ANNUAL REPORT 2017/18 39
NOTES TO THE FINANCIAL STATEMENTS
31 March 2018
2018
2017
$’000
$’000
Balance as at 1 April
6,555 (17,255)
Research grants received
during the year
(68,830)
(26,531)
Transferred to deferred
capital grants (Note 19)
5,833
8,494
Transferred to income
statement (Note 7)
47,194 41,847
Balance as at 31 March
(9,248)
6,555
Comprising:
Research grants
receivable (as above)
18,573
29,747
Research grants received
in advance - MIT
Research Component
(Note 16)
(5,504)
(3,946)
Other research grants
received in advance -
Government (Note 16)
(14,793)
(10,265)
Research grants received
in advance - government
agencies and others
(Note 16)
(7,524)
(8,981)
(9,248)
6,555
2018
2017
$’000
$’000
Balance as at 1 April
-
1,877
Development grants
received during the year
-
(4,838)
Transferred to deferred
capital grants (Note 19)
-
2,583
Transferred to income
statement (Note 7)
-
378
Balance as at 31 March
-
-
2018
2017
$’000
$’000
Balance as at 1 April
394,037 411,539
Debt grant received
during the year
(32,176)
(34,511)
Transferred to deferred
capital grants (Note 19)
11,541
3,653
Transferred to income
statement (Note 7)
13,638
13,356
Balance as at 31 March
387,040 394,037
Current
22,635
20,773
Non-current
364,405 373,264
387,040 394,037
2018
2017
$’000
$’000
Designated at fair value
on initial recognition
Quoted debt securities
196,041
218,206
Quoted unit trusts
521,076 465,101
Quoted equity securities
33,096
29,985
Other investments
229,947 102,973
980,160 816,265
(iii) Movement in development grants receivable
(iv) Movement in debt grant receivable
11. FINANCIAL ASSETS AT FAIR VALUE THROUGH
INCOMEANDEXPENDITURE
10. GRANTS AND OTHER RECEIVABLES
(continued)
(ii) Movement in research grants (received in advance)
/receivable
The debt grant receivable relates to funding from the
Government to finance the bank loans utilised for land
premium, construction cost of the East Coast Campus
and the purchase of furniture and equipment, information
technology equipment and systems that falls under the
debt-grant framework initiated by the Government. The
debt grant receivable earns additional grants at variable
rates determined by Ministry of Education based on
Ministry of Finance’s preferential rate, and the carrying value
approximates to its fair value at the balance sheet date.
