Scotiabank Risk Overview
Reconciliation for non-GAAP Financial Measures
($ millions)
Reported Basis
Reported Basis (Constant FX)1
Mexico
2019
2020
2021
2022
Q1/21 Q1/22 Q1/23
2019
2020
2021
2022 Q1/21
Q1/22
Q1/23
Revenue
2,179
2,196
2,193
2,279
575
543
663
2,218
2,369
2,441
2,507
627
618
663
Expenses
1,213
1,207
1,097
1,117
292
266
323
1,235
1,326
1,223
1,226
317
303
323
Pre-tax, pre-provision profit
965
989
1,096
1,162
283
277
340
983
1,043
1,219
1,281
310
315
340
Net income attributable to
equity holders (NIAEH)
NIAEH
NIM Calculation¹
($ millions)
Average total assets²
Less: Non-earning assets
Average total earning assets²
Less:
522
271
590
746
130
162
221
530
255
656
822
143
184
221
Mexico³
2020
2021
2022
Q1/22
Q1/23
42,324
44,321
47,831
44,461
55,694
1,840
3,426
2,300
1,633
2,446
40,484
40,895
45,531
42,828
53,248
Trading Assets
3,232
4,133
4,101
3,983
4,217
Securities purchased under resale agreements and securities borrowed
54
225
Other deductions
70
87
214
249
148
Average core earning assets²
37,182
36,675
41,162
38,596
48,658
Net Interest Income
1,643
1,650
1,707
415
501
Less: Non-core net interest income
24
38
3
5
(6)
Net interest income on core earning assets
1,619
1,613
1,705
411
507
Net interest margin
4.35%
4.40%
4.14%
4.22%
4.14%
Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com
2 Average balances represents the average of daily balance for the period
3 May not add due to rounding
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