NTUC Income AR 2018

Notes to the Financial Statements For the Financial Year Ended 31 December 2018 4. Management of insurance and financial risks (continued) (c) Financial risk (continued) (i) Market risk (continued) (c) Foreign currency risk (continued) The following table presents the Group’s exposures to major foreign currencies, presented in Singapore Dollars equivalent amounts as at: 2018 Assets USD $’000 EUR $’000 HKD $’000 GBP $’000 JPY $’000 Others $’000 Investments – Equities 860,656 233,219 533,553 188,828 15,979 933,862 – Debt securities 5,904,663 414,855 – 86,319 37,443 5,240 – Funds 1,839,984 611,017 13,498 6,876 15,338 68,056 – Investment receivables 13,573 – 7,335 394 66 2,983 Cash and cash equivalents 114,004 6,000 1,854 2,192 429 10,131 Liabilities – Investment creditors (50,523) – (6,433) – – (1,669) Total 8,682,357 1,265,091 549,807 284,609 69,255 1,018,603 Less: Derivative contracts (net currency exposure) (8,287,677) (1,340,799) (537,780) (335,473) (137,494) (1,061,067) Net foreign currency risk exposure 394,680 (75,708) 12,027 (50,864) (68,239) (42,464) 2017 Assets USD $’000 EUR $’000 HKD $’000 GBP $’000 JPY $’000 Others $’000 Investments – Equities 906,874 234,491 534,957 214,784 9,171 948,095 – Debt securities 5,357,710 381,230 – 100,389 – 50,945 – Funds 2,025,385 581,666 53,871 9,440 11,417 66,812 – Investment receivables 3,596 17 37 552 37 262 Cash and cash equivalents 148,038 2,369 1,218 5,776 173 9,695 Liabilities – Investment creditors (44,618) – – – – – Total 8,396,985 1,199,773 590,083 330,941 20,798 1,075,809 Less: Derivative contracts (net currency exposure) (7,766,980) (1,329,805) (557,878) (383,702) (112,727) (1,205,703) Net foreign currency risk exposure 630,005 (130,032) 32,205 (52,761) (91,929) (129,894) 78 HAND IN HAND