Page 62 - Nanyang Technological University

NOTES TO FINANCIAL STATEMENTS
(cont’d)
31 March 2016

4 INTANGIBLE ASSETS Group and

University Company

2016 2015

$’000 $’000
Cost
Additions and balance at end of year 1,950 -

Accumulated amortisation 271 -
Amortisation for the year and at end of year
1,679 -
Carrying amount
At 31 March Group and

5 PREPAID LEASE University Company

2016 2015

$’000 $’000

Cost 43,947 43,947
At 1 April
Additions 3,713 -

At 31 March 47,660 43,947

Accumulated amortisation 3,996 2,531
At 1 April
Amortisation charge for the year 1,538 1,465

At 31 March 5,534 3,996

Carrying amount 42,126 39,951
At 31 March

60 NTU ANNUAL REPORT 2016