Consolidated Statement of Comprehensive Income

Year ended December 31, 2020 with comparative figures for 2019

(in thousands of dollars)

Year ended
December 31, 2020

Year ended
December 31, 2019

Revenue

   
Investment income (note 10)
$

3,088

$

2,898

Administrative Assessment (note 12) 6,000 6,000
Other income 3
Operating Revenue 9,088 8,901

Expenses

   
Salaries and benefits 3,844 3,508
Professional fees 1,041 460
Directors fees 530 564
Travel and meetings 35 233
External services 226 220
General office and administration 1,041 1,018
Operating expenses 6,717 6,003
Net Operating Income 2,371 2,898

Members’ Contributions

   
Specific Assessment (note 11) 15,200 15,200
Net Income 17,571 18,098

Other Comprehensive Income (OCI)

   
OCI, beginning of the year (123) (1,046)
OCI, end of the year 3,319 (123)
Net change during the year 3,442 923

Total Comprehensive Income

21,013 19,021