LS Mutual Management
Summary Consolidated Statement of Changes in Equity
Year ended December 31, 2020 (in thousands of Canadian dollars)
2020 | Members' equity $ | Non-controlling interests $ | Accumulated other comprehensive income $ | Total equity $ |
Balance, beginning of year | 77,386 | 18,817 | (7,050) | 89,153 |
| Reclassification of non-controlling interests to puttable financial instrument liabilities | - | (3,374) | - | (3,374) |
Balance, beginning of year, restated | 77,386 | 15,443 | (7,050) | 85,779 |
| Net income | (3,586) | (640) | - | (4,226) |
| Other comprehensive income | - | 236 | 1,321 | 1,557 |
| (3,586) | (404) | 1,321 | (2,669) | |
Balance, end of year | 73,800 | 15,039 | (5,729) | 83,110 |
2019 | Members’ equity $ | Non-controlling interests $ | Accumulated other comprehensive income $ | Total equity $ |
Balance, beginning of year | 73,314 | 14,388 | (8,398) | 79,304 |
| Adjustment to retained earnings of a subsidiary | 159 | - | - | 159 |
Balance, beginning of year, restated | 73,473 | 14,388 | (8,398) | 79,463 |
| Net income | 3,913 | 670 | - | 4,583 |
| Other comprehensive income | - | 241 | 1,348 | 1,589 |
| 4,072 | 910 | 1,348 | 6,331 | |
| Change in non-controlling interests | - | 3,518 | - | 3,518 |
Balance, end of year | 77,386 | 18,817 | (7,050) | 89,153 |