2006 Financial Overview and 2007 Priorities
Impact of acquisitions
Scotiabank
Impact on income ($ millions)
2006
2005
Net interest income
$247
35
Other income
215
33
Non-interest expenses
(304)
(48)
Other items (net of tax)
(58)
(4)
Net income
100
16
Earnings per share (diluted)
$0.10
$0.02
35
2006
Scotiabank
$ millions
Other Income up reflecting organic growth
and impact of acquisitions
% Change vs.
Q4/05
% Change vs.
2005
Q4/06
Q3/06
Deposit & Payment Services
$766
9%
$196
8%
(1)%
Investment Banking
659
(3)
175
2
5
Retail Brokerage & Trust
596
11
152
6
7
Credit Fees
530 (2)
127
(3)
(9)
Net Gain on Investment Securities
371
(10)
64
(41)
(39)
Trading Revenues
637
7
138
9
39
Other
1,241
17
364 24
13
Total
$4,800 6%
$1,216
5%
4%
2006 vs. 2005: Other Income +6%
■ Broad-based growth in several categories, including retail brokerage, mutual funds
Positive impact of acquisitions partially offset by lower net securities gains and
securitization revenues
Q4/06: Other Income up 5% yr/yr and 4% qtr/qtr
Yr/yr: broad-based growth and positive impact of acquisitions partially offset by
lower securities gains
■ Qtr/qtr: increases in trading, investment management, brokerage and trust and
securitization revenues offset by lower net securities gains and credit fees
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