NTUC Income AR 2019

Note 2019 $’000 2018 $’000 Cash flows from financing activities Proceeds from issuance of common shares 20 1,462 1,749 Redemption of common shares 20 (1,382) (1,453) Payment of lease liabilities 18 (2,318) – Dividends paid 27 (58,432) (52,563) Interest paid 18 (34,223) (32,892) Net cash flows used in financing activities (94,893) (85,159) Net increase in cash and cash equivalents 31,607 58,793 Cash and cash equivalents at beginning of the year 644,554 585,761 Cash and cash equivalents at end of the year 17 676,161 644,554 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 The accompanying notes form an integral part of the financial statements. ANNUAL REPORT 2019 51