Page 69 - Nanyang Technological University

ON A RAPID RISE

NOTES TO
FINANCIAL STATEMENTS (CONT’D)

31 March 2015

13 DEFERRED CAPITAL GRANTS

Government Statutory

Ministries boards Others Total

2015 2014 2015 2014 2015 2014 2015 2014
Group
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

At 1 April 778,046 755,590 70,793 45,857 14,462 11,102 863,301 812,549

Add:

Grants received

for capital expenditure

and development project

transferred from

- Operating grants (Note 25) 14,614 29,085 - - - - 14,614 29,085

- Research grants (Note 18) 26,110 23,492 17,901 16,365 919 512 44,930 40,369

- Development grants

(Note 14) 271,861 117,035 193 - - - 272,054 117,035

- Other grants 2,027 7,515 7,756 21,811 3,674 4,203 13,457 33,529

Assets donated by various

organisations - - - - 1,494 607 1,494 607

314,612 177,127 25,850 38,176 6,087 5,322 346,549 220,625

Less:

Grants taken to profit or loss

Amortisation charge for the year 114,628 153,966 16,401 13,134 3,293 1,947 134,322 169,047

On disposal of fixed assets 316 705 4 106 5 15 325 826

114,944 154,671 16,405 13,240 3,298 1,962 134,647 169,873

At 31 March 977,714 778,046 80,238 70,793 17,251 14,462 1,075,203 863,301

NANYANG TECHNOLOGICAL UNIVERSITY AND ITS SUBSIDIARIES 67