NTUC Income AR 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 16. INSURANCE AND OTHER RECEIVABLES (CONTINUED) Movements in allowance for impairment losses for the financial year are as follows: 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 At 1 January 564 1,087 – 783 – 2,434 Impairment loss during the year 1,220 (632) – 1,031 – 1,619 Allowance written back / utilised during the year (931) – – (4) – (935) At 31 December 853 455 – 1,810 – 3,118 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 At 1 January 249 526 – 848 – 1,623 Impairment loss during the year 520 561 – (57) – 1,024 Allowance written back / utilised during the year (205) – – (8) – (213) At 31 December 564 1,087 – 783 – 2,434 17. CASH AND CASH EQUIVALENTS 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 Fixed deposits with banks 40,000 – – 481 – 40,481 Cash and bank balances 384,148 56,370 43,204 37,194 24,364 545,280 424,148 56,370 43,204 37,675 24,364 585,761 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 Fixed deposits with banks 28,570 – 3,500 – – 32,070 Cash and bank balances 452,441 68,245 38,425 52,990 20,553 632,654 481,011 68,245 41,925 52,990 20,553 664,724 ANNUAL REPORT 2017 EVERY DAY MADE DIFFERENT 113