2018 Annual Report
Summary Consolidated Financial Statements
LS Mutual Management

Summary Consolidated Statement of Comprehensive Income

Year ended December 31, 2018 (in thousands of Canadian dollars)

2018
$
2017
$

Net income

2,777  4,963 

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 $457 ($502 in 2017)]
(1,254) 1,372 
Reclassification as net income of realized gains and losses
[net of income taxes of $32 ($517 in 2017)]
87  (1,413)
Cash flow hedges
Unrealized gains and losses
[net of income taxes of $61 ($126 in 2017)]
166  (346)
Reclassification as net income of realized gains and losses
[net of income taxes of $44 ($130 in 2017)]
121  356 
(880) (31)

Items that will not be reclassified subsequently as net income

Employee benefits
Remeasurement of net defined benefit liability
[net of income taxes of $60 ($236 in 2017)]
(261) (680)
(1 141) (711)

Comprehensive income

1,636  4,252 
Attributable to the policyholders 1,424  3,767 
Attributable to the non-controlling interests 212  485 
1,636  4,252