201 (1) The balance sheet to be laid before an annual meeting shall be drawn up so as to present fairly the financial position of the insurer as at the date to which it is made up and so as to distinguish severally at least the following: 1.  The invested assets of the insurer as described in Part XVII of the Insurance Act, severally designated as follows: i.  Cash. ii.  Preference and common shares. iii.  Bonds and debentures. iv.  Mortgages. v.  Real estate held for sale. vi.  Real estate held for the production of income. vii.  Head office buildings. viii.  Agreements for sale. ix.  Loans on policies. x.  Other invested assets stating their nature. 2.  Other assets of the insurer distinguishing severally at least the following: i.  Net outstanding premiums due and deferred. ii.  Interest and rents due and accrued. iii.  Debts owing to the insurer from its shareholders except debts of reasonable amount arising in the ordinary course of the insurer’s business that are not overdue having regard to the insurer’s ordinary terms of credit. iv.  The aggregate amount of any outstanding loans under clauses 24 (2) (c), (d) and (e). 3.  The actuarial liability under insurance and annuity contracts. 4.  Bank loans and overdrafts. 5.  Provision for unpaid and unreported claims. 6.  All other liabilities to policyholders. 7.  Debts owing by the insurer on loans from its directors, officers or shareholders. 8.  Commissions and other debts owing by the insurer segregating those that arose otherwise than in the ordinary course of business. 9.  Deferred income. 10.  Liability for taxes. 11.  Dividends on capital stock declared but not paid. 12.  The authorized capital, giving the number of each class of shares and a brief description of each such class and indicating therein any class of shares which is redeemable and the redemption price thereof. 13.  The issued capital, giving the number of shares of each class issued and outstanding and the amount received therefor that is attributable to capital, and showing, (a)  the number of shares of each class issued since the date of the last balance sheet and the value attributed thereto, distinguishing shares issued for cash, shares issued for services and shares issued for other consideration; and (b)  where any shares have not been fully paid, (i)  the number of shares in respect of which calls have not been made and the aggregate amount that has not been called, and (ii)  the number of shares in respect of which calls have been made and not paid and the aggregate amount that has been called and not paid. 14.  Reserves, as described in clauses 204 (1) (a), (b) and (c), showing the amounts added thereto and the amounts deducted therefrom during the financial period. 15.  The amounts making up the surplus of the insurer severally designated as follows: i.  General surplus. ii.  Shareholders’ surplus. iii.  Other surplus balances indicating their nature. Notes (2) Despite subsection (1), particulars of the items described in paragraphs 12 and 13 of subsection (1) may be shown by way of note to the balance sheet. Idem (3) The basis of valuation of the invested assets of the insurer shall be shown by way of note to the balance sheet.  R.S.O. 1990, c. C.38, s. 201.