TD Bank 2012 Annual Report Download - page 172
Download and view the complete annual report
Please find page 172 of the 2012 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.-
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 -
165 -
166 -
167 -
168 -
169 -
170 -
171 -
172 -
173 -
174 -
175 -
176 -
177 -
178 -
179 -
180 -
181 -
182 -
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
 |
 |
TD BANK GROUP ANNUAL REPORT 2012 FINANCIAL RESULTS170
The condensed financial statements of TD Ameritrade, based on its
Consolidated Financial Statements, are provided as follows:
Condensed Consolidated Balance Sheet1
(millions of Canadian dollars) September 30 September 30
2012 2011
Assets
Receivables from brokers, dealers, and clearing organizations $ 1,109 $ 831
Receivables from clients, net of allowance for doubtful accounts 8,638 8,032
Other assets 9,746 8,206
Total assets $ 19,493 $ 17,069
Liabilities
Payable to brokers, dealers, and clearing organizations $ 1,990 $ 1,704
Payable to clients 10,717 8,949
Other liabilities 2,366 2,314
Total liabilities 15,073 12,967
Stockholders’ equity2 4,420 4,102
Total liabilities and stockholders’ equity $ 19,493 $ 17,069
1
Customers’ securities are reported on a settlement date basis whereas the Bank
reports customers’ securities on a trade date basis.
2
The difference between the carrying value of the Bank’s investment in
TD Ameritrade and the Bank’s share of TD Ameritrade’s stockholders’ equity
is comprised of goodwill, intangibles and the cumulative translation adjustment.
Condensed Consolidated Statement of Income
(millions of Canadian dollars) September 30 September 30
2012 2011
Revenues
Net interest revenue $ 452 $ 485
Fee-based and other revenue 2,209 2,240
Total revenues 2,661 2,725
Operating expenses
Employee compensation and benefits 695 667
Other 1,025 1,024
Total operating expenses 1,720 1,691
Other expense 28 31
Pre-tax income 913 1,003
Provision for income taxes 322 373
Net income1 $ 591 $ 630
Earnings per share – basic $ 1.08 $ 1.11
Earning per share – diluted $ 1.07 $ 1.09
1
The Bank’s equity share of net income of TD Ameritrade is subject to adjustments
relating to amortization of intangibles, which are not included in the table above.