TD Bank 2012 Annual Report Download - page 94

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TD BANK GROUP ANNUAL REPORT 2012 FINANCIAL RESULTS92
Consolidated Statement of Comprehensive Income
For the years ended October 31
(millions of Canadian dollars) 2012 2011
Net income $ 6,471 $ 6,045
Other comprehensive income (loss), net of income taxes
Change in unrealized gains (losses) on available-for-sale securities1 689 (246)
Reclassification to earnings of net losses (gains) in respect of available-for-sale securities2 (163) (122)
Net change in unrealized foreign currency translation gains (losses) on investments in foreign operations 92 (796)
Net foreign currency translation gains (losses) from hedging activities3 (54) 332
Change in net gains (losses) on derivatives designated as cash flow hedges4 834 640
Reclassification to earnings of net losses (gains) on cash flow hedges5 (1,079) (738)
319 (930)
Comprehensive income (loss) for the year $ 6,790 $ 5,115
Attributable to:
Preferred shareholders 196 180
Common shareholders 6,490 4,831
Non-controlling interests in subsidiaries 104 104
1 Net of income tax provision in 2012 of $302 million (2011 – income tax recovery of $35 million).
2 Net of income tax provision in 2012 of $74 million (2011 – income tax provision of $31 million).
3 Net of income tax recovery in 2012 of $22 million (2011 – income tax provision of $118 million).
4 Net of income tax provision in 2012 of $381 million (2011 – income tax provision of $322 million).
5 Net of income tax provision in 2012 of $485 million (2011 – income tax provision of $304 million).
All items presented in other comprehensive income will be reclassified to the Consolidated
Statement of Income in subsequent periods.
The accompanying Notes are an integral part of these Consolidated Financial Statements.