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ON A RAPID RISE
NOTES TO Group and
FINANCIAL STATEMENTS (CONT’D) University Company
31 March 2015 2015 2014
$’000 $’000
4 PREPAID LEASE
43,947 4,982
- 38,965
43,947 43,947
Cost 2,531 1,715
At 1 April
Additions 1,465 816
At 31 March 3,996 2,531
Accumulated amortisation 39,951 41,416
At 1 April
Amortisation charge for the year
At 31 March
Carrying amount
At 31 March
5 SUBSIDIARIES University Company
2015 2014
$’000 $’000
500 500
291 291
Equity investments at cost
Loans to subsidiaries 791 791
The loans to subsidiaries are unsecured and interest-free. The settlements of the amounts are neither planned
nor likely to occur in the foreseeable future. As the amounts are, in substance, a part of the University Company’s
net investment in the subsidiaries, they are stated at cost less impairment losses.
NANYANG TECHNOLOGICAL UNIVERSITY AND ITS SUBSIDIARIES 57
