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ON A RAPID RISE
NOTES TO
FINANCIAL STATEMENTS (CONT’D)
31 March 2015
6 JOINT VENTURE (cont’d)
Summarised financial information in respect of the Group’s joint venture is set out below:
Group
2015 2014
$’000 $’000
Total assets 853 208
Total liabilities (426) (229)
Net assets/(liabilities) 427 (21)
Group’s share of joint venture’s net assets/(liabilities) 214 (10)
Revenue 74 -
Loss for the year (222) (20)
Group’s share of joint venture’s loss for the year (111) (10)
7 STUDENT LOANS Group and
University Company
2015 2014
$’000 $’000
4,256 4,710
Student loans
Represented by: 1,772 2,290
Amount repayable within 12 months 2,484 2,420
Amount repayable after 12 months
4,256 4,710
The student loans are unsecured, interest-free and repayable over a period of 2 to 5 years.
NANYANG TECHNOLOGICAL UNIVERSITY AND ITS SUBSIDIARIES 61
