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 April 30, 2021:

		As at April 30, 2021
		(in millions of Canadian dollars)
Subordinated Debentures			6,439
Equity
Common Equity
Common Shares			18,377
Retained Earnings			48,713
Accumulated Other Comprehensive Income			(3,979	)
Other Reserves			348
Total Common Equity			63,459
Preferred Shares and Other Equity Instruments			4,549
Total Equity Attributable to Equity Holders of the Bank			68,008
Non-controlling Interests
Non-controlling Interests in Subsidiaries			2,414
Total Equity			70,422
Total Capitalization			76,861

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 the six months period ended April 30, 2021 and for each of the years in the five year period ended October 31, 2020.

		Six Months Ended April 30,			October 31,
		2021			2020			2019			2018			2017			2016
Consolidated Ratios of Earnings to Fixed Charges
Excluding interest on deposits			9.06				5.91				6.61				8.15				9.60				8.18
Including interest on deposits			2.47				1.66				1.67				1.88				2.09				2.12
Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
Excluding interest on deposits			7.52				5.16				5.88				7.02				8.42				7.22
Including interest on deposits			2.38				1.63				1.65				1.84				2.06				2.07

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.