TD Bank 2014 Annual Report Download - page 220

TD BANK GROUP ANNUAL REPORT 2014 TEN-YEAR STATISTICAL REVIEW218
Ten-year Statistical Review – IFRS1,2
Reconciliation of Non-GAAP Financial Measures
(millions of Canadian dollars) 2014 2013 2012 2011
Net income available to common shareholders – reported $ 7,633 $ 6,350 $ 6,160 $ 5,761
Adjustments for items of note, net of income taxes
Amortization of intangibles 246 232 238 391
Integration charges and direct transaction costs relating to the acquisition
of the credit card portfolio of MBNA Canada 125 92 104 –
Fair value of derivatives hedging the reclassified available-for-sale
securities portfolio (43) (57) 89 (128)
Set-up, conversion and other one-time costs related to affinity relationship
with Aimia and acquisition of Aeroplan Visa credit card accounts 131 20 – –
Impact of Alberta flood on the loan portfolio (19) 19 – –
Gain on sale of TD Waterhouse Institutional Services (196) – – –
Litigation and litigation-related charge/reserve – 100 248 –
Restructuring charges – 90 – –
Impact of Superstorm Sandy – – 37 –
Integration charges, direct transaction costs, and changes in fair value of
contingent consideration relating to the Chrysler Financial acquisition – – 17 55
Reduction of allowance for incurred but not identified credit losses – – (120) –
Positive impact due to changes in statutory income tax rates – – (18) –
Integration charges and direct transaction costs relating to U.S. Retail acquisitions – – 9 82
Fair value of credit default swaps hedging the corporate loan book,
net of provision for credit losses – – – (13)
Total adjustments for items of note 244 496 604 387
Net income available to common shareholders – adjusted $ 7,877 $ 6,846 $ 6,764 $ 6,148
Condensed Consolidated Statement of Changes in Equity
(millions of Canadian dollars) 2014 2013 2012 2011
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
Total $ 54,682 $ 49,875 $ 46,628 $ 42,521
Non-controlling interests in subsidiaries 1,549 1,508 1,477 1,483
Total equity $ 56,231 $ 51,383 $ 48,105 $ 44,004
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 account-
ing 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 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.