2006 Financial Overview and 2007 Priorities
Scotiabank
$ millions
High level of unrealized securities gains
Scotiabank
Q4/06 Q3/06 Q4/05
Emerging
Market Debt
584
536 574
Fixed Income (102) (142)
(38)
Equities
519 454
499
1,001 848
1,035
Remaining unrealized gain on Shinsei investment: $78 mm
41
Q4/06 Items of note
EPS impact (cents)
Q4/06 vs. Q4/06 vs.
Q3/06
Q4/05
ACG-13
(3)
(2)
VAT Recovery
(5)
Reduction of General
4
1
Lower tax rate
3
3
Securities gains
(3)
(3)
Foreign currency
(3)
translation
(4)
(4)
Business Growth
13
Reported Change
(4) cents
9 cents
42
O ACG-13: negative impact in
Q4/06 vs. Q3/06
■ Reduction of General:
reduced $60 mm vs. $45 mm
in Q4/05
■ Lower tax rate: higher
dividend income & earnings in
lower-tax jurisdictions
■ Forex Translation: foreign
currency earnings reduced by
stronger Canadian $View entire presentation