Supplementary Financial Information (SFI)
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Revenue from Trading-Related Activities and Assets Under Administration and Management
2023
2022
2021
($ millions)
Q1
Q4
Q3
Q2
Q1
Q4
33
Q3
22
Q2
Q1
Full Year
2022
2021
Trading-related revenue (TEB)(1) (2)
Net interest income
(62)
(38)
(53)
(31)
10
35
33
42
26
(112) 136
Non-interest income
Trading revenues
744
505
392
535
692
493
547
596
40
80
23
22
33
36
46
51
685 2,124 2,321
52
158
185
784
585
415
557
725
529
593
647
737 2,282 2,506
722
547
362
526
735
564
626
689
763 2,170 2,642
Other fees and commission
Total non-interest income
Total― Trading-related revenue
(2)
Trading-related revenue by product (TEB)(2)
Interest rate and credit
272
133
118
112
243
167
215
242
317
606
941
Equities
205
150
179
209
291
236
244
234
218
829
932
Foreign exchange and Other (3)
245
264
65
205
201
161
167
213
228
735
769
Trading-related revenue by product (TEB)(2)
722
547
362
526
735
564
626
689
763
2,170
2,642
Taxable equivalent adjustment
110
87
81
82
83
84
69
71
64
333
288
Total trading-related revenue by product (Non-TEB)(2)
612
460
281
444
652
480
557
618
699
1,837
2,354
Assets under administration ($ billions) (4)
Retail brokerage
Investment management and trust
Personal
Mutual funds
Institutional
86.8
Total
664.7
202.7 192.4 195.6 200.8 206.8 201.0 194.5
169.6 162.7 147.5 147.2 140.9 144.7 139.4
372.3 355.1 343.1 348.0 347.7 345.7
333.9
205.6 198.8 206.6 212.6 224.2 225.2
87.7 80.4 79.6 79.3
641.6 630.1 640.2
185.9
136.3 134.0
172.0
322.2
306.0
223.2
217.0
209.0
82.0
79.3
83.6
83.1
651.2
652.9
636.4
622.8
598.1
Assets under management ($ billions) (4)
Personal
80.2
76.7
77.0
77.3
78.8
76.3
73.2
69.4
64.0
Mutual funds
190.1
184.1
191.0
195.0
205.6
206.9
205.1
199.3
192.1
Institutional
Total
52.1
322.4
50.3
51.6
53.9
60.9
62.6
62.5
60.0
55.6
311.1
319.6
326.2
345.3
345.8
340.8
328.7
311.7
(1) Trading-related revenue consists of net interest income and non-interest income. Included are unrealized gains and losses on security positions held, realized gains and losses from the purchase and sale of securities, fees and commissions from securities borrowing
and lending activities, and gains and losses on trading derivatives. Underwriting and advisory fees, which are shown separately in the consolidated statement of income, are excluded.
(2) Refer to Non-GAAP measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com.
(3) Foreign exchange and Other includes trading-related revenues from foreign exchange, commodities and other trading activities of the Bank.
(4) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto.
Scotiabank
Supplementary Financial Information (SFI)
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