ANNUAL REPORT 2017/18 43
NOTES TO THE FINANCIAL STATEMENTS
31 March 2018
2018
2017
$’000
$’000
Computer software
licenses costs
Cost
Balance as at 1 April
8,054
7,443
Additions
950
625
Reclassified from
construction in progress
(Note 14)
88
-
Disposals
(28)
(7)
Reclassified to property,
plant and equipment
(Note 14)
-
(7)
Balance as at 31 March
9,064
8,054
Accumulated amortisation
Balance as at 1 April
6,153
4,852
Amortisation
770
1,315
Disposals
(28)
(7)
Reclassified to property,
plant and equipment
(Note 14)
-
(7)
Balance as at 31 March
6,895
6,153
Net book value
2,169
1,901
15. INTANGIBLE ASSETS
2018
2017
$’000
$’000
Operating grants
received in advance
from Government- MIT
Education Component
(Note 10(i))
2,043
-
Provision for graduate
output adjustment
(Note 10(i))
-
3,046
Other operating grants
received in advance-
Government (Note 10(i))
177
355
Research grants
received in advance
from Government - MIT
Research Component
(Note 10(ii))
5,504
3,946
Other research grants
received in advance-
Government
(Note 10(ii))
14,793
10,265
Research grants received
in advance - government
agencies and others
(Note 10(ii))
7,524
8,981
Matching grants payable
3,664
-
33,705
26,593
The balances in these accounts represent grants
received but not utilised at the end of the financial year.
2018
2017
$’000
$’000
Other payables
6,870
7,102
Payables for capital
expenditure
1,083
992
Investment payables
-
2,722
Accruals for
- Operating expenses
18,789
18,458
- Capital expenditure
11,095
12,077
37,837
41,351
16. GRANTS RECEIVED INADVANCE
17. OTHER PAYABLES
