Equitable Group Inc. (ETC) 2020年年度报告「TSX」.pdf

1、EQUITABLECANADAS CHALLENGER BANKFourth Quarter Report 2020For the three and twelve months ended December 31,2020TSX.EQB|EQB.PR.CPage.1 Managements discussion and analysis of financial condition and results of operationsFor the three months and year ended December 31,2020 Managements Discussion and A

2、nalysis(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 Bank)for the three months(quarter)and year ended December 31,2020.This MD&A should be read in conjunction with the Banks unaudited inter

3、im consolidated financial statements for the fourth quarter(see Tables 25-27 in the Fourth quarter overview section of this report)and the audited consolidated financial statements and accompanying notes for the year ended December 31,2020.All amounts are in Canadian dollars.This report,and the info

4、rmation provided herein,is dated as at February 22,2021.The Banks continuous disclosure materials,including interim filings,annual MD&A and Consolidated Financial Statements,Annual Information Form,Notice of Annual Meeting of Shareholders and Proxy Circular are available on the Banks website at www.

5、equitablebank.ca and on SEDAR at .Table of contents01 Managements discussion and analysis of financialconditionandresultsofoperations02 Cautionary note regarding forward-looking statements03 Select financial and other highlights05 Overview and outlook20 Significant development COVID-19 22 Financial

6、results summary and segment performance29 Financial review earnings32 Financial review balance sheet46 Fourth quarter overview54 Accounting policy changes54 Critical accounting estimates55 Derivative financial instruments56 Off-balance sheet activities56 Related party transactions56 Risk management7