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 based on the management accounts as of 30 November which is used for equity accounting, as this is the latest financial information available. Summarised financial position FFMC Holdings Pte. Ltd. As at 30 November 2019 $’000 2018 $’000 Current assets 71,225 62,591 Current liabilities (29,603) (29,917) Non-current assets 22,617 21,501 Non-current liabilities (8,100) (7,057) Net assets 56,139 47,118 Summarised statement of comprehensive income FFMC Holdings Pte. Ltd. For the period from 1 Dec to 30 Nov 2019 $’000 12 Mar to 30 Nov 2018 $’000 Revenue 97,893 64,455 Profit from continuing operations 9,021 9,107 Other comprehensive income 66 (108) Total comprehensive income 9,087 8,999 Dividends paid / declared – – ANNUAL REPORT 2019 111