CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME For the Years Ended October 31 ($ thousands)
2022
2021
Net Income
$
336,896
$
357,253
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 Unrealized losses from change in fair value (1)
(89,817)
(34,949)
Reclassification to net income, of (gains) losses in the year ( 2)
8
(3,316)
(89,809)
(38,265)
Derivatives designated as cash flow hedges
(Note 10)
Losses from change in fair value (3)
(38,852)
(6,197)
Reclassification to net income, of (gains) losses in the year (4)
(16,508)
(56,121)
(55,360)
(62,318)
Items that will not be subsequently reclassified to net income Unrealized gains (losses) on equity securities designated at fair value through other comprehensive income (5)
(167)
1,053
(145,336)
(99,530)
Comprehensive Income
$
191,560
$
257,723
Comprehensive income for the year attributable to: Shareholders
$
191,560
$
257,433
Non-controlling interests
-
290
Comprehensive Income
$
191,560
$
257,723
Net of income tax of $27,855 (2021 – $10,777). Net of income tax of $6 (2021 – $1,028). Net of income tax of $11,969 (2021 – $1,924). Net of income tax of $5,045 (2021 – $16,566). Net of income tax of $39 (2021 – $326).
(1) (2) (3) (4) (5)
The accompanying notes are an integral part of the consolidated financial statements.
68 | CWB Financial Group 2022 Annual Report
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