LS Mutual Management
Summary Consolidated Statement of Comprehensive Income
Year ended December 31, 2020 (in thousands of Canadian dollars)
| 2020 $ | 2019 $ | |
Net income | (4,226) | 4,583 |
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 $427 ($1,026 in 2019)] | (1,186) | 2,825 |
| Reclassification as net income of realized gains and losses [net of income taxes of $32 ($581 in 2019)] | (89) | (1,603) |
| Cash flow hedges Unrealized gains and losses [net of income taxes of $61 ($86 in 2019)] | (168) | (240) |
| Reclassification as net income of realized gains and losses [net of income taxes of $7 ($37 in 2019)] | 19 | 102 |
| 948 | 1,084 | |
Items that will not be reclassified subsequently as net income | ||
| Employee benefits Remeasurement of net defined benefit liability [net of income taxes of $220 ($182 in 2019)] | 609 | 505 |
| 1,557 | 1,589 | |
COMPREHENSIVE INCOME | (2,669) | 6,172 |
| Attributable to the policyholders | (2,265) | 5,262 |
| Attributable to the non-controlling interests | (404) | 910 |
| (2,669) | 6,172 |