Page 67 - Nanyang Technological University

ON A RAPID RISE

NOTES TO Group and
FINANCIAL STATEMENTS (CONT’D) University Company

31 March 2015 2015 2014
$’000 $’000
11 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS
415,431 299,263

701,379 510,035

1,115,572 834,760

Fixed income investments 145,864 152,801
Quoted equity investments
Unquoted investments 2,378,246 1,796,859
Other investments

The Group’s and University Company’s investments are managed by external fund managers. The fair values of
the financial instruments traded in active markets are based on quoted market prices at the end of the reporting
period. The unquoted investments represent investments in private equity funds, hedge funds and limited
partnerships. The fair values of these unquoted investments are based on net asset values provided by fund
managers and external valuations.

The Group’s and University Company’s investments comprise financial instruments (fixed income, quoted equity,
unquoted investments and other investments) managed by external fund managers and cash balances and bank
deposits as follows:

Note Group and
University Company

2015 2014
$’000 $’000

Financial assets at fair value through profit or loss 2,378,246 1,796,859

Cash balances and bank deposits 12 69,355 62,453

2,447,601 1,859,312

The cash balances and bank deposits are included as a component in the cash and cash equivalents in Note 12
for the purpose of disclosure.

NANYANG TECHNOLOGICAL UNIVERSITY AND ITS SUBSIDIARIES 65