Note 6 - Other Assets

6 Months Ended

Apr. 30, 2023

Statement Line Items [Line Items]

Disclosure of other assets [text block]

6. Other assets:

(thousands of Canadian dollars)
	April 30		October 31		April 30
	2023		2022		2022
Accounts receivable	$	3,070	$	3,774	$	3,750
Prepaid expenses and other		13,593		10,213		10,448
Property and equipment		6,833		6,868		6,872
Right-of-use assets		3,775		4,122		4,470
Deferred tax asset		2,269		2,128		2,315
Interest rate swap		103		-		-
Investment (note 6a)		953		953		953
Goodwill		5,754		5,754		5,754
Intangible assets (note 6b)		10,275		9,363		9,151
	$	46,625	$	43,175	$	43,713

a)     In February 2021, the Bank acquired an 11% investment in Canada Stablecorp Inc. (“Stablecorp”) for cash consideration of $953,000. The Bank has made an irrevocable election to designate this investment at fair value through other comprehensive income at initial recognition and any future changes in the fair value of the investment will be recognized in other comprehensive income (loss). Amounts recorded in other comprehensive income (loss) will not be reclassified to profit and loss at a later date.

b)     As at April 30, 2023, total intangible assets were $10.3 million ( October 31, 2022 - $9.4 million), which includes, $7.3 million ( October 31, 2022 - $6.2 million) in development costs that have been capitalized.