NTUC Income AR 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 23. NET INVESTMENT INCOME / (LOSSES) AND FAIR VALUE GAINS / (LOSSES) 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 Interest income – cash and cash equivalents 1,996 1,557 165 264 96 4,078 – loans 37,915 5 – 1 – 37,921 39,911 1,562 165 265 96 41,999 Dividend income 224,437 12,187 71,343 13,567 13,647 335,181 Net rental income: – rental income 91,999 – – – – 91,999 Less: Investment properties maintenance (26,733) – – – – (26,733) 65,266 – – – – 65,266 Loss on disposal of investment properties – – – – – – Realised gain on sale of AFS investments 105,841 1 – 4 11,542 117,388 Net gain / (loss) and changes in fair value of: – investments designated as fair value through profit or loss 2,155,167 313,934 222,744 49,763 38,278 2,779,886 – derivatives 175,804 5,386 3,316 4,098 8,224 196,828 – investment properties 18,457 – – – – 18,457 2,349,428 319,320 226,060 53,861 46,502 2,995,171 Less: Investment expenses (68,467) (6,679) (6,098) (2,528) (3,665) (87,437) Allowance for impairment written back / (made) on: – loans 29 – – 34 – 63 – available-for-sale investments (31,385) – – – – (31,385) (31,356) – – 34 – (31,322) Loans written back / (written off) 73 – – (34) – 39 Others 356 507 36 234 (16) 1,117 Net investment income and fair value gains 2,685,489 326,898 291,506 65,403 68,106 3,437,402 134 HERE FOR SURE