Scotiabank Trinidad and Tobago : 15 Mar 2022 – Scotiabank Trinidad and Tobago Limited – Unaudited Financial Statements for the period ended January 31st, 2022

	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.