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) (CONTINUED) 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 Interest income – cash and cash equivalents 867 77 97 69 2 1,112 – loans 38,328 – – (3) – 38,325 39,195 77 97 66 2 39,437 Dividend income 171,597 – 38,268 8,090 12,700 230,655 Net rental income: – rental income 97,453 – – – – 97,453 Less: Investment properties maintenance (26,090) – – – – (26,090) 71,363 – – – – 71,363 Gain on disposal of investment properties 95 – – – – 95 Realised gain on sale of AFS investments 75,839 – – – 1,227 77,066 Gain / (loss) on changes in fair value of: – investments designated as fair value through profit / loss 828,757 152,234 61,917 30,620 29,881 1,103,409 – derivatives (125,602) (7,506) 45 (4,107) (7,980) (145,150) – investment properties 86,397 – – – – 86,397 789,552 144,728 61,962 26,513 21,901 1,044,656 Less: Investment expenses (41,736) (2,027) (12,522) (1,595) (2,107) (59,987) Allowance for impairment written back / (made) on: – loans 24 – – 25 – 49 – available-for-sale investments (10,546) – – – (6,588) (17,134) (10,522) – – 25 (6,588) (17,085) Loans written back / (written off) 24 – – (11) – 13 Others 1,346 (548) 20 285 209 1,312 Net investment income and fair value gains 1,096,753 142,230 87,825 33,373 27,344 1,387,525 ANNUAL REPORT 2017 EVERY DAY MADE DIFFERENT 119