Transcription of Consolidated Statement of Financial Position - ICBC Home
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Consolidated Statement of Financial Position - ICBC Home
The accompanying notes are an integral part of these Consolidated Financial statements. Approved by the Board Barry Penner, QC William Davidson Chair of the Board of Directors Director ($ T HOUSANDS)March 312017 December 312015 AssetsCash and cash equivalents27,128$ 45,815$ Accrued interest75,863 55,327 Assets held for sale (note 5)25,712 - Financial investments (note 5)14,411,033 13,946,347 Premiums and other receivables (note 9)1,455,676 1,301,648 Reinsurance assets (note 9)18,070 10,447 Investment properties (note 5)1,048,549 772,183 Property and equipment (note 11)106,286 103,433 Intangible assets (note 12)302,508 279,555 Accrued pension benefits (note 16)37,302 - Deferred premium acquisition costs and prepaids (note 18)36,502 182,780 17,544,629$ 16,697,535$ Liabilities and EquityLiabilitiesCh eques o ut st an din g78,540$ 64,762$ Accounts payable and accrued charges267,773 265,021 Excess Optional capital payable to Province of BC (notes 19 and 20)
consolidated statement of cash flows to the indirect method due to preparation efficiency and is a more commonly used financial reporting practice (note 23). The preparation of consolidated financial statements in conformity with IFRS requires the use of
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