Summary Consolidated Financial Statements LS Mutual Management

Summary Consolidated Statement of Financial PositionDecember 31, 2014 (in thousands of Canadian dollars)

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2014
$
2013
$

Assets

Investments
Money market 4,937  3,892 
Bonds 258,047  225,719 
Shares 32,540  31,496 
Policy loans 1,640  1,603 
297,164  262,710 
Other asset components
Cash and cash equivalents 11,389  9,394 
Investment income receivable 1,119  1,049 
Premiums receivable 1,969  2,058 
Prepaid commissions 8,583  7,807 
Other assets 9,266  5,248 
Reinsurance assets 133,914  110,628 
Deferred tax assets 157  64 
Investments in associates 1,512  1,138 
Property and equipment 7,360  6,222 
Intangible assets 4,798  4,127 
180,067  147,735 
477,231  410,445 
 
 
2014
$
2013
$

Liabilities

Policy liabilities
Policy reserves 371,897  315,065 
Investment contract liabilities 1,407  1,630 
Deposits 6,880  6,354 
Benefits payable 15,700  10,368 
Provisions 1,660  1,382 
Participations and experience refunds payable 1,174  849 
398,718  335,648 
Other liability components
Other liabilities 14,881  10,254 
Income taxes payable 690  1,681 
Deferred tax liabilities 594  1,594 
Debenture 9,841  9,828 
26,006  23,357 
424,724  359,005 

Equity

Members' equity 58,315  53,403 
Non-controlling interest (46) (13)
Accumulated other comprehensive income (5,762) (1,950)
52,507  51,440 
477,231  410,445 

On behalf of the Board,

Richard Gagnon, Director

Jacques Martineau, Director