Broker Listing Broker Map
Farm Insurance Auto Insurance Residential Insurance Commercial Insurance Watercraft Insurance
Claims Info. & Tips Insurance Fraud Loss Prevention Safety tips
Auditors’ Report Balance Sheet Financial Statements Notes to Financial Statements Schedule of Revenue &  Expenses Statement of Cash Flow Statement of Comprehensive Income (Loss) Statement of Accumulated Other Comprehensive Loss Statement of Operations and Unappropriated Members’ Surplus
Board of Directors Farm Mutual Infrastructure Management Our History Staff Listing News and Events Contact Us

Independent Auditors' Report

To the Policyholders of Trillium Mutual Insurance Company

We have audited the accompanying consolidated financial statements of Trillium Mutual Insurance Company, which comprise of the consolidated balance sheet as at December 31, 2010, the consolidated statements of operations and unappropriated members' surplus, comprehensive income, accumulated other comprehensive income (loss) and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.

Management's Responsibility for the Consolidated Financial Statements

Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with Canadian generally accepted accounting principles, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

Auditors' Responsibility

Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the consolidated financial statements are free of material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.

We believe the audit evidence we have obtained in our audit is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, these consolidated financial statements present fairly, in all material respects, the financial position of Trillium Mutual Insurance Company as at December 31, 2010 and the results of its operations and its cash flows for the year then ended in accordance with Canadian generally accepted accounting principles.

BDO Canada LLP

Chartered Accountants, Licensed Public Accountants

Walkerton, Ontario

February 23, 2011