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Bank Of Nova Scotia 6-K, filed Nov 30, 2021

Bank Of Nova Scotia (BNS)

6-K 2021-11-30 For: 2021-11-30
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Added on July 07, 2026

About this 6-K

Bank Of Nova Scotia filed this 6-K on November 30, 2021.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of: November, 2021 Commission File Number: 002-09048

THE BANK OF NOVA SCOTIA

(Name of registrant)

44 King Street West, Scotia Plaza, Toronto, Ontario, M5H 1H1

(416) 933-4103

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F  ☐            Form 40-F   ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

This report on Form 6-K shall be deemed to be incorporated by reference in The Bank of Nova Scotia’s registration statements on Form S-8 (File No. 333-199099) and Form F-3 (File No. 333-228614) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

THE BANK OF NOVA SCOTIA
Date: November 30, 2021 By: /s/ Roula Kataras
Name: Roula Kataras
Title: Senior Vice-President & Chief Accountant

EXHIBIT INDEX

Exhibit Description of Exhibit
99.1 Consolidated Capitalization and Consolidated Earnings Ratios
99.2 Statement Regarding the Computation of Consolidated Ratio of Earnings

EX-99.1

Exhibit 99.1

CONSOLIDATED CAPITALIZATION OF THE BANK

The following table sets forth the consolidated capitalization of The Bank of Nova Scotia (the “Bank”) as at October 31, 2021:

As at<br>October 31, 2021
(in millions ofCanadian dollars)
Subordinated Debentures 6,334
Equity
Common Equity
Common Shares 18,507
Retained Earnings 51,354
Accumulated Other Comprehensive Income (5,333 )
Other Reserves 222
Total Common Equity 64,750
Preferred Shares and Other Equity Instruments 6,052
Total Equity Attributable to Equity Holders of the Bank 70,802
Non-controlling Interests
Non-controlling Interests in Subsidiaries 2,090
Total Equity 72,892
Total Capitalization **** 79,226 ****

CONSOLIDATED EARNINGS RATIOS

The following table provides the Bank’s consolidated ratios of earnings to fixed charges, based upon financial information calculated in accordance with International Financial Reporting Standards (“IFRS”) for each of the years in the five year period ended October 31, 2021.

October 31,
2021 2020 2019 2018 2017
Consolidated Ratios of Earnings to Fixed Charges
Excluding interest on deposits 9.00 5.91 6.61 8.15 9.60
Including interest on deposits 2.56 1.66 1.67 1.88 2.09
Consolidated Ratios of Earnings to Combined Fixed Charges andPreferred Dividends
Excluding interest on deposits 7.55 5.16 5.88 7.02 8.42
Including interest on deposits 2.46 1.63 1.65 1.84 2.06

For purposes of computing these ratios:

• earnings represent income from continuing operations plus income taxes and fixed charges (excluding capitalized<br>interest and net income from investments in associated corporations);
• fixed charges, excluding interest on deposits, represent interest (including capitalized interest), estimated<br>interest within rent, and amortization of debt issuance costs; and
--- ---
• fixed charges, including interest on deposits, represent all interest.
--- ---

EX-99.2

Exhibit 99.2

Computation of Consolidated Ratio of Earnings

( in million) IFRS
2021 2020 2019 2018 2017
Excluding interest on deposits
Earnings
Income from continuing operations before income taxes 12,826 8,396 11,270 11,106 10,276
less: gain from investees 339 242 650 559 407
12,487 8,154 10,620 10,547 9,869
Fixed charges 1,560 1,661 1,894 1,475 1,147
Earnings 14,047 9,815 12,514 12,022 11,016
Fixed charges
Interest expense 1,560 1,661 1,736 1,332 1,014
Estimate of the interest within rental expense — — 158 143 133
Fixed charges 1,560 1,661 1,894 1,475 1,147
Preference security dividend<br>requirements(1) 300 240 233 238 161
Fixed charges and preferred dividends 1,860 1,901 2,127 1,713 1,308
Ratio of earnings to fixed charges **** 9.00 **** **** 5.91 **** **** 6.61 **** **** 8.15 **** **** 9.60 ****
Ratio of earnings to combined fixed charges and preferred dividends **** 7.55 **** **** 5.16 **** **** 5.88 **** **** 7.02 **** **** 8.42 ****
Including interest on deposits
Earnings
Income from continuing operations before income taxes 12,826 8,396 11,270 11,106 10,276
less: gain from investees 339 242 650 559 407
12,487 8,154 10,620 10,547 9,869
Fixed charges 8,025 12,392 15,765 12,019 9,025
Earnings 20,512 20,546 26,385 22,566 18,894
Fixed charges
Interest expense 8,025 12,392 15,607 11,876 8,892
Estimate of the interest within rental expense — — 158 143 133
Fixed charges 8,025 12,392 15,765 12,019 9,025
Preference security dividend<br>requirements(1) 300 240 233 238 161
Fixed charges and preferred dividends 8,325 12,632 15,998 12,257 9,186
Ratio of earnings to fixed charges **** 2.56 **** **** 1.66 **** **** 1.67 **** **** 1.88 **** **** 2.09 ****
Ratio of earnings to combined fixed charges and preferred dividends **** 2.46 **** **** 1.63 **** **** 1.65 **** **** 1.84 **** **** 2.06 ****

All values are in US Dollars.

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