Sun Life 2015 Annual Report Download - page 94
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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
For the years ended December 31, (in millions of Canadian dollars) 2015 2014
Total net income (loss) $ 2,300 $ 1,882
Other comprehensive income (loss), net of taxes:
Items that may be reclassified subsequently to income:
Change in unrealized foreign currency translation gains (losses):
Unrealized gains (losses) before net investment hedges 1,689 681
Unrealized gains (losses) on net investment hedges (32) (13)
Change in unrealized gains (losses) on available-for-sale assets:
Unrealized gains (losses) (174) 367
Reclassifications to net income (loss) (124) (148)
Change in unrealized gains (losses) on cash flow hedges:
Unrealized gains (losses) 314
Reclassifications to net income (loss) (6) (21)
Total items that may be reclassified subsequently to income 1,356 880
Items that will not be reclassified subsequently to income:
Remeasurement of defined benefit plans (49) (137)
Total items that will not be reclassified subsequently to income (49) (137)
Total other comprehensive income (loss) 1,307 743
Total comprehensive income (loss) 3,607 2,625
Less: Participating policyholders’ comprehensive income (loss) 27 14
Shareholders’ comprehensive income (loss) $ 3,580 $ 2,611
INCOME TAXES INCLUDED IN OTHER COMPREHENSIVE INCOME (LOSS)
For the years ended December 31, (in millions of Canadian dollars) 2015 2014
Income tax benefit (expense):
Items that may be reclassified subsequently to income:
Unrealized foreign currency translation gains / losses, including net investment hedges $ (18) $2
Unrealized gains / losses on available-for-sale assets 61 (99)
Reclassifications to net income for available-for-sale assets 54 36
Unrealized gains / losses on cash flow hedges (1) (5)
Reclassifications to net income for cash flow hedges 27
Total items that may be reclassified subsequently to income 98 (59)
Items that will not be reclassified subsequently to income:
Remeasurement of defined benefit plans 12 63
Total items that will not be reclassified subsequently to income 12 63
Total income tax benefit (expense) included in other comprehensive income (loss) $ 110 $4
The attached notes form part of these Consolidated Financial Statements.
92 Sun Life Financial Inc. Annual Report 2015 Consolidated Financial Statements