Parent company information |
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Note 32 Parent company information | The following table presents information regarding the legal entity of Royal Bank of Canada with its subsidiaries presented on an equity accounted basis.
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As at |
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(Millions of Canadian dollars) |
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$ |
97,617 |
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Interest-bearing deposits with banks |
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56,896 |
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153,780 |
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Investments in bank subsidiaries and associated corporations (1) |
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43,546 |
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Investments in other subsidiaries and associated corporations |
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80,216 |
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Assets purchased under reverse repurchase agreements and securities borrowed |
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125,590 |
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Loans, net of allowance for loan losses |
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601,742 |
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Net balances due from bank subsidiaries (1) |
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155,421 |
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$ |
1,314,808 |
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Liabilities and shareholders’ equity |
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$ |
854,833 |
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Net balances due to bank subsidiaries (1) |
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28,201 |
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Net balances due to other subsidiaries |
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38,309 |
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285,447 |
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1,206,790 |
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9,351 |
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98,667 |
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$ |
1,314,808 |
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(1) |
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Bank refers primarily to regulated deposit-taking institutions and securities firms. | Condensed Statements of Income and Comprehensive Income
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For the year ended |
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(Millions of Canadian dollars) |
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Interest and dividend income (1) |
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$ |
19,793 |
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5,615 |
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14,178 |
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5,393 |
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19,571 |
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Provision for credit losses |
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(606 |
) |
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9,466 |
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Income before income taxes |
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10,711 |
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2,088 |
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Net income before equity in undistributed income of subsidiaries |
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8,623 |
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Equity in undistributed income of subsidiaries |
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7,415 |
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$ |
16,038 |
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Other comprehensive income (loss), net of taxes |
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1,463 |
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Total comprehensive income |
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$ |
17,501 |
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(1) |
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Includes dividend income from investments in subsidiaries and associated corporations of $11 million (October 31, 2021 – $5 million). |
(2) |
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Includes a nominal share of profit (loss) from associated corporations (October 31, 2021 – nominal). | Condensed Statements of Cash Flows
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For the year ended |
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(Millions of Canadian dollars) |
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Cash flows from operating activities |
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$ |
16,038 |
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Adjustments to determine net cash from operating activities: |
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Change in undistributed earnings of subsidiaries |
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) |
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(7,415 |
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Change in deposits, net of securitizations |
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72,196 |
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Change in loans, net of securitizations |
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) |
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(46,194 |
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Change in trading securities |
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) |
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(8,756 |
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Change in obligations related to assets sold under repurchase agreements and securities loaned |
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5,228 |
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Change in assets purchased under reverse repurchase agreements and securities borrowed |
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) |
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8,447 |
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Change in obligations related to securities sold short |
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2,405 |
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Other operating activities, net |
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6,316 |
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Net cash from (used in) operating activities |
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48,265 |
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Cash flows from investing activities |
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Change in interest-bearing deposits with banks |
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) |
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(35,293 |
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Proceeds from sales and maturities of investment securities |
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70,260 |
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Purchases of investment securities |
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) |
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(73,150 |
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Net acquisitions of premises and equipment and other intangibles |
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) |
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(1,093 |
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Change in cash invested in subsidiaries |
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) |
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(3,078 |
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Change in net funding provided to subsidiaries |
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) |
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(12,068 |
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Net cash from (used in) investing activities |
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) |
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(54,422 |
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Cash flows from financing activities |
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Issuance of subordinated debentures |
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2,750 |
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Repayment of subordinated debentures |
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(2,500 |
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Issue of common shares, net of issuance costs |
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90 |
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Common shares purchased for cancellation |
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) |
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– |
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Issue of preferred shares and other equity instruments, net of issuance costs |
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2,245 |
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Redemption of preferred shares and other equity instruments |
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) |
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(1,475 |
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Dividends paid on shares and distributions paid on other equity instruments |
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) |
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(6,420 |
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Repayment of lease liabilities |
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) |
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(313 |
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Net cash from (used in) financing activities |
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) |
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(5,623 |
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Net change in cash and due from banks |
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) |
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(11,780 |
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Cash and due from banks at beginning of year |
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109,397 |
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Cash and due from banks at end of year |
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$ |
97,617 |
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Supplemental disclosure of cash flow information |
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$ |
6,306 |
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Amount of interest received |
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17,831 |
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Amount of dividends received |
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2,185 |
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Amount of income taxes paid |
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1,772 |
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