Annual Report 2016

Consolidated Financial Statements

Consolidated Statement of Comprehensive Income

For the Year Ended October 31 (Canadian $ in millions) 2016   2015   2014

(1) Net of income tax (provision) recovery of $(64) million, $63 million and $(22) million for the year ended, respectively.

(2) Net of income tax provision of $11 million, $24 million and $37 million for the year ended, respectively.

(3) Net of income tax (provision) of $(4) million, $(188) million and $(79) million for the year ended, respectively.

(4) Net of income tax provision (recovery) of $(6) million, $14 million and $28 million for the year ended, respectively.

(5) Net of income tax (provision) recovery of $(10) million, $167 million and $144 million for the year ended, respectively.

(6) Net of income tax (provision) recovery of $156 million, $(51) million and $63 million for the year ended, respectively.

(7) Net of income tax (provision) recovery of $55 million and $(43) million for the years ended October 31, 2016 and 2015, respectively.

The accompanying notes are an integral part of these consolidated financial statements.

Net Income

$ 4,631 $ 4,405 $ 4,333

Other Comprehensive Income (Loss)

           
Items that may subsequently be reclassified to net income            
Net change in unrealized gains (losses) on available-for-sale securities            
Unrealized gains (losses) on available-for-sale securities arising during the year (1)   151   (166)   28
Reclassification to earnings of (gains) in the year (2)   (28)   (65)   (77)
    123   (231)   (49)
Net change in unrealized gains (losses) on cash flow hedges            
Gains (losses) on cash flow hedges arising during the year (3)   (26)   528   247
Reclassification to earnings of (gains) losses on cash flow hedges (4)   10   (57)   (98)
    (16)   471   149
Net gains on translation of net foreign operations            
Unrealized gains on translation of net foreign operations   213   3,187   1,378
Unrealized gains (losses) on hedges of net foreign operations (5)   41   (482)   (415)
    254   2,705   963
Items that will not be reclassified to net income            
Gains (losses) on remeasurement of pension and other employee future benefit plans (6)   (422)   200   (125)
Gains (losses) on remeasurement of own credit risk on financial liabilities designated at fair value (Note 1 PDF) (7)   (153)   120  
    (575)   320   (125)

Other Comprehensive Income (Loss)

  (214)   3,265   938

Total Comprehensive Income

$ 4,417 $ 7,670 $ 5,271
Attributable to:            
Bank shareholders   4,408   7,635   5,215
Non-controlling interest in subsidiaries   9   35   56

Total Comprehensive Income

$ 4,417 $ 7,670 $ 5,271
 

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