Sun Life 2010 Annual Report Download - page 99
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The following table shows a reconciliation of the beginning and ending balances for financial instrument that are categorized in level 3
for the year ended December 31, 2009:
`
Beginning
balance
Included
in net
income
(loss)(1)
Included
in OCI Purchases Sales Settlements
Transfers
into
level 3(2)
Transfers
out of
level 3(2)
Ending
balance
Gains (losses)
included
in earnings
relating to
instruments
still held at
ending date
Financial assets
Bonds – held-for-trading
Canada federal government
Securities $ 4 $ – $ – $ – $ – $ (4) $ – $ – $ – $ –
Canadian provincial and
municipal governments 51 (8) – 69 – – – (2) 110 (3)
Other foreign government 11 (3) – 78 – – – (10) 76 (2)
Corporate securities 625 (43) – 245 (40) (18) 241 (119) 891 27
Asset-backed securities
Commercial mortgage-
backed securities 947 (44) – 38 (110) – 1 (246) 586 (4)
Residential
mortgage-backed
securities 124 (12) – – – (20) 112 (41) 163 69
Collateralized debt
obligations 56 – – 11 – – 25 – 92 (4)
Other 82 (11) – – – (7) 37 (69) 32 4
Total bonds – held-for-trading $1,900 $(121) $ – $441 $(150) $(49) $416 $(487) $1,950 $ 87
Bonds – available-for-sale
Corporate securities $ 54 $ (7) $ 13 $ 16 $ (13) $ (1) $ 20 $ (6) $ 76 $ –
Asset-backed securities
Commercial mortgage-
backed securities 58 (3) (10) – – – – (5) 40 –
Collateralized debt
obligations 30 (3) 14 6 (15) – 14 – 46 –
Total bonds – available-for-sale $ 142 $ (13) $ 17 $ 22 $ (28) $ (1) $ 34 $ (11) $ 162 $ –
Stocks – available-for-sale $ 36 $ (5) $ (3) $ – $ – $ – $ – $ (20) $ 8 $ –
Derivative assets $ 47 $ (8) $ – $ 7 $ (35) $ – $ – $ – $ 11 $ (4)
Other invested assets $ 143 $ (19) $ – $ 30 $ (8) $ – $ – $ – $ 146 $(13)
Total financial assets measured
at fair value $2,268 $(166) $ 14 $500 $(221) $(50) $450 $(518) $2,277 $ 70
Financial liabilities(3)
Derivative liabilities $ 83 $ (39) $ – $ – $ – $ – $ – $ – $ 44 $ 12
Total financial liabilities
measured at fair value $ 83 $ (39) $ – $ – $ – $ – $ – $ – $ 44 $ 12
(1) Included within Net investment income (loss) in our Consolidated Statements of Operations.
(2) Transfers in and/or (out) of level 3 during 2009, are primarily attributable to changes in the transparency of inputs used to price the securities.
(3) For liabilities, gains are indicated in negative numbers.
5.B Real estate investments
The carrying value of real estate by geographic location as at December 31 is as follows:
2010 2009
Canada $ 3,370 $ 3,246
United States 1,323 1,373
United Kingdom 225 257
Other 11
Total real estate $ 4,919 $ 4,877
Notes to the Consolidated Financial Statements Sun Life Financial Inc. Annual Report 2010 95