Give the annual income statement of 2018 and 2019 in excel sheet of the following company...
Give the annual income statement of 2018 and 2019 in excel sheet of the following company
Royal bank of Canada
Bank of Nova Scotia
Homework Answers
Please find the Income Statement for the following companies (2018 & 2019):
1.Royal Bank of Canada:
| Particulars | 2018 | 2019 |
| Interest Income | 33.02B | 41.33B |
| Interest and Fees on Loans | 21.25B | 24.86B |
| Interest Income on Fed. Funds | 5.54B | 8.96B |
| Interest Income on Fed. Repos | - | - |
| Interest on Bank Deposits | 566M | 683M |
| Other Interest or Dividend Income | 5.67B | 6.83B |
| Total Interest Expense | 15.07B | 21.58B |
| Interest Expense on Bank Deposits | 9.84B | 12.99B |
| Other Interest Expense | 5.23B | 8.6B |
| Interest Expense on Debt | 322M | 365M |
| Interest Capitalized | - | - |
| Other Borrowed Funds | 4.91B | 8.23B |
| Particulars | 2018 | 2019 |
| Net Interest Income | 17.95B | 19.75B |
| Loan Loss Provision | 1.31B | 1.86B |
| Net Interest Income after Provision | 16.65B | 17.89B |
| Non-Interest Income | 23.51B | 25.19B |
| Securities Gain | 147M | 125M |
| Trading Account Income | 1.15B | 995M |
| Trust Income, Commissions & Fees | 16.6B | 16.74B |
| Commission & Fee Income | 7.67B | 7.37B |
| Other Operating Income | 5.61B | 7.33B |
| Non-Interest Expense | 25.51B | 28.22B |
| Labor & Related Expense | 13.78B | 14.6B |
| Equipment Expense | 3.15B | 3.41B |
| Other Operating Expense | 8.01B | 9.59B |
| Operating Income | 14.64B | 14.85B |
| Non-Operating Income (Expense) | 1.1B | 986M |
| Non-Operating Interest Income | - | - |
| Miscellaneous Non Operating Expense | 1.1B | 986M |
| Equity in Affiliates (Pretax) | - | - |
| Unusual Expense | - | - |
| Pretax Income | 15.74B | 15.84B |
| Income Taxes | 3.33B | 3.04B |
| Income Tax - Current - Domestic | 3.13B | 3.2B |
| Income Tax - Current - Foreign | - | - |
| Income Tax - Deferred - Domestic | 201M | (156M) |
| Income Tax - Deferred - Foreign | - | - |
| Income Tax Credits | - | - |
| Equity in Affiliates | 21M | 76M |
| Other After Tax Income (Expense) | - | - |
| Consolidated Net Income | 12.43B | 12.87B |
| Minority Interest Expense | 31M | 11M |
| Net Income | 12.4B | 12.86B |
| Extraordinaries & Discontinued Operations | - | - |
| Extra Items & Gain/Loss Sale Of Assets | - | - |
| Cumulative Effect - Accounting Chg | - | - |
| Discontinued Operations | - | - |
| Net Income After Extraordinaries | - | - |
| Preferred Dividends | 285M | 269M |
| Net Income Available to Common | 12.12B | 12.59B |
| EPS (Basic) | 8.39 | 8.78 |
| Basic Shares Outstanding | 1.44B | 1.43B |
| EPS (Diluted) | 8.36 | 8.75 |
| Diluted Shares Outstanding | 1.45B | 1.44B |
2.Bank of Nova Scotia:
| Particulars | 2018 | 2019 |
| Total Revenue | $35,486,000 | $30,954,000 |
| Cost of Revenue | $10,554,000 | $8,029,000 |
| Gross Profit | $0 | $0 |
| Operating Expenses | ||
| Research and Development | $0 | $0 |
| Sales, General and Admin. | $11,933,000 | $10,820,000 |
| Non-Recurring Items | $0 | $0 |
| Other Operating Items | $3,104,000 | $2,634,000 |
| Operating Income | $0 | $0 |
| Add'l income/expense items | $0 | $0 |
| Earnings Before Interest and Tax | $9,895,000 | $9,471,000 |
| Interest Expense | $1,321,000 | $1,014,000 |
| Earnings Before Tax | $8,575,000 | $8,457,000 |
| Income Tax | $1,881,000 | $1,814,000 |
| Minority Interest | $0 | $0 |
| Equity Earnings/Loss Unconsolidated Subsidiary | -$310,000 | -$134,000 |
| Net Income-Cont. Operations | $6,383,000 | $6,509,000 |
| Net Income | $6,383,000 | $6,509,000 |
| Net Income Applicable to Common Shareholders | $6,245,000 | $6,367,000 |
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