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NOTES TO FINANCIAL STATEMENTS
(cont’d)
31 March 2016
6 SUBSIDIARIES University Company
2016 2015
$’000 $’000
Equity investments at cost 500 500
Loans to subsidiaries 291 291
791 791
The loans to subsidiaries are unsecured and interest-free. The settlements of the amounts are neither planned
nor likely to occur in the foreseeable future. As the amounts are, in substance, a part of the University Company’s
net investment in the subsidiaries, they are stated at cost less impairment losses.
Details of subsidiaries are as follows:
Country of Ownership
Name of subsidiary incorporation interest Principal activities
2016 2015
% %
Held by the University Company
@ Nanyang Technological Singapore 100 100 Innovation and
University – NTUitive Pte Ltd enterprise company of
NTU.
@ NTU Holdings Pte Ltd Singapore 100 100 Investment holding.
@ Singapore Centre for Chinese Singapore 100 100 Provision of training/
professional development
Language Limited courses for Chinese
language teachers and
conduct of educational
research and activities.
@ NIE International Singapore 100 100 Provision of training
programs and consultancy
Private Limited in teacher education and
school leadership.
# Friends of NTU United States 100 100 Promote the
advancement of NTU
in United States.
NANYANG TECHNOLOGICAL UNIVERSITY AND ITS SUBSIDIARIES 61
