Allbanc Split (TSX:ABK.PR.C.PFD) Scaled Net Operating Assets

: -0.30 (As of Aug. 2017)

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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Allbanc Split's operating assets for the quarter that ended in Aug. 2017 was C$-0.00 Mil. Allbanc Split's operating liabilities for the quarter that ended in Aug. 2017 was C$16.64 Mil. Allbanc Split's Total Assets for the quarter that ended in Feb. 2017 was C$55.50 Mil. Therefore, Allbanc Split's scaled net operating assets (SNOA) for the quarter that ended in Aug. 2017 was -0.30.

Allbanc Split Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Allbanc Split's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Feb. 2017 )
=	(Operating Assets (A: Feb. 2017 )	-	Operating Liabilities (A: Feb. 2017 ))	/	Total Assets (A: Feb. 2016 )
=	(55.471	-	16.645)	/	53.587
=	0.72

where

	Operating Assets		(A: Feb. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	55.495	-	0.024
=	55.471

	Operating Liabilities		(A: Feb. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16.645	-	0	-	0
=	16.645

Allbanc Split's Scaled Net Operating Assets (SNOA) for the quarter that ended in Aug. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Aug. 2017 )
=	(Operating Assets (Q: Aug. 2017 )	-	Operating Liabilities (Q: Aug. 2017 ))	/	Total Assets (Q: Feb. 2017 )
=	(-7.105427357601E-15	-	16.644)	/	55.495
=	-0.30

where

	Operating Assets		(Q: Aug. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	51.437	-	51.437
=	-7.105427357601E-15

	Operating Liabilities		(Q: Aug. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	16.644	-	0	-	0
=	16.644

* 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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Allbanc Split (TSX:ABK.PR.C.PFD) Business Description

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Website

http://www.scotiamanagedcompanies.com

Allbanc Split Corp is a mutual fund corporation. The company's portfolio includes shares of various banks to generate income for the holders of its preferred shares and to enable the holders of its capital shares to participate in any capital appreciation in the Portfolio Shares and to benefit from any increase in the dividends payable on the Portfolio Shares.