E-1Financial Statements - Redacted
2 passages
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 discusses the impairment testing of financial assets measured at amortized cost, stating that write-downs are recognized in net surplus and that previously recognized impairment losses may be reversed under certain conditions.
Investments Investments consist of a mix of guaranteed investment certificates and pooled fund investments. All investments are stated at fair value on a trade date basis. Any change in fair value is reflected as direct increases or decrea...
AI summary The text outlines the composition and valuation of investments, including guaranteed investment certificates and pooled fund investments, with changes in fair value directly affecting net assets. Short-term fixed income investments are also described.
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