NTUC Income AR 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 12. INVESTMENT IN FUNDS (CONTINUED) 2016 % of the Investment in Funds Fair value $’000 Industry focus Diversified Financials 66% 2,246,925 Energy 1% 50,335 Real Estate 32% 1,114,898 Telecommunication Services * 0% 1,013 Industrials 1% 20,313 Utilities * 0% 682 100% 3,434,166 Geographic region Asia Pacific 33% 1,121,509 Australia 2% 61,038 Europe 17% 581,300 North America 30% 1,036,114 Others 18% 634,205 100% 3,434,166 * less than 1% 13. LOANS 2017 Life Insurance Par Fund $’000 Life Insurance Non-Par Fund $’000 Investment- Linked Fund $’000 General Insurance Fund $’000 Share holders' Fund $’000 Total $’000 Term loan to joint venture – unsecured 81,251 – – – – 81,251 Consumer loans 23,542 – – 37 – 23,579 Loans on policies 591,210 51 – – – 591,261 Impairment loss (79) – – (37) – (116) 695,924 51 – – – 695,975 To be settled within 12 months 678,024 51 – – – 678,075 To be settled after 12 months 17,900 – – – – 17,900 695,924 51 – – – 695,975 ANNUAL REPORT 2017 NTUC INCOME INSURANCE CO-OPERATIVE LIMITED 102