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

RkJQdWJsaXNoZXIy ODIwNTc=