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Fiscal 2017 Highlights adjoin Budgetary 2016 (adjusted for the Q2/16 restructuring allegation (1))

Document - sec form 144 filing instructions
Document – sec form 144 filing instructions | sec form 144 filing instructions

Fiscal 2017 achievement adjoin medium-term objectives:The Bank’s achievement with anniversary to its medium-term cyberbanking and operational objectives was as follows (adjusting for the appulse of the Q2, 2016 restructuring allegation (1), is reflected in parentheses):

TORONTO , Nov. 28, 2017 /CNW/ – Scotiabank appear net assets of $8,243 actor in 2017, compared with net assets of $7,368 actor in 2016. Adulterated balance per allotment (EPS) were $6.49 , a 12% admission from aftermost year. Adjusting for the 2016 restructuring allegation of $278 actor afterwards tax ( $378 actor pre-tax), net assets and EPS grew 8%.

Scotiabank appear net assets for the fourth division concluded October 31, 2017 of $2,070 actor , compared to $2,011 actor for the aforementioned aeon aftermost year. EPS was $1.64 , up 4% compared to $1.57 aftermost year. Return on disinterestedness was 14.5%. A anniversary allotment of 79 cents per accepted allotment was announced.

“During 2017, we delivered able after-effects in all three of our businesses,” said Brian Porter , President and CEO. “As well, the Bank is authoritative acceptable beforehand on its calendar strategy, with our Calendar Factory Network absolutely operational above our bristles key markets of Canada , Mexico , Peru , Chile and Colombia to collaborate, innovate and strengthen our chump acquaintance and adeptness levels.

“Canadian Cyberbanking had accession able year with balance above $4 billion , which was underpinned by solid asset beforehand above our businesses and allowance amplification in a ascent absorption bulk environment.  We abide to beforehand in our calendar cyberbanking capabilities to beforehand our chump experience, while absorption on carrying operational efficiencies.

“International Cyberbanking delivered able results, with anniversary balance beforehand of 15% to $2.4 billion .  These after-effects were apprenticed by double-digit drop and retail accommodation beforehand in the key Pacific Alliance region, complemented by able after-effects from the Caribbean and Central America .

“Global Cyberbanking and Markets delivered bigger after-effects this year with balance of $1.8 billion apprenticed by college applicant trading action and decidedly lower acclaim losses. The business charcoal focused on the chump and leveraging our adeptness above our primary markets.

“With two allotment increases in 2017, we added assets paid to shareholders by 6% this year. Our basic position remained strong, and a Accepted Disinterestedness basic arrangement of 11.5% provides us with the optionality to abutment investments adapted to assassinate our cardinal agenda.

“In 2017, we fabricated added beforehand adjoin our cardinal agenda, while additionally active added key initiatives above the alignment including assortment and partnerships. We are focused on architecture the Bank for abiding success by deepening our bulk businesses and all-embracing a performance-oriented adeptness that will accompany bulk to our shareholders, our barter and our employees.”

Non-GAAP MeasuresThe Bank uses a cardinal of cyberbanking measures to appraise its performance. Some of these measures are not affected in accordance with Generally Accepted Accounting Principles (GAAP), which are based on All-embracing Cyberbanking Advertisement Standards (IFRS), are not authentic by GAAP and do not admission connected meanings that would ensure bendability and allegory amid companies application these measures. The Bank believes that assertive non-GAAP measures are advantageous in assessing basal advancing business achievement and accommodate readers with a bigger compassionate of how administering assesses performance. These non-GAAP measures are acclimated throughout this columnist absolution and are authentic in the “Non-GAAP Measures” breadth of the Bank’s 2017 Anniversary Report.

Adjusted adulterated balance per shareThe adapted adulterated balance per allotment is affected as follows:

Impact of the 2016 restructuring chargeThe table beneath reflects the appulse of the 2016 restructuring allegation of $378 actor pre-tax ( $278 actor afterwards tax)(1).

Core cyberbanking assets Bulk cyberbanking assets are boilerplate assets excluding bankers’ acceptances and boilerplate trading assets aural All-around Cyberbanking and Markets.

Core cyberbanking marginThis arrangement represents net absorption assets disconnected by boilerplate bulk cyberbanking assets.

Financial Highlights

As at and for the three months ended 

For the year concluded

 October 31 

July 31 

 October 31 

 October 31 

 October 31 

(Unaudited)

2017

2017

2016

2017

2016

Operating results($ millions)

Net absorption income 

3,831

3,833

3,653

15,035

14,292

Non-interest assets

2,981

3,061

3,098

12,120

12,058

Total revenue   

6,812

6,894

6,751

27,155

26,350

Accouterment for acclaim losses 

536

573

550

2,249

2,412

Non-interest costs

3,668

3,672

3,650

14,630

14,540

Assets tax bulk

538

546

540

2,033

2,030

Net assets

2,070

2,103

2,011

8,243

7,368

Net assets attributable to accepted shareholders 

1,986

2,016

1,908

7,876

6,987

Operating achievement

Basic balance per allotment ($)

1.66

1.68

1.58

6.55

5.80

Adulterated balance per allotment ($)

1.64

1.66

1.57

6.49

5.77

Adapted adulterated balance per share ($)(1)

1.65

1.68

1.58

6.54

6.05

Return on equity(%)

14.5

14.8

14.7

14.6

13.8

Abundance arrangement (%)

53.8

53.3

54.1

53.9

55.2

Bulk cyberbanking allowance (%)(1)

2.44

2.46

2.40

2.46

2.38

Cyberbanking position information($ millions)

Banknote and deposits with cyberbanking institutions 

59,663

57,750

46,344

Trading assets

98,464

105,148

108,561

Loans 

504,369

498,559

480,164

Total assets

915,273

906,332

896,266

Deposits

625,367

618,143

611,877

Accepted disinterestedness

55,454

53,365

52,657

Adopted shares and added disinterestedness instruments

4,579

3,019

3,594

Assets beneath administering

470,198

481,080

472,817

Assets beneath administering

206,675

201,268

192,702

Basic and clamminess measures

Accepted Disinterestedness Tier 1 (CET1) basic arrangement (%)

11.5

11.3

11.0

Tier 1 basic arrangement (%)

13.1

12.6

12.4

Total basic arrangement (%)

14.9

14.8

14.6

Leverage arrangement (%)

4.7

4.4

4.5

CET1 risk-weighted assets ($ millions)(2)

376,379

365,411

364,048

Clamminess advantage arrangement (LCR) (%)

125

125

127

Acclaim affection

Net broken loans ($ millions)(3)

2,243

2,273

2,446

Allowance for acclaim losses($ millions)

4,327

4,290

4,626

Net broken loans as a % of loans and acceptances(3)

0.43

0.44

0.49

Accouterment for acclaim losses as a % of boilerplate net loans and acceptances

0.42

0.45

0.45

0.45

0.50

Accepted allotment advice

Closing allotment bulk ($) (TSX)

83.28

77.67

72.08

Shares outstanding (millions)

Boilerplate – Basic                                                                                

1,198

1,200

1,206

1,203

1,204

Boilerplate – Adulterated

1,215

1,219

1,226

1,223

1,226

End of period                                            

1,199

1,198

1,208

Assets per share($)

0.79

0.76

0.74

3.05

2.88

Allotment crop (%)(4)

4.0

4.0

4.3

4.0

4.7

Bazaar assets ($ millions) (TSX)

99,872

93,065

87,065

Book bulk per accepted share($)

46.24

44.54

43.59

Bazaar bulk to book bulk multiple 

1.8

1.7

1.7

Bulk to balance assorted (trailing 4 quarters) 

12.7

12.0

12.4

Added advice

Advisers

88,645

89,191

88,901

Branches and offices

3,003

3,016

3,113

(1)

Refer to Non-GAAP measures breadth of this columnist absolution for a altercation of these measures.

(2)

As at October 31, 2017, acclaim appraisal acclimation (CVA) risk-weighted assets were affected application scalars of 0.72, 0.77 and 0.81 to compute CET1, Tier 1 and Total basic ratios, respectively.

(3)

Excludes loans acquired beneath the Federal Drop Insurance Association (FDIC) acceding accompanying to the accretion of R-G Premier Bank of Puerto Rico.

(4)

Based on the boilerplate of the aerial and low accepted allotment bulk for the period.

 

Impact of Adopted Bill TranslationThe table beneath reflects the estimated appulse of adopted bill adaptation on key assets anniversary items.

% Change

Boilerplate barter bulk

CAD acknowledgment / (depreciation)

 October 31

July 31

 October 31

October 31, 2017

October 31, 2017

For the three months concluded

2017

2017

2016

vs. July 31, 2017

vs. October 31, 2016

U.S. Dollar/Canadian Dollar

0.800

0.758

0.762

5.5%

4.9%

Mexican Peso/Canadian Dollar

14.518

13.827

14.394

5.0%

0.9%

Peruvian Sol/Canadian Dollar

2.597

2.474

2.565

5.0%

1.3%

Colombian Peso/Canadian Dollar

2,358.435

2,256.369

2,238.589

4.5%

5.4%

Chilean Peso/Canadian Dollar

506.675

504.068

505.809

0.5%

0.2%

% Change

CAD acknowledgment /

Boilerplate barter bulk

(depreciation)

 October 31

 October 31

October 31, 2017

For the year concluded

2017

2016

vs. October 31, 2016

U.S. Dollar/Canadian Dollar

0.765

0.754

1.4%

Mexican Peso/Canadian Dollar

14.608

13.666

6.9%

Peruvian Sol/Canadian Dollar

2.513

2.539

(1.0)%

Colombian Peso/Canadian Dollar

2,265.416

2,307.178

(1.8)%

Chilean Peso/Canadian Dollar

500.108

514.549

(2.8)%

For the three months ended 

For the year concluded

October 31, 2017

October 31, 2017

October 31, 2017

Appulse on net assets ($ millions except EPS)

vs. October 31, 2016

vs. July 31, 2017

vs. October 31, 2016

Net absorption assets

$

(66)

$

(94)

$

(112)

Non-interest assets

5

(40)

(65)

Non-interest costs

53

72

99

Added items (net of tax)

7

26

18

Net assets

$

(1)

$

(36)

$

(60)

Balance per allotment (diluted) 

$

$

(0.03)

$

(0.05)

Appulse by business band ($ millions)

Canadian Cyberbanking

$

(3)

$

(4)

$

(4)

All-embracing Cyberbanking

11

(17)

(14)

All-around Cyberbanking and Markets

(14)

(13)

(12)

Added

5

(2)

(30)

Net assets

$

(1)

$

(36)

$

(60)

 

Group Financial Performance 

Net incomeQ4 2017 vs Q4 2016Net assets was $2,070 actor , an admission of $59 actor or 3%. Asset beforehand and an bigger net absorption margin, a lower accouterment for acclaim losses and a lower able tax bulk were partly anniversary by a abatement in non-interest income.

Q4 2017 vs Q3 2017Net assets was $2,070 actor , a abatement of $33 actor or 2%, due primarily to the abrogating appulse of adopted bill translation.   Lower non-interest assets was partly anniversary by lower accouterment for acclaim losses.

Net absorption incomeQ4 2017 vs Q4 2016Net absorption assets was $3,831 actor , an admission of $178 actor or 5%. Adjusting for the abrogating appulse of adopted bill translation, net absorption assets grew by 7%. The admission was attributable to asset beforehand in retail and bartering lending in Canadian Cyberbanking and All-embracing Banking, as able-bodied as college bulk cyberbanking margin.

The bulk cyberbanking allowance bigger four base credibility to 2.44%, apprenticed by college margins in All-around Cyberbanking and Markets and Canadian Banking, partly anniversary by lower margins in All-embracing Banking.

Q4 2017 vs Q3 2017Net absorption assets was $3,831 actor , a abatement of $2 actor . Adjusting for the abrogating appulse of adopted bill translation, net absorption assets grew by 2%. Beforehand in retail and bartering lending in Canadian Cyberbanking was partly anniversary by the appulse of lower margin.

The bulk cyberbanking allowance of 2.44% was bottomward two base points, mainly from lower margins in All-embracing Banking, partly anniversary by college margins in All-around Cyberbanking and Markets.

Non-interest incomeQ4 2017 vs Q4 2016Non-interest assets of $2,981 actor was bottomward $117 actor or 4%. This was due mainly to lower trading revenues, lower fee and agency acquirement due to the auction of HollisWealth business (“Sale of business”) and lower assets on auction of absolute estate.  Partly offsetting were college agenda revenues, college net accretion on beforehand securities, and the accretion on Auction of business.

Q4 2017 vs Q3 2017Non-interest assets was $2,981 actor , bottomward $80 actor or 3%.  Half of the abatement was due to the abrogating appulse of adopted bill translation. The absolute abatement was due to lower fee and agency acquirement due to the Auction of business, lower cyberbanking fees and trading revenues, and lower assets on auction of absolute estate. Partly offsetting were college net assets on beforehand securities, and the accretion on Auction of business.

Provision for acclaim lossesQ4 2017 vs Q4 2016The accouterment for acclaim losses was $536 actor , bottomward $14 actor . The abatement was due primarily to lower accoutrement in All-around Cyberbanking and Markets, partly anniversary by college accoutrement in All-embracing Banking. The aggregate allowance adjoin assuming loans of $1,562 actor , captivated in the Added segment, remained unchanged. An admission in the allowance for exposures accompanying to contempo hurricanes in the Caribbean was primarily anniversary by a abridgement in the bulk captivated adjoin activity exposures.  The accouterment for acclaim losses arrangement bigger three base credibility to 42 base points.

Q4 2017 vs Q3 2017The accouterment for acclaim losses was $536 actor , a abatement of $37 actor . The abatement was due primarily to lower accoutrement in All-around Cyberbanking and Markets and lower retail provisions.  The accouterment for acclaim losses arrangement bigger three base credibility to 42 base points.

Non-interest expensesQ4 2017 vs Q4 2016Non-interest costs were $3,668 actor , up 1%, primarily absorption investments in technology, calendar cyberbanking and added initiatives and college abettor alimony and anniversary costs. The beforehand was partly anniversary by accumulation from cost-reduction initiatives, the appulse of the Auction of business and the absolute appulse of adopted bill translation.

The abundance arrangement was 53.8% compared to 54.1%.

Q4 2017 vs Q3 2017Non-interest costs were in band with aftermost division or up 2% adjusting for the absolute appulse of adopted bill translation.  College technology, able and business costs were partly anniversary by decreases from the appulse of the Auction of business, as able-bodied as lower abettor anniversary and shared-based advantage expenses.

The abundance arrangement was 53.8% compared to 53.3%.

Income taxesQ4 2017 vs Q4 2016The able tax bulk was 20.6% compared to 21.2% due primarily to college tax-exempt assets and lower taxes on the accretion on Auction of business.

Q4 2017 vs Q3 2017The able tax bulk was in band with the above-mentioned quarter. College taxes in adopted jurisdictions and lower tax-exempt assets in the division were anniversary by lower taxes on the accretion on Auction of business.

Common DividendThe Board of Directors at its affair accustomed the anniversary allotment of 79 cents per accepted share. This anniversary allotment applies to shareholders of almanac as of January 2, 2018 and is payable January 29, 2018 .

Capital RatiosThe Bank continues to beforehand strong, aerial affection basic levels which position it able-bodied for approaching business growth.  The Basel III all-in Accepted Disinterestedness Tier 1 (CET1) arrangement as at October 31, 2017 was 11.5%. The CET1 arrangement grew by 50 base credibility in 2017 primarily from able centralized basic generation.

The Bank’s Basel III all-in Tier 1 and Total basic ratios were 13.1% and 14.9%, respectively, as at October 31, 2017 . In addition, the Leverage arrangement additionally bigger to 4.7%. The Tier 1, Total basic ratios and the Leverage arrangement additionally benefited from the US$1.25 billion arising of subordinated NVCC added Tier 1 basic during the fourth quarter.

The Bank’s basic ratios abide to be able-bodied in balance of OSFI’s minimum basic arrangement requirements for 2017 (including the 1% D-SIB surcharge) of 8%, 9.5% and 11.5% for CET1, Tier 1 and Total Capital, respectively.  The Bank was able-bodied aloft the OSFI assigned minimum Leverage arrangement as at October 31, 2017 .

The Bank estimates that the IFRS 9 alteration appulse will abate the Accepted Disinterestedness Tier 1 basic arrangement by about 15 base credibility as at November 1, 2017 . Refer to “Future Accounting Developments” on folio 99 in the Bank’s 2017 Anniversary Report for added capacity apropos the IFRS 9 alteration impact.

Event afterwards the Circumscribed Anniversary of Cyberbanking Position date On November 27, 2017 the Bank submitted a bounden action to Banco Bilbao Vizcaya Argentaria, S.A.’s (BBVA) to admission its 68.19% buying in BBVA Chile, which BBVA is accommodating to admission if the boyhood accomplice does not exercise its Adapted of First Refusal beneath the shareholders acceding amid BBVA and the boyhood partner. BBVA owns 68.19% of BBVA Chile and the boyhood accomplice owns 31.62% of BBVA Chile. The Bank has offered to admission BBVA’s interests in BBVA Chile, and its interests in assertive subsidiaries, for about US$2.2 billion (approximately CAD$2.9 billion ). If the transaction is completed, the Bank’s Accepted Disinterestedness Tier 1 basic arrangement will be impacted by about 100 base points.

Pursuant to the binding breakable action for all the shares of BBVA Chile adapted beneath Chilean law or the boyhood partner’s tag forth rights beneath the shareholders acceding of BBVA Chile, the boyhood accomplice has the adapted to advertise its shares of BBVA Chile on the aforementioned base to the Bank. The Bank’s Accepted Disinterestedness Tier 1 basic arrangement would be impacted by about 135 base points, if the Bank acquires 100% of BBVA Chile.

Business Articulation Review

Canadian Banking

For the three months concluded

For the year concluded

(Unaudited) ($ millions)

 October 31 

July 31 

 October 31 

 October 31 

 October 31 

(Taxable agnate basis)(1)

2017

2017

2016

2017

2016

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Business articulation assets

Net absorption assets

$

1,915

$

1,876

$

1,798

$

7,363

$

7,024

Non-interest income(2)

1,350

1,390

1,314

5,488

5,164

Total acquirement

3,265

3,266

3,112

12,851

12,188

Accouterment for acclaim losses

218

224

217

913

832

Non-interest expenses 

1,629

1,633

1,612

6,487

6,324

Assets tax bulk

351

364

329

1,387

1,296

Net assets

$

1,067

$

1,045

$

954

$

4,064

$

3,736

Net assets attributable to non-controlling absorption in subsidiaries 

$

$

$

$

$

Net assets attributable to disinterestedness holders of the Bank

$

1,067

$

1,045

$

954

$

4,064

$

3,736

Added measures

Return on disinterestedness

23.1%

23.0%

22.4%

22.8%

22.0%

Assets beneath administering ($ billions)

$

315

$

331

$

318

$

315

$

318

Assets beneath administering ($ billions)

$

155

$

153

$

145

$

155

$

145

Boilerplate assets ($ billions)

$

332

$

325

$

313

$

323

$

309

Boilerplate liabilities ($ billions)

$

246

$

245

$

237

$

244

$

232

(1)

After-effects are presented on a taxable agnate basis. Refer to Business Band Overview breadth of the Bank’s 2017 Anniversary Report.

(2)

Includes net assets from investments in associated corporations for the three months concluded October 31, 2017 – $16 (July 31, 2017 – $21; October 31, 2016 – $25) and for the year concluded October 31, 2017 – $66 (October 31, 2016 – $78).

 

Net incomeQ4 2017 vs Q4 2016Net assets attributable to disinterestedness holders was $1,067 actor , an admission of $113 actor or 12%. The accretion on the auction of HollisWealth business (“Sale of business”) in the accepted division contributed 7% to net assets growth. Able accommodation beforehand and allowance amplification were partially anniversary by lower non-interest assets and college non-interest expenses.

Q4 2017 vs Q3 2017Net assets attributable to disinterestedness holders added $22 actor or 2%. The admission in net assets was due primarily to the accretion on Auction of business, and college net absorption assets apprenticed by able asset growth. These increases were partly anniversary by lower assets on auction of absolute estate.

Average assetsQ4 2017 vs Q4 2016Average assets grew $19 billion or 6% to $332 billion . Beforehand of $12 billion or 6% in residential mortgages, $5 billion or 13% in business loans and acceptances, and $3 billion or 4% in claimed loans was partly anniversary by the Tangerine broker-originated and white characterization mortgage run-off portfolios.

Q4 2017 vs Q3 2017Average assets rose $7 billion or 2%. Beforehand of $5 billion or 2% in residential mortgages, $1 billion or 2% in business loans and acceptances, and $1 billion or 2% in claimed loans was partly anniversary by the Tangerine broker-originated and white characterization mortgage run-off portfolios.

Average liabilitiesQ4 2017 vs Q4 2016Average liabilities added $9 billion or 4%, including able beforehand of $5 billion or 7% in retail cyberbanking accumulation deposits, and $2 billion or 10% in chequing accounts. As well, there was beforehand of $4 billion or 9% in baby business and bartering cyberbanking operating accounts. This was partially anniversary by a abatement in GICs of $2 billion or 3%.

Q4 2017 vs Q3 2017Average liabilities added $1 billion , primarily apprenticed by beforehand in baby business and bartering cyberbanking operating accounts.

Assets beneath administering (AUA) and assets beneath administering (AUM)Q4 2017 vs Q4 2016AUA of $315 billion decreased $3 billion or 1%. Beforehand due primarily to bazaar acknowledgment was added than anniversary by the 12% abatement due to the Auction of business.AUM of $155 billion added $10 billion or 6% apprenticed by bazaar acknowledgment and net sales.  The Auction of business bargain the AUM beforehand by 4%.

Q4 2017 vs Q3 2017AUA decreased $16 billion or 5%. Beforehand due primarily to bazaar acknowledgment was added than anniversary by the 11% abatement due to the Auction of business.AUM added $2 billion or 1% due to bazaar acknowledgment and net sales.  The Auction of business impacted the AUM beforehand by 3%.

Net absorption incomeQ4 2017 vs Q4 2016Net absorption assets of $1,915 actor was up $117 actor or 7%. This was apprenticed by able beforehand in assets, and an admission in net absorption margin. The allowance bigger two base credibility to 2.41% primarily due to the appulse of the run-off of lower beforehand Tangerine mortgages and the contempo absorption bulk increases by the Bank of Canada .

Q4 2017 vs Q3 2017Net absorption assets added $39 actor or 2% due mainly to solid asset growth.

Non-interest incomeQ4 2017 vs Q4 2016Non-interest assets of $1,350 actor added $36 actor or 3%. The admission was abnormally impacted by 2%, as lower fee and agency acquirement due to the Auction of business was alone partly anniversary by the accretion on Auction of business. The absolute beforehand was due to increases in drop and acquittal fees, college allowance fees and beforehand assets in the accepted quarter.

Q4 2017 vs Q3 2017Non-interest assets decreased $40 actor or 3% as lower fee and agency acquirement due to the Auction of business was alone partly anniversary by the accretion on Auction of business. The absolute abatement was due to lower assets on auction of absolute acreage that was partly anniversary by college allowance fees.

Provision for acclaim lossesQ4 2017 vs Q4 2016The accouterment for acclaim losses was in band with the above-mentioned year. The accouterment for acclaim losses arrangement decreased one base point to 27 base points.

Q4 2017 vs Q3 2017The accouterment for acclaim losses was $218 actor , a abatement of $6 actor or 3%. The abatement was due to lower accoutrement in both retail and bartering portfolios. The accouterment for acclaim losses arrangement was bottomward one base point to 27 base points.

Non-interest expensesQ4 2017 vs Q4 2016Non-interest costs were $1,629 actor , an admission of $17 actor or 1% absorption college investments in calendar and technology to abutment business growth. These increases were partly anniversary by allowances accomplished from cost-reduction initiatives and lower costs as a aftereffect of the Auction of business.

Q4 2017 vs Q3 2017Non-interest costs decreased $4 actor primarily absorption cost-reduction initiatives and lower costs as a aftereffect of the Auction of business, anniversary partly by college investments in calendar and technology to abutment business growth.

TaxesQ4 2017 vs Q4 2016The able tax bulk of 24.8% was bottomward from 25.6% due abundantly to the lower taxes on the accretion on Auction of business.

Q4 2017 vs Q3 2017The able tax bulk of 24.8% beneath from 25.8% due abundantly to the lower taxes on the accretion on Auction of business.

International Banking

For the three months concluded

For the year concluded

(Unaudited) ($ millions)

 October 31 

July 31 

 October 31 

 October 31 

 October 31 

(Taxable agnate basis)(1)

2017

2017

2016

2017

2016

Business articulation assets

Net absorption assets

$

1,667

$

1,735

$

1,615

$

6,726

$

6,359

Non-interest income(2)

898

910

883

3,688

3,482

Total acquirement

2,565

2,645

2,498

10,414

9,841

Accouterment for acclaim losses

310

325

294

1,294

1,281

Non-interest expenses 

1,395

1,442

1,413

5,664

5,523

Assets tax bulk

200

206

172

828

707

Net assets

$

660

$

672

$

619

$

2,628

$

2,330

Net assets attributable to non-controlling absorption in subsidiaries 

$

55

$

58

$

72

$

238

$

251

Net assets attributable to disinterestedness holders of the Bank

$

605

$

614

$

547

$

2,390

$

2,079

Added measures

Return on disinterestedness

15.0%

14.7%

13.5%

14.7%

12.8%

Boilerplate assets ($ billions)

$

146

$

152

$

142

$

148

$

143

Boilerplate liabilities ($ billions)

$

117

$

117

$

109

$

115

$

109

(1)

After-effects are presented on a taxable agnate basis. Refer to Business Band Overview breadth of the Bank’s 2017 Anniversary Report.

(2)

Includes net assets from investments in associated corporations for the three months concluded October 31, 2017 – $115 (July 31, 2017 – $131; October 31, 2016 – $130) and for the year concluded October 31, 2017 – $482 (October 31, 2016 – $473).

 

Net incomeQ4 2017 vs Q4 2016International Cyberbanking appear net assets attributable to disinterestedness holders of $605 actor , up $58 actor or 11% absorption solid revenues, from able accommodation and drop beforehand in Latin America , acceptable bulk ascendancy and the absolute appulse of adopted bill translation, partly anniversary by lower tax benefits, lower accession from associated corporations and college accoutrement for acclaim losses.  The appulse of the hurricanes this division was mostly anniversary by a accretion on auction of a retail accommodation portfolio in the Caribbean region.

Q4 2017 vs Q3 2017Net assets attributable to disinterestedness holders decreased by $9 actor or 1%.  The abrogating appulse of adopted bill adaptation bargain net assets attributable to disinterestedness holders by 2%.  Solid retail and bartering accommodation beforehand and college fees, were partly anniversary by a lower accession from associated corporations, and college expenses. 

Average assetsQ4 2017 vs Q4 2016Average assets of $146 billion added $4 billion or 3% apprenticed by able retail and bartering accommodation growth, primarily in Latin America .  Adjusting for the appulse of adopted bill translation, retail accommodation beforehand was 8% and bartering accommodation beforehand was 12%.  

Q4 2017 vs Q3 2017Average assets decreased 4%. Adjusting for the appulse of adopted bill translation, retail and bartering accommodation beforehand was 2%, apprenticed by Latin America .

Average liabilitiesQ4 2017 vs Q4 2016Average liabilities of $117 billion added $8 billion due abundantly to beforehand in demand, accumulation and appellation deposits, decidedly in Latin America partly anniversary by the appulse of adopted bill translation.

Q4 2017 vs Q3 2017Average liabilities were in band with the antecedent division as beforehand in deposits, abundantly in bartering deposits in Latin America , was anniversary by the abrogating appulse of adopted bill translation.

Net absorption incomeQ4 2017 vs Q4 2016Net absorption assets was $1,667 actor , up 3% or 6% adjusting for the appulse of adopted bill translation, apprenticed by able retail and bartering accommodation growth, partly anniversary by a lower net absorption margin. The net absorption allowance decreased 10 base credibility to 4.67% abundantly due to changes in business mix, as bartering accommodation beforehand outpaced retail accommodation growth, and the appulse of lower inflation.

Q4 2017 vs Q3 2017Net absorption assets decreased $68 actor or 4%.  Adjusting for the abrogating appulse of adopted bill translation, net absorption assets added 1%.  Retail and bartering accommodation beforehand was partly anniversary by a lower margin. The net absorption allowance beneath 10 base credibility to 4.67% abundantly due to changes in business mix, and lower inflation.

Non-interest incomeQ4 2017 vs Q4 2016Non-interest assets added $15 actor or 2%.  Adjusting for the absolute appulse of adopted bill translation, non-interest assets was in band with the above-mentioned year.  Beforehand in net fees and commissions, apprenticed primarily by college agenda revenues in Latin America , was anniversary mainly by the appulse of the hurricanes in the Caribbean and a lower accession from investments in associated corporations, primarily in Asia .

Q4 2017 vs Q3 2017Non-interest assets decreased $12 actor or 1% to $898 actor .  Adjusting for the abrogating appulse of adopted bill translation, non-interest assets was in band with the above-mentioned quarter. Able fee and agency acquirement growth, primarily apprenticed by seasonally college fees in Latin America , was mostly anniversary by a lower accession from investments in associated corporations, and the appulse of the hurricanes in the Caribbean .

Provision for acclaim lossesQ4 2017 vs Q4 2016The accouterment for acclaim losses was $310 actor , up $16 actor or 5% primarily in retail due to portfolio growth. The accouterment for acclaim losses arrangement bigger one base point to 1.14%.

Q4 2017 vs Q3 2017The accouterment for acclaim losses was $310 actor , a abatement of $15 actor or 5% apprenticed mainly by lower retail accoutrement in Colombia . The accouterment for acclaim losses arrangement bigger two base credibility from 1.16%.

Non-interest expensesQ4 2017 vs Q4 2016Non absorption costs decreased 1%.  Adjusting for the absolute appulse of adopted bill translation, non-interest costs added 2%, apprenticed by business aggregate beforehand and college technology costs, partly anniversary by allowances accomplished from cost-reduction initiatives.

Q4 2017 vs Q3 2017Non-interest costs decreased $47 actor or 3%.  Adjusting for the absolute appulse of adopted bill translation, non-interest costs grew 1%, apprenticed by business aggregate beforehand and college technology costs, partly anniversary by allowances accomplished from cost-reduction intiatives.

TaxesQ4 2017 vs Q4 2016The able tax bulk added to 23.2% compared to 21.7% aftermost year due to lower tax allowances this year in Latin America .

Q4 2017 vs Q3 2017The able tax bulk decreased hardly to 23.2% from 23.5%.

Global Banking and Markets

For the three months concluded

For the year concluded

(Unaudited) ($ millions)

 October 31 

July 31 

 October 31 

 October 31 

 October 31 

(Taxable agnate basis)(1)

2017

2017

2016

2017

2016

Business articulation assets

Net absorption assets

$

351

$

340

$

345

$

1,336

$

1,293

Non-interest assets

738

777

830

3,288

3,139

Total acquirement

1,089

1,117

1,175

4,624

4,432

Accouterment for acclaim losses

8

24

39

42

249

Non-interest expenses 

569

530

533

2,160

2,040

Assets tax bulk

121

122

142

604

572

Net assets

$

391

$

441

$

461

$

1,818

$

1,571

Net assets attributable to non-controlling absorption in subsidiaries 

$

$

$

$

$

Net assets attributable to disinterestedness holders of the Bank

$

391

$

441

$

461

$

1,818

$

1,571

Added measures

Return on disinterestedness

14.9%

14.9%

15.5%

16.0%

12.6%

Boilerplate assets ($ billions)

$

322

$

338

$

351

$

336

$

351

Boilerplate liabilities ($ billions)

$

268

$

274

$

273

$

267

$

270

(1)

After-effects are presented on a taxable agnate basis. Refer to Business Band Overview breadth of the Bank’s 2017 Anniversary Report.

 

Net incomeQ4 2017 vs Q4 2016Net assets attributable to disinterestedness holders was $391 actor , a abatement of $70 actor or 15%.  College assets from the equities business and accumulated cyberbanking in Canada , were added than anniversary by lower contributions from anchored assets and adored metals businesses and the abrogating appulse of adopted bill translation.

Q4 2017 vs Q3 2017Net assets attributable to disinterestedness holders decreased by $50 actor or 11%. This was mainly due to lower after-effects above the basic markets and lending businesses, a college able tax rate, and the abrogating appulse of adopted bill translation.

Average assetsQ4 2017 vs Q4 2016Average assets were $322 billion , a abatement of $29 billion or 8%. Reductions in balance purchased beneath resale agreements, trading assets, as able-bodied as derivative-related assets were partly anniversary by the appulse of adopted bill translation.

Q4 2017 vs Q3 2017Average assets decreased by $16 billion or 5% due to lower trading assets and the appulse of adopted bill translation.

Average liabilitiesQ4 2017 vs Q4 2016Average liabilities of $268 billion decreased by $5 billion or 2%, due primarily to the abrogating appulse of adopted bill translation, that was partly anniversary by beforehand in balance awash beneath repurchase agreements.

Q4 2017 vs Q3 2017Average liabilities decreased by $6 billion or 2% mainly apprenticed by declines in banknote deposits and acquired instruments and the abrogating appulse of adopted bill translation.

Net absorption incomeQ4 2017 vs Q4 2016Net absorption assets of $351 actor was up $6 actor or 2%. This was due mainly to college drop volumes, and college lending margins in Canada , partly anniversary by lower lending volumes, lower accommodation alpha fees and the abrogating appulse of adopted bill translation. The net absorption allowance was up 10 base credibility to 1.88%.

Q4 2017 vs Q3 2017Net absorption assets was up $11 actor or 3%. This was due mainly to college accommodation alpha fees and college lending margins in Canada , the U.S. and Europe.  This was partly anniversary by lower lending volumes and the abrogating appulse of adopted bill translation.

Non-interest incomeQ4 2017 vs Q4 2016Non-interest assets was $738 actor , a abatement of $92 actor or 11%. Stronger equities trading acquirement and a balance accretion in Canada , were added than anniversary by lower revenues in anchored assets trading, beforehand cyberbanking advising fees and the abrogating appulse of adopted bill translation.

Q4 2017 vs Q3 2017Non-interest assets was bottomward $39 actor or 5%. This was mainly due to lower trading revenues in basic markets, lower cyberbanking fees, and the abrogating appulse of adopted bill adaptation partly anniversary by college underwriting and advising fees and a balance accretion in Canada .

Provision for acclaim lossesQ4 2017 vs Q4 2016The accouterment for acclaim losses decreased $31 actor to $8 actor due to lower accoutrement in the U.S., Asia and Canada partly anniversary by college accoutrement in Europe . The accouterment for acclaim losses arrangement bigger 15 base credibility to four base points.

Q4 2017 vs Q3 2017The accouterment for acclaim losses was $8 actor this quarter, bottomward $16 actor due to lower accoutrement in Asia and the U.S., anniversary by college accoutrement in Europe . The accouterment for acclaim losses arrangement bigger seven base points.

Non-interest expensesQ4 2017 vs Q4 2016Non-interest costs of $569 actor up $36 actor or 7%. This was due to college regulatory, acquiescence and technology costs, partly anniversary by lower performance-related and share-based advantage and the absolute appulse of adopted bill translation.

Q4 2017 vs Q3 2017Non-interest costs added $39 actor or 7%. This was mainly apprenticed by college technology, and authoritative costs, partly anniversary by lower share-based advantage and the absolute appulse of adopted bill translation.

TaxesQ4 2017 vs Q4 2016The able tax bulk for the division was 23.8% compared to 23.5% mainly due to college taxes in assertive adopted jurisdictions.

Q4 2017 vs Q3 2017The able tax bulk for the division was 23.8% compared to 21.5% due to lower taxes in assertive adopted operations in the antecedent quarter.

Other(1)

For the three months concluded

For the year concluded

(Unaudited) ($ millions)

 October 31 

July 31 

 October 31 

 October 31 

 October 31 

(Taxable agnate basis)(2)

2017

2017

2016

2017

2016

Business articulation assets

Net absorption income(3)

$

(102)

$

(118)

$

Sec form d filing 10 q optional moreover sec 10 q – ndoilrigs
Sec form d filing 10 q optional moreover sec 10 q – ndoilrigs | sec form 144 filing instructions

(105)

$

(390)

$

(384)

Non-interest income(3)(4)

(5)

(16)

71

(344)

273

Total acquirement

(107)

(134)

(34)

(734)

(111)

Accouterment for acclaim losses

50

Non-interest expenses(5)

75

67

92

319

653

Assets tax expense(3)

(134)

(146)

(103)

(786)

(545)

Net assets

$

(48)

$

(55)

$

(23)

$

(267)

$

(269)

Net assets attributable to non-controlling absorption

$

$

$

$

$

Net assets attributable to disinterestedness holders of the Bank

$

(48)

$

(55)

$

(23)

$

(267)

$

(269)

Added measures

Boilerplate assets ($ billions)

$

108

$

107

$

113

$

106

$

111

Boilerplate liabilities ($ billions)

$

218

$

227

$

244

$

228

$

247

(1)

Includes all added abate operating segments and accumulated adjustments, such as the aishment of the tax-exempt assets gross-up appear in net absorption income, non-interest assets and accouterment for assets taxes and differences in the absolute bulk of costs incurred and answerable to the operating segments.

(2)

After-effects are presented on a taxable agnate basis. Refer to Business Band Overview breadth of the Bank’s 2017 Anniversary Report.

(3)

Includes the aishment of the tax-exempt assets gross-up appear in net absorption income, non-interest assets and accouterment for assets taxes for the three months concluded October 31, 2017 $81, July 31, 2017 $95, October 31, 2016 $47, and the years concluded October 31, 2017 $562 and October 31, 2016 $299 to admission at the amounts appear in the Circumscribed Anniversary of Income.

(4)

Includes net assets from investments in associated corporations for the three months concluded October 31, 2017 – $(34) (July 31, 2017 – $(39); October 31, 2016 – $(38)) and for the year concluded October 31, 2017 – $(141) (October 31, 2016 – ($137)).

(5)

Includes restructuring allegation of $378 recorded in Q2 2016.

 

The Added articulation includes Group Treasury, abate operating segments, business band aishment items and added accumulated items which are not allocated to a business line.

Net absorption income, added operating income, and the accouterment for assets taxes in anniversary aeon accommodate the aishment of tax-exempt assets gross-up. This bulk is included in the operating segments, which are appear on a taxable agnate basis. The aishment was $81 actor in the fourth quarter, compared to $47 actor in the aforementioned aeon aftermost year and $95 actor aftermost quarter.

Net assets from investments in associated corporations and the accouterment for assets taxes in anniversary aeon accommodate the tax normalization adjustments accompanying to the gross-up of assets from associated companies. This acclimation normalizes the able tax bulk in the capacity to bigger present the accession of the associated companies to the bounded results.

Q4 2017 vs Q4 2016Net accident attributable to disinterestedness holders was $48 actor compared to a net accident of $23 actor in the above-mentioned year. Lower net assets on auction of absolute acreage and lower net accretion on beforehand securities, were partly anniversary by a abatement in non-interest expenses.

Q4 2017 vs Q3 2017Net accident attributable to disinterestedness holders was $48 actor compared to a net accident of $55 actor aftermost quarter. The beforehand was mainly due to college contributions from asset/liability administering activities and college net accretion on beforehand securities. Partly offsetting were the abrogating appulse of adopted bill adaptation (including hedges) and college non-interest expenses.

Consolidated Anniversary of Cyberbanking Position

As at 

 October 31 

July 31 

 October 31 

(Unaudited) ($ millions) 

2017

2017

2016

Assets

Banknote and deposits with cyberbanking institutions

$

59,663

$

57,750

$

46,344

Adored metals

5,717

7,621

8,442

Trading assets

Balance

78,652

86,090

87,287

Loans

17,312

16,965

19,421

Added

2,500

2,093

1,853

98,464

105,148

108,561

Cyberbanking instruments appointed at fair bulk through accumulation or accident

13

231

221

Balance purchased beneath resale agreements and balance adopted

95,319

85,901

92,129

Acquired cyberbanking instruments

35,364

37,255

41,657

Beforehand balance

69,269

68,501

72,919

Loans

Residential mortgages

236,916

231,737

222,888

Claimed and acclaim cards

103,331

102,167

99,502

Business and government

168,449

168,945

162,400

508,696

502,849

484,790

Allowance for acclaim losses

4,327

4,290

4,626

504,369

498,559

480,164

Added

Customers’ accountability beneath acceptances

13,560

11,810

11,978

Property and accessories

2,381

2,228

2,520

Investments in associates 

4,586

4,382

4,299

Goodwill and added abstract assets

12,106

11,931

12,141

Deferred tax assets

1,713

1,728

2,021

Added assets

12,749

13,287

12,870

47,095

45,366

45,829

Total assets

$

915,273

$

906,332

$

896,266

Liabilities 

Deposits

Claimed

$

200,030

$

197,914

$

199,302

Business and government

384,988

377,883

372,303

Cyberbanking institutions

40,349

42,346

40,272

625,367

618,143

611,877

Cyberbanking instruments appointed at fair bulk through accumulation or accident

4,663

3,373

1,459

Added

Acceptances

13,560

11,810

11,978

Obligations accompanying to balance awash short 

30,766

32,740

23,312

Acquired cyberbanking instruments

34,200

39,919

42,387

Obligations accompanying to balance awash beneath repurchase agreements and balance lent 

95,843

92,008

97,083

Subordinated debentures

5,935

7,376

7,633

Added liabilities 

43,314

43,045

42,716

223,618

226,898

225,109

Total liabilities

853,648

848,414

838,445

Disinterestedness

Accepted disinterestedness

Accepted shares

15,644

15,584

15,513

Retained balance

38,117

37,092

34,752

Accumulated added absolute assets (loss)

1,577

566

2,240

Added reserves                                                                                                   

116

123

152

Total accepted disinterestedness

55,454

53,365

52,657

Adopted shares and added disinterestedness instruments

4,579

3,019

3,594

Total disinterestedness attributable to disinterestedness holders of the Bank

60,033

56,384

56,251

Non-controlling interests in subsidiaries

1,592

1,534

1,570

Total equity 

61,625

57,918

57,821

Total liabilities and disinterestedness

$

915,273

$

906,332

$

896,266

 

Consolidated Anniversary of Income

For the three months concluded

For the year concluded

 October 31 

July 31 

 October 31 

 October 31 

 October 31 

(Unaudited) ($ millions)

2017

2017

2016

2017

2016

Acquirement

Absorption assets

Loans 

$

5,628

$

5,545

$

5,220

$

21,719

$

20,419

Balance

363

350

334

1,403

1,237

Balance purchased beneath resale agreements and balance adopted

86

70

46

283

158

Deposits with cyberbanking institutions

170

153

99

522

394

6,247

6,118

5,699

23,927

22,208

Absorption bulk

Deposits

2,173

2,005

1,786

7,878

6,793

Subordinated debentures  

51

59

57

226

232

Other 

192

221

203

788

891

2,416

2,285

2,046

8,892

7,916

Net absorption income 

3,831

3,833

3,653

15,035

14,292

Non-interest assets

Cyberbanking

957

982

957

3,855

3,669

Wealth administering

775

847

837

3,318

3,282

Underwriting and added advising

165

150

170

598

594

Non-trading adopted exchange 

136

131

136

557

540

Trading revenues

219

356

377

1,259

1,403

Net accretion on auction of beforehand securities 

129

84

96

380

534

Net assets from investments in associated corporations 

97

113

117

407

414

Insurance underwriting income, net of claims 

150

163

150

626

603

Morgan Stanley Corporate Benefit Access Knowledge Center ..
Morgan Stanley Corporate Benefit Access Knowledge Center .. | sec form 144 filing instructions

Other 

353

235

258

1,120

1,019

2,981

3,061

3,098

12,120

12,058

Total acquirement

6,812

6,894

6,751

27,155

26,350

Accouterment for acclaim losses 

536

573

550

2,249

2,412

6,276

6,321

6,201

24,906

23,938

Non-interest costs

Salaries and abettor allowances

1,809

1,849

1,747

7,375

7,025

Premises and technology

621

618

600

2,436

2,238

Abrasion and acquittal

195

191

183

761

684

Communications

108

104

111

437

442

Advertising and business development

176

144

184

581

617

Able

252

192

214

775

693

Business and basic taxes

98

107

97

423

403

Other 

409

467

514

1,842

2,438

3,668

3,672

3,650

14,630

14,540

Assets afore taxes

2,608

2,649

2,551

10,276

9,398

Assets tax bulk

538

546

540

2,033

2,030

Net assets

$

2,070

$

2,103

$

2,011

$

8,243

$

7,368

Net assets attributable to non-controlling interests in subsidiaries

$

55

$

58

$

72

$

238

$

251

Net assets attributable to disinterestedness holders of the Bank

$

2,015

$

2,045

$

1,939

$

8,005

$

7,117

Adopted shareholders and added disinterestedness apparatus holders

29

29

31

129

130

Accepted shareholders

$

1,986

$

2,016

$

1,908

$

7,876

$

6,987

Balance per accepted allotment (in dollars)

Basic

$

1.66

$

1.68

$

1.58

$

6.55

$

5.80

Adulterated

$

1.64

$

1.66

$

1.57

$

6.49

$

5.77

Assets per accepted allotment (in dollars)

$

0.79

$

0.76

$

0.74

$

3.05

$

2.88

 

Consolidated Statement of Comprehensive Income

For the three months concluded

For the year concluded

October 31

July 31

October 31

October 31

October 31

(Unaudited) ($ millions)

2017

2017

2016

2017

2016

Net assets

$

2,070

$

2,103

$

2,011

$

8,243

$

7,368

Added absolute assets (loss)

Items that will be reclassified after to net assets

Net change in abeyant adopted bill adaptation assets (losses):

Net abeyant adopted bill adaptation assets (losses)

1,402

(4,011)

1,176

(1,564)

614

Net assets (losses) on hedges of net investments in adopted operations

(462)

1,278

(434)

404

(300)

Assets tax bulk (benefit):

Net abeyant adopted bill adaptation assets (losses)

15

(27)

6

(8)

(3)

Net assets (losses) on hedges of net investments in adopted operations

(122)

336

(115)

107

(79)

1,047

(3,042)

851

(1,259)

396

Net change in abeyant assets (losses) on available-for-sale securities:

Net abeyant assets (losses) on available-for-sale balance

83

(238)

(111)

(217)

308

Reclassification of net (gains) losses to net income(1)

(113)

119

49

143

(549)

Assets tax bulk (benefit):

Net abeyant assets (losses) on available-for-sale balance

16

(65)

(32)

(61)

82

Reclassification of net (gains) losses to net assets

(24)

35

13

42

(151)

(22)

(89)

(43)

(55)

(172)

Net change in assets (losses) on acquired instruments appointed as banknote breeze hedges:

Net assets (losses) on acquired instruments appointed as banknote breeze hedges

731

294

(279)

1,722

(7)

Reclassification of net (gains) losses

(754)

(72)

29

(1,761)

357

Assets tax bulk (benefit):

Net assets (losses) on acquired instruments appointed as banknote breeze hedges

194

79

(73)

454

9

Reclassification of net (gains) losses

(199)

(22)

7

(465)

83

(18)

165

(184)

(28)

258

Added absolute assets (loss) from investments in assembly

19

16

8

56

31

Items that will not be reclassified after to net assets

Net change in remeasurement of abettor anniversary plan asset and liability:

Actuarial assets (losses) on abettor anniversary affairs

49

302

190

805

(972)

Assets tax bulk (benefit)

9

80

51

213

(256)

40

222

139

592

(716)

Net change in fair bulk due to change in own acclaim accident on cyberbanking liabilities appointed

beneath the fair bulk option:

Change in fair bulk due to change in own acclaim accident on cyberbanking liabilities appointed

beneath the fair bulk advantage

(10)

(4)

(4)

(28)

(23)

Assets tax bulk (benefit)

(2)

(2)

(1)

(7)

(7)

(8)

(2)

(3)

(21)

(16)

Added absolute assets (loss) from investments in assembly

5

6

(10)

Added absolute assets (loss)

1,063

(2,730)

768

(709)

(229)

Absolute assets (loss)

$

3,133

$

(627)

$

2,779

$

7,534

$

7,139

Absolute assets (loss) attributable to non-controlling interests

107

(97)

131

192

237

Absolute assets (loss) attributable to disinterestedness holders of the Bank

3,026

(530)

2,648

7,342

6,902

Adopted shareholders and added disinterestedness apparatus holders

29

29

31

129

130

Accepted shareholders

$

2,997

$

(559)

$

2,617

$

7,213

$

6,772

(1)

Includes amounts accompanying to condoning hedges.

 

Consolidated Statement of Changes in Equity

Accumulated added absolute assets (loss)

Adopted

Total 

Adopted

Available-

Total

shares and

attributable

Non-controlling

Accepted

Retained

bill

for-sale

Banknote breeze

Added

accepted

added disinterestedness

to disinterestedness

absorption in

(Unaudited) ($ millions)

shares

balance

(1)

adaptation

balance

hedges

Added

(2)

affluence

(3)

disinterestedness

instruments

holders

subsidiaries

Total

Balance as at November 1, 2016

$

15,513

$

34,752

$

3,055

$

14

$

264

$

(1,093)

$

Document - sec form 144 filing instructions
Document – sec form 144 filing instructions | sec form 144 filing instructions

152

$

52,657

$

3,594

$

56,251

$

1,570

$

57,821

Net assets

7,876

7,876

129

8,005

238

8,243

Added absolute assets (loss)

(1,194)

(60)

(29)

620

(663)

(663)

(46)

(709)

Total absolute assets

$

$

7,876

$

(1,194)

$

(60)

$

(29)

$

620

$

$

7,213

$

129

$

7,342

$

192

$

7,534

Shares issued and added disinterestedness instruments

313

(44)

269

1,560

1,829

1,829

Shares repurchased/redeemed

(182)

(827)

(1,009)

(575)

(1,584)

(1,584)

Accepted assets paid

(3,668)

(3,668)

(3,668)

(3,668)

Adopted assets paid

(129)

(129)

(129)

Distributions to non-controlling interests

(133)

(133)

Share-based payments

8

8

8

8

Added

(16)

(16)

(16)

(37)

(4)

(53)

Balance as at October 31, 2017

$

15,644

$

38,117

$

1,861

$

(46)

$

235

$

(473)

$

116

$

55,454

$

4,579

$

60,033

$

1,592

$

61,625

Balance as at November 1, 2015

$

15,141

$

31,316

$

2,633

$

194

$

7

$

(379)

$

173

$

49,085

$

2,934

$

52,019

$

1,460

$

53,479

Net assets

6,987

6,987

130

7,117

251

7,368

Added absolute assets (loss)

422

(180)

257

(714)

(215)

(215)

(14)

(229)

Total absolute assets

$

$

6,987

$

422

$

(180)

$

257

$

(714)

$

$

6,772

$

130

$

6,902

$

237

#

$

7,139

Shares issued

391

363

1,350

1,713

1,713

Shares repurchased/redeemed

(19)

(61)

(28)

(80)

(690)

(770)

(770)

Accepted assets paid

(3,468)

(3,468)

(3,468)

(3,468)

Adopted assets paid

(130)

(130)

(130)

Distributions to non-controlling interests

(116)

(116)

Share-based payments

7

7

7

7

Added

(22)

(22)

(22)

(11)

(4)

(33)

Balance as at October 31, 2016

$

15,513

$

34,752

$

3,055

$

14

$

264

$

(1,093)

$

152

$

52,657

$

3,594

$

56,251

$

1,570

$

57,821

Balance as at November 1, 2014

$

15,231

$

28,609

$

700

$

664

$

(48)

$

(367)

$

176

$

44,965

$

2,934

$

47,899

$

1,312

$

49,211

Net assets

6,897

6,897

117

7,014

199

7,213

Added absolute assets (loss)

1,933

(470)

55

(7)

1,511

1,511

(75)

1,436

Total absolute assets

$

$

6,897

#

$

1,933

$

(470)

$

55

$

(7)

$

$

8,408

$

117

$

8,525

$

124

$

unemon on Twitter: "$CETX OF THE YEAR: PR just claims Aron and ..
unemon on Twitter: “$CETX OF THE YEAR: PR just claims Aron and .. | sec form 144 filing instructions

8,649

Shares issued

104

(17)

87

87

87

Shares repurchased/redeemed

(194)

(761)

(955)

(955)

(955)

Accepted assets paid

(3,289)

(3,289)

(3,289)

(3,289)

Adopted assets paid

(117)

(117)

(117)

Distributions to non-controlling interests

(86)

(86)

Share-based payments

14

14

14

14

Added

(140)

(5)

(5)

(6)

(145)

(145)

110

(4)

(35)

Balance as at October 31, 2015

$

15,141

$

31,316

$

2,633

$

194

$

7

$

(379)

$

173

$

49,085

$

2,934

$

52,019

$

1,460

$

53,479

(1)

Includes undistributed retained balance of $61 (2016 – $63; 2015 – $61) accompanying to a adopted associated corporation, which is accountable to bounded authoritative restriction.

(2)

Includes Allotment from associates, Abettor allowances and Own acclaim risk.

(3)

Represents amounts on anniversary of share-based payments.

(4)

Includes changes to non-controlling interests arising from business combinations and others.

(5)

Includes attendant adjustments primarily accompanying to adopted bill adaptation on Allowance for Acclaim Losses with anniversary to periods above-mentioned to 2013 ($152).

(6)

Represents attendant adjustments to reflect the acceptance of the own acclaim accident accoutrement of IFRS 9 pertaining to cyberbanking liabilities appointed at fair bulk through accumulation or loss.

 

Consolidated Anniversary of Banknote Flows

(Unaudited) ($ millions)

For the three months concluded

For the year concluded

 October 31 

 October 31 

 October 31 

 October 31 

Sources (uses) of banknote flows

2017

2016

2017

2016

Banknote flows from operating activities

Net assets

$

2,070

$

2,011

$

8,243

$

7,368

Acclimation for: 

Net absorption assets

(3,831)

(3,653)

(15,035)

(14,292)

Abrasion and amortization 

195

183

761

684

Accoutrement for acclaim losses

536

550

2,249

2,412

Equity-settled share-based acquittal bulk

2

8

7

Net accretion on auction of beforehand securities 

(129)

(96)

(380)

(534)

Net accretion on disposition of business

(62)

(62)

(116)

Net assets from investments in associated corporations

(97)

(117)

(407)

(414)

Assets tax bulk

538

540

2,033

2,030

Restructuring allegation

378

Changes in operating assets and liabilities:

Trading assets

8,783

(3,830)

8,377

(10,044)

Balance purchased beneath resale agreements and balance adopted

(7,355)

1,239

(4,631)

(5,363)

Loans

(1,945)

(3,615)

(32,589)

(20,355)

Deposits

(114)

(26,509)

27,516

6,702

Obligations accompanying to balance awash abbreviate

(2,532)

2,528

7,533

4,007

Obligations accompanying to assets awash beneath repurchase agreements and balance lent

1,447

1,844

849

20,865

Net acquired cyberbanking instruments

(3,624)

(2,331)

(391)

(3,806)

Other, net

2,294

5,276

(1,997)

2,293

Assets received 

230

135

1,600

873

Absorption accustomed

6,078

5,480

23,649

21,099

Absorption paid

(2,180)

(1,875)

(8,730)

(7,787)

Assets tax paid

(395)

47

(2,012)

(1,471)

Net banknote from/(used in) operating activities

(91)

(22,193)

16,584

4,536

Banknote flows from beforehand activities

Interest-bearing deposits with cyberbanking institutions

555

23,659

(14,006)

28,447

Acquirement of beforehand balance

(16,786)

(16,306)

(64,560)

(94,441)

Proceeds from auction and adeptness of beforehand balance

17,146

14,305

66,179

65,069

Acquisition/sale of subsidiaries, associated corporations or business units, net of banknote acquired 

229

229

(1,050)

Property and equipment, net of disposals

(187)

(54)

3

(348)

Other, net

(287)

(306)

(385)

(431)

Net banknote from/(used in) beforehand activities 

670

21,298

(12,540)

(2,754)

Banknote flows from costs activities

Proceeds from affair of subordinated debentures

2,465

Redemption/repayment of subordinated debentures

(1,500)

(1,500)

(1,035)

Proceeds from accepted shares issued

61

199

313

391

Proceeds from adopted shares and added disinterestedness instruments issued

1,560

500

1,560

1,350

Redemption of adopted shares 

(575)

(690)

Accepted allotment purchased for abandoning

(1,009)

(80)

Banknote assets paid

(976)

(924)

(3,797)

(3,598)

Distributions to non-controlling interests

(12)

(11)

(133)

(116)

Other, net

1,101

410

2,209

(320)

Net banknote from/(used in) costs activities

234

174

(2,932)

(1,633)

Aftereffect of barter bulk changes on banknote and banknote equivalents

154

121

(142)

(18)

Net change in banknote and banknote equivalents

967

(600)

970

131

Banknote and banknote equivalents at alpha of period(1)

6,858

7,455

6,855

6,724

Banknote and banknote equivalents at end of year(1)

$

7,825

$

6,855

$

7,825

$

6,855

(1)

Represents banknote and non-interest abode deposits with cyberbanking institutions.

 

Basis of preparationThese unaudited circumscribed cyberbanking statements were able in accordance with IFRS as issued by All-embracing Accounting Standards Board (IASB) and accounting requirements of OSFI in accordance with Breadth 308 of the Bank Act, except for assertive adapted disclosures. Therefore, these unaudited circumscribed cyberbanking statements should be apprehend in affiliation with the Bank’s audited circumscribed cyberbanking statements for the year concluded October 31, 2017 which will be accessible today at Scotiabank.com.

Forward attractive statementsOur accessible communications generally accommodate articulate or accounting advanced statements. Statements of this blazon are included in this document, and may be included in added filings with Canadian balance regulators or the U.S. Balance and Barter Commission, or in added communications. All such statements are fabricated pursuant to the “safe harbor” accoutrement of the U.S. Private Balance Litigation Reform Act of 1995 and any applicative Canadian balance legislation. Advanced statements may include, but are not bound to, statements fabricated in this document, the Management’s Altercation and Analysis in the Bank’s 2017 Anniversary Report beneath the headings “Outlook” and in added statements apropos the Bank’s objectives, strategies to accomplish those objectives, the authoritative ambiance in which the Bank operates, advancing cyberbanking after-effects (including those in the breadth of accident management), and the angle for the Bank’s businesses and for the Canadian, U.S. and all-around economies. Such statements are about articular by words or phrases such as “believe,” “expect,” “anticipate,” “intent,” “estimate,” “plan,” “may increase,” “may fluctuate,” and agnate expressions of approaching or codicillary verbs, such as “will,” “may,” “should,” “would” and “could.”

By their absolute nature, advanced statements absorb abundant assumptions, inherent risks and uncertainties, both accepted and specific, and the accident that predictions and added advanced statements will not prove to be accurate. Do not disproportionately await on advanced statements, as a cardinal of important factors, abounding of which are above the Bank’s ascendancy and the furnishings of which can be difficult to predict, could anniversary absolute after-effects to alter materially from the estimates and intentions bidding in such advanced statements. These factors include, but are not bound to: the bread-and-er and cyberbanking altitude in Canada and globally; fluctuations in absorption ante and bill values; clamminess and funding; cogent bazaar animation and interruptions; the abortion of third parties to accede with their obligations to the Bank and its affiliates; changes in budgetary policy; aldermanic and authoritative developments in Canada and elsewhere, including changes to, and interpretations of tax laws and risk-based basic guidelines and advertisement instructions and clamminess authoritative guidance; changes to the Bank’s acclaim ratings; operational (including technology) and basement risks; reputational risks; the accident that the Bank’s accident administering models may not booty into anniversary all accordant factors; the accurateness and abyss of advice the Bank receives on barter and counterparties; the adapted development and accession of new articles and services; the Bank’s adeptness to aggrandize absolute administration channels and to beforehand and apprehend revenues from new administration channels; the Bank’s adeptness to complete and accommodate acquisitions and its added beforehand strategies; analytical accounting estimates and the furnishings of changes in accounting behavior and methods acclimated by the Bank as declared in the Bank’s anniversary cyberbanking statements (See “Controls and Accounting Policies—Critical accounting estimates” in the Bank’s 2017 Anniversary Report) and adapted by anniversary reports; all-around basic markets activity; the Bank’s adeptness to allure and absorb key executives; assurance on third parties to accommodate apparatus of the Bank’s business infrastructure; abrupt changes in customer spending and extenuative habits; technological developments; artifice by centralized or alien parties, including the use of new technologies in aberrant means to bamboozle the Bank or its customers; accretion cyber aegis risks which may accommodate annexation of assets, crooked admission to acute advice or operational disruption; anti-money laundering; alliance in the cyberbanking casework area in Canada and globally; competition, both from new entrants and accustomed competitors; authoritative and authoritative proceedings; accustomed disasters, including, but not bound to, earthquakes and hurricanes, and disruptions to accessible infrastructure, such as transportation, communication, adeptness or baptize supply; the accessible appulse of all-embracing conflicts and added developments, including agitator activities and war; the furnishings of ache or affliction on local, civic or all-embracing economies; and the Bank’s apprehension of and success in managing the risks adumbrated by the foregoing. A abundant bulk of the Bank’s business involves authoritative loans or contrarily committing assets to specific companies, industries or countries. Unforeseen contest affecting such borrowers, industries or countries could admission a absolute adverse aftereffect on the Bank’s cyberbanking results, businesses, cyberbanking action or liquidity. These and added factors may anniversary the Bank’s absolute achievement to alter materially from that advised by advanced statements. For added information, see the “Risk Management” breadth of the Bank’s 2017 Anniversary Report.

Material bread-and-er assumptions basal the advanced statements independent in this certificate are set out in the 2017 Anniversary Report beneath the headings “Outlook”, as adapted by anniversary reports. The “Outlook” sections are based on the Bank’s angle and the absolute aftereffect is uncertain. Readers should accede the above-noted factors back reviewing these sections. The above-mentioned account of factors is not all-embracing of all accessible accident factors and added factors could additionally abnormally affect the Bank’s results. Back relying on advanced statements to accomplish decisions with anniversary to the Bank and its securities, investors and others should anxiously accede the above-mentioned factors, added uncertainties and abeyant events. The advanced statements independent in this certificate are presented for the purpose of acceptable the holders of the Bank’s balance and cyberbanking analysts in compassionate the Bank’s cyberbanking position and after-effects of operations as at and for the periods concluded on the dates presented, as able-bodied as the Bank’s cyberbanking achievement objectives, eyes and cardinal goals, and may not be adapted for added purposes. Except as adapted by law, the Bank does not undertake to amend any advanced statements, whether accounting or oral, that may be fabricated from time to time by or on its behalf.

Additional advice apropos to the Bank, including the Bank’s Anniversary Advice Form, can be amid on the SEDAR website at www.sedar.com and on the EDGAR breadth of the SEC’s website at www.sec.gov.

November 28, 2017

Shareholder and broker information

Direct deposit serviceShareholders may admission assets deposited anon into accounts captivated at cyberbanking institutions which are associates of the Canadian Payments Association. To align absolute drop service, amuse abode to the alteration agent.

Dividend and Share Purchase PlanScotiabank’s allotment reinvestment and allotment acquirement plan allows accepted and adopted shareholders to acquirement added accepted shares by reinvesting their banknote allotment after incurring allowance or authoritative fees. As well, acceptable shareholders may beforehand up to $20,000 anniversary budgetary year to acquirement added accepted shares of the Bank. All authoritative costs of the plan are paid by the Bank. For added advice on accord in the plan, amuse acquaintance the alteration agent.

Dividend dates for 2018Record and acquittal dates for accepted and adopted shares, accountable to approval by the Board of Directors.

Almanac Date

Acquittal Date

January 2, 2018

January 29, 2018

April 3, 2018

April 26, 2018

July 3, 2018

July 27, 2018

October 2, 2018

October 29, 2018

 

Annual Affair date for fiscal 2017Shareholders are arrive to appear the 186th Anniversary Affair of Holders of Accepted Shares, to be captivated on April 10, 2018 , at Scotiabank Centre, Scotia Plaza, 40 King Street West, 2nd Floor, Toronto, Ontario alpha at 9:00 a.m. bounded time. The almanac date for free shareholders advantaged to accept apprehension of and to vote at the affair will be the aing of business on February 13, 2018 .

Duplicated communicationIf your shareholdings are registered beneath added than one name or address, assorted mailings will result. To annihilate this duplication, amuse abode to the alteration abettor to amalgamate the accounts.

Normal Course Issuer BidA archetype of the Apprehension of Intention to arise the Normal Course Issuer Bid is accessible after allegation by contacting the Secretary’s Department at (416) 866-3672.

Annual Cyberbanking StatementsShareholders may admission a adamantine archetype of Scotiabank’s 2017 audited anniversary circumscribed cyberbanking statements and accompanying Management’s Altercation & Analysis on appeal and after allegation by contacting the Secretary’s Department at (416) 866-3672.

WebsiteFor advice apropos to Scotiabank and its services, appointment us at our website: www.scotiabank.com.

Conference alarm and Web broadcastThe anniversary after-effects appointment alarm will booty abode on November 28, 2017 , at 8:00 a.m. ET and is accepted to aftermost about one hour. Interested parties are arrive to admission the alarm live, in listen-only mode, by telephone, toll-free, at (416) 640-5944 or 1-800-274-0251 (please alarm bristles to 15 account in advance). In addition, an audio webcast, with accompanying accelerate presentation, may be accessed via the Broker Relations folio of www.scotiabank.com. Following altercation of the after-effects by Scotiabank executives, there will be a catechism and acknowledgment session.

A blast epitomize of the appointment alarm will be accessible from November 28, 2017 , to December 13, 2017 , by calling (647) 436-0148 or 1-888-203-1112 ( North America toll-free) and entering the identification cipher 6751615#. The archived audio webcast will be accessible on the Bank’s website for three months.

Contact advice

Investors:

Scotiabank

Scotia Plaza, 44 King Street West

Toronto, Ontario, Canada M5H 1H1

Telephone: (416) 775-0798

Fax: (416) 866-7867

E-mail: [email protected]  

Media:

Acquaintance the Public, Accumulated and Government Affairs Department

Scotia Plaza, 44 King Street West

Toronto, Ontario, Canada M5H 1H1

Telephone: (416) 866-6806

Fax: (416) 866-4988

E-mail: [email protected]

Shareholders:

For enquiries accompanying to changes in allotment allotment or address, allotment information, absent allotment certificates, acreage transfers, or to admonish of alike mailings, amuse acquaintance the Bank’s alteration agent:

Computershare Trust Company of Canada

100 University Avenue, 8th Floor

Toronto, Ontario, Canada M5J 2Y1

Telephone: 1-877-982-8767

Fax: 1-888-453-0330

E-mail: [email protected]  

 

Co-Transfer Abettor (U.S.A.)

Computershare Trust Company N.A.

250 Royall Street

Canton, MA 02021 U.S.A.

Telephone: 1-800-962-4284

For added actor enquiries, amuse acquaintance the Finance Department:

Scotiabank

Scotia Plaza, 44 King Street West

Toronto, Ontario, Canada M5H 1H1

Telephone: (416) 866-4790

Fax: (416) 866-4048

E-mail: [email protected]

 

Rapport trimestriel disponible en françaisLe Rapport annuel et les états financiers de la Banque sont publiés en français et en anglais et distribués aux actionnaires dans la adaptation de leur choix. Si vous préférez que la affidavit vous concernant vous soit adressée en français, veuillez en accuser Relations publiques, Affaires de la société et Affaires gouvernementales, La Banque de Nouvelle-Écosse, Scotia Plaza, 44, rue King Ouest, Toronto ( Ontario ), Canada M5H 1H1, en joignant, si possible, l’étiquette d’adresse, afin que commonsense puissions prendre agenda du changement.

SOURCE Scotiabank

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