Scotiabank First Quarter Press Release 2023
Global
Reconciliation of reported and adjusted results by business line
For the three months ended January 31, 2023 (1)
Canadian
International Global Wealth Banking and
($ millions)
Banking
Banking Management
Reported net income (loss)
$
1,087 $
Net income attributable to non-controlling interests in subsidiaries (NCI)
Reported net income attributable to equity holders
692 $
38
387 $
Markets
519 $
Other
Total
(913) $
1,772
2
40
1,087
654
385
519
(913)
1,732
Reported net income attributable to preferred shareholders and
other equity instrument holders
1
Reported net income attributable to common shareholders
$
1,086 $
1
653 $
385 $
1
518 $
98
(1,011) $
101
1,631
Adjustments
Adjusting items impacting non-interest expenses (Pre-tax)
Amortization of acquisition-related intangible assets
Total non-interest expenses adjustments (Pre-tax)
Total impact of adjusting items on net income before taxes
Impact of adjusting items on income tax expense
Canada recovery dividend
Impact of other adjusting items on income tax expense
222
10
10
10
666
21
21
21
Total impact of adjusting items on income tax expense
Total impact of adjusting items on net income
1
E-
(1)
(1)
337
(3)
(3)
Total Impact of adjusting items on net income attributable to
equity holders and common shareholders
1
7
Adjusted net income (loss)
$
1,088 $
699
Adjusted net income attributable to equity holders
$
Adjusted net income attributable to common shareholders
$
1,087
1,088 $
$
661
$
660
A A A
$
394
392
$
392
'SS- ཙྪཥྞ⌘
579
579
(2)
(6)
(2)
579
573
7
579
594
7
579
594
$$$
519 $
(334) $
2,366
519
$
(334) $
2,326
518 $
(432) $
2,225
(1) Refer to Business Segment Review section of the Bank's Q1, 2023 Quarterly Report to Shareholders.
Reconciliation of reported and adjusted results by business line
For the three months ended October 31, 2022(1)
Global
Canadian
International
($ millions)
Banking
Reported net income (loss)
$
1,170 $
679 $
Global Wealth Banking and
Banking Management Markets
484 $
363 $
Other
(603) $
Total
2,093
Net income attributable to non-controlling interests in subsidiaries (NCI)
Reported net income attributable to equity holders
36
2
38
1,170
643
361
484
(603)
2,055
Reported net income attributable to preferred shareholders and
other equity instrument holders
1
1
Reported net income attributable to common shareholders
$
1,169 $
642 $
361 $
484
$
104
(707) $
106
1,949
Adjustments
Adjusting items impacting non-interest income and total revenue (Pre-tax)
Net loss on divestitures and wind-down of operations
$
$
$
Adjusting items impacting non-interest expenses (Pre-tax)
Amortization of acquisition-related intangible assets
6
9
Restructuring provision
Support costs for the Scene+ loyalty program
Total non-interest expenses adjustments (Pre-tax)
Total impact of adjusting items on net income before taxes
Total impact of adjusting items on income tax expense
(2)
Total impact of adjusting items on net income
2227
6624
Impact of adjusting items on NCI related to restructuring and other provisions
Total Impact of adjusting items on net income attributable to
equity holders and common shareholders
4
7
Adjusted net income (loss)
$
1,174 $
686
Adjusted net income attributable to equity holders
$
1,174 $
650
पी पी b
Adjusted net income attributable to common shareholders
$
1,173 $
649
24
85
85
133
133
9
9
218
242
9
9
579
603
(2)
(2)
(75)
(81)
7
504
522
(1)
(1)
7
503
521
$
$
$
370 $
368 $
368 $
484 $
(99) $
2,615
484 $
484 $
(100) $
2,576
(204) $
2,470
$
$
361 $
361
9
(1)
Refer to Business Segment Review section of the Bank's Q1, 2023 Quarterly Report to Shareholders.
8 Scotiabank First Quarter Press Release 2023View entire presentation