Page 70 - Nanyang Technological University

NOTES TO
FINANCIAL STATEMENTS (CONT’D)

31 March 2015

13 DEFERRED CAPITAL GRANTS (cont’d)

Government Statutory

Ministries boards Others Total

2015 2014 2015 2014 2015 2014 2015 2014
University Company
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

At 1 April 777,638 754,796 70,278 45,724 14,462 11,102 862,378 811,622
Add:
Grants received for capital 14,604 29,069 - - - - 14,604 29,069
expenditure and
development project 26,110 23,492 17,901 16,365 919 512 44,930 40,369
transferred from
- Operating grants 271,861 117,035 193 - - - 272,054 117,035
- Research grants
(Note 18) 2,027 7,515 7,580 21,324 3,674 4,203 13,281 33,042
- Development grants
(Note 14) - - - - 1,494 607 1,494 607
- Other grants
Assets donated by
various organisations

314,602 177,111 25,674 37,689 6,087 5,322 346,363 220,122
Less:
Grants taken to profit or loss 114,340 153,568 16,130 13,029 3,293 1,947 133,763 168,544
Amortisation charge for the year 312 701 4 106 5 15 321 822
On disposal of fixed assets

114,652 154,269 16,134 13,135 3,298 1,962 134,084 169,366
At 31 March 977,588 777,638 79,818 70,278 17,251 14,462 1,074,657 862,378

68 NTU ANNUAL REPORT 2015