NTUC Income AR 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 33. TEMPORARY EXEMPTION FROM FRS 109 (CONTINUED) (ii) The carrying amounts of financial assets by credit risk rating grades that are not classified as measured at fair value through profit or loss are as follows: 2019 Investment Grade (AAA to BBB-) $’000 Below Investment Grade (Below BBB-) $’000 Non-rated $’000 Total $’000 Amortised cost (“Hold to collect” business model) – loans – – 95,941 95,941 – other receivables – – 145,115 145,115 – cash and cash equivalents 676,161 – – 676,161 Total financial assets at amortised cost 676,161 – 241,056 917,217 Fair value through other comprehensive income (“Hold to collect and sell” business model) Debt securities – – – – Total financial assets at fair value through other comprehensive income – – – – Total fair value of financial assets 676,161 – 241,056 917,217 2018 Investment Grade (AAA to BBB-) $’000 Below Investment Grade (Below BBB-) $’000 Non-rated $’000 Total $’000 Amortised cost (“Hold to collect” business model) – loans – – 100,383 100,383 – other receivables – – 60,853 60,853 – cash and cash equivalents 644,554 – – 644,554 Total financial assets at amortised cost 644,554 – 161,236 805,790 Fair value through other comprehensive income (“Hold to collect and sell” business model) Debt securities 1,712,607 1,721 1,539,828 3,254,156 Total financial assets at fair value through other comprehensive income 1,712,607 1,721 1,539,828 3,254,156 Total fair value of financial assets 2,357,161 1,721 1,701,064 4,059,946 ANNUAL REPORT 2019 145