NTUC Income AR 2018

Notes to the Financial Statements For the Financial Year Ended 31 December 2018 34. Temporary Exemption from FRS 109 (continued) 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 Change in fair value Amortised cost (“Hold to collect” business model) – loans – – – – – – – other receivables – – – – – – – cash and cash equivalents – – – – – – Total financial assets at amortised cost – – – – – – Fair value through other comprehensive income (“Hold to collect and sell” business model) Debt securities 16,624 (8,735) – (3,471) (7,846) (3,428) Total financial assets at fair value through other comprehensive income 16,624 (8,735) – (3,471) (7,846) (3,428) Fair value through profit or loss – equities (587,175) (10,440) (112,784) (19,795) (37,079) (767,273) – funds (108,635) (4,465) (102,645) 17,507 (24,621) (222,859) – debt securities (95,949) (30,602) (3,584) (134) 552 (129,717) – derivative financial instruments 553 (6,774) (1,015) (1,549) (76) (8,861) Total financial assets at fair value through profit or loss (791,206) (52,281) (220,028) (3,971) (61,224) (1,128,710) Total carrying amount of financial assets (774,582) (61,016) (220,028) (7,442) (69,070) (1,132,138) For financial assets at amortised cost and fair value through other comprehensive income, their contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. For financial assets at fair value through profit or loss, they are mandatorily measured at fair value through profit or loss because they either (a) contain contractual terms that do not give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding, (b) meet the definition of held for trading in FRS 109, or (c) are managed and performance evaluated on a fair value basis. 132 HAND IN HAND