NTUC Income AR 2018

Notes to the Financial Statements For the Financial Year Ended 31 December 2018 26. Related party transactions (continued) (a) Sales and purchases of goods and services (continued) The Group 2018 $’000 2017 $’000 Investment related transactions with – Parent – – – Subsidiaries – – – Joint ventures 5,688 5,688 – Associated companies (38,685) 21,430 – Other related parties 6,983 6,695 (26,014) 33,813 Purchases of goods / rental / management of investment properties with – Parent (1,190) (1,744) – Subsidiaries (153) (401) – Associated companies (1,355) (940) – Other related parties (2,170) (1,838) (4,868) (4,923) Dividends to – Parent (33,777) (19,835) Other related parties comprise mainly entities which are members of the NTUC Enterprise Co-operative Limited group. (b) Key management personnel compensation The Group 2018 $’000 2017 $’000 Salaries and other benefits 10,412 8,062 Employer’s contribution to defined contribution plan 213 186 Directors’ fees 915 864 11,540 9,112 27. Dividends 2018 $’000 2017 $’000 Ordinary dividends paid Final exempt dividend paid in respect of the previous financial year of 60 cents (2017: 60 cents) 52,563 37,844 The Directors have proposed a dividend of 60 cents (2017: 60 cents) per share, amounting to $59,303,000 (2017: $52,685,000) to be paid in respect of the financial year ended 31 December 2018 (2017: 31 December 2017). The financial statements will reflect this dividend payable in the Shareholders’ Fund as an appropriation of surplus in the year ending 31 December 2019 after approval is obtained during the Annual General Meeting. 128 HAND IN HAND