b'FONDS DE PLACEMENT PROMUTUELCOMBINED STATEMENT OF CHANGES IN NET ASSETSFor the year ended december 31, 20242024 2023$ $(in thousands of Canadian dollars)Opening balance 1,306,283 1,106,696Net income 151,785 100,5371,458,068 1,207,233Unit transactionsSubscription of units 142,450 160,900Redemption of units (94,382) (61,850)Increase from unit transactions 48,068 99,050Ending balance 1,506,136 1,306,283COMBINED STATEMENT OF INCOME AND COMPREHENSIVE INCOMEFor the year ended december 31, 20242024 2023$ $(in thousands of Canadian dollars)REVENUEInterest 26,825 22,420Dividends 23,754 15,736 A n n u a l Rep o rt 54Gain on investment and derivative financial instruments 105,608 65,423156,187 103,579EXPENSESCustodial and management fees 3,727 2,780 4 2 0 2 | Administration fees 675 2624,402 3,042Net income and comprehensive income 151,785 100,537'