TD Bank 2014 Annual Report Download - page 150

TD BANK GROUP ANNUAL REPORT 2014 FINANCIAL RESULTS148
The following tables reconcile changes in fair value of all assets and
liabilities measured at fair value using significant Level 3 non-observable
inputs for the years ended October 31.
Reconciliation of Changes in Fair Value for Level 3 Financial Assets and Liabilities
(millions of Canadian dollars) Total realized and Change in
unrealized gains (losses) unrealized Movements Transfers
Fair value Fair value gains
as at as at (losses) on
Nov. 1, Included Included Into Out of October 31, instruments
2013 in income
1
in OCI Purchases Issuances Other
2
Level 3 Level 3 2014 still held
3
FINANCIAL ASSETS
Trading loans, securities, and other
Government and government-
related securities
Canadian government debt
Provinces $ – $ – $ – $ – $ – $ – $ – $ – $ – $ –
Other debt securities
Canadian issuers 5 – – 10 – (68) 73 – 20 –
Other issuers 84 3 – 145 – (195) 37 (8) 66 (2)
Equity securities
Common shares 15 – – 159 – (170) – – 4 –
Preferred shares – – – 54 – (54) 2 (2) – –
Trading loans – – – – – – – – – –
Retained interests 67 5 – – – (24) – – 48 (7)
171 8 – 368 – (511) 112 (10) 138 (9)
Financial assets designated
at fair value through
profit or loss
Loans 9 1 – – – (5) – – 5 (4)
9 1 – – – (5) – – 5 (4)
Available-for-sale securities
Government and government-
related securities
Canadian government debt
Provinces – 1 – – – – 187 (137) 51 1
Other OECD government
guaranteed debt 8 – – 3 – (6) – – 5 –
Other debt securities
Asset-backed securities – – – – – – – – – –
Corporate and other debt 19 1 – – – – 40 (41) 19 1
Equity securities
Common shares 1,215 7 31 97 – (48) 1 – 1,303 30
Preferred shares 136 (6) 4 6 – 1 – – 141 4
Debt securities reclassified
from trading 228 30 20 – – (14) 46 (1) 309 20
$ 1,606 $ 33 $ 55 $ 106 $ – $ (67) $ 274 $ (179) $ 1,828 $ 56
Total realized and Change in
unrealized losses (gains) unrealized Movements Transfers
Fair value Fair value losses
as at as at (gains) on
Nov. 1, Included Included Into Out of October 31,
instruments
2013 in income
1
in OCI Purchases Issuances Other
2
Level 3 Level 3 2014 still held
3
FINANCIAL LIABILITIES
Trading deposits $ 1,396 $ 65 $ – $ – $ 687 $ (494) $ 1 $ (24) $ 1,631 $ 50
Derivatives4
Interest rate contracts 58 21 – – – 1 – 1 81 23
Foreign exchange contracts (1) – – – – (2) 1 – (2) –
Credit contracts – 1 – – – (1) – – – –
Equity contracts 392 166 – (119) 221 (161) 5 – 504 164
Commodity contracts (3) – – – – 8 (1) – 4 4
446 188 – (119) 221 (155) 5 1 587 191
Other financial liabilities
designated at fair value
through profit or loss 12 (49) – – 84 (39) – – 8 (52)
Obligations related to
securities sold short $ 7 $ – $ – $ (26) $ – $ 52 $ 1 $ – $ 34 $ –
1
Gains (losses) on financial assets and liabilities are recognized in Net securities gains
(losses), Trading income (losses), and Other income (loss) on the Consolidated
Statement of Income.
2
Consists of sales and settlements.
3
Changes in unrealized gains (losses) on available-for-sale securities are recognized
in accumulated other comprehensive income.
4
As at October 31, 2014, consists of derivative assets of $1.1 billion
(November 1, 2013 – $982 million) and derivative liabilities of $1.6 billion
(November 1, 2013 – $1.4 billion), which have been netted on this table
for presentation purposes only.