NTUC Income AR 2018

Notes to the Financial Statements For the Financial Year Ended 31 December 2018 5. Property, plant and equipment 2018 Office equipment $’000 Furniture and fittings $’000 Computer equipment $’000 Motor vehicles $’000 Total $’000 Life Insurance Par Fund Cost At 1 January 2018 1,989 21,369 17,049 1,016 41,423 Additions 80 1,559 3,263 74 4,976 Disposals (40) – (1,007) (95) (1,142) At 31 December 2018 2,029 22,928 19,305 995 45,257 Accumulated depreciation At 1 January 2018 1,477 19,348 11,404 663 32,892 Charge for the year 161 816 2,008 141 3,126 Disposals (40) – (1,007) (95) (1,142) At 31 December 2018 1,598 20,164 12,405 709 34,876 Carrying amount At 31 December 2018 431 2,764 6,900 286 10,381 2017 Office equipment $’000 Furniture and fittings $’000 Computer equipment $’000 Motor vehicles $’000 Total $’000 Life Insurance Par Fund Cost At 1 January 2017 1,963 20,604 15,655 1,233 39,455 Additions 126 765 1,866 – 2,757 Disposals (100) – (472) (217) (789) At 31 December 2017 1,989 21,369 17,049 1,016 41,423 Accumulated depreciation At 1 January 2017 1,444 18,297 10,060 742 30,543 Charge for the year 133 1,051 1,700 138 3,022 Disposals (100) – (356) (217) (673) At 31 December 2017 1,477 19,348 11,404 663 32,892 Carrying amount At 31 December 2017 512 2,021 5,645 353 8,531 93 2018 ANNUAL REPORT