TD Bank 2012 Annual Report Download - page 139
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TD BANK GROUP ANNUAL REPORT 2012 FINANCIAL RESULTS 137
The following table summarizes the groups of CGUs to which goodwill
has been allocated and its discount rate for impairment testing purposes:
Group of CGUs
(millions of Canadian dollars) October 31 October 31 November 1
2012 2012 2011 2011 2010
Carrying Discount Carrying Discount Carrying
amount rate1 amount rate1 amount
Canadian Personal and Commercial Banking
Canadian Banking $ 772 10.9% $ 726 10.9% $ 722
Wealth and Insurance2
Wealth3 566 11.7–15.0% 566 11.7–15.0% 572
Global Insurance 463 11.1% 485 11.1% 488
Wholesale
TD Securities 150 15.9% 150 15.9% 150
U.S. Personal and Commercial Banking
U.S. Personal and Commercial Banking 10,360 11.1% 10,330 11.3% 10,381
Total $ 12,311 $ 12,257 $ 12,313
1
Discount rates have been updated to reflect pre-tax amounts.
2
Effective November 1, 2011, the results of the TD Insurance business were trans-
ferred from CAD P&C to Wealth and Insurance. The prior period results have been
restated retroactively to 2011.
3
Wealth includes Canadian Discount Brokerage, Advice Channels, Asset Manage-
ment, and UK Brokerage groups of CGUs. Effective April 30, 2012, Canadian
Discount Brokerage and UK Brokerage were combined into “Direct Investing” and
Advice Channels and Asset Management were combined into “Advice and Asset
Management” groups of CGUs.
OTHER INTANGIBLES
The following table presents details of the Bank’s other intangibles as
at October 31, 2012, October 31, 2011, and November 1, 2010.
Other Intangibles
(millions of Canadian dollars) October 31, 2012
Carrying Accumulated Net carrying
value amortization value
Core deposit intangibles $ 5,067 $ 4,201 $ 866
Software 1,120 352 768
Other intangibles 5,515 4,932 583
Total $ 11,702 $ 9,485 $ 2,217
October 31, 2011
Core deposit intangibles $ 5,064 $ 4,007 $ 1,057
Software 812 242 570
Other intangibles 5,073 4,856 217
Total $ 10,949 $ 9,105 $ 1,844
November 1, 2010
Core deposit intangibles $ 5,101 $ 3,721 $ 1,380
Other intangibles 5,076 4,652 424
Total $ 10,177 $ 8,373 $ 1,804