EX-99.1 2 d428141dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

CONSOLIDATED CAPITALIZATION OF THE BANK

The following table sets forth the consolidated capitalization of The Bank of Nova Scotia (the “Bank”) as at July 31, 2023:

 

     As at
July 31, 2023		  
     (in millions of
Canadian dollars)		  

Subordinated Debentures

      9,566  

Equity

   

Common Equity

   

Common Shares

      19,627  

Retained Earnings

      55,783  

Accumulated Other Comprehensive Income

      (7,340 ) 

Other Reserves

      (88 ) 
  

 

 

  

Total Common Equity

      67,982  

Preferred Shares and Other Equity Instruments

      8,075  
  

 

 

  

Total Equity Attributable to Equity Holders of the Bank

      76,057  

Non-controlling Interests

   

Non-controlling Interests in Subsidiaries

      1,661  
  

 

 

  

Total Equity

      77,718  
  

 

 

  

Total Capitalization

      87,284  
  

 

 

  

CONSOLIDATED EARNINGS RATIOS

The following table provides the Bank’s consolidated ratios of earnings to fixed charges, based upon financial information calculated in accordance with IFRS Accounting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) for the nine months period ended July 31, 2023 and for each of the years in the five year period ended October 31, 2022.

 

    Nine Months
Ended
July 31,		     October 31,  
    2023     2022     2021     2020      2019      2018  

Consolidated Ratios of Earnings to Fixed Charges

              

Excluding interest on deposits

     4.72       5.78       9.00       5.91        6.61        8.15  

Including interest on deposits

     1.29       1.82       2.56       1.66        1.67        1.88  

Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Dividends

              

Excluding interest on deposits

     3.96       5.14       7.55       5.16        5.88        7.02  

Including interest on deposits

     1.27       1.78       2.46       1.63        1.65        1.84  

For purposes of computing these ratios:

 

  •  

earnings represent income from continuing operations plus income taxes and fixed charges (excluding capitalized interest and net income from investments in associated corporations);

 

  •  

fixed charges, excluding interest on deposits, represent interest (including capitalized interest), estimated interest within rent, and amortization of debt issuance costs;

 

  •  

fixed charges, including interest on deposits, represent all interest; and

 

  •  

preferred dividends include dividends from preferred shares and other equity instruments.