Consolidated Statement of Comprehensive Income

Year ended December 31, 2019 with comparative figures for 2018

(in thousands of dollars)

Year ended
December 31, 2019

Year ended
December 31, 2018

Revenue

   
Investment income (note 10)
$

2,898

$

2,302

Administrative Assessment (note 12) 6,000 6,000
Other income 3
Operating Revenue 8,901 8,302

Expenses

   
Salaries and benefits 3,508 3,172
Professional fees 460 469
Directors fees 564 568
Travel and meetings 233 206
External services 220 250
General office and administration 1,018 947
Operating expenses 6,003 5,612
Net Operating Income 2,898 2,690

Members’ Contributions

   
Specific Assessment (note 11) 15,200 15,200
Net Income 18,098 17,890

Other Comprehensive Income (OCI)

   
OCI, beginning of the year (1,046) (1,405)
OCI, end of the year (123) (1,046)
Net change during the year 923 359

Total Comprehensive Income

19,021 18,249