Equity Method Investments (Tables)
 12 Months Ended
Dec. 31, 2021
Investments accounted for using equity method [abstract]  
Share of Post-tax (Losses) Earnings in Equity Method Investments Reported in Consolidated Income Statement
The Company’s share of
post-tax
earnings (losses) in equity method investments as reported in the consolidated income statement is comprised of the following:
 
   
Year ended December 31,
  
     
    
                  
2021
    
                            2020
  
YPL (formerly RHL)
 
 
6,233
 
 
 
 (554)
 
Other equity method investments
 
 
7
 
 
 
 10
 
 
Total share of post-tax earnings (losses) in equity method investments
 
 
 
 
6,240
 
 
 
 
 
 
(544)
 
 
Summary of Equity Method Investments Reported in Consolidated Statement of Financial Position
The composition of equity method investments as reported in the consolidated statement of financial position is comprised of the following:
 
   
December 31,
  
     
    
                  
2021
    
                            2020
  
YPL (formerly RHL)
 
 
6,574
 
 
 
 981
 
Other equity method investments
 
 
162
 
 
 
 155
 
Total equity method investments
 
 
6,736
 
 
 
 1,136
 
Summary of Financial Information for YPL with Reconciliation to Thomson Reuters Carrying Value of its Investment
Set forth below is summarized financial information for 100% of YPL (formerly RHL at December 31, 2020).
 
   
Year ended December 31,
  
     
    
                  2021
    
                            2020
  
Revenues
 
 
551
 
 
 
 6,513
 
Gain related to the sale of Refinitiv to LSEG
 
 
18,645
 
 
 
-
 
Mark-to-market
of LSEG shares
 
 
(3,895)
 
 
 
-
 
Dividend income
 
 
177
 
 
 
-
 
Refinitiv net loss prior to its sale to LSEG
 
 
(361)
 
 
 
 (1,137)
 
Net earnings (loss)
 
 
14,566
 
 
 
 (1,137)
 
Remove: Net earnings attributable to
non-controlling
interests
 
 
(11)
 
 
 
 (95)
 
Net earnings (loss) attributable to YPL (formerly RHL)
 
 
14,555
 
 
 
 (1,232)
 
Other comprehensive (loss) income attributable to YPL (formerly RHL)
 
 
(214)
 
 
 
 330
 
Total comprehensive income (loss) attributable to YPL (formerly RHL)
 
 
14,341
 
 
 
 (902)
 
 
 
   
December 31,
  
     
    
                2021
    
                            2020
  
Assets
 
 
 
 
 
 
 
 
Current assets
 
 
6
 
 
 
 2,071
 
Non-current
assets
 
 
16,068
 
 
 
 21,094
 
Total assets
 
 
16,074
 
 
 
23,165
 
Liabilities
 
 
 
 
 
 
 
 
Current liabilities
 
 
4
 
 
 
 3,995
 
Non-current
liabilities
 
 
189
 
 
 
 14,268
 
Total liabilities
 
 
193
 
 
 
18,263
 
Net assets
 
 
15,881
 
 
 
 4,902
 
Non-controlling
interests
 
 
-
 
 
 
 (2,415)
 
Net assets attributable to YPL (formerly RHL)
 
 
15,881
 
 
 
2,487
 
Net assets attributable to YPL (formerly RHL) - beginning period
 
 
2,487
 
 
 
3,278
 
Net earnings (loss) attributable to YPL (formerly RHL)
 
 
14,555
 
 
 
(1,232
)
 
Other comprehensive (loss) income attributable to YPL (formerly RHL)
 
 
(214)
 
 
 
 330
 
Other adjustments
(1)
 
 
253
 
 
 
 111
 
Distribution to owners
 
 
(1,200)
 
 
 
-
 
Net assets attributable to YPL (formerly RHL) - ending period
 
 
15,881
 
 
 
 2,487
 
Thomson Reuters % share
 
 
42.82%
 
 
 
45
%
 
Thomson Reuters $ share
 
 
6,800
 
 
 
 1,119
 
Historical excluded equity adjustment
(2)
 
 
(226)
 
 
 
 (138)
 
Thomson Reuters carrying amount
 
 
6,574
 
 
 
 981
 
(1) Consists of equity transactions excluded from total comprehensive income (loss) attributable to YPL
.
(2) Represents the cumulative impact of equity transactions excluded from the Company’s investment in YPL.