NTUC Income AR 2018

Notes to the Financial Statements For the Financial Year Ended 31 December 2018 23. Net investment income / (losses) and fair value gains / (losses) 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 Interest income – cash and cash equivalents 2,050 424 91 200 429 3,194 – loans 38,280 6 – 1 – 38,287 40,330 430 91 201 429 41,481 Dividend income 210,250 7,261 61,601 15,991 13,998 309,101 Net rental income: – rental income 91,582 – – – – 91,582 Less: Investment properties maintenance (26,852) – – – – (26,852) 64,730 – – – – 64,730 Loss on disposal of investment properties (15) – – – – (15) Realised gain on sale of AFS investments 107,845 – – – 8,136 115,981 Net gain / (loss) and changes in fair value of: – investments designated as fair value through profit or loss (209,540) 52,377 (148,371) 7,492 12,930 (285,112) – derivatives (66,343) (10,506) 502 (4,302) (3,598) (84,247) – investment properties 49,357 – – – – 49,357 (226,526) 41,871 (147,869) 3,190 9,332 (320,002) Less: Investment expenses (55,784) (4,078) (9,044) (2,131) (3,868) (74,905) Allowance for impairment written back / (made) on: – loans 39 – – 3 – 42 – available-for-sale investments – – – – – – 39 – – 3 – 42 Loans written back / (written off) 53 – – – – 53 Others 580 (333) 3,851 191 (30) 4,259 Net investment income and fair value gains 141,502 45,151 (91,370) 17,445 27,997 140,725 125 2018 ANNUAL REPORT