Equitable Group Inc. (ETC) 2019年年度报告「TSX」.pdf

1、EQUITABLE CANADAS CHALLENGER BANK Fourth Quarter Report 2019 For the three and twelve months ended December 31,2019 EQUITABLE GROUP INC.TABLE OF CONTENTS 1 MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 1 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 2 BU

2、SINESS PROFILE AND OBJECTIVES 17 FINANCIAL OVERVIEW 18 2019 HIGHLIGHTS 20 BUSINESS OUTLOOK 24 FINANCIAL REVIEW EARNINGS 28 FINANCIAL REVIEW BALANCE SHEET 37 SUMMARY OF QUARTERLY RESULTS 39 FOURTH QUARTER OVERVIEW 48 ACCOUNTING POLICY CHANGES 48 CRITICAL ACCOUNTING ESTIMATES 48 DERIVATIVE FINANCIAL I

3、NSTRUMENTS 49 OFF-BALANCE SHEET ACTIVITIES 50 RELATED PARTY TRANSACTIONS 50 RISK MANAGEMENT 65 UPDATED SHARE INFORMATION 65 DISCLOSURE CONTROLS AND PROCEDURES 65 INTERNAL CONTROL OVER FINANCIAL REPORTING 65 CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING 66 NON-GENERALLY ACCEPTED ACCOUNTING PRI

4、NCIPLES(“GAAP”)FINANCIAL MEASURES 71 REPORTS AND CONSOLIDATED FINANCIAL STATEMENTS 72 MANAGEMENTS RESPONSIBILITY FOR FINANCIAL REPORTING 73 INDEPENDENT AUDITORS REPORT 76 CONSOLIDATED BALANCE SHEETS 77 CONSOLIDATED STATEMENTS OF INCOME 78 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 79 CONSOLIDAT

5、ED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY 80 CONSOLIDATED STATEMENTS OF CASH FLOWS 81 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 135 DIRECTORS AND EXECUTIVE OFFICERS 135 SHAREHOLDER AND CORPORATE INFORMATION 2019 1 MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERA

6、TIONS For the three months and year ended December 31,2019 Managements Discussion and Analysis(“MD&A”)is provided to enable readers to assess the financial position and the results of the consolidated operations of Equitable Group Inc.(“Equitable”or the“Company”)for the three months(“quarter”)and ye