NTUC Income AR 2018

Notes to the Financial Statements For the Financial Year Ended 31 December 2018 10. Investment in associated companies (continued) Summarised statement of comprehensive income Parkway Parade Partnership Ltd For the period from 1 December to 30 November 2018 $’000 2017 $’000 Revenue 96,291 94,995 Profit from continuing operations 144,252 71,793 Post-tax profit from continuing operations 136,826 65,318 Other comprehensive income – 3 Total comprehensive income 136,826 65,321 Dividends paid / declared (38,271) (42,021) 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 Ltd As at 30 November 2018 $’000 2017 $’000 Net assets At 1 December 2017 / 2016 740,500 717,200 Profit for the year 136,826 65,318 Other comprehensive income – 3 Dividends paid / declared (38,271) (42,021) At 30 November 2018 / 2017 839,055 740,500 Interest in associated company (2018: 49%, 2017: 49%) 407,393 359,519 Carrying value 407,393 359,519 Add: Carrying value of individually immaterial associated companies – 2,231 Carrying value of the Group’s interest in associated companies 407,393 361,750 100 HAND IN HAND