NTUC Income AR 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 16. INSURANCE AND OTHER RECEIVABLES 2019 Life Insurance Par Fund $’000 Life Insurance Non-Par Fund $’000 Investment- Linked Fund $’000 General Insurance Fund $’000 Share holders' Fund $’000 Total $’000 Outstanding premiums 57,643 14,113 – 30,990 – 102,746 Accrued interest receivable 2,867 5 – – – 2,872 Investment receivables 100,193 17 33,559 – 378 134,147 Trade receivables 702 – – 2,185 (82) 2,805 Other receivables 34,547 260 – 538 403 35,748 Interfund balances 27,747 – – – 106,809 134,556 223,699 14,395 33,559 33,713 107,508 412,874 Less: Allowance for impairment losses (391) (283) – (1,554) – (2,228) 223,308 14,112 33,559 32,159 107,508 410,646 2018 Life Insurance Par Fund $’000 Life Insurance Non-Par Fund $’000 Investment- Linked Fund $’000 General Insurance Fund $’000 Share holders' Fund $’000 Total $’000 Outstanding premiums 59,188 20,619 – 27,286 – 107,093 Accrued interest receivable 4,285 – – – – 4,285 Investment receivables 26,866 1,173 17,643 – 1,957 47,639 Trade receivables 653 – – 1,116 – 1,769 Other receivables 31,686 280 – 617 167 32,750 Interfund balances 28,822 – – – 107,494 136,316 151,500 22,072 17,643 29,019 109,618 329,852 Less: Allowance for impairment losses (820) (789) – (1,721) – (3,330) 150,680 21,283 17,643 27,298 109,618 326,522 At the reporting date, all insurance and other receivables are current, and the carrying amounts approximate their fair values. 126 HERE FOR SURE