TD Bank 2014 Annual Report Download - page 208
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TD BANK GROUP ANNUAL REPORT 2014 FINANCIAL RESULTS206
(millions of Canadian dollars) For the years ended October 31
As at October 31
2014
2014
Income before
Total revenue income taxes Net income Goodwill Total assets
Canada $ 19,642 $ 6,314 $ 5,106 $ 1,540 $ 545,073
United States 8,363 1,579 1,284 12,641 320,130
Other international 1,956 1,182 1,493 52 79,539
Total $ 29,961 $ 9,075 $ 7,883 $ 14,233 $ 944,742
2013
2013
Canada $ 18,013 $ 5,220 $ 4,234 $ 1,592 $ 518,247
United States 7,205 1,023 864 11,694 262,679
Other international 2,041 1,260 1,542 7 81,095
Total $ 27,259 $ 7,503 $ 6,640 $ 13,293 $ 862,021
2012
2012
Canada $ 17,314 $ 5,356 $ 4,293 $ 1,549 $ 498,334
United States 6,101 458 462 10,713 242,058
Other international 2,131 1,497 1,705 49 70,661
Total $ 25,546 $ 7,311 $ 6,460 $ 12,311 $ 811,053
RESULTS BY GEOGRAPHY
For reporting of geographic results, segments are grouped into Canada,
United States and Other international. Transactions are primarily
recorded in the location responsible for recording the revenue or assets.
This loca tion frequently corresponds with the location of the legal
entity through which the business is conducted and the location of
the customer.
INTEREST RATE RISK
NOTE 32
The Bank earns and pays interest on certain assets and liabilities. To
the extent that the assets, liabilities and financial instruments mature
or reprice at different points in time, the Bank is exposed to interest
rate risk. The following table details the balances of interest-rate
sensitive instruments by the earlier of the maturity or repricing date.
Contractual repricing dates may be adjusted according to management’s
estimates for prepayments or early redemptions that are independent
of changes in interest rates. Certain assets and liabilities are shown as
non-rate sensitive although the profile assumed for actual management
may be different. Derivatives are presented in the floating rate cate-
gory. The Bank’s risk management policies and procedures relating to
credit, market, and liquidity risks as required under IFRS 7 are outlined
in the shaded sections of the “Managing Risk” section of the MD&A.