Sun Life 2010 Annual Report Download - page 129

Download and view the complete annual report

Please find page 129 of the 2010 Sun Life annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 162

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162

26.A.ii Consolidated Balance Sheets as at December 31:
2010 2009(1)
Cdn. GAAP U.S. GAAP Cdn. GAAP U.S. GAAP
ASSETS
Bonds – held-for-trading $ 54,753 $ 15,053 $ 51,634 $ 14,835
Bonds – available-for-sale 10,752 51,481 9,673 46,433
Mortgages and corporate loans 19,511 18,677 19,449 19,449
Stocks – held-for-trading 4,424 1,008 4,331 1,331
Stocks – available-for-sale 808 4,223 635 3,636
Real estate, net of accumulated depreciation (accumulated
depreciation: 2010 – $600; 2009 – $561) 4,919 3,216 4,877 3,190
Cash and cash equivalents 3,609 3,609 5,865 5,845
Short-term securities(2) 4,878 4,852 6,003 5,963
Derivative assets 1,629 1,732 1,382 1,357
Policy loans and other invested assets 3,525 4,085 3,503 4,073
Other invested assets – held-for-trading 419 207 425 206
Other invested assets – available-for-sale 454 696 452 689
Invested assets 109,681 108,839 108,229 107,007
Goodwill 5,978 4,444 6,419 4,678
Intangible assets 898 877 926 907
Deferred acquisition costs 187 7,153 167 7,763
Future income taxes(3) 709 417 1,054 681
Other assets 3,406 7,623 3,296 7,890
Total other assets 11,178 20,514 11,862 21,919
Segregated funds assets(4) 87,944 80,551
Total consolidated assets $ 120,859 $ 217,297 $ 120,091 $ 209,477
Segregated funds net assets(4) $ 88,911 $ 81,305
LIABILITIES AND EQUITY
Actuarial liabilities and other policy liabilities $ 84,363 $ 56,947 $ 84,758 $ 56,563
Contract holder deposits 31,481 34,101
Amounts on deposit 4,450 4,661 4,181 4,390
Derivative liabilities 700 762 1,257 1,196
Deferred net realized gains 219 225
Senior debentures 3,811 3,795 3,811 3,811
Future income taxes(3) 80 166 58 128
Other liabilities 6,082 9,833 5,374 8,301
Total general fund liabilities 99,705 107,645 99,664 108,490
Subordinated debt 2,741 2,741 3,048 3,048
Non-controlling interests in subsidiaries(5) 54 42
Segregated funds liabilities(4) 87,944 80,551
Equity 18,359 18,967 17,337 17,388
Total consolidated liabilities and equity $ 120,859 $ 217,297 $ 120,091 $ 209,477
Segregated funds contract liabilities(4) $ 88,911 $ 81,305
(1) Opening retained earnings as at January 1, 2008 have been restated. Refer to Note 2.
(2) U.S. GAAP terminology is short-term investments.
(3) U.S. GAAP terminology is deferred income tax.
(4) U.S. GAAP terminology is separate accounts.
(5) Included in equity in U.S. GAAP.
Notes to the Consolidated Financial Statements Sun Life Financial Inc. Annual Report 2010 125