TD Bank 2014 Annual Report Download - page 180
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TD BANK GROUP ANNUAL REPORT 2014 FINANCIAL RESULTS178
Pre-Tax Discount Rates
(millions of Canadian dollars, except as noted) October 31 October 31
2014 2014 2013 2013
Carrying Carrying
amount of Discount amount of Discount
goodwill rate goodwill rate
Canadian Retail $ 2,249 10.3–12.4% $ 2,200 10.7–12.4%
U.S. Retail1
11,834 10.7–12.0 10,943 10.8–12.0
Wholesale 150 13.8 150 13.8
Total $ 14,233 $ 13,293
1
Goodwill predominantly relates to U.S. personal and commercial banking.
OTHER INTANGIBLES
The following table presents details of other intangibles as at October 31.
Other Intangibles1
(millions of Canadian dollars) Credit card Internally
Core deposit related generated Other Other
intangibles intangibles software Software intangibles Total
Cost
At November 1, 2012 $ 1,954 $ 472 $ 1,008 $ 112 $ 376 $ 3,922
Additions – 98 456 60 149 763
Disposals – – (9) – (5) (14)
Impairment – – (12) – – (12)
Fully amortized intangibles – – (73) (5) – (78)
Foreign currency translation adjustments and other 85 13 (1) (10) 8 95
At October 31, 2013 2,039 583 1,369 157 528 4,676
Additions – 146 468 63 21 698
Disposals – – (34) – – (34)
Fully amortized intangibles – – (154) (4) – (158)
Foreign currency translation adjustments and other 165 9 28 11 23 236
At October 31, 2014 $ 2,204 $ 738 $ 1,677 $ 227 $ 572 $ 5,418
Amortization and impairment
At November 1, 2012 $ 1,096 $ 47 $ 308 $ 44 $ 210 $ 1,705
Disposals – – (4) – (4) (8)
Impairment – – 5 – – 5
Amortization charge for the year 175 55 191 43 42 506
Fully amortized intangibles – – (73) (5) – (78)
Foreign currency translation adjustments and other 52 – 2 – (1) 53
At October 31, 2013 1,323 102 429 82 247 2,183
Disposals – – (1) – – (1)
Impairment – – – – – –
Amortization charge for the year 165 76 227 50 45 563
Fully amortized intangibles – – (154) (4) – (158)
Foreign currency translation adjustments and other 110 3 29 2 7 151
At October 31, 2014 $ 1,598 $ 181 $ 530 $ 130 $ 299 $ 2,738
Net Book Value:
At October 31, 2013 $ 716 $ 481 $ 940 $ 75 $ 281 $ 2,493
At October 31, 2014 606 557 1,147 97 273 2,680
1
Certain comparative amounts have been reclassified to conform with the
presentation adopted in the current period.