TD Bank 2014 Annual Report Download - page 126

TD BANK GROUP ANNUAL REPORT 2014 FINANCIAL RESULTS124
Consolidated Statement of Comprehensive Income
For the years ended October 31
(millions of Canadian dollars) 2014 2013 2012
Net income $ 7,883 $ 6,640 $ 6,460
Other comprehensive income (loss), net of income taxes
Items that will be subsequently reclassified to net income
Change in unrealized gains (losses) on available-for-sale securities1 69 (472) 689
Reclassification to earnings of net losses (gains) in respect of available-for-sale securities2 (163) (271) (163)
Net change in unrealized foreign currency translation gains (losses) on investments in foreign operations 3,697 1,885 92
Reclassification to earnings of net losses (gains) on investments in foreign operations3 (13) 4 –
Net foreign currency translation gains (losses) from hedging activities4 (1,390) (737) (54)
Reclassification to earnings of net losses (gains) on hedges of investments in foreign operations5 13 (4) –
Change in net gains (losses) on derivatives designated as cash flow hedges6 1,647 668 834
Reclassification to earnings of net losses (gains) on cash flow hedges7 (2,083) (1,559) (1,079)
Items that will not be subsequently reclassified to net income
Actuarial gains and (losses) on employee benefit plans8 (458) 339 (748)
1,319 (147) (429)
Comprehensive income (loss) for the year $ 9,202 $ 6,493 $ 6,031
Attributable to:
Preferred shareholders $ 143 $ 185 $ 196
Common shareholders 8,952 6,203 5,731
Non-controlling interests in subsidiaries 107 105 104
1
Net of income tax provision in 2014 of $67 million (2013 – income tax recovery
of $285 million; 2012 – income tax provision of $302 million).
2
Net of income tax provision in 2014 of $81 million (2013 – income tax provision
of $136 million; 2012 – income tax provision of $74 million).
3
Net of income tax provision in 2014 of nil (2013 – income tax provision of nil;
2012 – income tax provision of nil).
4
Net of income tax recovery in 2014 of $488 million (2013 – income tax recovery
of $264 million; 2012 – income tax recovery of $22 million).
5
Net of income tax recovery in 2014 of $4 million (2013 – income tax provision
of $1 million; 2012 – income tax provision of nil).
6
Net of income tax provision in 2014 of $1,113 million (2013 – income tax provision
of $383 million; 2012 – income tax provision of $381 million).
7
Net of income tax provision in 2014 of $1,336 million (2013 – income tax provision
of $830 million; 2012 – income tax provision of $485 million).
8
Net of income tax recovery in 2014 of $210 million (2013 – income tax provision
of $172 million; 2012 – income tax recovery of $289 million).
Certain comparative amounts have been restated to conform with the presentation
adopted in the current period.
The accompanying Notes are an integral part of these Consolidated Financial Statements.