2022-23 SGI CANADA Annual Report
Consolidated Statement of Financial Position
(thousands of $)
Assets
March 31
2023
March 31
2022
Cash and cash equivalents (note 4)
Accounts receivable (note 5)
Income tax receivable
Investments under securities lending program (note 6)
Investments (note 6)
Unpaid claims recoverable from reinsurers (note 10)
$
43,066 $
324,399
53,492
301,055
24,588
9,124
463,673
361,031
998,208
990,289
27,432
53,519
Reinsurers' share of unearned premiums (note 12)
Deferred policy acquisition costs (note 11)
Right-of-use assets (note 7)
Property and equipment (note 8)
Intangible assets (note 9)
Prepaid expenses
Deferred income tax asset (note 15)
56,965
42,069
142,505
132,565
8,470
10,685
17,729
15,356
2,679
3,670
6,740
4,733
5,924
5,336
$
2,122,378
$
1,982,924
Liabilities
Accounts payable and accrued liabilities
Dividend payable
Premium taxes payable
Amounts due to reinsurers
Unearned reinsurance commissions
$
+A
86,099 $
74,110
5,000
10,517
9,404
48,764
43,658
6,088
5,092
Unearned premiums (note 12)
605,427
552,485
Accrued pension liabilities (note 19)
10,248
11,818
Provision for unpaid claims (note 10)
791,736
740,299
Lease liability (note 7)
9,108
11,293
Deferred income tax liability (note 15)
364
442
$
1,568,351
$
1,453,601
Equity
Equity advances (note 13)
Retained earnings
Total equity
80,000
80,000
474,027
449,323
554,027
529,323
$
2,122,378
$
1,982,924
Commitments and contingencies (note 23)
The accompanying notes are an integral part of these consolidated financial statements.
Approved by the Board of Directors and signed on their behalf on May 25, 2023.
Denis Perrault
Director
Janice Wallace
Jamis
Janice Wallace
Director
2022-23 SGI CANADA Annual Report 35View entire presentation