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NOTES TO FINANCIAL STATEMENTS
(cont’d)
31 March 2016
7 JOINT VENTURE (cont’d)
Summarised financial information in respect of the Group’s joint venture is set out below:
Group
2016 2015
$’000 $’000
Total assets 698 853
Total liabilities (155) (426)
Net assets 543 427
Group’s share of joint venture’s net assets 271 214
Revenue 873 74
Loss for the year (140) (222)
Group’s share of joint venture’s loss for the year (70) (111)
Subsequent to the financial year end, the University had converted the joint venture into a wholly-owned subsidiary.
8 STUDENT LOANS Group and
University Company
2016 2015
$’000 $’000
Student loans
4,453 4,256
Represented by: 1,398 1,772
Amount repayable within 12 months 3,055 2,484
Amount repayable after 12 months
4,453 4,256
The student loans are unsecured, interest-free and repayable over a period of 2 to 5 years.
64 NTU ANNUAL REPORT 2016
