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ON A RAPID RISE
CONSOLIDATED STATEMENT
OF CASH FLOWS (CONT’D)
Year ended 31 March 2015
Note 2015 2014
$’000 $’000
Group (cont’d)
Financing activities 30,289 41,325
Sinking fund received
IT and F&E grant received 31,310 45,812
Research grants received, net of refund
Operating grants received, net of payment of goods and 309,967 260,773
service tax expense on tuition fees and tuition grants
Development grants and related income received 454,089 634,995
Government ministry grants received
Proceeds from borrowings 165,326 101,064
Repayments of borrowings
206,423 213,509
92,213 111,200
(204,413) (48,300)
Cash flows from financing activities 1,085,204 1,360,378
Net (decrease)/increase in cash and cash equivalents (575,495) 169,938
Cash and cash equivalents at beginning of the year 1,351,051 1,181,113
Cash and cash equivalents at end of the year 12 775,556 1,351,051
The accompanying notes form an integral part of these financial statements.
NANYANG TECHNOLOGICAL UNIVERSITY AND ITS SUBSIDIARIES 33
