Economic Performance
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Our most direct contribution comes through maintaining a strong business with solid earnings and profits. This allows us to pay our employees and suppliers, contribute taxes and revenues to government and provide dividends to our shareholders.
For further details about our business strategy and financial performance, see TD’s 2010 Annual Report to Shareholders.
TD Bank Group’s Economic Contribution
(millions of Canadian dollars)2010 2009 2008 Total revenues 19,565 17,860 14,669 Direct Economic Value Generated Operating costs1 3,766 3,655 2,888 Salaries and benefits 5,960 5,839 4,984 Amount of income taxes paid (refunded) during the year 917 (1,198) 1,905 Dividends paid 1,766 1,791 1,636 Community giving 58 59 59 Economic value retained 7,098 7,714 3,197
1 Operating costs include occupancy, equipment, marketing, professional services and communications. Refer to the 2010 Consolidated Financial Statements for more information.