TD Bank 2014 Annual Report Download - page 127

TD BANK GROUP ANNUAL REPORT 2014 FINANCIAL RESULTS 125
Consolidated Statement of Changes in Equity
For the years ended October 31
(millions of Canadian dollars) 2014 2013 2012
Common shares (Note 21)
Balance at beginning of year $ 19,316 $ 18,691 $ 17,491
Proceeds from shares issued on exercise of stock options 199 297 253
Shares issued as a result of dividend reinvestment plan 339 515 947
Purchase of shares for cancellation (43) (187) –
Balance at end of year 19,811 19,316 18,691
Preferred shares (Note 21)
Balance at beginning of year 3,395 3,395 3,395
Issue of shares 1,000 – –
Redemption of shares (2,195) – –
Balance at end of year 2,200 3,395 3,395
Treasury shares – common (Note 21)
Balance at beginning of year (145) (166) (116)
Purchase of shares (4,197) (3,552) (3,175)
Sale of shares 4,288 3,573 3,125
Balance at end of year (54) (145) (166)
Treasury shares – preferred (Note 21)
Balance at beginning of year (2) (1) –
Purchase of shares (154) (86) (77)
Sale of shares 155 85 76
Balance at end of year (1) (2) (1)
Contributed surplus
Balance at beginning of year 170 196 212
Net premium (discount) on sale of treasury shares 48 (3) 10
Stock options (Note 25) (5) (25) (25)
Other (8) 2 (1)
Balance at end of year 205 170 196
Retained earnings
Balance at beginning of year 23,982 20,868 18,213
Transition adjustments on adoption of new and amended accounting standards (Note 4) – (5) (136)
Net income attributable to shareholders 7,776 6,535 6,356
Common dividends (3,384) (2,977) (2,621)
Preferred dividends (143) (185) (196)
Share issue expenses and others (11) – –
Net premium on repurchase of common shares (177) (593) –
Actuarial gains and (losses) on employee benefit plans (458) 339 (748)
Balance at end of year 27,585 23,982 20,868
Accumulated other comprehensive income (loss)
Net unrealized gain (loss) on available-for-sale securities:
Balance at beginning of year 732 1,475 949
Other comprehensive income (loss) (94) (743) 526
Balance at end of year 638 732 1,475
Net unrealized foreign currency translation gain (loss) on investments in foreign operations,
net of hedging activities:
Balance at beginning of year 722 (426) (464)
Other comprehensive income (loss) 2,307 1,148 38
Balance at end of year 3,029 722 (426)
Net gain (loss) on derivatives designated as cash flow hedges:
Balance at beginning of year 1,705 2,596 2,841
Other comprehensive income (loss) (436) (891) (245)
Balance at end of year 1,269 1,705 2,596
Total 4,936 3,159 3,645
Non-controlling interests in subsidiaries
Balance at beginning of year 1,508 1,477 1,483
Net income attributable to non-controlling interests in subsidiaries 107 105 104
Other (66) (74) (110)
Balance at end of year 1,549 1,508 1,477
Total equity $ 56,231 $ 51,383 $ 48,105
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.