Consolidated Financial Statements

Consolidated Statement of Comprehensive Income

For the Year Ended October 31 (Canadian $ in millions) 2018   2017   2016

(1) Fiscal 2017 and prior years represent available-for-sale securities (Note 1 PDF).

(2) Net of income tax recovery of $69 million, na and na for the year ended, respectively.

(3) Net of income tax (provision) of na, $(21) million and $(64) million for the year ended, respectively.

(4) Net of income tax provision of $23 million, $36 million and $11 million for the year ended, respectively.

(5) Net of income tax (provision) recovery of $432 million, $322 million and $(4) million for the year ended, respectively.

(6) Net of income tax (recovery) of $(121) million, $(21) million and $(6) million for the year ended, respectively.

(7) Net of income tax (provision) recovery of $56 million, $(8) million and $(10) million for the year ended, respectively.

(8) Net of income tax (provision) recovery of $(111) million, $(157) million and $156 million for the year ended, respectively.

(9) Net of income tax recovery of $6 million, $53 million and $55 million for the year ended, respectively.

na – not applicable due to IFRS 9 adoption.

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

Net Income

$ 5,450 $ 5,350 $ 4,631

Other Comprehensive (Loss), net of taxes (Note 22 PDF)

           
Items that may subsequently be reclassified to net income            
Net change in unrealized gains (losses) on fair value through OCI securities (1)            
Unrealized (losses) on fair value through OCI debt securities arising during the year (2)   (251)   na   na
Unrealized gains on available-for-sale securities arising during the year (3)   na   95   151
Reclassification to earnings of (gains) in the year (4)   (65)   (87)   (28)
    (316)   8   123
Net change in unrealized (losses) on cash flow hedges            
(Losses) on derivatives designated as cash flow hedges arising during the year (5)   (1,228)   (839)   (26)
Reclassification to earnings of losses on derivatives designated as cash flow hedges (6)   336   61   10
    (892)   (778)   (16)
Net gains (losses) on translation of net foreign operations            
Unrealized gains (losses) on translation of net foreign operations   417   (885)   213
Unrealized gains (losses) on hedges of net foreign operations (7)   (155)   23   41
    262   (862)   254
Items that will not be reclassified to net income            
Gains (losses) on remeasurement of pension and other employee future benefit plans (8)   261   420   (422)
(Losses) on remeasurement of own credit risk on financial liabilities designated at fair value (Note 1 PDF) (9)   (24)   (148)   (153)
    237   272   (575)

Other Comprehensive (Loss), net of taxes (Note 22 PDF)

  (709)   (1,360)   (214)

Total Comprehensive Income

$ 4,741 $ 3,990 $ 4,417
Attributable to:            
Bank shareholders   4,741   3,988   4,408
Non-controlling interest in subsidiaries     2   9

Total Comprehensive Income

$ 4,741 $ 3,990 $ 4,417