LS Mutual ManagementSummary Consolidated Financial Statements

Summary Consolidated Statement of Financial PositionDecember 31, 2015 (in thousands of Canadian dollars)

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2015 
2014 

Assets

Investments
Money market 3,667  4,937 
Bonds 255,832  258,047 
Shares 40,399  32,540 
Infrastructure funds 10,133 
Policy loans 1,630  1,640 
311,661  297,164 
Other asset components
Cash 13,524  11,389 
Investment income receivable 1,587  1,119 
Premiums receivable 2,132  1,969 
Prepaid commissions 7,885  8,583 
Other assets 10,107  9,266 
Reinsurance assets 141,500  133,914 
Deferred tax assets 400  157 
Investments in associates 154  1,512 
Property and equipment 10,156  7,360 
Intangible assets 14,941  4,798 
202,386  180,067 
514,047  477,231 
 
 
2015 
2014 

Liabilities

Policy liabilities
Policy reserves 386,001  371,897 
Investment contract liabilities 1,408  1,407 
Deposits 8,272  6,880 
Benefits payable 19,034  15,700 
Provisions 1,690  1,660 
Participations and experience refunds payable 1,035  1,174 
417,440  398,718 
Other liability components
Other liabilities 19,461  14,881 
Income taxes payable 88  690 
Deferred tax liabilities 2,548  594 
Debenture 4,928  9,841 
27,025  26,006 
444,465  424,724 

Equity

Member’s equity 62,696  58,315 
Non-controlling interests 14,016  (46)
Accumulated other comprehensive income (7,130) (5,762)
69,582  52,507 
514,047  477,231 

On behalf of the Board,

Richard Gagnon, Director

Jacques Martineau, Director