NTUC Income AR 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 16. INSURANCE AND OTHER RECEIVABLES 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 Outstanding premiums 62,133 16,994 – 34,593 – 113,720 Accrued interest receivable 1,450 – – – – 1,450 Investment receivables 8,887 – 33,704 – 899 43,490 Trade receivables 595 – – 1,868 – 2,463 Other receivables 21,295 288 6 543 232 22,364 Interfund balances 27,745 – 855 – 71,603 100,203 122,105 17,282 34,565 37,004 72,734 283,690 Less: Allowance for impairment losses (853) (455) – (1,810) – (3,118) 121,252 16,827 34,565 35,194 72,734 280,572 2016 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 Outstanding premiums 57,278 18,079 – 24,767 – 100,124 Accrued interest receivable 234 – 1 – – 235 Investment receivables 13,110 – 69,142 291 5,456 87,999 Trade receivables 1,020 – – 1,893 – 2,913 Other receivables 76,995 201 5 349 239 77,789 Interfund balances 26,235 – 166 3 84,612 111,016 174,872 18,280 69,314 27,303 90,307 380,076 Less: Allowance for impairment losses (564) (1,087) – (783) – (2,434) 174,308 17,193 69,314 26,520 90,307 377,642 At the reporting date, all insurance and other receivables are current, and the carrying amounts approximate their fair values. ANNUAL REPORT 2017 NTUC INCOME INSURANCE CO-OPERATIVE LIMITED 112