Page 37 - Nanyang Technological University

CONSOLIDATED STATEMENT OF
CASH FLOWS

(cont’d)
Year ended 31 March 2016

Note 2016 2015

$’000 $’000

Group (cont’d)

Financing activities 41,273 30,289
Sinking fund received 39,952 31,310
IT and F&E grant received 381,087 309,967
Research grants received, net of refund
Operating grants received, net of payment of goods and 607,363 461,300
service tax expense on tuition fees and tuition grants
Development grants and related income received 220,845 165,326
Government ministry grants received
Proceeds from borrowings 241,323 206,423
Repayments of borrowings
239,500 92,213

(165,300) (204,413)

Cash flows from financing activities 1,606,043 1,092,415

Net increase/(decrease) in cash and cash equivalents 369,683 (575,495)
Cash and cash equivalents at beginning of the year 775,556 1,351,051

Cash and cash equivalents at end of the year 13 1,145,239 775,556

The accompanying notes form an integral part of these financial statements. 35
NANYANG TECHNOLOGICAL UNIVERSITY AND ITS SUBSIDIARIES