SEC Info - Bank of Nova Scotia - ‘F-3/A’ on 12/7/12

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Bank of Nova Scotia – ‘F-3/A’ on 12/7/12 – EX-12.1

On: Friday, 12/7/12, at 4:53pm ET · Accession #: 1193125-12-495482 · File #: 333-185049

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

12/07/12  Bank of Nova Scotia               F-3/A                  4:758K                                   RR Donnelley/FA

Pre-Effective Amendment to Registration Statement of a Foreign Private Issuer for Securities Offered Pursuant to a Transaction — Form F-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: F-3/A       Pre-Effective Amendment No. 1 to Form F-3           HTML    437K 
 2: EX-1.1      Form of Underwriting Agreement for Senior Debt      HTML    109K 
                          Securities                                             
 3: EX-12.1     Statement Regarding the Computation of              HTML     49K 
                          Consolidated Ratio of Earnings                         
 4: EX-23.1     Consent of Kpmg LLP                                 HTML      9K

EX-12.1 — Statement Regarding the Computation of Consolidated Ratio of Earnings

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Statement regarding the computation of consolidated ratio of earnings

Exhibit 12.1

The Bank of Nova Scotia

COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS


	Year Ended October 31,
	2012			2011			2010			2009			2008
	IFRS						Canadian GAAP
	(in millions of Canadian dollars, except for ratios)
EXCLUDING INTEREST ON DEPOSITS
Fixed Charges
Interest expense		1,204			1,252			1,502			2,268			2,611
Estimated interest within rental expense		96			83			73			73			65

Fixed Charges		1,300			1,335			1,575			2,341			2,676
Preference Security Dividend Requirements⁽¹⁾		274			274			282			243			130

Total Combined Fixed Charges and Preferred Dividends		1,574			1,609			1,857			2,584			2,806
Earnings
Income from continuing operations before income taxes		8,046			6,753			6,084			4,794			3,950
Less: Gain (loss) from investees		(442	)		(433	)		(249	)		(102	)		(83	)

Adjusted for: gain/loss from investees		7,604			6,320			5,835			4,692			3,867
Fixed charges		1,300			1,335			1,575			2,341			2,676

Earnings		8,904			7,655			7,410			7,033			6,543
Ratio of Earnings to Fixed Charges, Excluding Interest on Deposits		6.85			5.73			4.70			3.00			2.45
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends, Excluding Interest on Deposits		5.66			4.76			3.99			2.72			2.33

INCLUDING INTEREST ON DEPOSITS
Fixed Charges
Interest expense		7,151			6,841			8,270			10,607			14,742
Estimated interest within rental expense		96			83			73			73			65

Fixed Charges		7,247			6,924			8,343			10,680			14,807
Preference Security Dividend Requirements⁽¹⁾		274			274			282			243			130
Total Combined Fixed Charges and Preferred Dividends		7,521			7,198			8,625			10,923			14,937
Earnings
Income from continuing operations before income taxes		8,046			6,753			6,084			4,794			3,950
Less: gain (loss) from investees		(442	)		(433	)		(249	)		(102	)		(83	)

Adjusted for: gain/loss from investees		7,604			6,320			5,835			4,692			3,867
Fixed charges		7,247			6,924			8,343			10,680			14,807

Earnings		14,851			13,244			14,178			15,372			18,674
Ratio of Earnings to Fixed Charges, Including Interest on Deposits		2.05			1.91			1.70			1.44			1.26
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends, Including Interest on Deposits		1.97			1.84			1.64			1.41			1.25

(1)	Preference security dividend requirements include the amount of pre-tax earnings that is required to pay the dividends on outstanding preference securities.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘F-3/A’ Filing	Date	Other Filings

Filed on:	12/7/12	40-F, 6-K
	10/31/12	40-F, 6-K
		List all Filings

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/27/21  Bank of Nova Scotia               F-3/A                  5:969K                                   Donnelley … Solutions/FA
12/03/21  Bank of Nova Scotia               F-3                    9:894K                                   Donnelley … Solutions/FA

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Filing Submission 0001193125-12-495482 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)