December 31, 2018 with comparative figures for 2017 (in thousands of dollars)
Year ended |
Year ended |
|
Assets |
||
| Cash and cash equivalents | $ 2,113 |
$ 894 |
| Bonds (note 7) | ||
| Held by custodian | 144,793 | 112,880 |
| Used under securities lending | – | 14,847 |
| Exchange Traded Funds (note 7) | ||
| Held by custodian | 4,225 | 3,317 |
| Used in securities lending | – | 975 |
Total Investments |
149,018 | 132,019 |
| Accrued investment income | 651 | 602 |
| Accounts receivable and prepaids | 76 | 44 |
| Property and equipment (note 8) | 635 | 687 |
Total Assets |
152,493 | 134,246 |
Liabilities |
||
| Accounts payable and accrued liabilities | 826 | 855 |
| Employee future benefits (note 9) | 470 | 443 |
Total Liabilities |
1,296 | 1,298 |
Members’ Funds |
||
| Administrative | 3,568 | 3,065 |
| Liquidity | 148,675 | 131,288 |
Accumulated Other Comprehensive Income |
||
| Net unrealized loss on investments | (1,046) | (1,405) |
Total Members’ Funds |
151,197 | 132,948 |
Total Liabilities and Members’ Funds |
152,493 | 134,246 |
The accompanying notes are an integral part of these consolidated financial statements
On behalf of the Board: