NTUC Income AR 2017

Note 2017 $’000 2016 $’000 Cash flows from financing activities Proceeds from issuance of common shares 331,122 20,493 Redemption of common shares (887) (1,432) Dividends paid (37,844) (34,767) Interest paid (30,110) (29,654) Net cash flows from / (used in) financing activities 262,281 (45,360) Net decrease in cash and cash equivalents (78,963) (178,854) Cash and cash equivalents at beginning of the year 664,724 843,578 Cash and cash equivalents at end of the year 17 585,761 664,724 CONSOL IDATED STATEMENT OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 The accompanying notes form an integral part of the financial statements. ANNUAL REPORT 2017 EVERY DAY MADE DIFFERENT 47