NTUC Income AR 2018

Notes to the Financial Statements For the Financial Year Ended 31 December 2018 16. Insurance and other receivables 2018 Life Insurance Par Fund $’000 Life Insurance Non-Par Fund $’000 Investment- Linked Fund $’000 General Insurance Fund $’000 Share holders’ Fund $’000 Total $’000 Outstanding premiums 59,188 20,619 – 27,286 – 107,093 Accrued interest receivable 4,285 – – – – 4,285 Investment receivables 26,866 1,173 17,643 – 1,957 47,639 Trade receivables 653 – – 1,116 – 1,769 Other receivables 31,686 280 – 617 167 32,750 Interfund balances 28,822 – – – 107,494 136,316 151,500 22,072 17,643 29,019 109,618 329,852 Less: Allowance for impairment losses (820) (789) – (1,721) – (3,330) 150,680 21,283 17,643 27,298 109,618 326,522 2017 Life Insurance Par Fund $’000 Life Insurance Non-Par Fund $’000 Investment- Linked Fund $’000 General Insurance Fund $’000 Share holders’ Fund $’000 Total $’000 Outstanding premiums 62,133 16,994 – 34,593 – 113,720 Accrued interest receivable 1,450 – – – – 1,450 Investment receivables 8,887 – 33,704 – 899 43,490 Trade receivables 595 – – 1,868 – 2,463 Other receivables 21,295 288 6 543 232 22,364 Interfund balances 27,745 – 855 – 71,603 100,203 122,105 17,282 34,565 37,004 72,734 283,690 Less: Allowance for impairment losses (853) (455) – (1,810) – (3,118) 121,252 16,827 34,565 35,194 72,734 280,572 At the reporting date, all insurance and other receivables are current, and the carrying amounts approximate their fair values. 118 HAND IN HAND