NTUC Income AR 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 10. INVESTMENT IN ASSOCIATED COMPANIES (CONTINUED) Summarised statement of comprehensive income Parkway Parade Partnership For the period from 1 December to 30 November 2017 $’000 2016 $’000 Revenue 94,995 96,525 Profit from continuing operations 71,793 44,118 Post-tax profit from continuing operations 65,318 36,302 Other comprehensive income / (loss) 3 (548) Total comprehensive income 65,321 35,754 Dividends paid / declared (42,021) (41,616) Reconciliation of summarised financial information Reconciliation of summarised financial information presented to the carrying amount of the Group’s interest in the associated companies, is as follows: Parkway Parade Partnership As at 30 November 2017 $’000 2016 $’000 Net assets At 1 December 2016 / 2015 717,200 723,062 Profit for the year 65,318 36,302 Other comprehensive income / (loss) 3 (548) Dividends paid / declared (42,021) (41,616) At 30 November 2017 / 2016 740,500 717,200 Interest in associated company (2017: 49%, 2016: 49%) 359,519 348,210 Carrying value 359,519 348,210 Add: Carrying value of individually immaterial associated companies 2,231 2,091 Carrying value of the Group’s interest in associated companies 361,750 350,301 2017 $’000 2016 $’000 Shareholders’ Fund Equity investment at cost 110,210 110,210 Set out below is the associated company of the Group as at 31 December 2017. The associated company has share capital consisting solely of ordinary shares, which are held directly by the Group; the country of incorporation is also its principal place of business. ANNUAL REPORT 2017 EVERY DAY MADE DIFFERENT 97