Building Lifelong Relationships - NUSS

NUSS
ANNUAl RepoRt 2006
PG
82
Notes to the financial statements
17 Future capital expenditure and commitments
Capital expenditure not provided for in the financial statements but approved:
2006 2005
$ $
Development of new Alumni Complex in consideration of NUS
granting to Society an extension of the current lease for a further
period of 30 years approved in GM dated 21 July 2003 5,000,000 5,000,000
Payment to NUS to-date (307,174) (307,174)
4,692,826 4,692,826
2006 2005
$ $
Capital expenditure for IT systems
approved in GM dated 12 October 2004 600,000 600,000
Capital expenditure to-date (447,997) (258,504)
152,003 341,496
Phase 1 upgrade of KRGH with new facilities to
complement the new Alumni Complex approved
in GM dated 21 July 2003 15,000,000 15,000,000
Capital expenditure to-date (2,262,693) (212,537)
12,737,307 14,787,463
Capital expenditure for KRGH:
- Phase 2 expansion of the KRGH Redevelopment of
a sum not exceeding; and 15,000,000 15,000,000
- a contingency sum for the Phase 1 (previously approved in GM dated
21 July 2003) of the KRGH Redevelopment of a sum not exceeding 2,000,000 2,000,000
approved in GM dated 9 November 2005
Capital expenditure for the purpose of setting up a guild house
at Bukit Timah Campus of a sum not exceeding approved
in GM dated 9 November 2005 2,000,000 2,000,000