v3.22.2.2
Parent company information (Tables)
 12 Months Ended
Oct. 31, 2022
Parent [member]  
Statement [Line Items]  
Summary of 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.
Condensed Balance Sheets
 
     As at  
(Millions of Canadian dollars)
  
October 31
2022
    
October 31
2021
  
Assets
                
Cash and due from banks
  
$
48,062
 
   $ 97,617  
Interest-bearing deposits with banks
  
 
84,680
 
     56,896  
Securities
  
 
174,615
 
     153,780  
Investments in bank subsidiaries and associated corporations
(1)
  
 
49,841
 
     43,546  
Investments in other subsidiaries and associated corporations
  
 
88,260
 
     80,216  
Assets purchased under reverse repurchase agreements and securities borrowed
  
 
132,829
 
     125,590  
Loans, net of allowance for loan losses
  
 
679,580
 
     601,742  
Net balances due from bank subsidiaries
(1)
 
 
 
7,172
 
 
 
– 
 
Other assets
  
 
227,767
 
     155,421  
 
  
$
1,492,806
 
   $ 1,314,808  
Liabilities and shareholders’ equity
                
Deposits
  
$
955,978
 
   $ 854,833  
Net balances due to bank subsidiaries
(1)
  
 
–
 
     28,201  
Net balances due to other subsidiaries
  
 
36,701
 
     38,309  
Other liabilities
  
 
382,099
 
     285,447  
 
  
 
1,374,778
 
     1,206,790  
Subordinated debentures
  
 
9,964
 
     9,351  
Shareholders’ equity
  
 
108,064
 
     98,667  
 
  
$
1,492,806
 
   $ 1,314,808  
 
(1)   Bank refers primarily to regulated deposit-taking institutions and securities firms.
Condensed Statements of Income and Comprehensive Income
 
     For the year ended  
(Millions of Canadian dollars)
  
October 31
2022
    
October 31
2021
  
Interest and dividend income
(1)
  
$
27,791
 
   $ 19,793  
Interest expense
  
 
12,846
 
     5,615  
Net interest income
  
 
14,945
 
     14,178  
Non-interest
income
(2)
  
 
5,425
 
     5,393  
Total revenue
  
 
20,370
 
     19,571  
Provision for credit losses
  
 
579
 
     (606 ) 
Non-interest
expense
  
 
10,175
 
     9,466  
Income before income taxes
  
 
9,616
 
     10,711  
Income taxes
  
 
2,276
 
     2,088  
Net income before equity in undistributed income of subsidiaries
  
 
7,340
 
     8,623  
Equity in undistributed income of subsidiaries
  
 
8,454
 
     7,415  
Net income
  
$
15,794
 
   $ 16,038  
Other comprehensive income (loss), net of taxes
  
 
5,810
 
     1,463  
Total comprehensive income
  
$
21,604
 
   $ 17,501  
(1)   Includes dividend income from investments in subsidiaries and associated corporations of $11 million (October 31, 2021 – $5 million).
(2)   Includes a nominal share of profit (loss) from associated corporations (October 31, 2021 – nominal).
 
Condensed Statements of Cash Flows
 
     For the year ended  
(Millions of Canadian dollars)
  
October 31
2022
    
October 31
2021
  
Cash flows from operating activities
      
 
        
Net income
  
$
15,794
 
   $ 16,038  
Adjustments to determine net cash from operating activities:
      
 
        
Change in undistributed earnings of subsidiaries
  
 
(8,454
)
     (7,415 ) 
Change in deposits, net of securitizations
  
 
101,145
 
     72,196  
Change in loans, net of securitizations
  
 
(78,288
)
     (46,194 ) 
Change in trading securities
  
 
(10,348
)
     (8,756 ) 
Change in obligations related to assets sold under repurchase agreements and securities loaned
  
 
24,133
 
     5,228  
Change in assets purchased under reverse repurchase agreements and securities borrowed
  
 
(7,239
)
     8,447  
Change in obligations related to securities sold short
  
 
3,024
 
     2,405  
Other operating activities, net
  
 
2,385
 
     6,316  
Net cash from (used in) operating activities
  
 
42,152
 
     48,265  
Cash flows from investing activities
      
 
        
Change in interest-bearing deposits with banks
  
 
(27,784
)
     (35,293 ) 
Proceeds from sales and maturities of investment securities
  
 
59,304
 
     70,260  
Purchases of investment securities
  
 
(71,509
)
     (73,150 ) 
Net acquisitions of premises and equipment and other intangibles
  
 
(1,180
)
     (1,093 ) 
Change in cash invested in subsidiaries
  
 
(2,514
)
     (3,078 ) 
Change in net funding provided to subsidiaries
  
 
(36,981
)
     (12,068 ) 
Net cash from (used in) investing activities
  
 
(80,664
)
     (54,422 ) 
Cash flows from financing activities
      
 
        
Issuance of subordinated debentures
  
 
1,000
 
     2,750  
Repayment of subordinated debentures
  
 
–
 
     (2,500 ) 
Issue of common shares, net of issuance costs
  
 
51
 
     90  
Common shares purchased for cancellation
  
 
(5,426
)
     –  
Issue of preferred shares and other equity instruments, net of issuance costs
  
 
749
 
     2,245  
Redemption of preferred shares and other equity instruments
  
 
(155
)
     (1,475 ) 
Dividends paid on shares and distributions paid on other equity instruments
  
 
(6,960
)
     (6,420 ) 
Repayment of lease liabilities
  
 
(302
)
     (313 ) 
Net cash from (used in) financing activities
  
 
(11,043
)
     (5,623 ) 
Net change in cash and due from banks
  
 
(49,555
)
     (11,780 ) 
Cash and due from banks at beginning of year
  
 
97,617
 
     109,397  
Cash and due from banks at end of year
  
$
48,062
 
   $ 97,617  
Supplemental disclosure of cash flow information
      
 
        
Amount of interest paid
  
$
7,801
 
   $ 6,306  
Amount of interest received
  
 
21,332
 
     17,831  
Amount of dividends received
  
 
2,618
 
     2,185  
Amount of income taxes paid
  
 
4,641
 
     1,772