Bank of Nova Scotia (Bank of Nova Scotia) Intangible Assets

: $12,651 Mil (As of Jan. 2024)

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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Bank of Nova Scotia's intangible assets for the quarter that ended in Jan. 2024 was $12,651 Mil.

Bank of Nova Scotia Intangible Assets Historical Data

The historical data trend for Bank of Nova Scotia's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 13,242.10 [6] => 12,872.60 [7] => 13,353.71 [8] => 12,296.74 [9] => 12,538.65 )

Bank of Nova Scotia Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Intangible Assets

13,242.10

12,872.60

13,353.71

12,296.74

12,538.65

Bank of Nova Scotia Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Intangible Assets																12,792.43	12,901.22	13,066.38	12,538.65	12,650.67

Bank of Nova Scotia Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Bank of Nova Scotia (NYSE:BNS) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Bank of Nova Scotia Intangible Assets Related Terms

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Bank of Nova Scotia (Bank of Nova Scotia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Nova Scotia (NYSE:BNS) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

BNSPF.PFD:USA BNS:Mexico BKN:Germany BKN:Germany BNS.PR.I.PFD:Canada BNS:Canada

Address

1709 Hollis Street, Scotia Plaza, 8th floor, Halifax, NS, CAN, B3J 1W1

Website

https://www.scotiabank.com

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America.