Year ended December 31, 2017 with comparative figures for 2016 (in thousands of dollars)

 

Administrative Fund

Liquidity Fund

Year ended
December 31, 2017

Year ended
December 31, 2016

Revenue

       
Investment income (note 10)
$
55
$
2,009
$
2,064
$
2,094
Administrative Assessment (note 12) 6,000 6,000 4,000
Other net changes in fair value on ETFs through income (96) (96)
Other income 3 3 3
Operating Revenue 6,058 1,913 7,971 6,097

Expenses

       
Salaries and benefits 3,133 3,133 3,066
Professional fees 390 390 381
Directors fees 473 473 540
Travel and meetings 207 207 187
External services 212 212 184
General office and administration 978 72 1,050 1,043
Operating expenses 5,393 72 5,465 5,401
Net Operating Income 665 1,841 2,506 696

Members’ Contributions

       
Specific Assessment (note 11) 15,200 15,200
Net Income 665 17,041 17,706 696

Other Comprehensive Income Statement

       
Other Comprehensive Income (note 15) 5 579 584
Change in unrealized loss (36) (1,953) 1,989
Net unrealized loss on investments (31) (1,374) 1,405

Total Comprehensive Income

634 15,667 16,301 696

All income is attributable to Members’ Funds