Consolidated Statements of Financial Position

December 31, 2020 with comparative figures for 2019

(in thousands of dollars)

Year ended
December 31, 2020

Year ended
December 31, 2019

Assets

Cash and cash equivalents
$

1,099

$

928

Bonds (note 6) 182,938 162,079
Exchange Traded Funds (note 6) 7,296 7,066

Total Investments

190,234 169,145
Accrued investment income 761 860
Accounts receivable and prepaids 98 81
Property and equipment (note 7) 497 521
Right of use asset – office premises (note 8) 1,046 1,183

Total Assets

193,735 172,718

Liabilities

Accounts payable and accrued liabilities 939 815
Employee future benefits (note 9) 479 480
Lease liability – office premises (note 8) 1,086 1,205

Total Liabilities

2,504 2,500

Members’ Funds

Administrative 3,142 3,717
Liquidity 184,770 166,624

Accumulated Other Comprehensive Income

Net unrealized gain (loss) on investments 3,319 (123)

Total Members’ Funds

191,231 170,218

Total Liabilities and Members’ Funds

193,735 172,718

On behalf of the Board:

Signature of Dan Thornton

Director

Signature of Micheline Dionne

Director