Bank of Nova Scotia : CONSOLIDATED CAPITALIZATION OF THE BANK - Form 6-K

CONSOLIDATED CAPITALIZATION OF THE BANK

The following table sets forth the consolidated capitalization of The Bank of Nova Scotia (the "Bank") as at October 31, 2022:

		As at October 31, 2022
		(in millions of Canadian dollars)
Subordinated Debentures			8,469
Equity
Common Equity
Common Shares			18,707
Retained Earnings			53,761
Accumulated Other Comprehensive Income			(7,166	)
Other Reserves			(152	)
Total Common Equity			65,150
Preferred Shares and Other Equity Instruments			8,075
Total Equity Attributable to Equity Holders of the Bank			73,225
Non-controlling Interests
Non-controlling Interests in Subsidiaries			1,524
Total Equity			74,749
Total Capitalization			83,218

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 International Financial Reporting Standards ("IFRS") for each of the years in the five year period ended October 31, 2022.

		October 31,
		2022			2021			2020			2019			2018
Consolidated Ratios of Earnings to Fixed Charges
Excluding interest on deposits			5.78				9.00				5.91				6.61				8.15
Including interest on deposits			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			5.14				7.55				5.16				5.88				7.02
Including interest on deposits			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; and

•

fixed charges, including interest on deposits, represent all interest.