2018 Annual Report
Summary Consolidated Financial Statements
LS Mutual Management

Summary Consolidated Statement of Financial Position

December 31, 2018 (in thousands of Canadian dollars)

2018
$
2017
$

Assets

Investment

Cash 14,433  13,418 
Money market 6,042  19,225 
Bonds 278,884  278,216 
Shares 39,737  30,704 
Infrastructure funds 10,860  10,345 
Real estate funds 11,471  10,575 
Policy loans 1,578  1,640 
Investment 363,005  364,123 

Other asset components

Other assets 26,160  25,191 
Reinsurance assets 197,409  180,284 
Deferred tax assets 511  385 
Property and equipment 9,060  9,647 
Intangible assets 14,535  15,753 
Other asset components 247,675  231,260 

Total assets

610,680  595,383 
2018
$
2017
$

Liabilities

Policy liabilities

Policy reserves 469,340  458,404 
Investment contract liabilities 688  821 
Benefits payable 26,774  22,577 
Deposits 7,186  7,604 
Participations and experience refunds payable 704  1,492 
Policy liabilities 504,692  490,898 

Other liability components

Other liabilities 20,215  20,119 
Deferred tax liabilities 1,520  1,735 
Debenture 4,949  4,945 
Other liability components 26,684  26,799 

Total liabilities

531,376  517,697 

Equity

Members’ equity 73,314  70,922 
Non-controlling interests 14,388  14,194 
Accumulated other comprehensive income (8,398) (7,430)

Total equity

79,304  77,686 

Total liabilities and equity

610,680  595,383 

On behalf of the Board,

Signed by Stéphane Rochon Stéphane Rochon Director
Signed by Jacques Martineau Jacques Martineau Director