NTUC Income AR 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 4. MANAGEMENT OF INSURANCE AND FINANCIAL RISKS (CONTINUED) (c) Financial risk (continued) (ii) Credit risk (continued) The following table provides information regarding the carrying value of financial assets that have been impaired and the ageing of financial assets that are past due but not impaired. 2017 Financial assets that are past due but not impaired Neither past due nor impaired $’000 Up to 3 months $’000 3 months to 1 year $’000 Greater than 1 year $’000 Total $’000 Financial assets that have been impaired $’000 Debt securities 22,934,587 – – – 22,934,587 – Loans 695,883 14 7 71 695,975 116 Derivatives with positive fair values 151,124 – – – 151,124 – Reinsurers’ share of insurance contract provisions 32,306 – – – 32,306 – Insurance and other receivables 169,117 96,056 15,399 – 280,572 3,118 Cash and cash equivalents 585,761 – – – 585,761 – 2016 Financial assets that are past due but not impaired Neither past due nor impaired $’000 Up to 3 months $’000 3 months to 1 year $’000 Greater than 1 year $’000 Total $’000 Financial assets that have been impaired $’000 Debt securities 21,270,961 – – – 21,270,961 – Loans 690,871 2,327 23 1,029 694,250 289 Derivatives with positive fair values 33,854 – – – 33,854 – Reinsurers’ share of insurance contract provisions 34,617 – – – 34,617 – Insurance and other receivables 279,373 87,579 10,532 158 377,642 2,434 Cash and cash equivalents 664,724 – – – 664,724 – ANNUAL REPORT 2017 EVERY DAY MADE DIFFERENT 79