NTUC Income AR 2018

The Group Note 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 Reserves for future distribution At 1 January 2018 – 513,721 – – – 513,721 Transfer of surplus (to) / from accumulated surplus – (4,257) – – – (4,257) Transfer (to) / from accumulated surplus – (9,322) – – – (9,322) At 31 December 2018 21 – 500,142 – – – 500,142 At 1 January 2017 – 415,694 – – – 415,694 Transfer of surplus (to) / from accumulated surplus – 98,027 – – – 98,027 Transfer (to) / from accumulated surplus – – – – – – At 31 December 2017 21 – 513,721 – – – 513,721 Treasury shares At 1 January 2018 – – – – (14,159) (14,159) At 31 December 2018 – – – – (14,159) (14,159) At 1 January 2017 – – – – (14,159) (14,159) At 31 December 2017 – – – – (14,159) (14,159) At 31 December 2018 461,790 1,629,059 3,957 641,630 786,102 3,522,538 At 31 December 2017 450,160 1,628,994 1,561 689,084 682,855 3,452,654 Equity of non-controlling interest At 1 January 2018 5,109 – – – – 5,109 Comprehensive income for the year 527 – – – – 527 At 31 December 2018 5,636 – – – – 5,636 At 1 January 2017 4,942 – – – – 4,942 Comprehensive income for the year 167 – – – – 167 At 31 December 2017 5,109 – – – – 5,109 Total at 31 December 2018 467,426 1,629,059 3,957 641,630 786,102 3,528,174 Total at 31 December 2017 455,269 1,628,994 1,561 689,084 682,855 3,457,763 Consolidated Statement of Changes in Equity For the Financial Year Ended 31 December 2018 The accompanying notes form an integral part of the financial statements. 47 2018 ANNUAL REPORT