NTUC Income AR 2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 4. MANAGEMENT OF INSURANCE AND FINANCIAL RISKS (CONTINUED) (c) Financial risk (continued) (ii) Credit risk (continued) The following table provides information regarding the carrying value of financial assets that have been impaired and the ageing of financial assets that are past due but not impaired: 2019 Financial assets that are past due but not impaired Neither past due nor impaired $’000 Up to 3 months $’000 3 months to 1 year $’000 Greater than 1 year $’000 Total $’000 Financial assets that have been impaired $’000 Debt securities 24,121,529 – – – 24,121,529 – Loans 679,487 – – 39 679,526 11 Derivatives with positive fair values 221,194 – – – 221,194 – Reinsurers’ share of insurance contract provisions 45,695 – – – 45,695 – Insurance and other receivables 309,646 88,442 12,558 – 410,646 2,228 Cash and cash equivalents 676,161 – – – 676,161 – 2018 Financial assets that are past due but not impaired Neither past due nor impaired $’000 Up to 3 months $’000 3 months to 1 year $’000 Greater than 1 year $’000 Total $’000 Financial assets that have been impaired $’000 Debt securities 23,190,596 – – – 23,190,596 – Loans 692,293 139 16 66 692,514 74 Derivatives with positive fair values 130,249 – – – 130,249 – Reinsurers’ share of insurance contract provisions 43,302 – – – 43,302 – Insurance and other receivables 221,409 87,853 15,466 1,794 326,522 3,330 Cash and cash equivalents 644,554 – – – 644,554 – 86 HERE FOR SURE