NTUC Income AR 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 16. INSURANCE AND OTHER RECEIVABLES (CONTINUED) Movements in allowance for impairment losses for the financial year are as follows: 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 At 1 January 820 789 – 1,721 – 3,330 Impairment loss during the year – – – – – – Allowance written back / utilised during the year (429) (506) – (167) – (1,102) At 31 December 391 283 – 1,554 – 2,228 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 At 1 January 853 455 – 1,810 – 3,118 Impairment loss during the year – 334 – – – 334 Allowance written back / utilised during the year (33) – – (89) – (122) At 31 December 820 789 – 1,721 – 3,330 17. CASH AND CASH EQUIVALENTS 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 Fixed deposits with banks – 25,000 2,411 486 – 27,897 Cash and bank balances 415,478 100,575 53,078 45,417 33,716 648,264 415,478 125,575 55,489 45,903 33,716 676,161 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 Fixed deposits with banks – – 500 484 – 984 Cash and bank balances 423,331 96,708 53,413 41,031 29,087 643,570 423,331 96,708 53,913 41,515 29,087 644,554 ANNUAL REPORT 2019 127