Manitoba Public Insurance 2003 Annual Report

Notes to Financial Statements
February 29, 2004 and February 28, 2003

16.

External Auditor and External Actuary Costs

The Basis of Reporting note (note 2) provides information on the appointment of the external auditor and external actuary. In the normal course of business, and in addition to the annual attest audit of the Corporation’s financial statements and valuation of policy liabilities, the external auditor and external actuary provided advisory services to the Corporation.

Costs incurred for services rendered are:

(IN THOUSANDS OF DOLLARS)	2004	2003

KPMG
Audit Fees	$ 106	$ 103
Advisory Fees	9	—

Total	$ 115	$ 103

Ernst & Young
Valuation of Policy Liabilities Fees	$ 120	$ 70
Actuarial Advisory Fees	99	69
Management Advisory Fees	26	32

Total	$ 245	$ 171

17.

Subsequent Event

Effective April 19, 2004, the Province of Manitoba announced that the provincial government has transferred the administration of driver licensing to Manitoba Public Insurance.

18.

Comparative Figures

Certain of the comparative figures have been reclassified to conform with the current year financial statement presentation.