Scotiabank Trinidad and Tobago : 15 Mar 2022 – Scotiabank Trinidad and Tobago Limited – Unaudited Financial Statements for the period ended January 31st, 2022
March 15, 2022 at 04:37 pm
Share
UNAUDITED
UNAUDITED
AUDITED
Three months ended
Three months ended
Year ended
31 January 2022
31 January 2021
31 October 2021
NET INCOME FOR THE YEAR
185,451
145,997
603,525
OTHER COMPREHENSIVE
INCOME
Remeasurement of
post-employment benefits
-
asset/obligation, net of tax
-
66,278
Fair value remeasurement of debt
(3,053)
instruments at FVOCI, net of tax
(5,968)
19,593
TOTAL COMPREHENSIVE
INCOME, ATTRIBUTABLE
TO EQUITY HOLDERS
182,398
140,029
689,396
Scotiabank Trinidad And Tobago Limited
Financial results for the period ended 31 January 2022
Consolidated statement of changes in equity (stated in $'000)
Segment reporting (stated in $'000)
Retail Corporate
& Commercial
Asset
Insurance
Banking
Management
Services
Other
Total
UNAUDITED
Three months ended 31 January 2022
Total Revenue
430,211
4,183
40,521
-
474,915
Material non-cash items
Depreciation
8,218
-
-
-
8,218
Income before taxation
247,417
3,479
33,344
-
284,240
Assets
16,290,047
46,090
2,501,803
8,883,537
27,721,477
Liabilities
20,734,855
942
1,748,823
960,533
23,445,153
UNAUDITED
Three months ended 31 January 2021
Total Revenue
399,388
1,952
39,847
-
441,188
Material non-cash items
Depreciation
7,823
-
-
-
7,823
Income before taxation
182,410
1,295
34,646
-
218,354
Assets
16,191,750
36,170
2,416,473
8,769,807
27,414,201
Liabilities
20,673,945
344
1,640,744
937,406
23,252,439
AUDITED
Year ended 31 October 2021
Total Revenue
1,568,315
10,197
151,700
-
1,730,212
Material non-cash items
Depreciation
30,439
-
-
-
30,439
Income before taxation
786,003
7,612
126,089
-
919,704
Assets
15,729,895
42,780
2,423,349
8,975,068
27,171,092
Liabilities
20,241,852
574
1,703,040
981,808
22,927,274
Significant Accounting Policies:
Basis of preparation
These financial statements, in all material aspects, have been prepared in accordance with International Financial Reporting Standards. The accounting policies used in the preparation of the financial statements are the same as were followed in the financial statements as at 31 October 2021.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Scotiabank Trinidad and Tobago Ltd. published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 20:36:14 UTC.
Scotiabank Trinidad and Tobago Limited offers a range of banking and financial services. The Companyâs segments include Retail, Corporate & Commercial, Asset Management, Insurance Services and Other. The Retail, Corporate & Commercial segment includes the provision of loans, deposits, trade financing and other financial services to businesses and individuals. Other segment includes the functions of a centralized treasury unit and other centralized services. Its banking and investing includes chequing accounts, savings accounts and investing. Its financing products include working capital, term financing, risk management, structured finance and investment banking. Its cash management services, such as account management services, payable services, receivable services, and merchant services. Its merchant services include Scotia eCom+, credit and debit card processing and cash management devices. Its international trade service includes domestic and cross-border trade finance solutions.
Scotiabank Trinidad and Tobago : 15 Mar 2022 – Scotiabank Trinidad and Tobago Limited – Unaudited Financial Statements for the period ended January 31st, 2022