NTUC Income AR 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 14. DERIVATIVE FINANCIAL INSTRUMENTS (CONTINUED) Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements: 2016 Gross amounts of recognised financial assets $'000 Gross amounts of recognised financial liabilities set-off in the statement of financial position $'000 Net amounts of financial assets presented in the statement of financial position $'000 Related amounts not set-off in the statement of financial position Net amount $'000 Financial Instruments $'000 Cash collateral $'000 Life Insurance Par Fund Derivatives 22,294 – 22,294 – 477 21,817 Life Insurance Non-Par Fund Derivatives 25 – 25 – – 25 Investment-Linked Fund Derivatives 3,300 – 3,300 – – 3,300 General Insurance Fund Derivatives 2,921 – 2,921 – 464 2,457 Shareholders’ Fund Derivatives 1,898 – 1,898 – – 1,898 Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements: 2016 Gross amounts of recognised financial liabilities $'000 Gross amounts of recognised financial assets set-off in the statement of financial position $'000 Net amounts of financial liabilities presented in the statement of financial position $'000 Related amounts not set-off in the statement of financial position Net amount $'000 Financial Instruments $'000 Cash collateral $'000 Life Insurance Par Fund Derivatives 320,490 – 320,490 189,253 1,254 129,983 Life Insurance Non-Par Fund Derivatives 11,840 – 11,840 8,861 – 2,979 Investment-Linked Fund Derivatives 4,022 – 4,022 – – 4,022 General Insurance Fund Derivatives 10,636 – 10,636 3,755 – 6,881 Shareholders’ Fund Derivatives 11,097 – 11,097 – 4,611 6,486 ANNUAL REPORT 2017 EVERY DAY MADE DIFFERENT 107