NTUC Income AR 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 5. PROPERTY, PLANT AND EQUIPMENT 2017 Office equipment $’000 Furniture and fittings $’000 Computer equipment $’000 Motor vehicles $’000 Total $’000 Life Insurance Par Fund Cost At 1 January 2017 1,963 20,604 15,655 1,233 39,455 Additions 126 765 1,866 – 2,757 Disposals (100) – (472) (217) (789) At 31 December 2017 1,989 21,369 17,049 1,016 41,423 Accumulated depreciation At 1 January 2017 1,444 18,297 10,060 742 30,543 Charge for the year 133 1,051 1,700 138 3,022 Disposals (100) – (356) (217) (673) At 31 December 2017 1,477 19,348 11,404 663 32,892 Carrying amount At 31 December 2017 512 2,021 5,645 353 8,531 2016 Office equipment $’000 Furniture and fittings $’000 Computer equipment $’000 Motor vehicles $’000 Total $’000 Life Insurance Par Fund Cost At 1 January 2016 1,565 19,775 15,933 957 38,230 Additions 430 829 2,159 276 3,694 Disposals (32) – (2,437) – (2,469) At 31 December 2016 1,963 20,604 15,655 1,233 39,455 Accumulated depreciation At 1 January 2016 1,356 16,676 11,098 650 29,780 Charge for the year 120 1,621 1,399 92 3,232 Disposals (32) – (2,437) – (2,469) At 31 December 2016 1,444 18,297 10,060 742 30,543 Carrying amount At 31 December 2016 519 2,307 5,595 491 8,912 Depreciation expense is included in “Management expenses” in the statement of comprehensive income. ANNUAL REPORT 2017 EVERY DAY MADE DIFFERENT 91

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