Ls mutual management

Summary Consolidated Statement of Financial Position

December 31, 2020 (in thousands of Canadian dollars)

	2020 $	2019 $
Assets
Investment
Cashand cash equivalents	11,498	20,560
Money market	8,982	3,472
Bonds	342,604	304,380
Shares	53,587	41,797
Infrastructure funds	11,235	11,100
Real estate funds	13,076	12,528
Policy loans	1,519	1,612
	442,501	395,449
Other asset components
Other assets	27,022	38,118
Reinsurance assets	251,018	220,843
Deferred tax assets	3,535	2,154
Property and equipment	8,891	9,500
Intangible assets	7,644	9,142
Goodwill	13,670	13,670
	311,780	293,427
Total assets	754,281	688,876

	2020 $	2019 $
LIABILITIES
Policy liabilities
Policy reserves	612,231	539,049
Investment contract liabilities	506	636
Benefits payable	27,030	27,070
Deposits	3,520	6,857
Participations and experience refunds payable	1,189	1,436
	644,476	575,048
Other liability components
Other liabilities	19,196	19,305
Débenture	4,957	4,953
Lease liabilities	586	417
Puttable financial instrumentliabilities	1,956	-
	26,695	24,675
Total liabilities	671,171	599,723
EQUITY
Members’ equity	73,800	77,386
Non-controlling interests	15,039	18,817
Accumulated other comprehensive income	(5,729)	(7,050)
Total equity	83,110	89,153
Total liabilities and equity	754,281	688,876

On behalf of the Board,