LS Mutual ManagementSummary Consolidated Financial Statements

Notes to Summary Consolidated Financial StatementsYear ended December 31, 2015 (in thousands of Canadian dollars)

  1. Criteria for the Preparation of Summary Consolidated Financial Statements

    LS Mutual Management (hereinafter the “Company”) prepared consolidated financial statements in accordance with International Financial Reporting Standards (IFRS). The consolidated financial statements were approved and authorized for issue by the Board of Directors on February 25, 2016. The independent auditor expressed an unmodified opinion on these consolidated financial statements in the independent auditor’s report dated February 25, 2016.

    The Company elected to prepare summary consolidated financial statements using the following criteria:

    1. Presentation of one set of consolidated financial statements, except for the consolidated statement of cash flows and the notes to consolidated financial statements;
    2. Use of the same format in the summary consolidated financial statements as that used for the consolidated financial statements, except for the references to the notes;
    3. Exclusion of the notes to consolidated financial statements, unless their omission prevents users from obtaining a structured view of the Company’s economic resources and obligations at a given time or of any changes during a period.
  2. Availability of the Consolidated Financial Statements

    The audited consolidated financial statements are available on Humania Assurance Inc.’s website after they have been presented at the general meeting.

    Additionally, a paper copy of the consolidated financial statements may be obtained by contacting Humania Assurance Inc.