CREA TING - Singapore Polytechnic

Statement of Comprehensive Income
For the financial year ended 31 March 2011
General fund Other funds Total
2011 2010 2011 2010 2011 2010
Note $'000 $'000 $'000 $'000 $'000 $'000
Operating income
Course fees 39,762 38,015 14,944 12,095 54,706 50,110
Other fees 947 916 - - 947 916
40,709 38,931 14,944 12,095 55,653 51,026
Operating expenditure
Staff costs 3 (173,523) (152,114) (7,211) (5,981) (180,734) (158,095)
Teaching materials (7,914) (7,717) (584) (870) (8,498) (8,587)
Repairs and maintenance (15,674) (14,064) - - (15,674) (14,064)
Depreciation of property,
plant and equipment 9 (29,607) (28,003) (732) (568) (30,339) (28,571)
Development
expenses written-off (9,730) (10,996) - - (9,730) (10,996)
Staff development
and benefits (4,723) (3,603) - - (4,723) (3,603)
Other expenditure 4 (23,521) (21,547) (7,876) (7,580) (31,397) (29,127)
(264,692) (238,044) (16,403) (14,999) (281,095) (253,043)
Operating deficit (223,983) (199,113) (1,459) (2,904) (225,442) (202,017)
Non-operating income
Donations - - 1,127 672 1,127 672
Interest income - banks 712 283 549 616 1,261 899
Rental income -
operating leases 213 240 1,779 1,638 1,992 1,878
Other income 2,345 1,294 5,056 4,518 7,401 5,812
(Deficit)/Surplus
before grants (220,713) (197,296) 7,052 4,540 (213,661) (192,756)
Grants 5 246,597 216,153 201 1,151 246,798 217,304
Surplus for the year 25,884 18,857 7,253 5,691 33,137 24,548
Other comprehensive
income
Net change in fair value of
financial assets,
available-for-sale - - 8 (58) 8 (58)
Total comprehensive
income 25,884 18,857 7,261 5,633 33,145 24,490
The accompanying notes form an integral part of these financial statements.
Singapore Polytechnic Annual Report 2010/11
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