Page 68 - Nanyang Technological University

NOTES TO
FINANCIAL STATEMENTS (CONT’D)

31 March 2015

11 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (cont’d)

The weighted average interest rates of fixed income securities at the end of the reporting period and the periods
in which they mature are as follows:

Fixed interest rate securities maturing

Effective

interest rate Less than In 1 to After

per annum 1 year 5 years 5 years Total
Group and University Company
% $’000 $’000 $’000 $’000

2015 1.1 to 3.5 - 133,314 157,501 290,815

2014 0.4 to 4.2 - 79,357 122,009 201,366

12 CASH AND CASH EQUIVALENTS

Group University Company

Note 2015 2014 2015 2014

$’000 $’000 $’000 $’000

Investments

Cash at bank and in hand 5,443 3,591 5,443 3,591

Deposit with financial institutions 40,000 - 40,000 -

45,443 3,591 45,443 3,591

Money market funds and cash held

by custodian banks 23,912 58,862 23,912 58,862

11 69,355 62,453 69,355 62,453

Others

Cash at bank and in hand 84,369 228,410 70,463 209,730

Deposit with financial institutions 621,832 1,060,188 619,693 1,058,055

706,201 1,288,598 690,156 1,267,785

Cash and cash equivalents 775,556 1,351,051 759,511 1,330,238

The University Company manages 2 bank accounts on behalf of the NTU Students’ Union. As at end of the
reporting period, the bank balance of $5,933,000 (2014: $5,552,000) has not been included in the cash and cash
equivalents of the University Company.

66 NTU ANNUAL REPORT 2015