10 OPERATING GRANTS
1999/2000
1998/1999
S$     
S$     
Operating grants received during the year
80,675,600
83,011,600
Less:
Amount transferred to deferred capital grants (Note 4)
(3,275,976)
___________
(2,686,619)
___________
77,399,624
==========
80,324,981
==========

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