Page 25 - Nanyang Technological University
P. 25

TRUSTEES’ STATEMENT

Trustees’ Statement

The Board of Trustees present their statement to the members together with the audited consolidated financial statements
of Nanyang Technological University (the  “University Company”) and its subsidiaries (collectively the “Group”) and
statement of financial position and statement of changes in funds and reserves of the University Company for the
financial year ended 31 March 2016.

In the opinion of the Trustees:

(a)	 the consolidated financial statements of the Group and the statement of financial position and statement of
         changes in funds and reserves of the University Company as set out on pages 21 to 84 are drawn up so as to
         give a true and fair view of the financial position of the Group and of the University Company as at 31 March 2016,
         and the financial performance, changes in funds and reserves and cash flows of the Group and the changes in
         funds and reserves of the University Company for the financial year then ended; and

(b)	 at the date of this statement, there are reasonable grounds to believe that the University Company will be able
         to pay its debts when they fall due.

Trustees

The Trustees of the University Company in office at the date of this report are:

Mr Koh Boon Hwee	          (Chairman)
Mr Alwi Bin Abdul Hafiz
Mrs Lee Suet Fern
Ms Lien Siaou-Sze
Mr Lim Chuan Poh
Mr Inderjit Singh
Mr Ernest Wong
Prof Alexander JB Zehnder
Mr Wong Yew Meng
Sir Keith O’Nions
Prof Bertil Andersson
Ms Chan Lai Fung
Mr Goh Sin Teck
BG(NS) Tan Meng Dui
Mr Low Check Kian
Mr Tan Kim Seng
Mr Tan Chin Hwee
Mr Lim Chow Kiat

Mr Lim Chee Onn retired as Trustee of the University Company on 12 August 2015.

                           NANYANG TECHNOLOGICAL UNIVERSITY AND ITS SUBSIDIARIES                                              23
   20   21   22   23   24   25   26   27   28   29   30