Sun Life 2015 Annual Report Download - page 117
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5.B Interest and Other Investment Income
Interest and other investment income consist of the following:
For the years ended December 31, 2015 2014
Interest income:
Cash, cash equivalents and short-term securities $32$42
Debt securities – fair value through profit or loss 2,280 2,110
Debt securities – available-for-sale 391 368
Mortgages and loans 1,859 1,677
Derivative investments 73 113
Policy loans 167 157
Total interest income 4,802 4,467
Equity securities – dividends on fair value through profit or loss 123 123
Equity securities – dividends on available-for-sale 15 17
Investment properties rental income(1) 625 613
Investment properties expenses (283) (282)
Other income 168 150
Investment expenses and taxes (162) (147)
Total interest and other investment income $ 5,288 $ 4,941
(1) Comprised of operating lease rental income.
5.C Fair Value and Foreign Currency Changes on Assets and Liabilities
Fair value and foreign currency changes on assets and liabilities recorded to net income consist of the following:
For the years ended December 31, 2015 2014
Fair value change:
Cash, cash equivalents and short-term securities $47$14
Debt securities (1,177) 4,563
Equity securities (244) 359
Derivative investments (2,098) 398
Other invested assets 76 59
Total change in fair value through profit or loss assets and liabilities $ (3,396) $ 5,393
Fair value changes on investment properties 150 188
Foreign exchange gains (losses)(1) 1,285 591
Fair value and foreign currency changes on assets and liabilities $ (1,961) $ 6,172
(1) Primarily arises from the translation of foreign currency denominated AFS assets and mortgage and loans. Any offsetting amounts arising from foreign currency derivatives
are included in the fair value change on derivative investments.
5.D Cash, Cash Equivalents and Short-Term Securities
Cash, cash equivalents and short-term securities presented in our Consolidated Statements of Financial Position and Net cash, cash
equivalents and short-term securities presented in our Consolidated Statements of Cash Flows consist of the following:
As at December 31, 2015 2014
Cash $ 1,856 $ 1,283
Cash equivalents 4,822 2,085
Short-term securities 2,305 3,450
Cash, cash equivalents and short-term securities 8,983 6,818
Less: Bank overdraft, recorded in Other liabilities 166 4
Net cash, cash equivalents and short-term securities $ 8,817 $ 6,814
Notes to Consolidated Financial Statements Sun Life Financial Inc. Annual Report 2015 115