NTUC Income AR 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 14. DERIVATIVE FINANCIAL INSTRUMENTS 2019 Contract or Underlying Principal $’000 Positive Revaluation $’000 Negative Revaluation $’000 Net $’000 Life Insurance Par Fund Forward foreign exchange 14,551,753 161,102 30,094 131,008 Options 11,026 – 25 (25) Interest rate swaps 513,431 17,935 5,289 12,646 Futures 121,600 3,011 3,838 (827) Cross currency swaps 835,659 8,809 35,607 (26,798) 16,033,469 190,857 74,853 116,004 Life Insurance Non-Par Fund Forward foreign exchange 673,614 5,495 1,981 3,514 Cross currency swaps 339,872 6,474 1,105 5,369 1,013,486 11,969 3,086 8,883 Investment-Linked Fund Forward foreign exchange 263,085 2,003 816 1,187 Futures 2,602 939 486 453 Cross currency swaps 1,335 – 9 (9) 267,022 2,942 1,311 1,631 General Insurance Fund Forward foreign exchange 412,780 4,234 2,144 2,090 Cross currency swaps 38,570 1,410 – 1,410 451,350 5,644 2,144 3,500 Shareholders’ Fund Forward foreign exchange 796,200 8,486 2,101 6,385 Futures 25,133 453 743 (290) Cross currency swaps 29,480 843 18 825 850,813 9,782 2,862 6,920 Total 18,616,140 221,194 84,256 136,938 118 HERE FOR SURE