD Bank 2011 Annual Report Download - page 150

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TD BANK GROUP ANNUAL REPORT 2011 FINANCIAL RESULTS148
Reconciliation of Consolidated Balance Sheet from Canadian GAAP to IFRS
(millions of Canadian dollars) As at
Nov. 1, 2010
Effect of Transition to IFRS1
Mandatory Elective
Exceptions Exemptions Other Presentation
Canadian GAAP
under IFRS 1 under IFRS 1 Adjustments Changes2
IFRS
LIABILITIES LIABILITIES
$ – – – – 22,991 $ 22,991 Trading deposits3
– – – – 52,552 52,552 Derivatives3
– 27,256 – – – 27,256 Securitization liabilities at
fair value
Financial liabilities designated
at fair value through
– – – 31 – 31 profit or loss
– 27,256 – 31 75,543 102,830
Deposits Deposits
Personal 249,251 – – – – 249,251 Personal
Banks 12,508 – – (7) – 12,501 Banks
Business and government 145,221 – – (2,100) – 143,121 Business and government
Trading3 22,991 – – – (22,991) –
429,971 – – (2,107) (22,991) 404,873
Other Other
Acceptances 7,757 – – – – 7,757 Acceptances
Obligations related to Obligations related to
securities sold short 23,695 – – (4) – 23,691 securities sold short
Obligations related to
Obligations related to securities
securities sold under repurchase sold under repurchase
agreements 25,426 (3,235) – – – 22,191 agreements
Derivatives3 53,685 (1,101) – (32) (52,552) –
Securitization liabilities at
– 23,078 – – – 23,078 amortized cost
– – – – 440 440 Provisions
Current income tax payable 352 63 – 3 623 1,041 Current income tax payable
Future income tax liabilities 460 77 (45) 79 200 771 Deferred tax liabilities
Other liabilities 21,316 (928) 159 6,056 (913) 25,690 Other liabilities
132,691 17,954 114 6,102 (52,202) 104,659
Subordinated notes Subordinated notes
and debentures 12,506 – (2) (255) – 12,249 and debentures
Liability for preferred shares 582 – – – – 582 Liability for preferred shares
Liability for capital Liability for capital
trust securities – – – 2,344 – 2,344 trust securities
Non-controlling interests
in subsidiaries3 1,493 – – – (1,493) –
Total liabilities including
Non-controlling interest 577,243 45,210 112 6,115 (1,143) 627,537 Total liabilities
SHAREHOLDERS’ EQUITY EQUITY
Common shares 16,730 – (926) – – 15,804 Common shares
Preferred shares 3,395 – – – – 3,395 Preferred shares
Treasury shares – common (91) – – – – (91) Treasury shares – common
Treasury shares – preferred (1) – – – – (1) Treasury shares – preferred
Contributed surplus 305 – (85) 15 – 235 Contributed surplus
Retained earnings2 20,959 (513) (4,936) (729) – 14,781 Retained earnings
Accumulated other Accumulated other
comprehensive income (loss)2 1,005 98 3,112 41 – 4,256 comprehensive income (loss)
42,302 (415) (2,835) (673) – 38,379
Non-controlling interests
– – – – 1,493 1,493 in subsidiaries3
Total shareholders’ equity 42,302 (415) (2,835) (673) 1,493 39,872 Total equity
Total liabilities and
shareholders’ equity $ 619,545 44,795 (2,723) 5,442 350 $ 667,409 Total liabilities and equity
1 Refer to the notes following the IFRS opening Consolidated Balance Sheet for a
description of significant measurement and presentation differences between
Canadian GAAP and IFRS.
2 Included in the elective exemptions under IFRS 1 are adjustments related to the
Bank’s election for cumulative translation differences of $2,947 million. As
discussed in Note 34(f), this adjustment has no resulting net impact on equity.
3 Certain comparative amounts have been reclassified to conform to the new
IFRS presentation adopted on transition date.