NTUC Income AR 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 10. INVESTMENT IN ASSOCIATED COMPANIES (CONTINUED) Summarised financial information for associated companies Set out below is the summarised financial information of the associated company of the Group, based on the management accounts as at 30 November which is used for equity accounting, as this is the latest financial information available. Summarised financial position Parkway Parade Partnership Limited As at 30 November 2019 $’000 2018 $’000 Current assets 25,200 29,000 Current liabilities (47,000) (51,700) Non-current assets 1,342,379 1,340,155 Non-current liabilities (479,100) (478,400) Net assets 841,479 839,055 Summarised statement of comprehensive income Parkway Parade Partnership Limited For the period from 1 December to 30 November 2019 $’000 2018 $’000 Revenue 93,285 96,291 Profit from continuing operations (b) 36,312 136,826 Other comprehensive income – – Total comprehensive income 36,312 136,826 Dividends paid / declared (33,888) (38,271) (b) Includes: – Fair value gain on investment property of $1,200,000 (2018: $93,700,000) 106 HERE FOR SURE