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 co-operative Set out below is the summarised financial information of the associated co-operative based on the management accounts as of 30 September which is used for equity accounting, as this is the latest financial information available. Summarised financial position NTUC Choice Homes Co-operative Ltd As at 30 September 2019 $’000 2018 $’000 Current assets 13,462 15,199 Current liabilities (1,015) (625) Non-current assets 455,001 455,001 Non-current liabilities – – Adjustments made to align with Group accounting policies (697) (2,096) Net assets 466,751 467,479 Summarised statement of comprehensive income NTUC Choice Homes Co-operative Ltd For the period from 1 October to 30 September 2019 $’000 2018 $’000 Revenue – – Profit from continuing operations 3,198 6,985 Other comprehensive income – – Total comprehensive income 3,198 6,985 Dividends paid / declared (3,926) (1,694) 108 HERE FOR SURE