FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT
APPENDIX 18 | RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
($MM, except EPS)
(2)
(2)
Q4 21
FY 2021
Total
Revenues
Non- Income
Interest Before
Expenses Taxes
Net
Income
Non-
controlling
interest
Diluted
EPS
Total
Revenues
Adjusted Results (1)
2,252
1,249 1,044
783
2.21 $
9,116
Non- Income
Interest Before
Expenses Taxes
4,844 4,270 3,184
Net
Income
Non-
controlling
interest
Diluted
EPS
8.98 $
Taxable equivalent
(41)
(41)
-
(189)
(189)
Impairment losses on intangible assets
9
(9)
(7)
(0.02 $)
9
(9)
(7)
(0.02 $)
Total impact
(41)
9
(50)
(7)
(0.02 $)
(189)
9 (198)
(7)
(0.02 $)
Reported Results
2,211
1,258
994
776
2.19 $
8,927
4,853
4,072
3,177
8.96 $
(3)
(3)(4)
Q4 20
FY 2020
Total
Revenues
Non- Income
Interest Before
Expenses Taxes
Net
Income
Non-
controlling
interest
Diluted
EPS
Total
Revenues
Non- Income
Interest Before
Expenses Taxes
Net
Income
Non-
controlling
interest
Diluted
EPS
Adjusted Results (1)
2,073
1,140
823
615
12
1.69 $
Taxable equivalent
(49)
(49)
8,216
(265)
4,413 2,957 2,216
52
6.06 $
(265)
Charge related to Maple
13
(13)
(10)
(0.03 $)
Impairment losses on premises and
71
(71)
(52)
(0.15 $)
71
(71)
(52)
(0.15 $)
equipment and on intangible assets
Severance pay
48
(48) (35)
(0.10 $)
48
(48)
(35)
(0.10 $)
Foreign currency translation loss on
disposal of subsidiaries
(24)
(24) (36)
(10)
(0.08 $)
(24)
(24) (36)
(10)
(0.08 $)
Total impact
(73)
119
(192) (123)
(10)
(0.33 $)
(289)
132
(421) (133)
(10)
(0.36 $)
Reported Results
2,000
1,259
631
492
2
1.36 $
7,927
4,545 2,536
2,083
42
5.70 $
(1) On a taxable equivalent basis and excluding specified items, which are non-GAAP financial measures. See slide 2.
(2) During the fourth quarter of 2021, the Bank recorded a $9 million ($7 million after-tax) in impairment losses on intangible assets related to technology
developments. The charge is reflected in "Non-interest expenses" and accounted for under the "Other" heading of segment results. Please refer to pages 20
and 21 of the Bank's 2021 Annual Report for additional information.
(3) All specified items recorded during the fourth quarter of 2020 are accounted for under the "Other" heading of segment results. The currency translation loss on
disposal of subsidiaries is reflected in "Non-interest income". The impairment loss and severance pay are reflected in "Non-interest expenses". Please refer to
pages 20 and 21 of the Bank's 2021 Annual Report for additional information.
(4) During the first quarter of 2020, the Bank recorded charges of $13 million ($10 million after-tax) related to the company Maple Financial Group. The charges
are reflected in "Non-interest expenses" and accounted for under the "Other" heading of segment results. Please refer to pages 20 and 21 of the Bank's 2021
Annual Report for additional information.
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