TD Bank 2012 Annual Report Download - page 114

TD BANK GROUP ANNUAL REPORT 2012 FINANCIAL RESULTS112
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 year ended October 31, 2012 and October 31,
2011, respectively.
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
2011 in income
1
in OCI Purchases Issuances Other
2
Level 3 Level 3 2012 still held
3
FINANCIAL ASSETS
Trading loans, securities, and other
Government and government-
related securities
Canadian government debt
Federal $ – $ – $ – $ 1 $ – $ – $ – $ (1) $ – $ –
Provinces 5 – – 3 – (10) 5 (3) – –
Other debt securities
Canadian issuers 30 4 – 29 – (52) 29 (23) 17 2
Other issuers 79 8 – 276 – (272) 50 (84) 57 (4)
Equity securities
Common shares – – – 89 – (12) – – 77 –
Trading loans 3 – – 2 – (8) 3 – – –
Retained interests 52 17 – 28 9 (21) – – 85 10
$ 169 $ 29 $ – $ 428 $ 9 $ (375) $ 87 $ (111) $ 236 $ 8
Financial assets designated
at fair value through
profit or loss
Loans $ 8 $ 14 $ – $ – $ – $ (9) $ – $ – $ 13 $ 5
$ 8 $ 14 $ – $ – $ – $ (9) $ – $ – $ 13 $ 5
Available-for-sale securities
Government and government-
related securities
Other OECD government
guaranteed debt $ – $ – $ – $ 2 $ – $ – $ – $ – $ 2 $ –
Other debt securities
Corporate and other debt 24 1 1 14 – (2) 45 (26) 57 1
Equity securities
Common shares 1,524 114 (33) 66 – (228) – – 1,443 (11)
Preferred shares 190 (21) 47 1 – (54) – – 163 39
Debt securities reclassified
from trading 158 12 13 – – (9) 22 (31) 165 8
$ 1,896 $ 106 $ 28 $ 83 $ – $ (293) $ 67 $ (57) $ 1,830 $ 37
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
2011 in income
1
in OCI Purchases Issuances Other
2
Level 3 Level 3 2012 still held
3
FINANCIAL LIABILITIES
Trading deposits $ 1,080 $ 16 $ – $ – $ 395 $ (392) $ 1 $ – $ 1,100 $ 26
Derivatives4
Interest rate contracts $ 81 $ 10 $ – $ 5 $ – $ – $ 1 $ – $ 97 $ 15
Foreign exchange contracts (2) – – – – – – – (2) –
Credit contracts 10 (14) – – – 3 (2) 2 (1) (3)
Equity contracts 343 (18) – (134) 187 (59) 1 – 320 (13)
Commodity contracts 1 (13) – – – (1) – 1 (12) (11)
$ 433 $ (35) $ – $ (129) $ 187 $ (57) $ – $ 3 $ 402 $ (12)
Other financial liabilities
designated at fair value
through profit or loss $ 27 $ (65) $ – $ – $ 188 $ (135) $ 2 $ – $ 17 $ (65)
Obligations related to
securities sold short $ 2 $ – $ – $ (6) $ – $ 37 $ 2 $ (14) $ 21 $ 5
1
Gains (losses) on financial assets and liabilities are recognized in net gains (losses)
from sale of available-for-sale securities, trading income (loss), and other income
on the Consolidated Statement of Income.
2
Consists of sales and settlements.
3
Changes in unrealized gains (losses) on available-for-sale securities are recognized
in accumulated other comprehensive income.
4
Consists of derivative assets of $749 million (November 1, 2011 – $685 million)
and derivative liabilities of $1,151 million (November 1, 2011 – $1,118 million) as
at October 31, 2012, which have been netted on this table for presentation
purposes only.