My first Publication ocbc_ar17_fullreport_english | Page 266

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2017
45. UNCONSOLIDATED STRUCTURED ENTITIES
Unconsolidated structured entities refer to structured entities that are not controlled by the Group. The Group’s transactions in these
structured entities are for investment opportunities as well as to facilitate client transactions. The Group’s maximum exposure to loss
is primarily limited to the carrying amount on its balance sheet and loan and capital commitments to these structured entities.
The following table summarises the carrying amount of the assets and liabilities recognised in the Group’s financial statements relating
to the interests in unconsolidated structured entities undertaken by business segments.
GROUP ($million)
2017
Available-for-sale investments
Other assets
Total assets
Other liabilities
Total liabilities
Other commitments
Loan and capital commitments authorised and contracted (1)
Income earned from sponsored structured entities (2)
Assets of structured entities
2016
Available-for-sale investments
Other assets
Total assets
Other liabilities
Total liabilities
Other commitments
Loan and capital commitments authorised and contracted (1)
Income earned from sponsored structured entities (2)
Assets of structured entities
Global
investment
banking Insurance Others Total
59
–
59 120
5
125 #
–
# 179
5
184
–
– 1
1 #
# 1
1
29 – – 29
– 47 6 53
490 5,008 1,128 6,626
54
–
54 134
5
139 #
–
# 188
5
193
–
– #
# #
# #
#
43 – – 43
– 41 6 47
476 4,091 594 5,161
These were also included in the Group’s capital commitment authorised and contracted in Note 44.
The income earned relates primarily to management fee, interest income or fair value gains or losses recognised by the Group arising from the
interests held by the Group in the unconsolidated investment funds.
(3)
# represents amounts less than $0.5 million.
(1)
(2)
The amount of assets transferred to sponsored entities during 2017 and 2016 were not significant.
264
OCBC ANNUAL REPORT 2017