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 NTUC Choice Homes Co-operative Ltd For the period from 1 October to 30 September 2018 $’000 2017 $’000 Revenue – – Profit from continuing operations 9,091 3,037 Adjustments made to align with Group accounting policies (2,113) 14 Post-tax profit from continuing operations 6,985 3,067 Other comprehensive income – – Total comprehensive income 6,985 3,067 Dividends paid / declared (1,694) (3,928) Reconciliation of summarised financial information Reconciliation of summarised financial information presented to the carrying amount of the Group’s interest in the associated company, is as follows: NTUC Choice Homes Co-operative Ltd As at 30 September 2018 $’000 2017 $’000 Net assets At 1 October 2017 / 2016 462,188 463,049 Profit for the year 6,985 3,067 Other comprehensive income – – Dividends paid / declared (1,694) (3,928) At 30 September 2018 / 2017 467,479 462,188 Interest in associated company (2018: 25%, 2017: 25%) 119,019 117,673 Carrying value of the Group’s interest 119,019 117,673 102 HAND IN HAND