2022-23 SGI CANADA Annual Report
A reconciliation of Level 3 investments is as follows:
Level 3 investments, beginning of the year
Add: Additions during the year:
Mortgage investment fund
Real estate investment fund
Less: Disposals during the year:
Mortgage investment fund
Real estate investment fund
Canadian common shares
Unrealized gains (losses):
Mortgage investment fund
Real estate investment fund
Level 3 investments, end of the year
$
+A
(thousands of $)
2023
2022
224,288
$
205,849
18,361
22,911
3,585
(7,316)
(2,421)
(3,000)
(3,234)
(4,087)
1,784
8,767
$
241,199 $
224,288
Investment in the mortgage investment fund and the real estate investment fund are valued using the Corporation's
share of the net asset value of the respective fund as at March 31, 2023.
During the year ended March 31, 2023, no investments were transferred between levels.
7. Leases
At March 31, 2023, the Corporation held 19 real estate leases, including 15 in Saskatchewan, one in Edmonton, one in
Winnipeg, and two in Toronto. The leases have various expiry dates ranging from April 2023 to January 2031.
Information about the leases is presented below:
Right-of-use assets
(thousands of $)
2023
2022
+A
$
10,685 $
11,604
Balance, beginning of the year
Right-of-use assets:
Additions
Disposals
Accumulated depreciation:
Depreciation
Disposals
1,280
(716)
(2,215)
(2,199)
716
Balance, end of the year
$
8,470 $
10,685
2022-23 SGI CANADA Annual Report 55View entire presentation