TD Bank 2014 Annual Report Download - page 219

TD BANK GROUP ANNUAL REPORT 2014 TEN-YEAR STATISTICAL REVIEW 217
Ten-year Statistical Review – IFRS1,2
Condensed Consolidated Balance Sheet
(millions of Canadian dollars) 2014 2013 2012 2011
ASSETS
Cash resources and other $ 46,554 $ 32,164 $ 25,128 $ 24,112
Trading loans, securities, and other3 168,926 188,016 199,280 171,109
Derivatives 55,363 49,461 60,919 59,845
Held-to-maturity securities 56,977 29,961 – –
Securities purchased under reverse repurchase agreements 75,031 64,283 69,198 56,981
Loans, net of allowance for loan losses 478,909 444,922 408,848 377,187
Other 62,982 53,214 47,680 46,259
Total assets 944,742 862,021 811,053 735,493
LIABILITIES
Trading deposits 59,334 50,967 38,774 29,613
Derivatives 50,776 49,471 64,997 61,715
Deposits 600,716 541,605 487,754 449,428
Other 169,900 160,613 160,105 139,190
Subordinated notes and debentures 7,785 7,982 11,318 11,543
Total liabilities 888,511 810,638 762,948 691,489
EQUITY
Common shares 19,811 19,316 18,691 17,491
Preferred shares 2,200 3,395 3,395 3,395
Treasury shares (55) (147) (167) (116)
Contributed surplus 205 170 196 212
Retained earnings 27,585 23,982 20,868 18,213
Accumulated other comprehensive income (loss) 4,936 3,159 3,645 3,326
54,682 49,875 46,628 42,521
Non-controlling interest in subsidiaries 1,549 1,508 1,477 1,483
Total equity 56,231 51,383 48,105 44,004
Total liabilities and equity $ 944,742 $ 862,021 $ 811,053 $ 735,493
Condensed Consolidated Statement of Income – Reported
(millions of Canadian dollars) 2014 2013 2012 2011
Net interest income $ 17,584 $ 16,074 $ 15,026 $ 13,661
Non-interest income 12,377 11,185 10,520 10,179
Total revenue 29,961 27,259 25,546 23,840
Provision for credit losses 1,557 1,631 1,795 1,490
Insurance claims and related expenses 2,833 3,056 2,424 2,178
Non-interest expenses 16,496 15,069 14,016 13,047
Income before income taxes and equity in net income
of an investment in associate 9,075 7,503 7,311 7,125
Provision for (recovery of) income taxes 1,512 1,135 1,085 1,326
Equity in net income of an investment in associate,
net of income taxes 320 272 234 246
Net income 7,883 6,640 6,460 6,045
Preferred dividends 143 185 196 180
Net income available to common shareholders and
non-controlling interests in subsidiaries $ 7,740 $ 6,455 $ 6,264 $ 5,865
Attributable to:
Non-controlling interests in subsidiaries $ 107 $ 105 $ 104 $ 104
Common shareholders 7,633 6,350 6,160 5,761
Condensed Consolidated Statement of Income – Adjusted
(millions of Canadian dollars) 2014 2013 2012 2011
Net interest income $ 17,584 $ 16,074 $ 15,062 $ 13,661
Non-interest income 12,097 11,114 10,615 10,052
Total revenue 29,681 27,188 25,677 23,713
Provision for credit losses 1,582 1,606 1,903 1,490
Insurance claims and related expenses 2,833 3,056 2,424 2,178
Non-interest expenses 15,863 14,390 13,180 12,373
Income before income taxes and equity in net income
of an investment in associate 9,403 8,136 8,170 7,672
Provision for (recovery of) income taxes 1,649 1,326 1,397 1,545
Equity in net income of an investment in associate,
net of income taxes 373 326 291 305
Net income 8,127 7,136 7,064 6,432
Preferred dividends 143 185 196 180
Net income available to common shareholders and
non-controlling interests in subsidiaries $ 7,984 $ 6,951 $ 6,868 $ 6,252
Attributable to:
Non-controlling interests in subsidiaries $ 107 $ 105 $ 104 $ 104
Common shareholders 7,877 6,846 6,764 6,148
1
The Bank prepares its Consolidated Financial Statements in accordance with
International Financial Reporting Standards (IFRS), as issued by the International
Accounting Standards Board (IASB), the current generally accepted accounting
principles (GAAP), and refers to results prepared in accordance with IFRS as
“reported” results. Adjusted results (excluding “items of note”, net of income
taxes, from reported results) and related terms are not defined terms under GAAP
and therefore, may not be comparable to similar terms used by other issuers.
For further explanation, see “How the Bank Reports” in the 2014 Management’s
Discussion and Analysis (MD&A).
2
Certain comparative amounts have been restated as a result of the adoption of
new and amended IFRS standards and the impact of the January 31, 2014 stock
dividend, as discussed in Note 4 and Note 21, respectively, of the 2014 Consoli-
dated Financial Statements, and restatements to conform with the presentation
adopted in the current period.
3
Includes available-for-sale securities and financial assets designated at fair value
through profit or loss.