XML 39 R11.htm IDEA: XBRL DOCUMENT v3.24.0.1
Note 6 - Other Assets
3 Months Ended
Jan. 31, 2024
Statement Line Items [Line Items]  
Disclosure of other assets [text block]

6.

Other assets:

 

(thousands of Canadian dollars)

            
  

January 31

  

October 31

  

January 31

 
  

2024

  

2023

  

2023

 
             

Accounts receivable

 $4,149  $3,858  $3,406 

Prepaid expenses and other

  20,195   22,130   19,491 

Property and equipment

  24,180   6,536   6,698 

Right-of-use assets

  3,255   3,427   3,948 

Deferred income tax asset

  3,075   4,058   2,003 

Interest rate swap

  587   1,517   49 

Investment (note 6a)

  953   953   953 

Goodwill

  5,754   5,754   5,754 

Intangible assets

  2,692   2,791   3,086 
             
  $64,840  $51,024  $45,388 

 

 

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.