TD Bank 2011 Annual Report Download - page 98

Download and view the complete annual report

Please find page 98 of the 2011 TD Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 164

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164

TD BANK GROUP ANNUAL REPORT 2011 FINANCIAL RESULTS96
The following tables reconcile changes in fair value of all assets and
liabilities measured at fair value using significant Level 3 non-observable
inputs for the years ended October 31, 2011 and 2010.
Reconciliation of Changes in Fair Value for Level 3 Financial Assets and Liabilities
(millions of Canadian dollars) Total realized and Change in
unrealized gains (losses) unrealized Movements Transfers
Fair value Fair value gains
as at as at (losses) on
Nov. 1, Included Included Into Out of Oct. 31,
instruments
2010 in income
1
in OCI Purchases Issuances Other
2
Level 3 Level 3 2011 still held
3
FINANCIAL ASSETS
Trading securities
Government and government-
related securities
Canadian government debt
Federal $ – $ – $ – $ 15 $ – $ (15) $ – $ – $ – $ (1)
Provinces 14 1 – 45 – (55) – – 5 (1)
U.S. federal, state, municipal
governments, and agencies debt 37 – – – – (37) – – – –
Other OECD government
guaranteed debt – – – – – – – – – –
Other debt securities
Canadian issuers 51 3 – 85 – (111) 16 (14) 30 (5)
Other issuers 82 15 – 557 – (454) 92 (213) 79 (11)
Equity securities
Preferred shares – – – 34 – (34) – – – –
Common shares – – – 12 – (12) – – – (2)
Retained interests 1,437 178 – – 571 (897) – – 1,289 80
$ 1,621 $ 197 $ – $ 748 $ 571 $ (1,615) $ 108 $ (227) $ 1,403 $ 60
Available-for-sale securities
Other debt securities
Corporate and other debt $ 24 $ – $ 1 $ 66 $ – $ (69) $ 2 $ – $ 24 $ 1
Debt securities reclassified
from trading 64 6 (11) – – (1) 100 – 158 (4)
$ 88 $ 6 $ (10) $ 66 $ – $ (70) $ 102 $ – $ 182 $ (3)
Loans4 $ 28 $ 19 $ – $ 3 $ – $ (27) $ 8 $ (20) $ 11 $ 3
FINANCIAL LIABILITIES
Trading deposits $ 1,110 $ 20 $ – $ – $ 467 $ (517) $ – $ – $ 1,080 $ 19
Obligations related to
securities sold short 30 (1) – (42) – 36 6 (27) 2 1
Derivatives5 $ 383 $ 139 $ – $ (749) $ 291 $ 398 $ – $ – $ 462 $ 168
1 Gains (losses) on financial assets and liabilities included in income are recorded
in net securities gains (losses), trading income (loss), and other income on the
Consolidated Statement of Income.
2 Consists of sales and settlements.
3 Changes in unrealized gains (losses) for available-for-sale securities are recorded
in accumulated other comprehensive income.
4 Includes trading loans.
5 Consists of derivative assets of $683 million (2010 – $799 million) and derivative
liabilities of $1,145 million (2010 – $1,182 million), both of which are measured
using significant level 3 inputs, as at October 31, 2011, which have been netted
on this table for presentation purposes only.