mutual defence organization - TUUM EST
mutual defence organization - TUUM EST
mutual defence organization - TUUM EST
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Financial report<br />
The Canadian Medical Protective Association<br />
(Incorporated under the laws of Canada)<br />
CONSOLIDATED STATEMENT<br />
OF REVENUES AND EXPENSES<br />
Year ended December 31, 2000 (thousands of dollars)<br />
REVENUES<br />
MEMBERSHIP FEES<br />
2000 1999 1998 1997 1996<br />
Amount ($M) 236 235 241 216 216<br />
Change 0.1% -2.4% 11.6% 0.0% 19.3%<br />
REVENUES<br />
Membership<br />
Investment<br />
Also known as an income<br />
statement, this is a summary<br />
of revenues and expenses for<br />
all of 2000.<br />
Five-year comparisons are<br />
provided for information.<br />
# Paid 56,815 55,503 54,698 53,970 53,593<br />
members<br />
Revenue from membership fees increased slightly from<br />
1999, due primarily to the increase in the number of<br />
members. This has been partially offset by a 0.8% drop in<br />
the aggregate fees charged in 2000.<br />
INV<strong>EST</strong>MENT INCOME<br />
2000 1999 1998 1997 1996<br />
Amount ($M) 173.1 176.7 129.6 135.4 194.0<br />
Change -2% 36% -7% -30% 32%<br />
Portfolio 9.1% 10.4% 8.6% 10.3% 17.1%<br />
return<br />
Investment revenues in 2000 were down slightly from<br />
1999 but represent a small experience gain over the 9%<br />
return anticipated by the CMPA's actuaries.<br />
EXPENSES<br />
Awards and settlements on behalf of members<br />
Legal costs in support of members<br />
Expert consultant costs in support of members<br />
Indemnity insurance<br />
Member support services<br />
Governance and administration<br />
Investment management<br />
Amortization of capital assets<br />
EXCESS OF REVENUES OVER EXPENSES<br />
16
Change language