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Revenue from Service Contracts
 12 Months Ended
Dec. 31, 2021
Text block [abstract]  
Revenue from Service Contracts
Note 13     Revenue from Service Contracts
The Company provides investment management services, administrative services, distribution and related services to proprietary and third-party investment funds, retirement plans, group benefit plans and other arrangements. The Company also provides real estate management services to tenants of the Company’s investment properties.
The Company’s service contracts generally impose single performance obligations, each consisting of a series of similar related services for each customer.
The Company’s performance obligations within service arrangements are generally satisfied over time as the customer simultaneously receives and consumes the benefits of the services rendered, measured using an output method. Fees typically include variable consideration and the related revenue is recognized to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty is subsequently resolved.
Asset based fees vary with asset values of accounts under management, subject to market conditions and investor behaviours beyond the Company’s control. Transaction processing and administrative fees vary with activity volume, also beyond the Company’s control. Some fees, including distribution fees, are based on account balances and transaction volumes. Fees related to account balances and transaction volumes are measured daily. Real estate management service fees include fixed portions plus recovery of variable costs of services rendered to tenants. Fees related to services provided are generally recognized as services are rendered, which is when it becomes highly probable that no significant reversal of cumulative revenue recognized will occur. The Company has determined that its service contracts have no significant financing components as fees are collected monthly. The Company has no significant contract assets or contract liabilities.
The following tables present revenue from service contracts by service lines and reporting segments as disclosed in note 19.
 
For the year ended December 31, 2021
   Asia     Canada     U.S.     Global
WAM		     Corporate
and Other		     Total  
Investment management and other related fees
  
$
217
 
  
$
230
 
  
$
499
 
  
$
3,198
 
  
$
(247
) 
  
$
3,897
 
Transaction processing, administration, and service fees
  
 
287
 
  
 
918
 
  
 
12
 
  
 
2,517
 
  
 
(11
) 
  
 
3,723
 
Distribution fees and other
  
 
251
 
  
 
20
 
  
 
65
 
  
 
799
 
  
 
(54
) 
  
 
1,081
 
Total included in other revenue
  
 
755
 
  
 
1,168
 
  
 
576
 
  
 
6,514
 
  
 
(312
) 
  
 
8,701
 
Revenue from
non-service
lines
  
 
941
 
  
 
168
 
  
 
1,248
 
  
 
(1
) 
  
 
75
 
  
 
2,431
 
Total other revenue
  
$
1,696
 
  
$
1,336
 
  
$
1,824
 
  
$
6,513
 
  
$
(237
) 
  
$
11,132
 
Real estate management services included in net investment income
  
$
37
 
  
$
126
 
  
$
128
 
  
$
–
 
  
$
7
 
  
$
298
 
             
For the year ended December 31, 2020   Asia     Canada     U.S.     Global
WAM		     Corporate
and Other		     Total  
Investment management and other related fees
   $   223     $ 202     $   514     $ 2,770     $   (201)     $ 3,508  
Transaction processing, administration, and service fees
     239       814       15       2,215       2       3,285  
Distribution fees and other
     187       16       67       718       (52 )      936  
Total included in other revenue
     649       1,032       596       5,703       (251 )      7,729  
Revenue from
non-service
lines
     697       (19 )      2,115       7       62       2,862  
Total other revenue
   $   1,346     $   1,013     $   2,711     $   5,710     $ (189 )    $   10,591  
Real estate management services included in net investment income
   $ 37     $ 144     $ 143     $ –     $ 8     $ 332