NTUC Income AR 2019

The Group 2019 Note 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 ASSETS Property, plant and equipment 5 59,990 – – – 729 60,719 Intangible assets 6 49,875 215 – – 21,932 72,022 Investment properties 7 1,953,545 – – – – 1,953,545 Investment in joint venture 9 153,970 – – – – 153,970 Investment in associated companies 10 408,570 – – – 249,902 658,472 Other financial assets 11 26,860,295 3,618,456 2,419,817 1,345,753 1,112,186 35,356,507 Loans 13 679,330 196 – – – 679,526 Derivative financial instruments 14 190,857 11,969 2,942 5,644 9,782 221,194 Reinsurers' share of insurance contract provisions 15 – – – 45,695 – 45,695 Insurance and other receivables 16 223,308 14,112 33,559 32,159 107,508 410,646 Cash and cash equivalents 17 415,478 125,575 55,489 45,903 33,716 676,161 Assets held for sale 32 – 1,650,541 – – – 1,650,541 30,995,218 5,421,064 2,511,807 1,475,154 1,535,755 41,938,998 LIABILITIES Insurance contract provisions 15 28,723,969 1,864,432 2,450,079 695,311 – 33,733,791 Investment contract liabilities 4,075 – – – – 4,075 Derivative financial instruments 14 74,853 3,086 1,311 2,144 2,862 84,256 Borrowings 18 464,367 – – – 599,582 1,063,949 Insurance and other payables 19 1,191,548 114,185 56,269 142,811 47,467 1,552,280 Liabilities held for sale 32 – 1,644,794 – – – 1,644,794 30,458,812 3,626,497 2,507,659 840,266 649,911 38,083,145 NET ASSETS 536,406 1,794,567 4,148 634,888 885,844 3,855,853 SHARE CAPITAL AND RESERVES Share capital 20 – – – – 988,459 988,459 Treasury shares – – – – (14,159) (14,159) Reserves for future distribution 21 – 150,240 – – – 150,240 Fair value reserve – 5,677 – 35,014 73,114 113,805 Accumulated deficit of Shareholders' Fund 29 – – – – (161,570) (161,570) Accumulated surplus of insurance funds – Life insurance par fund 28 530,197 – – – – 530,197 – Other Insurance Funds 29 – 1,638,650 4,148 599,874 – 2,242,672 530,197 1,794,567 4,148 634,888 885,844 3,849,644 Non-controlling interest 6,209 – – – – 6,209 Total equity 536,406 1,794,567 4,148 634,888 885,844 3,855,853 The accompanying notes form an integral part of the financial statements. CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 42 HERE FOR SURE