NTUC Income AR 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 5. PROPERTY, PLANT AND EQUIPMENT (CONTINUED) 2019 Office equipment $’000 Furniture and fittings $’000 Computer equipment $’000 Total $’000 Shareholders’ Fund Cost At 1 January 2019 13 153 45 211 Additions 27 203 479 709 At 31 December 2019 40 356 524 920 Accumulated depreciation At 1 January 2019 3 27 3 33 Charge for the year 7 61 90 158 At 31 December 2019 10 88 93 191 Carrying amount At 31 December 2019 30 268 431 729 2018 Office equipment $’000 Furniture and fittings $’000 Computer equipment $’000 Total $’000 Shareholders’ Fund Cost At 1 January 2018 – – – – Additions 13 153 45 211 At 31 December 2018 13 153 45 211 Accumulated depreciation At 1 January 2018 – – – – Charge for the year 3 27 3 33 At 31 December 2018 3 27 3 33 Carrying amount At 31 December 2018 10 126 42 178 Depreciation expense is included in “Management expenses” in the statement of comprehensive income. 100 HERE FOR SURE