Topic:"Asset Management" in M12241

Impairment Financial assets measured at amortized cost are tested for impairment when there are indicators of impairment. The amount of any write-down is recognized in net surplus. Any previously recognized impairment loss may be reversed...

AI summary The text outlines the impairment testing process for financial assets measured at amortized cost, specifying that write-downs are recognized in net surplus. It also explains that prior impairment losses may be reversed, subject to certain accounting adjustments and limitations.

Investments Investments consist of a mix of guaranteed investment certificates, pooled fund investments, and investments in private equity. Pooled fund investments and guaranteed investment certificates are stated at fair value on a trade...

AI summary The section outlines investment types (guaranteed investment certificates, pooled funds, private equity) and their valuation methods (fair value, amortized cost). Fixed income investments maturing within one year are classified as short-term. Pooled fund valuations rely on administrator-provided unit values reflecting proportionate net assets.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2024 (IN THOUSANDS) ( ) in d 4. I N V E S T M E N T S t co n ue 20 24 20 23 dis bu Inv tri tio est nt me ns $ 72 9 $ 52 1 lize d g ( los ) o le f in Re ain stm...

AI summary The notes detail investment-related financial figures for 2024 and 2023, including a stabilization allocation used to fund eligible expenses when annual investment proceeds fall short of expectations. Key figures include reserves, losses, and investment management costs.

i) Cash Credit risk associated with cash is minimized by investing these assets in shortterm interest-bearing deposits of a Canadian bank with credit ratings that comply with the Corporation's banking and investment policy.

AI summary The Corporation minimizes credit risk by investing cash in short-term interest-bearing deposits of Canadian banks that meet its investment policy's credit rating requirements.

General Index of Financial Information Notes to the financial statements Other Revenue Effective April 1, 2022, the Corporation entered into a five-year contribution agreement with Natural Resources Canada to execute the Canada Greener Hom...

AI summary NS Power entered into agreements with Natural Resources Canada for the Canada Greener Homes Grant Program and the Oil to Heat-pump Affordability Program, recognizing $79,051 in revenue. Additional revenue of $473 was received from HCi3. Investments in GICs and pooled funds follow HCi3's investment policy, prioritizing principal preservation and optimized returns.

GENERAL INDEX OF FINANCIAL INFORMATION – GIFI Form identifier 100 Name of corporation Business Number Tax year-end Year Month Day EfficiencyOne 80494 7976 RC0001 2024-12-31 Assets – lines 1000 to 2599 1000 86,679,331 1060 10,069,002 1180 1...

AI summary The document presents the General Index of Financial Information (GIFI) for EfficiencyOne, detailing its financial position with assets, liabilities, equity, and retained earnings. The data includes specific line items and figures, but Attachment 3 is redacted.

1. NATURE OF OPERATIONS Halifax Climate Investment, Innovation and Impact Fund ("the Organization") was incorporated on October 21, 2020 under the Canada Not-for-profit Corporations Act. The Organization is controlled by EfficiencyOne by i...

AI summary The Halifax Climate Investment, Innovation and Impact Fund (HCi3), incorporated in 2020 under the Canada Not-for-profit Corporations Act, is controlled by EfficiencyOne and operates as a not-for-profit under the Income Tax Act. It manages endowment funds for the Federation of Canadian Municipalities (FCM) and Nova Scotia, with investment income attributed to contributors for tax purposes.

2. SIGNIFICANT ACCOUNTING POLICIES (continued) Cash The Organization discloses bank balances and interest-bearing deposits with a maturity period of three months or less from the date of acquisition under cash. The Organization manages its...

AI summary The Organization discloses short-term bank balances and interest-bearing deposits under cash, managing liquidity according to its investment policy. Cash is categorized based on maturity periods of three months or less from acquisition.

Impairment The Organization removes financial liabilities, or portion of, when the obligation is discharged, cancelled or expires. Previously recognized impairment losses are reversed to the extent of the improvement providing the asset is...

AI summary The text outlines accounting treatment for impairment reversals, stating that financial liabilities or portions thereof are removed when obligations are discharged, cancelled, or expire. Previously recognized impairment losses are reversed if the asset's carrying amount is adjusted downward, with write-downs and reversals recognized in net surplus.

Investments Investments are primarily in pooled funds and stated at fair value on a trade date basis. The change in fair value is reflected as direct increases or decreases to net assets. Pooled fund investments are valued at the unit valu...

AI summary Investments are primarily in pooled funds valued at fair value based on trade dates, with changes in fair value directly affecting net assets. Pooled fund values are determined by administrators using market prices, while private equity investments are measured at amortized cost.