NTUC Income AR 2018

Note 2018 $’000 2017 $’000 Cash flows from financing activities Proceeds from issuance of common shares 20 1,749 331,122 Redemption of common shares 20 (1,453) (887) Dividends paid 27 (52,563) (37,844) Interest paid (32,892) (30,110) Net cash flows (used in) / from financing activities (85,159) 262,281 Net decrease in cash and cash equivalents 58,793 (78,963) Cash and cash equivalents at beginning of the year 585,761 664,724 Cash and cash equivalents at end of the year 17 644,554 585,761 Consolidated Statement of Cash Flows For the Financial Year Ended 31 December 2018 The accompanying notes form an integral part of the financial statements. 49 2018 ANNUAL REPORT