TD Bank 2014 Annual Report Download - page 207
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TD BANK GROUP ANNUAL REPORT 2014 FINANCIAL RESULTS 205
The following table summarizes the segment results for the years ended
October 31.
Results by Business Segment
(millions of Canadian dollars, except as noted) For the years ended October 31
2014
Canadian U.S. Wholesale
Retail Retail Banking Corporate Total
Net interest income (loss) $ 9,538 $ 6,000 $ 2,210 $ (164) $ 17,584
Non-interest income (loss) 9,623 2,245 470 39 12,377
Provision for (reversal of) credit losses 946 676 11 (76) 1,557
Insurance claims and related expenses 2,833 – – – 2,833
Non-interest expenses 8,438 5,352 1,589 1,117 16,496
Income (loss) before income taxes 6,944 2,217 1,080 (1,166) 9,075
Provision for (recovery of) income taxes 1,710 412 267 (877) 1,512
Equity in net income of an investment in
associate, net of income taxes – 305 – 15 320
Net income (loss) $ 5,234 $ 2,110 $ 813 $ (274) $ 7,883
Total assets as at October 31
(billions of Canadian dollars) $ 334.6 $ 277.1 $ 302.2 $ 30.8 $ 944.7
2013
Net interest income (loss) $ 8,922 $ 5,173 $ 1,982 $ (3) $ 16,074
Non-interest income (loss) 8,860 2,149 428 (252) 11,185
Provision for (reversal of) credit losses 929 779 26 (103) 1,631
Insurance claims and related expenses 3,056 – – – 3,056
Non-interest expenses 7,754 4,768 1,542 1,005 15,069
Income (loss) before income taxes 6,043 1,775 842 (1,157) 7,503
Provision for (recovery of) income taxes 1,474 269 192 (800) 1,135
Equity in net income of an investment in
associate, net of income taxes – 246 – 26 272
Net income (loss) $ 4,569 $ 1,752 $ 650 $ (331) $ 6,640
Total assets as at October 31
(billions of Canadian dollars) $ 312.1 $ 244.5 $ 269.3 $ 36.1 $ 862.0
2012
Net interest income (loss) $ 8,606 $ 4,663 $ 1,805 $ (48) $ 15,026
Non-interest income (loss) 8,387 1,570 849 (286) 10,520
Provision for (reversal of) credit losses 1,151 779 47 (182) 1,795
Insurance claims and related expenses 2,424 – – – 2,424
Non-interest expenses 7,485 4,246 1,570 715 14,016
Income (loss) before income taxes 5,933 1,208 1,037 (867) 7,311
Provision for (recovery of) income taxes 1,470 92 157 (634) 1,085
Equity in net income of an investment in
associate, net of income taxes – 209 – 25 234
Net income (loss) $ 4,463 $ 1,325 $ 880 $ (208) $ 6,460
Total assets as at October 31
(billions of Canadian dollars) $ 303.8 $ 214.3 $ 260.7 $ 32.3 $ 811.1