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

30 FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (cont’d)

The carrying amount of financial assets, grossed up for any provision, represents the maximum credit exposure.
At the end of the reporting period, the credit risk is mainly due from customers in Singapore but there is no
significant concentration of credit risk arising receivables due from any individual other than grant receivables
from the Government Ministry.

The Group manages its credit risk with regular monitoring and following up actions for the debts outstanding
from debtors. Additional information is set out in Note 11.

The aging of loans and receivables at the reporting date is:

2016 2015

Allowance for Allowance for

doubtful doubtful

Gross receivables Gross receivables

$’000 $’000 $’000 $’000

Group

Not past due 261,373 - 489,212 -

Past due 1 to 30 days 8,105 - 12,071 -

Past due 31 to 150 days 5,020 - 12,210 -

More than 151 days 9,104 1,015 9,120 902

283,602 1,015 522,613 902

University Company 256,336 - 485,565 -
Not past due 12,058 -
Past due 1 to 30 days 7,985 - 11,381 -
Past due 31 to 150 days 11,032 2,064
More than 151 days 4,961 -
520,036 2,064
11,145 2,177

280,427 2,177

The movement in the allowance for doubtful receivables in respect of loans and receivables during the year is

as follows:

Group University Company

2016 2015 2016 2015

$’000 $’000 $’000 $’000

At 1 April 902 829 2,064 1,991
Allowance charged 113 73
113 73
At 31 March 1,015 902
2,177 2,064

NANYANG TECHNOLOGICAL UNIVERSITY AND ITS SUBSIDIARIES 83