NTUC Income AR 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 23. NET INVESTMENT INCOME / (LOSSES) AND FAIR VALUE GAINS / (LOSSES) 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 Interest income – cash and cash equivalents 689 128 23 55 13 908 – loans 38,200 1 – (1) – 38,200 38,889 129 23 54 13 39,108 Dividend income 187,530 22 48,084 13,476 13,849 262,961 Net rental income: – rental income 96,676 – – – – 96,676 Less: Investment properties maintenance (27,299) – – – – (27,299) 69,377 – – – – 69,377 Loss on disposal of investment properties (238) – – – – (238) Realised gain on sale of AFS investments 97,195 – – – 8,953 106,148 Gain / (loss) on changes in fair value of: – investments designated as fair value through profit / loss 1,295,839 196,818 204,036 53,223 28,389 1,778,305 – derivatives 523,905 35,557 3,121 15,108 29,782 607,473 – investment properties 92,760 – – – – 92,760 1,912,504 232,375 207,157 68,331 58,171 2,478,538 Less: Investment expenses (50,333) (2,774) (12,653) (1,682) (6,315) (73,757) Allowance for impairment written back / (made) on: – loans 156 – – 17 – 173 – available-for-sale investments (14,064) – – – (509) (14,573) (13,908) – – 17 (509) (14,400) Loans written back / (written off) (63) – – (6) – (69) Others 773 630 13 (897) (7) 512 Net investment income and fair value gains 2,241,726 230,382 242,624 79,293 74,155 2,868,180 ANNUAL REPORT 2017 NTUC INCOME INSURANCE CO-OPERATIVE LIMITED 118