NTUC Income AR 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 14. DERIVATIVE FINANCIAL INSTRUMENTS (CONTINUED) Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements: 2018 Gross amounts of recognised financial assets $'000 Gross amounts of recognised financial liabilities set-off in the statement of financial position $'000 Net amounts of financial assets presented in the statement of financial position $'000 Related amounts not set-off in the statement of financial position Net amount $'000 Financial Instruments $'000 Cash collateral $'000 Life Insurance Par Fund Derivatives 109,508 – 109,508 9,112 12,136 88,260 Life Insurance Non-Par Fund Derivatives 6,570 – 6,570 606 845 5,119 Investment-Linked Fund Derivatives 1,168 – 1,168 – 109 1,059 General Insurance Fund Derivatives 2,115 – 2,115 440 – 1,675 Shareholders’ Fund Derivatives 6,188 – 6,188 1 1,274 4,913 Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements: 2018 Gross amounts of recognised financial liabilities $'000 Gross amounts of recognised financial assets set-off in the statement of financial position $’000 Net amounts of financial liabilities presented in the statement of financial position $'000 Related amounts not set-off in the statement of financial position Net amount $'000 Financial Instruments $'000 Cash collateral $'000 Life Insurance Par Fund Derivatives 59,487 – 59,487 19,786 1,308 38,393 Life Insurance Non-Par Fund Derivatives 1,714 – 1,714 389 – 1,325 Investment-Linked Fund Derivatives 381 – 381 – 1,608 (1,227) General Insurance Fund Derivatives 29 – 29 – – 29 Shareholders’ Fund Derivatives 738 – 738 – – 738 ANNUAL REPORT 2019 121