BANK OF NOVA SCOTIA (Form: 6-K, Received: 11/27/2018 11:23:36)

THE BANK OF NOVA SCOTIA

Date: November 27, 2018

/s/ Roula Kataras

Roula Kataras

Acting Chief Accountant

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, 2018		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Form F-3 (File No. 333-215597) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.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.

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

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, 2018:


	As at October 31, 2018
	(in millions of Canadian dollars)
Subordinated Debentures		5,698
Equity
Common Equity
Common Shares		18,234
Retained Earnings		41,414
Accumulated Other Comprehensive Income		992
Other Reserves		404

Total Common Equity		61,044
Preferred Shares and Other Equity Instruments		4,184

Total Equity Attributable to Equity Holders of the Bank		65,228
Non-controlling Interests
Non-controlling Interests in Subsidiaries		2,452

Total Equity		67,680

Total Capitalization		73,378

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, 2018.


	October 31,
	2018		2017		2016		2015		2014

Consolidated Ratios of Earnings to Fixed Charges
Excluding interest on deposits		8.15		9.60		8.18		7.90		8.52
Including interest on deposits		1.88		2.09		2.12		2.18		2.21
Consolidated Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
Excluding interest on deposits		7.02		8.42		7.22		7.07		7.29
Including interest on deposits		1.84		2.06		2.07		2.14		2.15

For purposes of computing these ratios:

•

earnings represent income from continuing operations plus income taxes and fixed charges (excluding capitalized interest and net income from investments in associated corporations);

•

fixed charges, excluding interest on deposits, represent interest (including capitalized interest), estimated interest within rent, and amortization of debt issuance costs; and

•

fixed charges, including interest on deposits, represent all interest.

Exhibit 99.2

Computation of Consolidated Ratio of Earnings


($ in million)	IFRS
	2018		2017		2016		2015		2014


Excluding interest on deposits

Earnings
Income from continuing operations before income taxes		11,106		10,276		9,398		9,066		9,300
less: gain from investees		559		407		414		405		428

		10,547		9,869		8,984		8,661		8,872

Fixed charges		1,475		1,147		1,251		1,255		1,180

Earnings		12,022		11,016		10,253		9,916		10,052


Fixed charges
Interest expense		1,332		1,014		1,123		1,125		1,062
Estimate of the interest within rental expense		143		133		128		130		118

Fixed charges		1,475		1,147		1,251		1,255		1,180

Preference security dividend requirements ⁽¹⁾		238		161		166		147		198

Fixed charges and preferred dividends		1,713		1,308		1,417		1,402		1,378


Ratio of earnings to fixed charges		8.15		9.60		8.18		7.90		8.52

Ratio of earnings to fixed charges and preferred dividends		7.02		8.42		7.22		7.07		7.29

Including interest on deposits
Earnings
Income from continuing operations before income taxes		11,106		10,276		9,398		9,066		9,300
less: gain from investees		559		407		414		405		428

		10,547		9,869		8,984		8,661		8,872

Fixed charges		12,019		9,025		8,044		7,325		7,353

Earnings		22,566		18,894		17,028		15,986		16,225


Fixed charges
Interest expense		11,876		8,892		7,916		7,195		7,235
Estimate of the interest within rental expense		143		133		128		130		118

Fixed charges		12,019		9,025		8,044		7,325		7,353

Preference security dividend requirements ⁽¹⁾		238		161		166		147		198

Fixed charges and preferred dividends		12,257		9,186		8,210		7,472		7,551


Ratio of earnings to fixed charges		1.88		2.09		2.12		2.18		2.21

Ratio of earnings to fixed charges and preferred dividends		1.84		2.06		2.07		2.14		2.15


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