TD Bank 2014 Annual Report Download - page 151

TD BANK GROUP ANNUAL REPORT 2014 FINANCIAL RESULTS 149
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
2012 in income
1
in OCI Purchases Issuances Other
2
Level 3 Level 3 2013 still held
3
FINANCIAL ASSETS
Trading loans, securities, and other
Government and government-
related securities
Canadian government debt
Provinces $ – $ – $ – $ 182 $ – $ (182) $ – $ – $ – $ –
Other debt securities
Canadian issuers 17 2 – 79 – (111) 22 (4) 5 –
Other issuers 57 2 – 339 – (369) 67 (12) 84 (2)
Equity securities
Common shares 77 – – 134 – (196) – – 15 –
Preferred shares – – – 88 – (88) – – – –
Retained interests 85 6 – – 10 (34) – – 67 (13)
236 10 – 822 10 (980) 89 (16) 171 (15)
Financial assets designated
at fair value through
profit or loss
Loans 13 4 – – – (8) – – 9 1
13 4 – – – (8) – – 9 1
Available-for-sale securities
Government and government-
related securities
Other OECD government
guaranteed debt 2 – – 8 – (2) – – 8 –
Other debt securities
Corporate and other debt 57 1 (3) – – (36) – – 19 (4)
Equity securities
Common shares 1,446 27 (7) 111 – (421) 59 – 1,215 37
Preferred shares 163 (1) (21) – – (5) – – 136 7
Debt securities reclassified
from trading 165 11 7 – – (2) 54 (7) 228 20
$ 1,833 $ 38 $ (24) $ 119 $ – $ (466) $ 113 $ (7) $ 1,606 $ 60
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
2012 in income
1
in OCI Purchases Issuances Other
2
Level 3 Level 3 2013 still held
3
FINANCIAL LIABILITIES
Trading deposits $ 1,100 $ (24) $ – $ – $ 375 $ (384) $ 336 $ (7) $ 1,396 $ 46
Derivatives4
Interest rate contracts 97 (32) – – – (7) – – 58 (33)
Foreign exchange contracts (2) (1) – – – 3 (1) – (1) 1
Credit contracts (1) 1 – – – – – – – 2
Equity contracts 320 143 – (125) 180 (125) (1) – 392 141
Commodity contracts (12) 7 – – – 2 – – (3) (1)
402 118 – (125) 180 (127) (2) – 446 110
Other financial liabilities
designated at fair value
through profit or loss 17 14 – – 178 (197) – – 12 1
Obligations related to
securities sold short $ 21 $ – $ – $ (47) $ – $ 33 $ – $ – $ 7 $ –
1
Gains (losses) on financial assets and liabilities are recognized in Net securities
gains (losses), Trading income (loss), 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, 2013, consists of derivative assets of $982 million
(November 1, 2012 – $749 million) and derivative liabilities of $1.4 billion
(November 1, 2012 – $1.2 billion), which have been netted on this table
for presentation purposes only.