4

DEFERRED CAPITAL GRANTS

 
1999/2000
1998/1999
 
S$      
S$     
Balance as at 1 April
43,718,390
27,821,625
Development grants utilised (Note 11)
23,094,980
21,638,745
Amount transferred from operating grants (Note 10)
3,275,976
2,686,619
Reclassification
593,682
__________
-
__________
70,683,028

52,146,989

Less:
Deferred capital grants amortised
(9,544,912)
__________
(8,428,599)
__________
Balance as at 31 March

61,138,116
=========

43,718,390
=========

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