Bank of Nova Scotia : CONSOLIDATED CAPITALIZATION OF THE BANK - Form 6-K
May 28, 2024 at 12:45 pm
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CONSOLIDATED CAPITALIZATION OF THE BANK
The following table sets forth the consolidated capitalization of The Bank of Nova Scotia (the "Bank") as at April 30, 2024:
As at
April 30, 2024
(in millions of
Canadian dollars)
Subordinated Debentures
8,129
Equity
Common Equity
Common Shares
21,066
Retained Earnings
57,081
Accumulated Other Comprehensive Income
(7,502
)
Other Reserves
(68
)
Total Common Equity
70,577
Preferred Shares and Other Equity Instruments
8,779
Total Equity Attributable to Equity Holders of the Bank
79,356
Non-controlling Interests
Non-controlling Interests in Subsidiaries
1,719
Total Equity
81,075
Total Capitalization
89,204
CONSOLIDATED EARNINGS RATIOS
The following table provides the Bank's consolidated ratios of earnings to fixed charges, based upon financial information calculated in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) for the six months period ended April 30, 2024 and for each of the years in the five year period ended October 31, 2023.
Six Months
Ended
April 30,
October 31,
2024
2023
2022
2021
2020
2019
Consolidated Ratios of Earnings to Fixed Charges
Excluding interest on deposits
4.48
4.27
5.78
9.00
5.91
6.61
Including interest on deposits
1.25
1.25
1.82
2.56
1.66
1.67
Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
Excluding interest on deposits
3.76
3.60
5.14
7.55
5.16
5.88
Including interest on deposits
1.23
1.23
1.78
2.46
1.63
1.65
For purposes of computing these ratios:
•
earnings represent income from continuing operations plus income taxes and fixed charges (excluding capitalized interest and net income from investments in associated corporations);
•
fixed charges, excluding interest on deposits, represent interest (including capitalized interest), estimated interest within rent, and amortization of debt issuance costs;
•
fixed charges, including interest on deposits, represent all interest; and
•
preferred dividends include dividends from preferred shares and other equity instruments.
•
On November 1, 2023, the Bank adopted IFRS 17 Insurance Contracts, which replaces IFRS 4, the previous accounting standard for insurance contracts. The Bank adopted IFRS 17 on a retrospective basis, restating the results from the transition date of November 1, 2022. Accordingly, results for fiscal 2023 have been restated to reflect the IFRS 17 basis of accounting for insurance contracts. Results for periods prior to November 1, 2022 continue to be presented under the IFRS 4 basis of accounting and have not been restated.
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28 May 2024 and is solely responsible for the information contained therein. Distributed by
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The Bank of Nova Scotia is a bank in the Americas. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Its segments include Canadian Banking, International Banking, Global Wealth Management and Global Banking and Markets. The Canadian Banking segment provides a full suite of financial advice and banking solutions to retail, small business and commercial banking customers. The International Banking segment is a diverse franchise with Retail, Corporate, and Commercial customers. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across its footprint. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets.