2016 Annual report

LS Mutual Management

Summary Consolidated Statement of Financial Position

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

2016
$
2015
$

Assets

Investment

Cash 14,195  13,524 
Money market 23,959  3,667 
Bonds 250,320  255,832 
Shares 26,670  40,399 
Infrastructure funds 10,222  10,133 
Real estate funds 10,249  -
Policy loans 1,578  1,630 
337,193  325,185 

Other asset components

Investment income receivable 1,570  1,587 
Premiums receivable 2,111  2,132 
Prepaid commissions 8,176  7,885 
Other assets 8,503  10,261 
Reinsurance assets 150,725  141,500 
Deferred tax assets 365  400 
Property and equipment 10,440  10,156 
Intangible assets 15,823  14,941 
197,713  188,862 
534,906  514,047 


2016
$
2015
$

Liabilities

Policy liabilities

Policy reserves 405,784  386,001 
Investment contract liabilities 1,201  1,408 
Benefits payable 18,969  20,724 
Deposits 8,437  8,272 
Participations and experience refunds payable 841  1,035 
435,232  417,440 

Other liability components

Other liabilities 18,116  19,549 
Deferred tax liabilities 2,165  2,548 
Debenture 4,937  4,928 
25,218  27,025 
460,450  444,465 

Equity

Members’ equity 66,552  62,696 
Non-controlling interests 14,731  14,016 
Accumulated other comprehensive income (6,827) (7,130)
74,456  69,582 
534,906  514,047