2016 Annual report

LS Mutual Management

Summary Consolidated Statement of Comprehensive Income

Year ended December 31, 2016 (in thousands of Canadian dollars)

2016
$
2015
$

Net income

4,628  4,521 

Other comprehensive income

Items that will be reclassified subsequently as net income

Available for sale financial assets
Unrealized gains and losses
[net of income taxes of $714 ($367 in 2015)]
1,939  (996)
Reclassification as net income of realized gains and losses
[net of income taxes of $476 ($17 in 2015)]
(1,292) 47 
Cash flow hedges
Unrealized gains and losses
[net of income taxes of $63 ($363 in 2015)]
(169) 987 
Reclassification as net income of realized gains and losses
[net of income taxes of $220 ($276 in 2015)]
(599) (750)
(121) (712)

Items that will not be reclassified subsequently as net income

Employee benefits
Remeasurement of net defined benefit liability
[net of income taxes of $176 ($241 in 2015)]
478  (656)
357  (1,368)

Comprehensive Income

4,985  3,153 
Attributable to the policyholders 4,159  3,013 
Attributable to the non-controlling interests 826  140 
4,985  3,153