Page 66 - Nanyang Technological University

NOTES TO
FINANCIAL STATEMENTS (CONT’D)

31 March 2015

10 TRADE AND OTHER RECEIVABLES

Group University Company

Note 2015 2014 2015 2014

$’000 $’000 $’000 $’000

Trade receivables 69,548 34,132 67,208 32,773

Interest receivables 3,761 3,044 3,761 3,044

Operating grant receivables 80,471 - 80,471 -

Research grant receivables 88,507 59,338 88,507 59,338

Endowment matching grant receivables 48,018 28,324 48,018 28,324

Grants receivables 14 96,654 7,892 96,654 7,892

Other receivables 135,643 49,219 132,596 46,219

Allowance for doubtful receivables (902) (829) (902) (829)

134,741 48,390 131,694 45,390

Amounts due from subsidiaries (trade) - - 1,795 2,339
Allowance for doubtful receivables - - (147) (147)

- - 1,648 2,192

Amounts due from subsidiaries (non-trade) - - 1,015 1,015
Allowance for doubtful receivables - - (1,015) (1,015)

- - - -
Amounts due from joint venture 11 19 11 18

Loans and receivables 521,711 181,139 517,972 178,971

Prepayments 10,306 9,908 10,097 9,702

532,017 191,047 528,069 188,673

The amounts due from subsidiaries are unsecured, interest-free and repayable on demand.

Concentration of credit risk relating to trade receivables is limited due to the Group’s varied customers. These
customers are mainly statutory boards, ministries and companies who provided funding for research activities.
The Group’s historical experience in the collection of accounts receivables falls within the recorded allowances.
Due to these factors, management believes that no additional credit risk beyond amounts provided for collection
losses is inherent in the Group’s trade receivables.

Credit risk for other receivables including the various grant receivables is limited as these relate mainly to
receivables from the Government Ministry.

64 NTU ANNUAL REPORT 2015