Page 30 - Nanyang Technological University
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STATEMENTS OF FINANCIAL POSITION
(cont’d)
31 March 2016
Group University Company
Note 2016 2015 2016 2015
$’000 $’000 $’000 $’000
LIABILITIES
Non-current liabilities
Deferred capital grants 14 1,217,585 1,075,203 1,217,340 1,074,657
Other non-current liabilities 3,698 3,756 3,698 3,756
Sinking fund received in advance 15 249,187 240,762 249,187 240,762
Total non-current liabilities 1,470,470 1,319,721 1,470,225 1,319,175
Current liabilities
Derivative financial instruments 10 453 11,665 453 11,665
Other payables and accruals 193,468 218,597 184,953 215,175
Provisions 16 100,221 105,334 99,914 105,068
Grant received in advance
- Operating grants 17 4,970 3,569 - -
Grant received in advance
- Information technology and
furniture and equipment
(“IT and F&E”) 15 44,991 43,503 44,991 43,503
Sinking fund received in advance 15 38,840 39,652 38,840 39,652
Short-term borrowings 18 106,500 32,300 106,500 32,300
Deferred tuition and other fees 89,787 83,946 89,737 83,946
Research grants received in advance 19 102,802 97,230 99,887 96,920
Income tax payable 139 351 - -
Total current liabilities 682,171 636,147 665,275 628,229
Total liabilities 2,152,641 1,955,868 2,135,500 1,947,404
Net assets 3,316,679 3,250,751 3,301,783 3,238,957
28 NTU ANNUAL REPORT 2016
