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NOTES TO FINANCIAL STATEMENTS
(cont’d)
31 March 2016
11 TRADE AND OTHER RECEIVABLES
Group University Company
Note 2016 2015 2016 2015
$’000 $’000 $’000 $’000
Trade receivables 41,135 69,548 39,357 67,208
Interest receivables 4,623 3,761 4,614 3,761
Operating grant receivables 1,298 80,471 920 80,471
Research grant receivables 97,476 88,507 97,476 88,507
Endowment matching grant receivables - 48,018 - 48,018
Grants receivables 15 32,899 96,654 32,899 96,654
Other receivables 106,165 135,643 101,996 132,596
Allowance for doubtful receivables (1,015) (902) (1,015) (902)
105,150 134,741 100,981 131,694
Amounts due from subsidiaries (trade) - - 2,150 1,795
Allowance for doubtful receivables - - (147) (147)
- - 2,003 1,648
Amounts due from subsidiaries (non-trade) - - 1,015 1,015
Allowance for doubtful receivables - - (1,015) (1,015)
- - - -
6 11 - 11
Amounts due from joint venture
Loans and receivables 282,587 521,711 278,250 517,972
Prepayments 16,943 10,306 16,675 10,097
299,530 532,017 294,925 528,069
The amounts due from subsidiaries are unsecured, interest-free and repayable on demand.
Concentration of credit risk relating to trade receivables is limited due to the Group’s varied customers. These
customers are mainly statutory boards, ministries and companies who provided funding for research activities.
The Group’s historical experience in the collection of accounts receivables falls within the recorded allowances.
Due to these factors, management believes that no additional credit risk beyond amounts provided for collection
losses is inherent in the Group’s trade receivables.
Credit risk for other receivables including the various grant receivables is limited as these relate mainly to receivables
from the Government Ministry.
NANYANG TECHNOLOGICAL UNIVERSITY AND ITS SUBSIDIARIES 67
