Statement of changes in net assets attributable to beneficiaries of estates and trusts
For the year ended March 31 (in thousands of dollars)
Change in net assets | Client trusts | Minors | Litigants | Deceased estates | Cemetery trusts | Forfeited corporate assets | Corporate trusts | Land titles | Total |
---|---|---|---|---|---|---|---|---|---|
Balance at March 31, 2022 | 1,026,375 | 491,032 | 549,106 | 273,360 | 31,824 | 26,396 | 765 | 3,823 | 2,402,681 |
Change in net assets attributable to beneficiaries before undernoted: | 25,923 | 2,954 | 10,852 | (8,194) | (722) | 6,488 | 16 | 105 | 37,422 |
Client capital contributions during the year | 387,227 | 69,630 | 207,897 | 97,542 | 1,723 | 86 | 15 | N/A | 764,120 |
Client capital distributions during the year | (262,974) | (71,434) | (143,925) | (61,488) | (976) | (84) | N/A | (2) | (540,883) |
Funds escheated to the Crown 14 | N/A | N/A | N/A | (2,290) | N/A | (4,787) | N/A | N/A | (7,077) |
Change in net assets attributable to beneficiaries | 150,176 | 1,150 | 74,824 | 25,570 | 25 | 1,703 | 31 | 103 | 253,582 |
Balance at March 31, 2023 | 1,176,551 | 492,182 | 623,930 | 298,930 | 31,849 | 28,099 | 796 | 3,926 | 2,656,263 |
Change in net assets attributable to beneficiaries before undernoted: | 51,939 | 23,350 | 15,724 | (12,170) | 2,233 | 95 | (33) | 137 | 81,275 |
Client capital contributions during the year | 324,731 | 83,675 | 176,074 | 90,038 | 1,524 | 70 | 11 | N/A | 764,120 |
Client capital distributions during the year | (276,901) | (73,414) | (213,095) | (64,796) | (1,245) | N/A | (284) | N/A | (629,735) |
Funds escheated to the Crown 14 | N/A | N/A | N/A | (1,334) | N/A | (24,779) | N/A | N/A | (26,113) |
Change in net assets attributable to beneficiaries | 99,769 | 33,611 | (21,297) | 11,738 | 2,512 | (24,614) | (306) | 137 | 101,550 |
Balance at March 31, 2024 | 1,276,320 | 525,793 | 602,633 | 310,668 | 34,361 | 3,485 | 490 | 4,063 | 2,757,813 |
The accompanying notes are an integral part of these financial statements.
Updated: September 26, 2024
Published: September 26, 2024