CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the Years Ended October 31 ($ thousands)
2021
2020
Net Income
$
357,253
$
271,550
Other Comprehensive Income (Loss), net of tax Items that will be subsequently reclassified to net income Debt securities measured at fair value through other comprehensive income Gains (losses) from change in fair value (1)
(34,949)
14,046
Reclassification to net income ( 2)
(3,316)
(5,900)
(38,265)
8,146
Derivatives designated as cash flow hedges
(Note 11)
Gains (losses) from change in fair value (3)
(6,197)
105,003
Reclassification to net income (4)
(56,121)
(31,855)
(62,318)
73,148
Items that will not be subsequently reclassified to net income Gains on equity securities designated at fair value through other comprehensive income (5)
1,053
528
(99,530)
81,822
Comprehensive Income
$
257,723
$
353,372
Comprehensive income for the year attributable to: Shareholders
$
257,433
$
352,404
Non-controlling interests
290
968
Comprehensive Income
$
257,723
$
353,372
Net of income tax of $10,777 (2020 – $4,623). Net of income tax of $1,028 (2020 – $2,003). Net of income tax of $1,924 (2020 – $34,277). Net of income tax of $16,566 (2020 – $10,843). Net of income tax of $326 (2020 – $171).
(1) (2) (3) (4) (5)
The accompanying notes are an integral part of the consolidated financial statements.
70 | CWB Financial Group 2021 Annual Report
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