NTUC Income AR 2018

Notes to the Financial Statements For the Financial Year Ended 31 December 2018 16. Insurance and other receivables (continued) Movements in allowance for impairment losses for the financial year are as follows: 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 At 1 January 853 455 – 1,810 – 3,118 Impairment loss during the year – 334 – – – 334 Allowance written back / utilised during the year (33) – – (89) – (122) At 31 December 820 789 – 1,721 – 3,330 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 At 1 January 564 1,087 – 783 – 2,434 Impairment loss during the year 1,220 (632) – 1,031 – 1,619 Allowance written back / utilised during the year (931) – – (4) – (935) At 31 December 853 455 – 1,810 – 3,118 17. Cash and cash equivalents 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 Fixed deposits with banks – – 500 484 – 984 Cash and bank balances 423,331 96,708 53,413 41,031 29,087 643,570 423,331 96,708 53,913 41,515 29,087 644,554 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 Fixed deposits with banks 40,000 – – 481 – 40,481 Cash and bank balances 384,148 56,370 43,204 37,194 24,364 545,280 424,148 56,370 43,204 37,675 24,364 585,761 119 2018 ANNUAL REPORT