ANNUAL REPORT 2015/2016 - Nanyang · PDF filetheir careers at NYP. 04. ... such as Unilever to clinch the Best Dairy ... Philippines, Sri Lanka and Thailand. NYPi

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ANNUAL REPORT 2015/16 01

CONTENTS

02Vision, Mission

& Values

04Board of

Governors

06Message from

Chairman & PCEO

10Organisation

Chart

13Senior

Management

15Advisory

Committees

12Senate

11Committees

37Focus on Industry

52Lifelong Learning

22Highlights

19Student Intake & Enrolment AY2015/16

62Financial

Statements

58NYP Education

Fund

02 NANYANG POLYTECHNIC ANNUAL REPORT 2015/16 03

VISION, MISSION & VALUES

OUR VISION To be a Premier Polytechnic of Global Distinction.

OUR MISSION We provide quality education and training to prepare students and adult learners for work and life, equipping them to be lifelong learners and to contribute to the technological, economic and social development of Singapore.

We will harness our resources, expertise, creativity and innovation to support the development of business and industry and to complement Singapore’s globalisation efforts.

OUR VALUESCan-Do Spirit A positive mindset, grasping opportunities, a willingness to try something new and rising to new challenges.

Borderless Teamwork Working seamlessly across schools and departments to achieve synergy and maximise organisational capability.

Development Orientation Dynamism, growth and a pioneering spirit. Always looking ahead and planning for the future.

Innovation and Enterprise Inventive, creative and creating new opportunities. Being entrepreneurial, business-oriented and business-friendly.

Nurturing and Caring Culture Commitment to help our students develop new skills and maximise their potential. Support for our colleagues in their work to encourage their growth and success in their careers at NYP.


DEPUTY CHAIRMAN

MS JESSICA TANManaging DirectorMicrosoft Operations Pte Ltd

CHAIRMAN

MR TAN TONG HAIChief Executive Officer & Executive DirectorStarHub Ltd

MR CHAN LEE MUNPrincipal & CEONanyang Polytechnic(up to 30 June 2015)

MS JEANNE LIEW Principal & CEONanyang Polytechnic (from 1 July 2015)

MR QUEK GIM PEWChief Executive OfficerDSO National Laboratories

DR GAETAN ANGOH MR CHIANG HOI KEONG Principal ConsultantHans Klaus Consultants

MS PHUA PUAY LIDirectorManpower Planning & StrategyMinistry of Health

MR MOHAMED AMRIN BIN MOHAMED AMINParliamentary SecretaryMinistry of Home Affairs

MR LEE PAK SINGDirector International DirectorateMinistry of Finance

MR FREDDIE YEOChief Operating OfficerInfinite Studios

PROF LIM MONG KINGProfessor School of Mechanical & Aerospace EngineeringNanyang Technological University

RADM FREDERICK CHEW CHIH CHIANGCommanderMaritime Security Task ForceRepublic of Singapore Navy

DR NG CHER SIANGManaging DirectorGardenia Foods (Singapore) Pte Ltd

MR LIM SIM SENGGroup Executive & Singapore Country Head DBS Bank

MR TAY YONG SENGPartnerAllen & Gledhill LLP

MR SNG CHERN WEIDirectorCurriculum Planning & Development Division 1Ministry of Education

BOARD OF GOVERNORS


MESSAGE FROM CHAIRMAN AND PRINCIPAL & CEO

as they reach milestones in the framework. NYP hopes to inculcate key values and important life skills in students as they hone their expertise in their areas of interest.

NYP has also revamped the General Studies Module (GSM) framework, expanding the number of modules and, from April 2016, students will be required to take modules outside of their disciplines. All Year 1 students now need to take three compulsory GSMs in fitness, career guidance, and personal and character development, while Year 2 and Year 3 students will broaden their general knowledge in other fields by taking GSMs from other schools in NYP. As part of our campus expansion project, we have introduced new real-world teaching facilities and upgraded existing ones. For instance, we partnered StarHub and Planet Telecoms to set up Connect’on, an info-communications lifestyle store, on 23 June 2015. Together with the expanded and revamped Cheers and D’Studio retail stores, these student-run enterprises offer students the opportunity to undergo realistic, relevant and industry-based retail training in a real-world environment.

In-depth hands-on training for students to hone relevant skills is also the focus at the new BodyWatch Gym, Media Hub and Media Studio, all of which feature industry-standard and state-of-the-art equipment such as integrated multi-station fitness apparatus and enhanced broadcast studio equipment. Meanwhile, to enhance our students’ job readiness and instil a proactive mindset even before they join the workforce, we collaborated with the Singapore Workforce Development Agency to establish the Productivity Training Centre.

A new, dedicated Lifestyle Hub was also completed during the year. This is where students go to relax and have fun between

classes, catch up with friends or unwind after a long day, adding to the vibrancy and diversity of campus life. Separately, we are in the process of setting up MakerSpace@NYP – a brand-new facility where students can unleash their imagination to design and create things.

ACHIEVEMENTSOur schools continue to promote the values of innovation and enterprise through the curricula as well as activities beyond the classroom. These efforts have borne fruit as demonstrated by the many accolades our students have won throughout the year at both national and international levels.

Three final year students from the Diploma in Banking & Financial Services made history as the first Singaporean team to emerge world champions in the CME Group’s 2016 Trading Challenge, beating more than 500 teams from 200 universities around the world.

At WorldSkills São Paulo 2015, NYP students won a silver medal, a bronze and six Medallions of Excellence, while over in Amsterdam, a group of students from the School of Chemical & Life Sciences surpassed big names in the F&B industry such as Unilever to clinch the Best Dairy Dessert Award at the 2015 World Dairy Innovation Awards Competition.

Closer to home, School of Engineering students bagged a total of 10 medals at the Singapore Robotics Games 2015 – the largest medal haul among all participating institutions. We are also proud to have been the only polytechnic tasked to produce multimedia special effects and videos for the SG50 National Day Parade (NDP). A team of talented students from the Schools of Business Management and Interactive & Digital Media, mentored by their lecturers, came together to showcase beautiful visual effects and three videos created for NDP 2015.

FY2015/16 has been another fulfilling year for Nanyang Polytechnic (NYP). We continued

to make good progress in delivering on our mission of providing quality education and training to prepare our students and adult learners for the world of work and life. We have also done well in accomplishing our goals of supporting the industry and complementing Singapore’s globalisation efforts. Having maintained close links with the Economic Development Board since its inception, NYP is well-positioned to support the national SkillsFuture movement. We have played an active role in supporting new SkillsFuture initiatives over the past year to not only help our students make informed learning and career choices, but also support Singaporeans in their lifelong learning journeys.

NYP opened its new Education and Career Guidance (ECG) Centre in October 2015. Run by six counsellors, the ECG Centre assists students in creating connections between their academic experiences and future career paths. We have also done the ground work to introduce ECG modules in our curricula starting with Year 1 students in the new academic year in 2016.

We have attained positive outcomes in the Enhanced Internship Programmes (EIPs) with GlaxoSmithKline Biologicals and Novartis Singapore Pharmaceutical Manufacturing. Seventy per cent of NYP students who completed EIPs with these two leading pharmaceutical companies and were not heading for national service, were offered employment before graduation.

This achievement was followed by the establishment of 50 more partnerships with companies to offer EIPs. We moved

ahead to collaborate with Ubisoft Singapore and InterContinental Hotels Group in October 2015 to provide EIPs in the games and hotel industries. In early 2016, two more biopharmaceutical companies – Baxalta and Lonza Biologics – joined NYP’s list of EIP providers.

NYP’s SkillsFuture Earn and Learn Programmes (ELPs) also got off to a good start with the launch of five such programmes in culinary management, retail, games development and information systems development last year. Plans are underway to expand ELPs into disciplines such as visual communication, healthcare, precision engineering and biomedical sciences over the next two years.

In the year under review, we admitted 4,959 students into 51 full-time diploma courses, bringing our total full-time Pre-employment Education and Training enrolment to 15,842. In March 2016, 5,164 students graduated from their full-time studies, bringing the total number of diploma graduates at NYP to 82,965 since our inception. Last year, 90.7 per cent of NYP graduates found employment within six months of graduation, with an average starting salary of about S$2,300.

ENRICHING STUDENT EXPERIENCE During the year, we reviewed existing initiatives and introduced new ones to ensure holistic development for NYP students. We have put in place a comprehensive Student Development framework that is consistently applied across the Polytechnic. This framework aims to “Engage, Enable and Empower” students through key activities and development and training programmes for each of the key pillars in our CCAs – Arts & Culture, Community Service, Sports & Adventure, and Leadership & Character. This is to systematically build on their prior learning


MESSAGE FROM CHAIRMAN AND PRINCIPAL & CEO

Separately, one of our students from the School of Design impressed UNIQLO Singapore with her final year project titled “50 Types of Singaporeans”, and as part of the UNIQLO Street Tales initiative, T-shirts featuring her designs were on sale from August to October 2015. Her designs also won the 2015 Crowbar Silver Award (SG50 category) presented by the Association of Accredited Advertising Agents Singapore.

CONTINUING EDUCATION & TRAINING In Continuing Education & Training (CET), NYP further enhanced its programmes that aim to upgrade and retrain Singapore’s workforce.

In the past year, NYP conducted 860 CET course runs that delivered 26,116 training places in total. These included 77 course runs that led to polytechnic qualifications, 89 short courses and 23 seminars, as well as 671 Workforce Skills Qualification courses under our Academy of Lifelong Learning & Skills, the Singapore Institute of Retail Studies, and the Asian Culinary Institute (ACI) Singapore.

Our newly established ACI also signed a memorandum of understanding with the Restaurant Association of Singapore to provide relevant training and development programmes for professional and aspiring chefs. As the anchor training provider for the F&B services industry, ACI will help build a pipeline of local chefs who will specialise in Asian cuisines, strengthen continual professional development for existing employees, and facilitate innovation and productivity enhancement through R&D.

INNOVATION & ENTERPRISE As industry trends continually shift and new technology rapidly develops, it is important for NYP staff and students to keep abreast of the changes and stay relevant. One of the ways we have been able to do so is by working on Research,

nearly half of our final year students participated in overseas industrial placements, internships, student exchange programmes, educational trips, competitions and community service initiatives. They gained meaningful international exposure, adapting to cross-cultural differences while learning from and sharing ideas with their peers.

Through NYP International (NYPi), we took NYP’s brand of education beyond Singapore’s shores. Eighty training courses and study visits were organised for 1,693 participants from countries such as Bangladesh, China, Indonesia, the Philippines, Sri Lanka and Thailand. NYPi also hosted visits for 417 visitors from 13 countries who were keen on learning about our polytechnic and Singapore’s education system.

APPRECIATION We take this opportunity to pay tribute to our former Principal and Chief Executive Officer Mr Chan Lee Mun, who stepped down on 30 June 2015 after 23 years of illustrious service to NYP. Mr Chan was part of the pioneering team that helped to set up NYP in 1992 and played an integral role in the development of this institution in the years since. Under his leadership, NYP broke new ground on many occasions and introduced a multitude of initiatives and programmes to strengthen both teaching and learning processes at NYP. We sincerely thank Mr Chan for his tireless efforts and invaluable contributions to NYP.

We would also like to thank the members of our Board of Governors and Advisory Committees for their wise counsel, as well as our industry partners and donors for their generous support. Finally, our appreciation goes out to all NYP staff who have driven our continued growth and development with dedication and hard work.

CHAIRMAN

MR TAN TONG HAIChief Executive Officer & Executive DirectorStarHub Ltd

PRINCIPAL & CEO

MS JEANNE LIEW Nanyang Polytechnic

Innovation & Enterprise (RIE) projects to identify solutions for real-world problems. In FY2015/16, our portfolio of RIE projects continued to expand, and 16 such projects – involving a total of 303 students – successfully secured grants from various funding sources. The funding sources include the MOE Translational R&D and Innovation Fund, MOE Tertiary Education Research Fund, GeoFund from Singapore Land Authority, and the Social Innovation Research Fund from Tote Board. We also filed eight new patents and entered into seven new licensing agreements for in-house technologies and innovations.

As part of efforts to promote an entrepreneurial spirit, NYP Entrepreneurship Start-ups – or NEST – was established in September 2014, providing hot-desking space on campus to student and alumni start-ups at no charge. We are pleased to report that 38 students and 23 alumni have thus far registered to use NEST.

At NYP’s Centre of Innovation Electronics (COIE), the Internet of Things Open Innovation Community (IOIC) was launched in December 2015 to provide support for local enterprises to develop new business innovations. Supported by SPRING Singapore and Infocomm Development Authority of Singapore, the IOIC is an open innovation network that aims to surmount the many business challenges that SMEs face. Through the IOIC, SMEs can connect with ecosystem players, technology partners, research and knowledge institutions, and relevant industry catalysts to explore, experiment and collaborate.

INTERNATIONALISATION The year has been equally busy on the international front as we continued to grow our network in 27 countries and entered into new collaborations with partners from Switzerland, the UK, the US, South Korea and Thailand, amongst others. Over the past 12 months,

ANNUAL REPORT 2015/16 1110 NANYANG POLYTECHNIC

ORGANISATION CHART

COMMITTEES

ADMINISTRATION COMMITTEE CHAIRMAN MR TAN TONG HAIChief Executive Officer & Executive DirectorStarHub Ltd

DEPUTY CHAIRMANMR CHIANG HOI KEONGPrincipal ConsultantHans Klaus Consultants

MEMBERSMR FREDDIE YEOChief Operating OfficerInfinite Studios

PROF LIM MONG KINGProfessorSchool of Mechanical & Aerospace EngineeringNanyang Technological University

MR CHAN LEE MUN Principal & CEONanyang Polytechnic(up to 30 June 2015)


INVESTMENT COMMITTEECHAIRMANMR LIM SIM SENGGroup Executive & Singapore Country HeadDBS Bank

MEMBERSMR TAY YONG SENGPartnerAllen & Gledhill LLP

MS PHUA PUAY LIDirectorManpower Planning & StrategyMinistry of Health

MR CHAN LEE MUN Principal & CEONanyang Polytechnic(up to 30 June 2015)


AUDIT COMMITTEECHAIRMANDR GAETAN ANGOH

MEMBERSRADM FREDERICK CHEW CHIH CHIANGCommanderMaritime Security Task ForceRepublic of Singapore Navy MR MOHAMED AMRIN BIN MOHAMED AMINParliamentary SecretaryMinistry of Home Affairs

MR LEE PAK SINGDirector International DirectorateMinistry of Finance

NYP EDUCATION FUND MANAGEMENT COMMITTEECHAIRMANMR CHAN LEE MUN Principal & CEONanyang Polytechnic(up to 30 June 2015)


DEPUTY CHAIRMANMR SNG CHERN WEIDirectorCurriculum Planning & Development Division 1Ministry of Education

TREASURERMS SU KALLYDirector, FinanceNanyang Polytechnic

MEMBERSMR CHAN YEW MENGDeputy Principal (Academic)Nanyang Polytechnic

MR THAMBYRAJAH TRegistrarNanyang Polytechnic

DevelopmentPlanning & Development

International Development

Continuing Education & TrainingCollege of Continuing Education• Professional

Development Centre• Singapore Institute

of Retail Studies• Asian Culinary

Institute Singapore

Academic Development & ServicesRegistrar’s Office• Student &

Graduate Services• Examinations Office• Student Recruitment

& Admissions

Foundation & General Studies

Office for International Students

Student Affairs

Library & Information Services

Alumni Relations Office

Centre for Technology Innovation & Commercialisation

Centre for Professional & Leadership Development

SchoolsSchool of Business Management

School of Chemical & Life Sciences

School of Design

School of Engineering

School of Health Sciences

School of Information Technology

School of Interactive & Digital Media

Corporate ServicesHuman Resources

Purchasing & General Administration

Finance

Internal Audit

Computer & Network Centre

Estate Management

Quality & Planning Office

Communications & Outreach

i@Central

BOARD OF GOVERNORS

PRINCIPAL & CEO


SENATE SENIOR MANAGEMENT

CHAIRMANMR CHAN LEE MUNPrincipal & CEO(up to 30 June 2015)

MS JEANNE LIEWPrincipal & CEO (from 1 July 2015)

SECRETARY & APPOINTED MEMBERMR THAMBYRAJAH TRegistrar

APPOINTED MEMBERSMR CHAN YEW MENGDeputy Principal (Academic)Senior Director, Centre for Professional & Leadership Development MR HO HOOI MINSenior Director, College of Continuing Education MR TEDDY ONGDirector, Professional Development Centre MR DANIEL WEEDirector, Library MR CHIANG KAH KEEDirector, Foundation & General Studies MR TAN JEK MINDirector, Asian Culinary Institute Singapore MS MEGAN ONGDirector, Singapore Institute of Retail Studies MR LAI POH HINGDirector, Quality & Planning Office

SENIOR MANAGEMENT MR CHAN LEE MUNPrincipal & CEO (up to 30 June 2015)

MS JEANNE LIEWPrincipal & CEO (from 1 July 2015)

MR EDWARD HO Deputy Principal (Development)

MR CHAN YEW MENG Deputy Principal (Academic) Senior Director, Centre for Professional & Leadership Development

MR HENRY HENG Deputy Principal (Organisational Excellence)

MR HO HOOI MIN Senior Director, College of Continuing Education

MS JUDY TAN Director, Human Resources

MR CHIANG KAH KEE Director, Foundation & General Studies

MR CHER THON JIANG Director, Office for International Students and i@Central

MR THAMBYRAJAH T Registrar

MR CHUA GIM PENG Director, Student Affairs

MR KOH SWEE GUAN Director (Projects), Deputy Principal (Development)’s Office

MR LAI POH HING Director, Quality & Planning Office

DR VALDEW SINGH Director, Centre for Technology Innovation & Commercialisation and Alumni Relations Office

HEADS OF SCHOOLMR EDWARD HODeputy Principal (Development)Senior Director, School of Engineering

MR HENRY HENGDeputy Principal (Organisational Excellence)Senior Director, School of Business Management

MR DENNIS ANGDirectorSchool of Information Technology DR JOEL LEEDirectorSchool of Chemical & Life Sciences MS LAU CHENG MUNDirectorSchool of Health Sciences (Allied Health) MS BELLA TANDirectorSchool of Health Sciences (Nursing) MR DANIEL TANDirectorSchool of Interactive & Digital Media MR LEE YOUN KAYDirectorSchool of Design

MS NG EK KOON Director, Purchasing & General Administration

MR TEDDY ONG Director, Professional Development Centre

MR ANG ENG NAM Director, Estates Management

MR DANIEL WEE Director, Library

MR SANTOKH SINGH Director, Communications & Outreach

MS SU KALLY Director, Finance

MS LAW CHIN CHOO Director, Computer & Network Centre

DR MATHEW LAU Deputy DirectorProfessional Development Centre

MS SIM GEK CHEOK Deputy Director (Operations), Finance

MR WEE AIK HWEE Deputy Director, Student Affairs

MS GOH GEOK CHOO Deputy Director (Information Systems) Computer & Network Centre

MR CHAI KUEK HENG Deputy Registrar Registrar’s Office

DR QUEK CHIN JOO Assistant Registrar Registrar’s Office

MR DANIEL LIU Deputy Director Quality & Planning Office

MR JULIAS WIKARTA Deputy DirectorHuman Resources

MR YANG TIENDeputy Director (MakerSpace@NYP), Deputy Principal (Development)’s Office

ELECTED MEMBERSMS LOH CHUU YIDeputy Director (Business Informatics)School of Information Technology MR RICHARD KHAWAssistant Director (Food & Pharmaceutical Sciences)School of Chemical & Life Sciences MS DORIS CHANAssistant Director (Continuing Education & Training) School of Health Sciences (Nursing) MS SOO SIEW LEEAssistant DirectorSchool of Business Management MR LOOH CHEE WAIManagerSchool of Engineering MR ANDREW LAMManagerSchool of Interactive & Digital Media MR KHAIRUL HUSSINAssistant ManagerSchool of Design

MS TEO PHAY HOON Assistant Director Outreach Programme

MS JAYANTHI GOPAL Assistant Director, Communications

MS CHRISTINE CHUA Assistant Director, Human Resources

MS LINA CHONG Assistant Director, Student Affairs

MR TERENCE ANG Assistant Director (Facilities & Services) Estates Management

SCHOOL OF BUSINESS MANAGEMENTMR HENRY HENGSenior Director

MS DENISE LEONGDeputy Director

MS ESTHER HOAssistant Director

MS SHARON LHUAssistant Director

MS SOO SIEW LEEAssistant Director

SCHOOL OF CHEMICAL & LIFE SCIENCES DR JOEL LEEDirector

MR YOW KUM PANGDeputy Director (Chemical)

MR WONG POH SENGAssistant Director (Chemical)

MR ANAND KRISHNASAMYAssistant Director (Life Sciences)


MR RICHARD KHAWAssistant Director (Food & Pharmaceutical Sciences)

SCHOOL OF DESIGNMR LEE YOUN KAYDirector

MR TAN KHEE SOONDeputy Director (Academic)

SCHOOL OF ENGINEERINGMR EDWARD HOSenior Director

MS LIM SIEW ENG Director, Centre of Innovation (Electronics)

MR LAM YOOK MINGDeputy Director (Robotics & Automation Systems)

MR AUSTIN GOHDeputy Director (Special Projects)

DR CHOO KENG WAHDeputy Director (Bio-Electronics)

MR MICHAEL CHEONGDeputy Director (InfoComm)

MR DESMOND TANDeputy Director (Aerospace & Precision Engineering)

SCHOOL OF HEALTH SCIENCES (ALLIED HEALTH)MS LAU CHENG MUNDirector

DR BRYAN CHUADeputy Director (Allied Health)

SCHOOL OF HEALTH SCIENCES (NURSING)MS BELLA TANDirector (Nursing)

MS DORIS CHANAssistant Director (Continuing Education & Training)

MS KOO MAY YEOKAssistant Director (Pre-Employment Training)

SCHOOL OF INFORMATION TECHNOLOGYMR DENNIS ANGDirector

MS LOH CHUU YIDeputy Director (Business Informatics)

MR KELVIN NGDeputy Director (Systems & Network)

MR MELVYN SUANAssistant Director (Mobile Innovation)

SCHOOL OF INTERACTIVE & DIGITAL MEDIAMR DANIEL TAN Director

DR NG KIAN BEEDeputy Director (Interactive Design & Effects)

MR ALBERT LIMDeputy Director (Games & Digital Entertainment and Projects)

SINGAPORE INSTITUTE OF RETAIL STUDIES MS MEGAN ONGDirector

MS DIANE WEEAssistant Director

ASIAN CULINARY INSTITUTE SINGAPOREMR TAN JEK MINDirector

NYP INTERNATIONALMR FOONG TZE FOONChief Executive Officer

MR DANILS CHIADirector (International Development)

MR ANTHONY WOONDirector (Projects) International Development

MR LIM CHOON GUANDirector (Training & Planning)TVET Development Institute

MS ESTHER BAYDeputy Director (International Relations)TVET Development Institute

MR CHAO TIANG MINGDeputy Director (Training & Planning) TVET Development Institute

NYP VENTURESMR EDWARD HOChief Executive Officer

DR VALDEW SINGHGeneral Manager

SENIOR MANAGEMENT

ADVISORY COMMITTEES

BUSINESS MANAGEMENT CHAIRMAN MR LIM SIM SENG Group Executive &Singapore Country Head DBS Bank

DEPUTY CHAIRMAN MR GERRY LEE KIAN HUP Deputy Chief Executive Officer Singapore (Operations)NTUC Fairprice Co-operative Limited

MEMBERS MR ANTHONY ANG Executive DirectorARA Asset Management (Fortune) Limited

MR CEDRIC CHEW Deputy Director Business Operations Singapore Sports Institute Sport Singapore

MR RICKY CHEW Founder & Managing Director Fish & Co. Restaurants Pte Ltd

MR KOH CHENG CHUA Managing Director & HeadCorporate Banking Singapore United Overseas Bank Limited

MS NEETA LACHMANDAS Executive DirectorInstitute of Service ExcellenceSingapore Management University

MR TONY LAI Chief Strategist Institute of Societal Leadership Singapore Management University

MR BARRY LEE Partner KPMG LLP

MRS SEAH-KHOO EE BOON Senior Vice President Human Resources & Communications Resorts World at Sentosa Pte Ltd

ASSOC PROF LOW BUEN SIN Associate Dean, Executive Programmes & External RelationsAssociate Professor of Banking & FinanceNanyang Business SchoolNanyang Technological University

MR HENRY HENG Deputy Principal (Organisational Excellence) & Senior Director School of Business Management Nanyang Polytechnic

CHEMICAL TECHNOLOGYCHAIRMAN DR GAETAN ANGOH

MEMBERS MR DANIEL NG JOO THEN Senior AdvisorDorf Ketal Chemicals Pte Ltd

MR GEORGE ROUTHIER Managing Director Pfizer Asia Pacific Pte Ltd

DR SEE SOO LOI Chief Executive Officer NSL Chemicals Ltd

MR JOSEPH LAM Managing Director Beacons Pharmaceuticals Pte Ltd

MR TAY TING HUA Vice President Yokogawa Engineering Asia Pte Ltd

MR LESLIE CHAPPLE Senior Director Global Technical Support Hyflux Ltd

MR NG CHENG HEE Operations Manager Singapore Refining Company Pte Ltd

DR VICTOR WONG Cell Culture Group Leader Manufacturing Science & Technology Lonza Biologics Tuas Pte Ltd

MR RONALD TAY Business Owner Solaron Energy Enterprise

MS LOW WAN JING Head, PetrochemicalsEconomic Development Board

ASSOC PROF LOH KAI CHEE Associate Professor & Deputy Head (Research & External Relations) Department of Chemical & Biomolecular Engineering National University of Singapore

DR JOEL LEE Director School of Chemical & Life Sciences Nanyang Polytechnic

MR YOW KUM PANG Deputy Director (Chemical) School of Chemical & Life Sciences Nanyang Polytechnic

FOOD & LIFE SCIENCESCHAIRMANDR NG CHER SIANGManaging DirectorGardenia Foods (S) Pte Ltd

MEMBERSMS KHOO GEK HOON DirectorPost-Harvest Technology Department Agri-Food & Veterinary Authority of Singapore


DR LESLIE LAM Head & Senior ConsultantLaboratory MedicineNg Teng Fong General Hospital

DR STEVEN FANG Partner Clearbridge Accelerator

MR CHOO KIN POO Group Vice PresidentStrategy Planning & Global Business DevelopmentLuye Medical Group Ltd

ASSOC PROF BRENDON JOHN HANSON HeadBio-Defence Therapeutics Laboratory DMERIDSO National Laboratories

MS THIEN KWEE ENG Assistant Managing Director (Cluster Group Consumer) Economic Development Board

PROF PATRICK H M LOH Director-Shareholder Link (THM) Sciences Pte LtdAdjunct Professor, Strategy & Organisation Lee Kong Chian School of Business Singapore Management University

DR ANNIE LING Director Policy, Research & Surveillance DivisionHealth Promotion Board

ASST PROF LITA CHEW SUI TJIEN Chief Pharmacist Singapore Pharmacy Council Ministry of Health

MS JOANNE CHIO SIEW LENGHead, Clinical Trials Haematology-Oncology Research GroupNational University Cancer Institute, SingaporeNational University Hospital

ASSOC PROF TAN TIN WEE DirectorNational Supercomputing CentreAssociate ProfessorDepartment of Biochemistry Yong Loo Lin School of Medicine National University of Singapore

ASSOC PROF CHRISTINA CHAI LI LINAssistant DeanFaculty of Science National University of Singapore

MR SIM CHOON SIONGGroup Director (Quality and Standards)SPRING Singapore

DR JOEL LEE Director School of Chemical & Life Sciences Nanyang Polytechnic

DESIGNCHAIRMANMR CHIANG HOI KEONG Principal ConsultantHans Klaus Consultants

MEMBERSASST PROF PEER M SATHIKHActing Associate Chair (Academic)School of Art, Design & MediaNanyang Technological University

MR PETER HOWDirector, DesignCPG Consultants Pte Ltd

MR ALLEIN G MOOREPublisher & Chief Executive OfficerAdAsia Media Pte Ltd

DR WILSON CHEWGroup Principal Consultant & Chief Executive OfficerStrategiCom Pte Ltd

MR PETER NOUHDirector, Visual MerchandiseDFS Venture Singapore (Pte) Ltd

MS YEO PIAH CHOODirector (Industry Development)DesignSingapore Council

MR LEE YOUN KAYDirectorSchool of DesignNanyang Polytechnic

MR HO HOOI MINSenior DirectorCollege of Continuing EducationNanyang Polytechnic

ENGINEERINGCHAIRMAN MR QUEK GIM PEW Chief Executive Officer DSO National Laboratories

MEMBERSMR NG CHONG KHIMSenior AdvisorST Electronics Limited

MR DENNIS AUPresident & Chief Executive Officer Frencken Group Limited

DR LIM BOON HUATManaging DirectorRohde & Schwarz Asia Pte Ltd

MR CHANG CHIN NAMExecutive DirectorPrecision EngineeringEconomic Development Board

MR ONG VOON FIESenior Vice PresidentSanmina-SCI Systems Singapore Pte Ltd

MR TAN CHENG TECKExecutive Vice President ProductionSenoko Energy Pte Ltd

DR RICKY SOUWChief Executive OfficerSanwa Plastic Industry Pte Ltd

ADVISORY COMMITTEES

PROF ANDREW Y C NEEProfessorNational University of Singapore

MR CHRISTIAN BURDINManaging Director Festo Pte Ltd

MR LEONG MUN YUEN

MR HIDEKI BABAManaging DirectorPanasonic Factory Solutions Asia Pacific

MR LOH KHAI PENGManaging DirectorHewlett-Packard Singapore (Sales) Pte Ltd

MR TAN YUH WOEICountry DirectorSymantec Singapore Pte Ltd

DR YOON KOK THEANDeputy Managing DirectorSP Training and Consultancy Company Pte Ltd

MR TIN HOOperations DirectorRolls-Royce Singapore Pte Ltd

MR ALOK MISHRAVice PresidentStrategic Business SystemsJohnson & Johnson Medical Asia Pacific

MR JACOB TONGGeneral Manager Group Information SystemsKeppel Corporation Limited

MR EDWARD HODeputy Principal (Development) & Senior DirectorSchool of Engineering Nanyang Polytechnic

MR CHAN YEW MENGDeputy Principal (Academic) & Senior DirectorCentre for Professional & Leadership DevelopmentNanyang Polytechnic

MR HO HOOI MINSenior DirectorCollege of Continuing Education Nanyang Polytechnic

HEALTH SCIENCESCHAIRMAN CLIN PROF ANG CHONG LYE Chief Executive Officer Singapore General Hospital

MEMBERSMR T K UDAIRAMGroup Chief Executive OfficerEastern Health Alliance

MR ZEE YOONG KANGChief Executive OfficerHealth Promotion Board

MR FOO HEE JUGChief Executive OfficerJurong Health Services Pte Ltd

MS PHUA PUAY LIDirector Manpower Planning & StrategyMinistry of Health

MS TAN SOH CHINChief Nursing OfficerMinistry of Health

ASSOC PROF PATRICK TSENGChief Dental OfficerMinistry of Health

MS ANGELA YAKDirectorSocial Service Leadership UnitHuman Capital Development GroupNational Council of Social Service

ADJ ASSOC PROF CHONG PHUI NAHChief Executive OfficerNational Healthcare Group Polyclinics

ADJ ASSOC PROF JOE SIMChief Executive OfficerNational University Hospital

ASSOC PROF KOH DOW RHOONDepartment of PhysiologyYong Loo Lin School of MedicineNational University of Singapore

MS AIZED NOORMusculoskeletal PhysiotherapistPhysio Solution

DR LOH YIK HINChief Executive OfficerSt Andrew’s Community Hospital

ASSOC PROF PANG WENG SUNChairmanMedical BoardYishun Community Hospital

DR PAULINE TAN CHENG JEEChief Executive OfficerYishun Community Hospital

MS LAU CHENG MUNDirector (Allied Health)School of Health Sciences Nanyang Polytechnic

MS BELLA TANDirector (Nursing)School of Health SciencesNanyang Polytechnic

INFORMATION TECHNOLOGYCHAIRMANMS JESSICA TANManaging DirectorMicrosoft Operations Pte Ltd

MEMBERSMR EDDIE CHAUCo-founder & ChairmanV-Key IncCo-Founding Partner TNF Ventures


MR ANDREW CHOWPresidentST Electronics (Info-Comm Systems) Pte Ltd

MR SIMON DALEHead of Technology & InnovationAsia Pacific Japan SAP Asia Pte Ltd

MR HARISH PILLAYGlobal HeadCommunity Architecture & LeadershipRed Hat Asia Pacific Pte Ltd

MR KHOR CHECK KIMFounderKCK Consulting

MR HOWIE LAUChief Marketing OfficerStarHub Ltd

MR LIM SWEE CHEANGVice DeanExecutive Development ProgrammeSchool of Continuing & Lifelong EducationNational University of Singapore

MR P RAMAKRISHNADeputy Chief Executive OfficerCIO Academy Asia

MR ALPHONSUS PANGVice PresidentBusiness TransformationStarHub Ltd

DR COLIN QUEKManaging PartnerTalentgrid Ventures Pte Ltd

MR JOSHUA SOHChief Executive OfficerHealthstats

MS CLAUDIA TANCountry Manager Enterprise Business UnitIBM Singapore Pte Ltd

PROF THAMBIPILLAI SRIKANTHANExecutive DirectorCyber Security Research CentreProgramme Director TUM-CREATE ProgrammeNanyang Technological University

MR DANIEL TANDirectorSchool of Interactive & Digital MediaNanyang Polytechnic

MR DENNIS ANGDirectorSchool of Information TechnologyNanyang Polytechnic

INTERACTIVE & DIGITAL MEDIA CHAIRMANMR FREDDIE YEOChief Operating OfficerInfinite Studios

MEMBERSMS TERESA CHENGGeneral ManagerLucasfilm Animation Company Singapore B.V.

MR JOHNNY LAU DirectorAnime International Co. Asia

MR NG TEOW KHOONPresident, Asia PacificSide Effects Asia Pacific

MR RAYMOND WONGSenior Vice PresidentKoei Tecmo Singapore Pte Ltd

MR SENG CHOON MENGChief Executive OfficerScrawl Studios Pte Ltd

MR BARRY SEEHead, Production ResourceMediacorp TV Singapore Pte Ltd

MR PETER BARBERDirector, Creative ServicesBlackmagic Design

MR OLIVIER DE ROTALIERManaging DirectorUbisoft Singapore Pte Ltd

MR JOACHIM NGDirector, Industry OperationsMedia Development Authority of Singapore

MR PEE BENG KONG Director, Electronics Division Economic Development Board(up to 30 November 2015)

MR KIREN KUMARExecutive DirectorInfocomms & Media ClusterEconomic Development Board

PROF SEAH HOCK SOONProfessor & Director gameLABDivision of Visual & Interactive ComputingSchool of Computer EngineeringNanyang Technological University

MR DAVID NGChief Executive OfficerGo Game Pte Ltd

MR JAMES EARL GRAYGeneral Manager & Vice PresidentThe Walt Disney Company (Southeast Asia) Pte Ltd

MS GINA SIMBusiness DirectorOneKind AsiaOgilvy & Mather

MR DENNIS ANGDirectorSchool of Information TechnologyNanyang Polytechnic

MR DANIEL TANDirectorSchool of Interactive & Digital MediaNanyang Polytechnic

ADVISORY COMMITTEES

STUDENT INTAKE &ENROLMENT AY2015/16

Enrolment Intake

Diploma in Industrial Design 150 42

Diploma in Space & Interior Design 217 70

Diploma in Visual Communication 199 68

Total 566 180

SCHOOL OF DESIGN

Enrolment Intake

Diploma in Biologics & Process Technology 147 42

Diploma in Chemical & Green Technology 143 45

Diploma in Chemical & Pharmaceutical Technology 395 110

Diploma in Food Science & Nutrition 242 71

Diploma in Medicinal Chemistry 161 50

Diploma in Molecular Biotechnology 213 63

Diploma in Pharmaceutical Sciences 217 56

Total 1,518 437

SCHOOL OF CHEMICAL & LIFE SCIENCES

Enrolment Intake

Diploma in Accountancy & Finance 455 144

Diploma in Banking & Finance Previously known as Diploma in Banking & Financial Services 377 109

Diploma in Business Management 1,168 311

Diploma in Food & Beverage Business 180 59

Diploma in Fund Management & Administration 182 52

Diploma in Hospitality & Tourism Management 458 110

Diploma in Marketing 235 74

Diploma in Mass Media Management 170 52

Diploma in Sport & Wellness Management 183 51

Total 3,408 962

SCHOOL OF BUSINESS MANAGEMENT


GRAND TOTAL 15,842 4,959

Enrolment Intake

Diploma in Dental Hygiene & Therapy 73 24

Diploma in Diagnostic Radiography 121 55

Diploma in Nursing 2,038 731

Diploma in Occupational Therapy 185 56

Diploma in Physiotherapy 260 91

Diploma in Radiation Therapy 35 15

Diploma in Social Sciences (Social Work) 156 50

Total 2,868 1,022

SCHOOL OF HEALTH SCIENCES

Enrolment Intake

Diploma in Animation 263 77

Diploma in Digital Game Art & Design 234 72

Diploma in Digital Visual Effects 126 44

Diploma in Game Development & Technology 216 74

Diploma in Interaction Design 203 65

Diploma in Motion Graphics & Broadcast Design 101 37

Total 1,143 369

SCHOOL OF INTERACTIVE & DIGITAL MEDIA

Enrolment Intake

Aerospace/Mechatronics Programme 328 328

Common Engineering Programme 314 311

Diploma in Aeronautical & Aerospace Technology 287 45

Diploma in Aerospace Systems & Management 176 45

Diploma in Biomedical Engineering 249 66

Diploma in Digital & Precision Engineering 369 113

Diploma in Electrical Engineering with Eco-Design 242 52

Diploma in Electronics, Computer & Communications Engineering

845 139

Diploma in Engineering with Business 205 99

Diploma in Manufacturing EngineeringCourse not offered from AY2015/16

150 -

Diploma in Mechatronics Engineering 409 3

Diploma in Multimedia & Infocomm Technology 655 176

Diploma in Nanotechnology & Materials Science 148 45

Diploma in Telematics & Media Technology 103 23

Total 4,480 1,445

SCHOOL OF ENGINEERING

STUDENT INTAKE &ENROLMENT AY2015/16

Enrolment Intake

Diploma in Business Enterprise IT 183 64

Diploma in Business Informatics 371 91

Diploma in Business Intelligence & Analytics 161 39

Diploma in Cyber Security & Forensics Previously known as Diploma in Information Security 192 62

Diploma in Engineering Informatics 399 117

Diploma in Financial Informatics 181 53

Diploma in Information Technology 372 118

Total 1,859 544

SCHOOL OF INFORMATION TECHNOLOGY


HIGHLIGHTSHIGHLIGHTS

Between 27 April and 22 May 2015, a series of events were held to encourage students and staff to celebrate their positive experiences at NYP, as well as to recognise those who have encouraged and supported them. They were invited to write notes to show their appreciation of others and were encouraged to post them on colourful “I Appreciate” boards set up around NYP.

THIRD RUN OF “I APPRECIATE”

IO2B WORKSHOPSNYP adopted the Integrated

Objective/Outcome-based

Teaching & Learning (iO2B)

Framework with the aim of

achieving alignment between

clear articulation of learning

outcomes, appropriate use

of instructional activities

and assessment strategies.

Between April and July 2015,

a total of 173 staff were

trained in the new framework.

Six workshops were held

for Course Management

Teams and one for School

Directorate members.

Students writing appreciative messages for “I Appreciate” 2015

APR 2015

NYP Connect, a new mobile app

for alumni, was launched during the

NYP Graduation Ceremony 2015.

The app is part of an innovative

system that allows graduates to

book campus facilities, register for

events and update their personal

particulars through personalised

e-Cards on their smartphones.

In May 2015, NYPi launched

a Fujian TVET Capability

Development Project, which

aims to train 96 principals/

leaders and 120 heads of

departments and course

managers from various

polytechnic colleges across

Fujian, China in technical and

vocational education and

training (TVET). The course

participants form a core group

and contribute to enhancing

the standards and quality of

TVET in the southern Chinese

province. As part of the

project, a total of four TVET

Institute Management courses

and five NYP Education

Concepts and Academic

Management courses will be

conducted. Following several

partnership-development

trips to Heilongjiang and Jilin

provinces, an NYP student

learning node has also been

established in Harbin, and

another TVET project is set to

launch in Jilin in mid-2016.

Separately, 15 TVET

management programmes

were held at NYP for 300

representatives from 60

polytechnics and vocational

colleges in Henan. They

included senior education

officials, TVET management

and specialist staff, and the

project was completed in

January 2016.

NYP CONNECT APP

SIDM AND CNB COMBAT DRUG ABUSE WITH MOBILE GAMEIn partnership with the Central Narcotics Bureau (CNB), SIDM students developed a new mobile game “Aversion” that educates youths on the dangers of drug abuse. It was launched at NYP on

7 May 2015 with the help of Jackie Chan, Singapore’s first celebrity anti-drug ambassador. During his visit, the international superstar also met with the SIDM students who developed the game.

TVET CAPABILITY DEVELOPMENT PROJECTS FOR CHINA

The new NYP Connect e-Card provides an identity for our alumni and allows us to connect with them more effectively

One of the young developers of “Aversion” showing anti-drug ambassador Jackie Chan how to play the mobile game

MAY 2015

A colourful “I Appreciate” notice boardPosting up encouraging notes


HIGHLIGHTS

A Zumbathon event organised by SCL

and Thye Hua Kwan Moral Society

was held on 20 June 2015 to celebrate

racial harmony. Then Education Minister

Heng Swee Keat graced the event as

the guest of honour. With a total of

3,578 participants, the event entered the

Singapore Book of Records for the most

number of people participating in a mass

Zumba exercise.

A delicious creation by SCL

and SDN students named

“Mangolina” – a milk pudding

made with mango and the algal

superfood Spirulina – won the

Best Dairy Dessert Award at

the 2015 World Dairy Innovation

Awards. The competition was

part of this year’s Global Dairy

Congress, which was held in

Amsterdam from 23 to 25 June

2015. Another entry from the

team – a black glutinous rice

energy drink with wolfberry

extract – was a finalist for the

Best Dairy Drink Award.

ZUMBATHON

Launched on 29 June, the library’s new content-rich website with user-centric design,

collaboration tools and improved browsing capabilities has created a better user

experience. Featuring enhanced integrated search functionalities, the Library Portal

provides intuitive and seamless access to library services and resources. A new

Library On-the-Go mobile app was also introduced on the same day.

NEW LIBRARY PORTAL

BEST DAIRY DESSERT AT WORLD DAIRY CONGRESS

EXCELLENT SERVICE AWARDSForty-five staff from the

various schools and corporate

departments were recognised

with Excellent Service

Awards (EXSAs) for delivering

outstanding service and being

role models in their respective

fields in 2014. In all, they

attained one STAR Award,

seven Golds and 37 Silvers. The

2014 EXSAs were presented to

NYP staff on 24 June 2015.

JUN 2015

Users are able to access library services and resources seamlessly and efficiently wherever they are via the Library Portal

Enthusiastic participants led by professional Zumba instructors at the Zumbathon

JUL 2015

Pioneers from organisations such as Teck Ghee Community Centre, Pasir Ris Community Centre and National Kidney Foundation having a good time at the SG50 Community Day with Our Pioneer Generation event

NYP STAFF WINS SYA MEDAL OF COMMENDATIONSix years after winning a

Singapore Youth Award (SYA),

Assistant Director of Student

Affairs Lina Chong received the

SYA Medal of Commendation

at a presentation ceremony on

12 July 2015. Ms Chong

was the only recipient of the

commendation medal this year.

The accolade is given out by

the National Youth Council to

former SYA recipients who

have continued to contribute

to society for at least five years

after being conferred the SYA.

SG50 COMMUNITY DAY WITH OUR PIONEER GENERATIONStudents from NYP’s various co-curricular clubs came together to befriend and engage with some 1,000 Singaporeans from the Pioneer Generation at the SG50 Community Day with Our Pioneer Generation event. A collaboration

with People’s Association and the National Youth Council, the event was held on 25 July 2015 and featured a variety of programmes, including a musical, a carnival with a “past, present & future” theme, and games such as marbles and tic-tac-toe.


HIGHLIGHTS

SG50 NATIONAL DAY PARADE SIDM has been involved in the

National Day Parade (NDP)

since 2011 and again helped to

drive digital media efforts for

the 2015 parade to celebrate

Singapore’s Golden Jubilee.

Motion Graphics & Broadcast

Design students worked closely

with the NDP Media Team to

develop seven segments of

stunning animated visuals that

were projected onto 220 metres

of massive LED panels around

the Padang during the NDP.

SHS’s Lim Ling working with a patient in a WorldSkills scenario

SIT’s Daniel Lee was Singapore’s best-performing competitor at WorldSkills 2015Fifty-nine countries participated in the

WorldSkills Competition, which was

held in São Paulo, Brazil from 11 to 16

August 2015. The Singapore contingent

took home a total of three medals, two

of which were won by NYP students.

SIT’s Daniel Lee Wei Meng clinched

the silver medal in the IT Network

Systems Administration category. He

was also presented with the “Best of

Nation” award for garnering the best

overall score amongst the Singapore

representatives. Lim Ling, a Year 2

student from SHS, won bronze in the

Health and Social Care category.

WORLDSKILLS SÃO PAULO 2015

AUG 2015

A tapestry of colourful digital media visuals created by SIDM students for NDP 2015

SEP 2015

CYBER SECURITY AND SOLUTIONS CENTRE OPENSThe new Cyber Security and Solutions Centre, which was unveiled on 5 September 2015, serves as a platform for SIT students to build cyber security competencies through involvement in cutting-edge industry projects and knowledge-sharing sessions. The centre is a joint effort between NYP, the Centre for Strategic Infocomm Technologies (CSIT), Microsoft Singapore, StarHub and ST Electronics.

SIT students participate in various initiatives sponsored by CSIT at the Cyber Security and Solutions Centre for their final year projects

INTERNATIONAL GAME CONCEPT CHALLENGEStudents from the Digital Game Art & Design and Game Development & Technology courses had the opportunity to travel to Valenciennes, France for the International Game Concept Challenge 2015. Held from 1 to

9 September, the intense competition promotes a unique multinational ideation process in game concept creation, with each team made up of a mix of students from participating institutions in Singapore, France and Japan.

International Game Concept Challenge 2015 in France


HIGHLIGHTS

OCT 2015

PS21 STAR SERVICE AWARD 2015Dr Phua Chee Teck, manager

of the School of Engineering,

won the prestigious PS21 Star

Service Award 2015 for having

consistently demonstrated

high standards of service

excellence. Many of his

innovations and initiatives are

in line with the government’s

vision for the public sector

to become “One Trusted

Public Service with Citizens

at the Centre”. One such

example is Dr Phua’s R&D

collaboration with National

University Hospital on the

“development of a novel

method to determine risk

of stroke among patients

with atrial fibrillation”, which

ultimately aims to provide a

better quality of life for those

who are ill.

“SINGAPORE PERSPECTIVE ON URBAN AIR QUALITY AND PUBLIC HEALTH” SYMPOSIUMExperts from various fields,

including public health,

environmental monitoring

and toxicology, gathered

at NYP on 15 September

for a symposium on urban

air quality and its impact

on health. Hosted by the

Centre for Sustainable

Nanotechnology, the

Singapore Perspective on

Urban Air Quality and Public

Health symposium sought to

identify innovative solutions

to mitigate the health risks

of air pollution. Leading

researchers from National

University of Singapore,

Nanyang Technological

University, KK Women’s and

Children’s Hospital, Institute

of Occupational Medicine,

PerkinElmer Singapore Pte

Ltd, AiRazor Technologies and

NYP presented their latest

findings at the event. SEG students with faculty members at BCIT

OVERSEAS INTERNSHIPS AT BCIT, CANADAA collaboration between NYP and the British Columbia Institute of Technology (BCIT) saw students from the School of Engineering going on an overseas internship in British Columbia, Canada from 23 September to 23 December 2015. During their attachments with BCIT Technology Centre, Vancouver General Hospital and Novadaq Technologies Inc., the students worked on portable diagnostic and R&D projects, and assisted with quality assurance and maintenance of hospital equipment.

NYPi CONCLUDES TWO NURSING CAPABILITY DEVELOPMENT PROJECTS FOR CHINATwo Nursing Capability Development Projects for the Chinese provinces of Shandong and Jiangsu were completed in FY2015. The Shandong project, which wrapped up in October 2015, saw 156 chief nurses, nursing managers, nursing specialists and nursing educators from 65 hospitals (Class 2 or above) and nursing colleges from

Shandong receiving training at NYP in nursing management, nursing pedagogy and specialist nursing. Meanwhile, 134 management staff, teaching staff and nursing practitioners from 20 hospitals (Class 2 or above) and nursing colleges in Jiangsu underwent eight courses at NYP, the last of which ended in January 2016.

Ahmad Kamal was crowned champion in the Male Match Class H category

Visitors viewing the Design Inspiration Journey Exhibition at Ang Mo Kio Library

A Nursing Capability Development Project training session in Shandong

TERTIARY CHAMPIONSHIP The NYP Silat Team’s training and determination paid off at the Tertiary Silat Championship held on 19 and 20 September 2015, when

it clinched a total of four golds and eight bronze medals. The team also won overall first runner-up in the competition.

DESIGN INSPIRATION JOURNEY EXHIBITION Roving exhibitions at three public libraries to showcase creative works by students from the School of Design have been very well-received by the public. The first exhibition was held in Bishan Public Library in October

2015, followed by Ang Mo Kio and Orchard in November 2015 and March 2016 respectively.

SEP 2015


HIGHLIGHTS

In June and November 2015, the NYP

Mentoring Club organised the

Learning*Enabling*Appreciating*

Developing (LEAD) Heritage Learning

Journey for some 200 young

beneficiaries from partner voluntary

welfare organisations. The programme

was sponsored by the National Youth

Council. The participants explored

Singapore with three Ps in mind –

People, Progress and Patriotism –

including a visit to Kreta Ayer Square

where they interacted with elderly

Singaporeans and learnt about issues

that these seniors face.

LEAD HERITAGE LEARNING JOURNEY – SG50 PROGRAMME

A SPECTRUM of vibrant arts showcased during the NYP Arts Festival

NOV 2015

AS ONE, DANCE MUSICAL 2015More than 160 students and alumni performed in

the dance musical As One on 27 and 28 November,

and wrapped up SPECTRUM – NYP Arts Festival

2015 with a resounding bang. The choreography

was cleverly interwoven with multimedia

projections and evoked powerful emotions as the

performers re-enacted Singapore’s nation-building

journey and transformation into a country with one

of the world’s most competitive economies.Students perform “as one” in a rousing dance musical extravaganza

The Polytechnic’s best arts talents

were showcased during SPECTRUM –

NYP Arts Festival, and a myriad of

performances, exhibitions, workshops

and concerts were held from 9 to

28 November 2015. Themed “Our

Future”, the well-received festival

featured many creative collaborations

involving SDN, SIDM, Library, NYP

Arts and Culture Council, and the

Polytechnic’s various arts and

culture clubs.

SPECTRUM – NYP ARTS FESTIVAL 2015

EDUCATION SYMPOSIUM 2015“Moving Forward: The Assessment Imperative” was the theme for Education Symposium 2015 (ES2015) held on 18 December 2015. Emeritus Professor Patrick Griffin from the University of Melbourne and Dr Gog Soon Joo from the Workforce Development Agency delivered keynote lectures at the event. The afternoon featured

DEC 2015

In December 2015, NYPi

completed the first phase

of the Skills and Training

Enhancement Project

(STEP) for the Directorate

for Technical Education

(DTE), Ministry of Education,

Bangladesh. Aimed at

reforming and enhancing

Bangladesh’s technical and

vocational education and

training (TVET) system, the

project trained 420 officials,

institutional leaders and senior

faculty members through

22 training programmes.

Encouraged by the positive

feedback from participants,

DTE and NYPi went on to

sign a 3½-year partnership

agreement on 16 February

2016. It will enable 1,150

Bangladesh TVET leaders

and teachers to deepen their

technical and professional

knowledge through 60

management programmes,

specialisation programmes

and innovative teaching

and learning (T&L) and

train-the-trainer programmes.

In addition, NYPi is assisting

DTE in establishing 10 pilot

starter-laboratories to enhance

T&L in Bangladesh.

SKILLS AND TRAINING ENHANCEMENT PROJECT FOR BANGLADESH

Reading Lounge, a new learning space where students can engage in group collaborations, individual study and social interactions in a relaxed setting, was launched on 10 December 2015. Located next to the library with views of the roof garden, the lounge is fitted with comfortable, modular chairs and configurable furniture to meet individual or group preferences.

The new Touch2Read Kiosk in the library was also launched on 10 December. Using intuitive touch and swipe gestures, it provides quick access to a selection of high-quality digital resources such as

INTRODUCING THE READING LOUNGE AND TOUCH2READ KIOSK

a masterclass by Professor Griffin, as well as 10 concurrent talks and workshops conducted by staff from NYP’s seven schools, Centre for Professional & Leadership Development, Foundation & General Studies, Professional Development Centre, Asian Culinary Institute and the Singapore Institute of Retail Studies.

NYP’s Reading Lounge aims to inspire learning, spark creativity and encourage interaction among students

The new Touch2Read Kiosk

local and international eMagazines, eNewspapers and eBooks. These include over 5,000 publications from 133 countries in 56 languages.


HIGHLIGHTS

A team of 21 School of Engineering

students scooped up six medals –

two golds, two silvers and two

bronzes – at the Singapore Amazing

Flying Machine Competition on 20

January 2016. They competed in the

Autonomous and Semi-Autonomous

categories at the prestigious annual

competition jointly organised by

DSO National Laboratories and

Science Centre Singapore. The

Semi-Autonomous team was also

invited to conduct a demonstration at

the closing ceremony.

SINGAPORE AMAZING FLYING MACHINE COMPETITION

NYP played host to a space-

themed carnival organised

by Social Sciences (Social

Work) students, together with

People’s Association Family Life

Champions, on 2 January 2016.

“Let Your PAssion Take Flight

2016 – Journey to Space” aimed

to promote intergenerational

bonding within families and to

encourage active ageing among

seniors through activities such as

making a rocket together.

LET YOUR PASSION TAKE FLIGHT – JOURNEY TO SPACE

JAN 2016

NYP HOSPITALITY & TOURISM INDUSTRY CONFERENCEThe importance of having a long-term mindset to drive sustainable

business success was underscored at the sixth NYP Hospitality &

Tourism Industry Conference held on 11 January 2016. In line with this

year’s theme of “Leadership and Challenges in the Hospitality and

Tourism Industry”, Minister for Social and Family Development Mr Tan

Chuan Jin shared his experiences in leading youth as president of the

Singapore National Olympic Council and while serving in the Singapore

Army. The event was also an opportunity for students to network with

guests from associations and industry partners, as well as with alumni.Minister Tan Chuan Jin engaging students during the conference

An autonomous drone ready for the Singapore Amazing Flying Machine Competition

FEB 2016

EXECUTIVE MANAGEMENT MEMBERS RETREATA 2D1N retreat was held for Executive Management Members

(EMM) on 25 and 26 February 2016. The retreat was a chance

for the EMM to develop closer bonds with each other, as well

as review and deliberate on NYP’s strategic goal: to “Deliver An

Enriching Student Experience”.

In February, Prime Minister Lee Hsien Loong stopped by Silicon Valley during his working visit in the US and met with many Singaporean professionals based in the famous tech hub. Among them was School of IT alumnus Lo Min Ming, who was invited to a Chinese New Year reception with the PM. In 2015, Min Ming sold his Silicon Valley start-up company Pixelapse to Dropbox, Inc., one of the world’s most famous cloud storage companies.

CNY RECEPTION IN SILICON VALLEY

Lo hei with PM Lee during his visit to Silicon Valley

2016 CME GROUP TRADING CHALLENGEA team of three final year

students from the Diploma in

Banking & Financial Services

emerged champion in the

2016 CME Group Trading

Challenge, beating more than

460 teams from 200 universities

globally. This is the first time

a team from Singapore has

won the four-week electronic

trading competition, which

was held from 2 February to

4 March 2016.

The winning team of Darrell Lim, Chong Li Shi and Toh Qin Yi

EMM having fun at their retreat


HIGHLIGHTS

On 12 March 2016, more than

270 past and present NYP

students came together to

compete in athletics events

and friendly floorball, netball,

soccer and ultimate frisbee

matches. The formidable

alumni team of 115 members

won 11 of the 13 events on

what was a memorable day

for all who attended.

MAR 2016

The Polytechnic played host to 200

senior citizens from Thye Hua Kwan

Moral Society for a day on 12 March

2016. The School of Engineering

coordinated the community service

event with participation from the six

other schools. The elderly guests

tucked into a morning tea before

taking part in activities such as

a treasure hunt, lucky draws and

karaoke sessions with NYP students

and staff.

FUN DAY OUT AT NYP FOR SENIOR CITIZENS Over nine days and eight nights in

March 2016, 28 SDN students were

accompanied by two lecturers on a

visit to magical Barcelona – home to

unique Gothic cathedrals, architectural

masterpieces and UNESCO World

Heritage buildings. The tour was

specially arranged to widen the

students’ perspectives in design,

and enable them to experience and

understand the influence and impact of

culture on design and urban planning.

OVERSEAS TRIP TO BARCELONA, SPAIN

LAUNCH OF ORAL HEALTH THERAPY PUBLICATIONPublished on 16 March 2016,

Dimensions in Oral Health

Therapy, Singapore serves as

a showcase of expertise and

the research and development

efforts of students from the

Diploma in Dental Hygiene &

Therapy. It also aims to create

a high level of awareness and

acceptance of oral health

therapists in a bid to promote

greater understanding of

the profession.

Cover of the first edition of Dimensions in Oral Health Therapy, Singapore

SDN students visited many famous sights in the Spanish city, including the Barcelona Cathedral (background)

NYP students and staff interacting with Thye Hua Kwan residents

The DesignS Gala Dinner & Awards

Nite – a key event of the 2016

Singapore Design Week – was held on

17 March. Students from the School

of Design took home 17 Singapore

Design Awards and six Singapore

Good Design Marks. It was the largest

number of accolades won by any

institution at the event, and there

were hearty cheers from the jubilant

SDN team each time NYP’s name

was announced.

DESIGN WEEK AWARDS NITE

Proud lecturers with award-winning SDN students who scooped up a total of 23 awards at the DesignS Gala Dinner & Awards Nite 2016

In FY2015, the School of Business Management signed

new memoranda of understanding with eight overseas

universities to collaborate on student and faculty

exchanges. The new collaborations have created more

opportunities for SBM students to study abroad. Currently,

SBM has an active base of 55 partners in 18 countries as

part of its Overseas Student Exchange Programme (OSEP).

SBM EXPANDS ITS OVERSEAS STUDENT EXCHANGE PROGRAMME

SBM students on exchange at DHBW Mosbach, Germany

INAUGURAL NYP PAST VS PRESENT GAMES


MAR 2016

11 MEDALS AT THE INTER-TERTIARY CANOEING CHAMPIONSHIPS 2016The high-speed sport of canoe-sprinting is often

referred to as the Formula 1 of water sports. The

aim of the Inter-Tertiary Canoeing Championships

(ITCC) is to provide an opportunity for canoeists

in tertiary institutions in Singapore to participate

in competitions

catered specifically

to them. At the

ITCC on 19 March

2016, NYP’s women

canoeists clinched

five silvers and six

bronze medals.

On 22 March 2016, students and

alumni from the NYP Chinese

Orchestra set off excitedly for an

eight-day music immersion trip to

Shanghai, China. Highlights of the

NYP CHINESE ORCHESTRA SHANGHAI MUSIC EXCHANGE

NYP Chinese Orchestra members at Changi Airport before their first trip to China

trip included visiting the Shanghai

Conservatory of Music (SCOM) to

learn from the teachers there and

to hold a collaboration concert with

students from the middle school

affiliated with SCOM. Informative talks

on music sight reading, theory and

technique, as well as an instrument

factory tour were also key activities

on the itinerary.

HIGHLIGHTS FOCUS ON INDUSTRY

Multiple medal wins for the NYP women canoeists

NYP prides itself on providing quality, industry-relevant polytechnic education. It has distinguished itself by implementing

a contextual teaching and learning concept to train technologists, relentlessly pursuing new innovations to meet the needs of a changing economy, working closely with industry, and focusing on developing new capabilities. Over the years, NYP has collaborated with a large network of partners, forging strong relationships and

leveraging on each other’s resources, expertise and capabilities. These partners include industry and technology leaders, educational and research institutions, and economic and development agencies – both local and international. In FY2015, the various schools in NYP introduced key initiatives and new developments, set up new facilities, inked numerous memoranda of understanding (MOUs), and won many important industry projects.


FOCUS ON INDUSTRY

SCHOOL OF BUSINESS MANAGEMENT (SBM)

NEW TEACHING ENTERPRISE CENTRESIn AY2015, new Teaching Enterprise Project facilities were set up to provide realistic, relevant and industry-based training for final year students from SBM. These facilities included the Productivity Training Centre, Marketing Services Centre (comprising D’Studio, Connect’on and Cheers), Media Hub & Production Studio, and BodyWatch Gym.

Diploma in Mass Media Management (DMMM) students at the Media Hub & Production Studio, which opened on 6 January 2016

Led by NYP, a group of five

polytechnics and the Institute of

Technical Education (ITE) signed

MOUs with 16 retail companies for

the implementation of SkillsFuture

initiatives. Mr Ong Ye Kung, Acting

Minister for Education (Higher

Education and Skills), witnessed the

MOU signing ceremony for the retail

sector, held on 26 January 2016.

RETAIL SECTOR COORDINATION TEAM MOU SIGNING

Mr Ong Ye Kung (far left) interacting with students from the polytechnics and ITE after the MOU signing ceremony

O T H E R C O L L A B O R AT I O N S

Key Initiatives 1. Enhanced Internship Programme

2. NYP-ACCA Accelerated Professional Pathway Scheme (for Diploma in Accountancy & Finance students)

MOUs (Overseas Student Exchange Programme Partner Universities)1. California State University, Long Beach, USA

2. FHS St. Gallen, Switzerland

3. Kookmin University, South Korea

4. Middlesex University, UK

5. Rangsit University, Thailand

6. San Diego State University, USA

7. University of Seoul, South Korea

8. University of Sunderland, UK

MOUs (Industry)1. Accounting and Corporate Regulatory

Authority (ACRA)

2. FOX International Channels

3. InterContinental Hotels Group

4. Olympus Imaging Singapore

5. Singapore Sports Institute

Industry Projects1. Customer Satisfaction Survey 2015 for Koufu

2. Examinations Process Review Project for The Institute of Banking and Finance Singapore

3. Housekeeping and Front Office Productivity Study for AccorHotels

4. Mystery Shopping Programme for Extra Space Singapore Holdings

5. Mystery Shopping Programme for Sheng Siong Supermarket

6. Post Programme Evaluation for Army Recruitment Centre

7. Project on Analysing and Reporting Survey Responses from Employers to Determine Training Impact on Business for Singapore Institute of Retail Studies

8. Provision of Retail Banking Related Services to OCBC Bank, NTU Branch

9. Video Productions for SMBC Singapore Open and HSBC Women’s Champions

Students from DMMM were involved in filming and video production for

high-profile events such as the 2015 Formula 1 Singapore Airlines Singapore

Grand Prix and the 2015 National Day Parade.

VIDEO PRODUCTION FOR PROMINENT EVENTS IN SINGAPORE

DMMM lecturers and students in the midst of filming Singapore’s 50th Anniversary Celebration at the 2015 National Day Parade in August

Chairman of NYP’s Board of Governors Mr Tan Tong Hai (third from left) shown a product at the official opening of the Marketing Services Centre on 23 June 2015


FOCUS ON INDUSTRY

SCHOOL OF CHEMICAL & LIFE SCIENCES (SCL)

Patents were successfully filed for two

innovations by SCL lecturers. On 10

March 2016, the patent for “Sample

Preparation Method for MALDI-ToF

Mass Spectrometry” towards rapid

identification of food bacteria was filed

by Ms Catherine Seah, Dr Mathew Lau

and Ms Liew Tze Horng. Separately,

Dr Saji George and Ms Ignacius Tay

filed the patent for antimicrobial

composition and preparation methods

on 23 March 2016.

RESEARCH INNOVATIONS PATENTED

In March 2016, SCL signed MOUs

with Lonza Biologics Tuas Pte

Ltd and Baxalta Manufacturing

SARL, Singapore Branch to

formalise the partnership and

commitment in NYP’s Enhanced

Internship Programme (EIP) on

biologics manufacturing. This

follows a successful pilot run

of the EIP with GSK Biologicals

and Novartis BioPharmOps

Singapore, where seven in 10

students not heading for national

service were offered employment

before graduation.

SCL SUCCESSFULLY EXPANDS SKILLSFUTURE EIP


Key Initiatives &New Developments 1. Appointment of NYP as Programme

Lead by Workforce Development Agency for Earn and Learn Programme – Advanced Diploma in Pharmaceutical Sciences

2. Launch of Workforce Skills Qualifications Culinary Course

MOUs (Universities & Educational Institutions)1. Macquarie University, Australia

2. Suwon Women’s University, South Korea

3. Technological and Higher Education Institute of Hong Kong

4. University of Yangon, Myanmar

5. Zurich University of Applied Sciences, Switzerland

MOUs (Industry)1. 3M Technologies Pte Ltd

2. Agri-Food and Veterinary Authority of Singapore

3. Baxalta Manufacturing SARL, Singapore Branch

4. Health Promotion Board

5. Institute of Molecular and Cell Biology

6. Lonza Biologics Tuas Pte Ltd (Joint MOU with SCL & SEG)

7. Pfizer Asia Pacific Pte Ltd

8. ProXES Asia Pacific Pte Ltd

9. Pure Orient Global Ltd

10. Quest Laboratories Pte Ltd

11. SP-Asia Pte Ltd

12. TÜV SÜD PSB Pte Ltd

13. Zingrill Holdings Pte Ltd

Industry Projects1. Analysis of Activated Nuts for

Superlative Foods Pte Ltd

2. Development of a Cordycep Nutraceutical for LINK THM Sciences®

3. Development of a Nano-hair Dye Formulation for MASE International Marketing Services Pte Ltd

4. Development of Herbal Beverages for Pure Orient Global Ltd

5. Evaluating the Fate and Safety of a Fish Vaccine Composition Containing Nanomaterials for UVAxx Pte Ltd

6. Feasibility Study on Improvement in Physical and Sensory Properties of Coffee Through “Nano-sizing” for Suntory Beverage & Food Asia Pte Ltd

7. Sensory and Consumer Testing of Commercial Products for ABR Holdings Ltd

8. Shelf Life and Sensory Evaluation of Nut Butter for Hunters Bar Pte Ltd

9. Systematic Identification of Fish Pathogen for Rapid Vaccine Prototyping and Development of a Novel Vaccine Delivery System for UVAxx Pte Ltd

10. Verification of Shelf Life at Different Storage for Lim Kee Food Manufacturing Pte Ltd

SCL LECTURERS WIN AWARDS FOR INNOVATIVE FISH VACCINESSCL senior lecturers Dr Jeffrey Seng, Dr Saji George and Mr Christof Luda won two prestigious awards for developing effective autogenous fish vaccines and a novel nanotechnology-based vaccine delivery system. The project scooped up the “Most Innovative Project/Policy (Gold)” award at both the PS21 ExCEL Awards and MOE Innergy (Stat Board) Awards. Dr Seng also won the PS21 Innovation Champion (Silver) Award.

President Tony Tan Keng Yam speaking with Dr Seng (far left), Dr George (second from left) and Mr Luda (third from left) at the Istana on 20 October 2015Photo: The Straits Times © Singapore Press Holdings Limited. Permission required for reproduction


FOCUS ON INDUSTRY

SCHOOL OF DESIGN (SDN)

SDN students from all three diplomas

were involved in designing and creating

the sets for one zone at Halloween

Horror Nights 2015, which was held in

October 2015. Following this successful

work, SDN is again involved on the

2016 edition, with some students

continuing to work on the project as

interns. Work started in January 2016,

and this is one of the many integrated

projects involving SDN students from

more than one diploma course.

HALLOWEEN HORROR NIGHTS 2015 & 2016

SDN staff and students who worked on some of the sets for Halloween Horror Nights 2015, held at Resorts World Sentosa’s Universal Studios Singapore

A group of 13 SDN students, led by a lecturer, collaborated with the Urban

Redevelopment Authority and architectural firm Zarch to create an interactive

installation titled “Clockwork Stories” for i Light Marina Bay held in March 2016. Many

families with children flocked to the SDN team’s installation, as they could relate to the

traditional playground equipment. When used, the equipment produced bubbles that

reflected the ambient lights and colours. Featuring environmentally sustainable light art

installations, i Light Marina Bay attracted 740,000 visitors.

i LIGHT MARINA BAY 2016

Young visitors enjoying the SDN team’s bubble-making installation at i Light Marina Bay 2016


Key Initiatives &New Developments 1. Appointment by MOE as Sector

Coordinator for Design

2. Appointment by WDA as Programme Manager for Spatial Design

3. Appointment by WDA as Programme Manager for Visual Communication

4. Commencement of Operations at Block N1 Level 8

5. Commencement of Specialist Diploma in Design Strategy and Management

6. Launch of SkillsFuture Earn & Learn Programmes – Specialist Diploma in Spatial Design and Specialist Diploma in Visual Communication

MOUs (Industry)1. ONG&ONG Group

Industry Projects1. Design Proposals for

Greenlam Laminates

2. Graphics for the 16 Skytrains Plying the Changi Airport Terminals

3. Proposal to SATS for a Multipurpose Meal Tray

4. Worked on Office Interior Design, Corporate Identity and Mascot for Social Innovation Park Ltd

TURNING IDEAS INTO REALITYSDN has secured a generous sponsorship from

ONG&ONG, a global multidisciplinary design practice,

to support the development of concepts and ideas

into market-ready products. It will complement SDN’s

training process by exposing its students to the

development cycle of real commercial products. A

formal agreement was signed at the UNIT16 Graduation

Show on 10 March 2016. This is ONG&ONG’s first

collaboration with an educational institution.

SDN Director Mr Lee Youn Kay (left) and ONG&ONG’s Director of Learning & Development Mr Liang Lit How (centre) signed the agreement, witnessed by NYP Principal & CEO Ms Jeanne Liew (right)


FOCUS ON INDUSTRY

SCHOOL OF ENGINEERING (SEG)

SEG collaborated with GaNStar Pte

Ltd in setting up an innovation centre

for the development and production of

gallium nitride (GaN) on silicon-based

devices. It boasts a class 10 000

cleanroom housing a metal-organic

chemical vapour deposition (MOCVD)

and key characterisation equipment.

The collaboration is the first of its

kind in Singapore, integrating GaN

research outcomes from A*STAR’s

Institute of Materials Research and

Engineering (IMRE) with silicon wafer

processing technologies from Nanyang

Technological University.

NYP-GANSTAR INNOVATION CENTRE

NYP-GaNStar Innovation Centre


MOUs (Universities & Educational Institutions)1. National Institute of Technology,

Kisarazu College, Japan

2. National Institute of Technology, Kurume College, Japan

MOUs (Industry)1. American Biltrite Far East Inc.

2. B&R Automation Pte Ltd

3. Beca Asia Holdings Pte Ltd

4. Becton Dickinson Medical Products Pte Ltd

5. CIBA Vision Asian Manufacturing and Logistics Pte Ltd & Alcon Singapore Manufacturing Pte Ltd

6. Cyclect Electrical Engineering Pte Ltd

7. Delphi Automotive Systems Singapore Pte Ltd

8. Electronics & Engineering Pte Ltd

9. Ellipsiz DSS Pte Ltd

10. Festo Singapore Pte Ltd

11. Fluidigm Singapore Pte Ltd

12. Fluke South East Asia Pte Ltd

13. Hexogon Solution Pte Ltd

14. JEP Precision Engineering Pte Ltd

15. Keystone Cable (S) Pte Ltd

16. Litewell Engineering Pte Ltd

17. Lonza Biologics Tuas Pte Ltd (Joint MOU with SCL & SEG)

18. Makino Asia Pte Ltd

19. Meiden Singapore Pte Ltd

20. Microsoft (Smart Devices & IoT Solution)

21. Ministry of Defence

22. Ministry of Social and Family Development

23. Mitsubishi Electric Asia Pte Ltd

24. MVTec Software GmbH

25. Panasonic Factory Solutions Asia Pacific Pte Ltd

26. Power Automation Pte Ltd

27. PSA Corporation Ltd

28. PSB Technologies Pte Ltd

29. Razer (Asia-Pacific) Pte Ltd

30. Renewpowers Technologies Pte Ltd

31. Sanmina-SCI Systems Singapore Pte Ltd

32. SANWA Group of Companies

33. SBS Transit Ltd

34. Sembcorp Design and Construction Pte Ltd

35. Setsco Services Pte Ltd

36. SICK Product Center Asia Pte Ltd

37. Singapore Power Ltd

38. Singapore Safety Glass Pte Ltd

39. SKEV Motors Pte Ltd

40. SMRT Corporation Ltd

41. Sodick Co., Ltd

42. SP-Asia Pte Ltd

43. Symantec Asia Pacific Pte Ltd

44. System Technic Engineering Pte Ltd

45. Systems on Silicon Manufacturing Company Pte Ltd (SSMC)

46. TDS Technology (S) Pte Ltd

47. Terasaki Electric Co. (FE) Pte Ltd

48. Tuas Power Generation Pte Ltd

49. UG M&E Pte Ltd

50. Univac Precision Engineering Pte Ltd

51. VDL Enabling Technologies Group Singapore Pte Ltd

52. ViSenze Pte Ltd

53. Workforce Development Agency (Advanced Manufacturing)

54. Yokogawa Electric Asia Pte Ltd

55. YTL PowerSeraya Pte Limited

Industry Projects1. Additive Manufacturing of Cavity Conformal

Cooling Insert for Additive Mfg Pte Ltd

2. Additive Manufacturing of Conformal Cooling Insert using DMLS Process for Additive Mfg Pte Ltd

3. Air Quality Monitoring System for Innovation.Genius (IN.GENIUS) Pte Ltd

4. ALD Coating on 3D Polymer for IMRE

5. ALD Coating of TiO2 on 3D Polymer for IMRE

6. Automated Blister Inspection System for TNC Optics & Technologies Pte Ltd

7. Automated Socket Handling Station and WIP Tray Trolleys for Sanwa-Intec (Asia) Pte Ltd

8. Automatic Handover Control for Wireless Networking for Koobatra Pte Ltd

9. Automation of PODS Sensor Manufacturing System for Sanwa-Intec (Asia) Pte Ltd

10. Cable Car Command Centre Monitoring Software for CitiCall Communications Pte Ltd

11. Cash Top-up Kiosk System for Bev.Eat Pte Ltd

12. Cashless Donation Can for NETS Pte Ltd

13. Comparison and Correlation of Electroencephalography Signals for H.E.S. Pte Ltd

14. Compute-Efficient Algorithm for Statistical Analysis on an Embedded Platform for Sigenic Pte Ltd

15. Conformal Cooling Insert Using DMLS Process for Shimano (Singapore) Pte Ltd

16. Cranioplasty Implant Moulds and Skull Prototypes for Khoo Teck Puat Hospital

17. Design and Development of Tooling Insert for Dynacast Singapore Pte Ltd

18. Embedded Multimedia Platform for rodVENTURE

19. Growth Measurement Application Using Image Analytics Techniques for Abbott Manufacturing Singapore Pte Ltd

20. Interactive Device for Dementia Patients for Rocks App Solutions

21. Metal Oxide Nanofilm Coating for Energy Storage for National University of Singapore

22. Mobile App and Web Portal Development for Institute for Infocomm Research

23. Modular Light Ducting System for 3M Singapore

24. Network Protocol Plugins for Intel Industrial IoT Gateways for ADLINK Technology Singapore Pte Ltd

25. Omron Eye Catch Delta Robot Demon System for Omron Asia Pacific Pte Ltd

26. Plug-in Application for Mobile Communication for Citrine Solution Pte Ltd

27. Polymeric Material Characterisation Using UV-VIS-NIR, DSC and DMA for Essilor AMERA Pte Ltd

28. Proof-of-Concept Implementation of an OCR-based Power Meter Reading System for RFCOM Technologies Pte Ltd

29. Responsive Interfaces & Charting Modules for IEMS for Surbana Technologies Pte Ltd

30. Semiconductor Failure Analysis Using AFM for SSMC

31. Serial I/O Data Concentrator for Ascenz Solutions Pte Ltd

32. Smart Vending Machine Supporting Mobile Payment and Remote Inventory Control for STYL Solutions Pte Ltd

33. X-Wing Proof of Concept Wearable Electronics Prototype for AerSpace Pte Ltd

The NYP-Intel Open Innovation Lab

(pictured above) was launched on 10

July 2015. The result of a strategic

collaboration between the Polytechnic

and Intel, it seeks to make innovation

accessible and to drive innovation

development and training in the Internet

of Things and wearable solutions among

staff and students, as well as SMEs.

OPEN INNOVATION LAB WITH INTEL

ROBOTICS SYSTEM ENHANCES PRODUCTIVITY FOR FAGERDALA SINGAPOREIn June 2015, SEG unveiled a robotics system for the

flexible assembly of foam packaging materials that it

developed in partnership with Fagerdala Singapore

Pte Ltd. The system uses smart visual recognition

for identification and assembly, which allows the

consolidation of three workstations into a single

assembly line. The company, which specialises in

protective packaging solutions, has seen a fourfold

increase in production output since implementing the

system. This has enabled them to take on large-scale

orders, generate higher profits and strengthen their

overseas presence.

Overview of the Articulated Robotics System


FOCUS ON INDUSTRY

SCHOOL OF HEALTH SCIENCES (SHS)

NYP was one of six parties that

signed an MOU on 16 October 2015

to collaborate on the upskilling of

paramedics in Singapore. The other

institutions are Singapore Armed

Forces (SAF), Singapore Civil Defence

Force (SCDF), Institute of Technical

Education (ITE), SIM University

(UniSIM) and Justice Institute of

British Columbia (JIBC). As part of

the collaboration, NYP launched the

Diploma (Conversion) in Paramedicine

in May 2016 taught by experienced

trainers from SHS and the School of

Business Management.

ENHANCING PARAMEDIC TRAINING & EDUCATION IN SINGAPORE

Diploma (Conversion) in Paramedicine students presenting on the pathophysiology of asthma

The School of Health Sciences (Nursing) successfully collaborated with KYDZ International in March 2015 to develop the ALZ

Engage-Me-Cart, comprising 18 play items, to engage and stimulate cognitive function of individuals with dementia. The cart

retails for $950 with NYP receiving 30% of profits generated. The cart received much interest at its designated booth at iCreate

in August 2015.

ALZ ENGAGE-ME-CART


Key Initiatives &New Developments 1. Appointment of NYP as Sector

Coordinator for Healthcare in SkillsFuture Movement

2. Collaboration with Secondary Schools to Develop Education and Career Guidance Package

3. Creation of Site to Showcase SHS Innovation and Projects

4. Four New Teaching Clinic Sites for Occupational Therapy Students – Oasis Day Centre, Bukit Batok Day Centre, Hougang Care Centre, and Community Rehabilitation and Support Service (Pasir Ris)

MOUs (Universities &Educational Institutions)1. Fooyin University, Taiwan

2. Shanghai Trade Union Polytechnic, China

3. Tzu Chi University, Taiwan

MOUs (Industry)1. Orange Valley Healthcare Pte Ltd

2. SAF, SCDF, ITE, UniSIM and JIBC

Industry Projects1. Development of Basic Cardiac Life

Support Mobile App for Amdon Consulting Pte Ltd

2. Reminiscence Therapy, Pet Therapy and Garden Therapy Services for Orange Valley Nursing Home

3. Super Milk Can Holder for Tan Kah Kee Young Inventors’ Award 2015

CENTRE FOR ORAL HEALTH ANNOUNCEDSlated for completion in 2019, the Centre for Oral Health (COH) will be the

main centre in Singapore to offer subsidised dental care for Singaporeans.

Developed by National University Health System, COH will consolidate

clinical training for oral health therapy trainees, dentistry undergraduates

and postgraduates, and dental assistants. In addition, a designated area

– comprising 26 operatories, a waiting area, a tutorial room, a meeting

room and X-ray facilities – will be set aside for students undertaking NYP’s

Diploma in Dental Hygiene & Therapy course.

Guests admiring a model of the upcoming Centre for Oral Health

Thailand’s Princess Maha Chakri Sirindhorn (left) taking a photo of the Engage-Me-Cart at iCreate 2015


FOCUS ON INDUSTRY

SCHOOL OF INFORMATION TECHNOLOGY (SIT)

The National Healthcare Group Polyclinics worked with SIT students to give them

exposure to healthcare analytics such as data visualisation, graphs and reports,

while a project with StarHub focused on real-time, location-based, geospatial big

data analytics. To enhance human resource management processes for an SME,

an SIT team also used text analytics to improve the recruitment process.

WORKING WITH INDUSTRY ON BIG DATA ANALYTICS

Students will have opportunities to work on big data analytics with industry partners

NYP and Cloud Security Alliance APAC signed an MOU on 18 April 2015 that aims

to provide education and research in the area of cloud security. The School of

Information Technology received a grant from the National Research Foundation to

develop a system that ensures the security of data stored in the cloud.

MOU BOOSTS EDUCATION AND RESEARCH EFFORTS IN CLOUD SECURITY


MOUs (Industry)1. Cloud Security Alliance Asia

Pacific Ltd

2. Tridant Pte Ltd

Industry Projects1. Action Community for

Entrepreneurship (ACE) Portal for ACE

2. Analytics Tool for Behaviour Monitoring of Children with Autism for National Institute of Education

3. Android-based App for Ninja Track for Keio-NUS CUTE Center

4. Asian Culinary Institute (ACI) Web & Mobile Portal for ACI

5. Digital Patient Feedback for Khoo Teck Puat Hospital

6. Pocket OneMap for SLA

7. Healthcare Analytics for NHGP

8. HR Analytics for Organizational Analytics Pte Ltd

9. Knowledge Management and Sharing of Open Source Cyber Intelligence for MINDEF

10. Knowledge Management System for Profiling Malicious Ware for MINDEF

11. Patient Eczema Severity Time Mobile App for Hyphens Pharma Pte Ltd

12. Portfolio Performance Measurement Phase 2 for ST Asset Management Ltd

13. Smart Office Analytics System for S3 Innovate Pte Ltd

14. Statistical Arbitrage System for Wealth Science Ltd

DEVELOPING MOBILE APPS FOR INDUSTRYIn FY2015, SIT worked with several industry partners such as Singapore Land Authority (SLA), Asian Culinary Institute (ACI) and Home-Fix, to create useful mobile applications. Examples include Pocket OneMap for SLA, which won Most Innovative Project (Gold) at the MOE Innergy Awards 2015, and the NYP Alumni e-Card app developed as part of NYP’s Smart Campus initiative.

Industry mobile apps developed by NYP students

Students engaged in exploring cloud security applications


FOCUS ON INDUSTRY

SCHOOL OF INTERACTIVE & DIGITAL MEDIA (SIDM) O T H E R C O L L A B O R AT I O N S

Key Initiatives &New Developments 1. NYP-WACOM Digital Art

Experience Lab

2. Singapore Games Creation Competition as Part of The National Infocomm Competition for Infocomm Development Authority of Singapore

3. Structured Internship Programme (SIP) at Kajanni University of Applied Sciences, Finland

4. SIP at Gumi Asia Pte Ltd

5. SIP at K1ND ASIA Ogilvy & Mather (S) Pte Ltd

6. SIP at Mediacorp Pte Ltd

7. SIP at Robot Playground Media Pte Ltd

8. SIP at Scrawl Studios Pte Ltd

9. Student Exchange at Hoseo University, South Korea

MOUs (Universities &Educational Institutions)1. Hoseo University, South Korea

2. Kajanni University of Applied Sciences, Finland

MOUs (Industry)1. Ayer Rajah Constituency Office

2. Gumi Asia Pte Ltd

3. Infocomm Development Authority of Singapore

4. K1ND ASIA Ogilvy & Mather (S) Pte Ltd

5. Mediacorp Pte Ltd

6. Robot Playground Media Pte Ltd

7. Scrawl Studios Pte Ltd

8. Wacom Singapore Pte Ltd

Industry Projects1. Anti-Drug Mobile Game “Aversion”

for Central Narcotics Bureau

2. Branding and Awareness Campaign for Kranji Countryside Association

3. Chapter 6 “ONWARDS” Motion Graphic Production for National Day Parade 2015

4. “Got to Move” Interactive Dance Booth Interaction and Gamification Design for National Arts Council

5. House of Fortune Drama Series for Mediacorp Pte Ltd

6. Interactive and Digital Media Exhibitions at the National Library Board

7. Little Wayang Boy Animation for Brainchild Pictures Pte Ltd

8. Philatelic History Exhibition Interaction Design for Singapore Philatelic Museum

9. Preventing Major Amputations in Diabetic Patients Animation for The Good Life™

10. Sealed With A Kiss Drama Series for Mediacorp Pte Ltd

11. The Journey 3: Our Homeland Drama Series for Mediacorp Pte Ltd

12. Trailer for the Book Speaking of Children for Singapore Children’s Society

13. “Unveiled Beauty” for i Light Marina Bay 2016

14. “VendArt, The Art Vending Machine” for “The Future of Us” Exhibition

A new partnership established in

February 2016 between NYP and

international automotive supplier

and technology company

Continental Automotive has

opened new doors for students

from SIDM. They will be able

to embark on Continental’s

global innovation programme,

“Trend Antenna”, to explore

ideas for the future of mobility.

The programme encourages

students to conceptualise and

develop ideas to enhance user

experience for future vehicles.

SIDM STUDENTS FIRST IN SOUTHEAST ASIA TO WORK ON IDEAS FOR CONTINENTAL

Mr Ralf Lenninger, SVP, Interior Electronics Solutions, Continental Automotive GmbH, and Mr Edward Ho, NYP’s Deputy Principal (Development), inked the MOU on 29 February 2016

A group of 20 SIDM students will

produce digital content for 52 episodes

of Jungle Beat, an animated series by

Infinite Studios that will be broadcast in

180 territories around the world. NYP

and Infinite Studios will work closely to

develop enhanced contextual learning

environments for the students to apply

the skills they have learnt on an actual

animation production.

STUDENT-CREATED CONTENT TO FEATURE IN NEW INTERNATIONAL PRODUCTION

NYP and Infinite Studios signed a new MOU on 6 January 2016 to collaborate on Jungle Beat

NYP AND UBISOFT LAUNCH GAME DEVELOPMENT INTERNSHIP PROGRAMMENYP signed an MOU with Ubisoft Singapore Pte Ltd on 23 October 2015 to provide highly relevant game development training and collaborative mentorships to SIDM students. Under NYP’s Structured Internship Programme (SIP), final year students will be placed in a real-life production environment at Ubisoft. Selected students may also be hired under the SkillsFuture Earn and Learn Programme and be able to embark on a Specialist Diploma course.

Ubisoft Singapore Managing Director Mr Olivier de Rotalier and Ms Jeanne Liew, NYP Principal & CEO, formalised the partnership for the SIP


LIFELONG LEARNING

T he College of Lifelong Learning (CLL) comprises the Academy of Lifelong Learning & Skills, the Singapore Institute of Retail Studies and the

Asian Culinary Institute Singapore. The three entities support the government’s SkillsFuture initiatives by offering industry-relevant and quality programmes for adult learners to engage in lifelong learning.

Academy of Lifelong Learning & SkillsThe Academy of Lifelong Learning & Skills (ALLS) offers a range of full-time and part-time courses for adult learners in key areas, from full diplomas to customised programmes. New courses were introduced and changes to existing programmes

Introduced in October 2015, the new Specialist Diploma in Design Strategy course is geared toward participants who already possess a good understanding of areas like manpower management and financial management, project planning and management, budgeting and client interaction. The course enables them to widen their job capabilities and work portfolio, take on management functions and operate a design business effectively to increase productivity.

With the rapid expansion of Singapore’s sport industry, it was timely that NYP introduced the Specialist Diploma in Sport Management & Marketing course in February 2016. Participants will gain in-depth understanding of the sport industry, the nature of sport as a business, and the global and regional opportunities sport can offer Singapore.

NEW SHORT COURSESNYP conducted some 20 short courses in engineering, life sciences, information technology, allied health sciences, design and business. Some courses targeted the general public, while others were customised for companies such as MOE, ST Electronics, GlaxoSmithKline Singapore, SIA Engineering Company, Johns Hopkins Singapore and Splunk Inc.

BELOW: Participants of the ELP Specialist Diploma in Information Systems Development

were made in FY2015 to meet new demands.

EARN AND LEARN PROGRAMMES (ELPs)ELPs aim to give fresh polytechnic and ITE graduates a head start in their careers. They are matched with suitable employers who will provide them with structured on-the-job training and mentorship support. While employed, they will also study for industry-recognised qualifications. Employees of participating companies and employers who sign up for ELPs will receive substantial support from the government.

In FY2015, NYP launched five ELPs, including the Specialist Diploma Programmes in Games

Development (Design) and in Information Systems Design & Development.

ELP Specialist Diploma in Games DevelopmentNYP was appointed by the Workforce Development Agency (WDA) as programme manager for the SkillsFuture Earn and Learn Programme for Media (Games Development and Animation, Motion Graphics and Visual Effects). The inaugural ELP in Games Development was launched in October 2015 in partnership with six companies, namely Gumi Asia, ST Electronics (Training & Simulation Systems), Business Connectivity, Awecent International, Neeuro and Red Hare Studios.

ELP Specialist Diploma in Information Systems DevelopmentThe inaugural run of this ELP commenced in August 2015, with participants placed in three companies – Accenture, Innova InfoTech and Nebulas Tree. This is the first ELP on software development to be offered for the information and communication technology (ICT) sector. Some participants attained the Post-Diploma Certificate in Advanced Software Development Practices, the facilitated learning component of the ELP.

MODULARISATION OF CET COURSES NYP introduced 18 modular courses drawn from existing part-time qualifications programmes to provide a more flexible and bite-sized learning option for working professionals. By undergoing targeted, just-in-time training, they will be able to stay responsive to a changing workplace.

The 18 modules will cover topics such as visual effects, counselling, mobile computing, and energy and environmental management for the process industry. Individuals can customise a learning pathway that best suits their needs by applying for skills-based modular courses, instead of committing to a fixed programme of study at the outset. Credits gained from such courses can be used to help them gain a full qualification within the validity period.

NEW CET PROGRAMMESTwo new Ministry of Education (MOE)-funded academic continuing education and training (CET) courses – Specialist Diploma in Design Strategy & Management and Specialist Diploma in Sport Management & Marketing – were launched in FY2015.


LIFELONG LEARNING

Asian Culinary InstituteAs an anchor CET partner for the F&B servicesindustry, Asian Culinary Institute (ACI) Singaporeprovides training in Asian cuisines and professional development opportunities for aspiring and existing local chefs. The ACI also engages in R&D to support innovation and productivity enhancement. In FY2015, ACI established a series of new partnerships, signing memoranda of understanding (MOUs) withRestaurant Association of Singapore (RAS), IndianRestaurants Association (Singapore) and Japan FoodTown Development.

RAS and ACI joined hands to attract and support new entrants into the F&B industry, collaborating to upgrade existing staff capabilities through training and attachment programmes. The two organisations signed an MOU on 26 August 2015 at the Star Chef Competition, which was established as a platform forlocal professional and aspiring chefs to showcase theirculinary skills and innovations.

A new partnership between ACI and Indian RestaurantsAssociation (Singapore) seeks to develop and deliverstructured Indian cuisine training programmes to buildthe necessary skills for local chefs to progress in theircareers. It also helps to attract and retain local talent.Through this collaboration, all parties aim to worktogether on the lean use of manpower, enhancing skillsand competencies, and building a stronger Singaporeancore in the Indian F&B sector.

ACI partnered the Japan Food Town Developmentto develop a Japanese cuisine curriculum for itsprogrammes and provide best-in-class training forSingapore-based chefs. As part of the collaboration,Japan Food Town Development flew Chef ShinichiNanmoku in from Japan to conduct train-the-trainerprogrammes from 5 to 15 January 2016 for NYP-ACIchefs and industry chefs under a masterclass initiative.Japan Food Town Development is a joint venturebetween the Japan Association of Overseas Promotionfor Food & Restaurants and the Cool Japan Fund.

ABOVE: Master chef Nanmoku (far left) imparts skills and shares tips with Singapore-based chefs at ACI LEFT: Deputy Prime Minister Tharman Shanmugaratnam tries his hand at making jalebi in the ACI Demo Kitchen during the MOU signing between ACI and Indian Restaurants Association (Singapore)

RIGHT: Participants at the Star Chef Competition


LIFELONG LEARNING

Singapore Institute of Retail StudiesEstablished in January 2006, the Singapore Institute of Retail Studies (SIRS) aims to enhance the skills profile of and professionalism in the retail industry, and constantly adds to its lineup of skills-upgrading programmes and services for the industry. Highlights of its developments in FY2015 are as follows.

In FY2015, SIRS commenced its first run of ELPs – the Specialist Diploma in Retail Management and the Advanced Certificate in Retail Supervision. Employees of the Robinson Group, Charles & Keith and Isetan, three companies that participated in the ELP, are undergoing an 18-month programme of working and learning concurrently.

Another highlight is the launch of the Workforce Skills Qualifications (WSQ) Supervise Retail Staff (Mentorship Development) programme. In conjunction with the

RIGHT: Guest of honour Mr Ong Ye Kung, Acting Minister for Education (Higher Education and Skills), addresses the audience at the SIRS Industry Practitioner Seminar

ABOVE: Speakers and participants at the SIRS Industry Practitioner Seminar

LEFT: NYP’s Principal & CEO Ms Jeanne Liew addressing the seminar participants

SkillsFuture ELP for the retail industry, SIRS developed a mentorship programme to equip individuals with the necessary skills and knowledge to become an effective corporate mentor. Participants from Charles & Keith, the Robinson Group and Isetan have enrolled in this programme. SIRS held its annual Industry Practitioner Seminar (IPS) at Singapore Marriott Tang Plaza Hotel on 26 January 2016. Themed “Retail Transformation: Business Innovation & Skill Mastery”, it was an opportunity to update retailers on new developments in the retail landscape. This year’s seminar also dovetailed the national SkillsFuture agenda, hosting a SkillsFuture MOU signing ceremony for the retail sector. The audience at this year’s seminar also witnessed the signing of 16 MOUs, five of which aim to boost talent development by integrating the Enhanced Internship scheme with ELP.

S K I L L S F U T U R E D E V E L O P M E N T

SkillsFuture is a national movement to promote and encourage skills deepening and mastery to enable all Singaporeans to develop their potential to the fullest throughout life. At the national level, it aims to foster a culture that supports and celebrates lifelong learning. The College of Lifelong Learning launched a range of new SkillsFuture programmes and initiatives in FY2015 in support of this national movement. NYP also conducted a total of 860 CET course runs and delivered 26,116 training places. These included 77 course runs that led to polytechnic qualifications, 89 short courses and 23 seminars, as well as 671 WSQ courses under ALLS, SIRS and ACI.

77

23

89

671

CET courses

860FORMAL-AWARD

COURSES

SHORT COURSES

SEMINARS WSQ COURSES


NYP EDUCATION FUND

ABOVE:School of Interactive & Digital Media graduate Jerome Yap Xuan Rui receives the inaugural Lee Hsien Loong Award from then Minister of Education, Heng Swee Keat

T he Nanyang Polytechnic (NYP) Education Fund was set up in 2003 to meet the needs of the Polytechnic. The Fund is managed by

a management committee appointed by the Board of Governors of NYP and seeks to ensure that the usage of donations given by generous sponsors is aligned with the objectives of the Fund. In March 2016, the Fund was granted a renewal of its status as an Institute of Public Character (IPC) by the Commissioner of Charities of Singapore.

ObjectivesThe objectives of the NYP Education Fund are to:(a) provide financial assistance to needy and

deserving students;(b) recognise the achievements of outstanding

Polytechnic students and graduates;(c) support student development and

enrichment programmes;(d) support research and development programmes;(e) support staff and capability development

programmes so as to keep abreast of changing technologies in industry and commerce;

(f) support NYP campus development programmes;(g) provide education and training facilities and

equipment; and(h) promote NYP as an institution of distinction for

polytechnic education in Singapore

Financial Status The Fund stood at $19.55m in 2015, and it continues to grow as more activities are organised to raise funds.

Funding SourcesThe Fund continually receives donations and generous support from individuals, organisations and foundations. In 2015, Ngee Ann Kongsi donated $1m as a third tranche for the Ngee Ann Kongsi Scholarship & Bursary Awards. The S R Nathan

MEETING NEEDS, IMPACTING LIVES

Education Upliftment Fund donated $132,000 to support the Bursary Awards, and Mr Lee Hsien Loong donated $100,000 to support the development of talents from the School of Interactive & Digital Media.

MAJOR GIFT DONORS ($100,000 & ABOVE)

1 Ngee Ann Kongsi

2 S R Nathan Education Upliftment Fund

3 Mr Lee Hsien Loong

NYP Education FundIPC Registration No.: IPC000540UEN: T08CC3008ECharity Registration Date: 1 April 2003 Registered Address: 180 Ang Mo Kio Avenue 8, Singapore 560839


NYP EDUCATION FUND

CORPORATE SPONSORS FOR NYP INDUSTRY SCHOLARSHIPS

1 ABR Holdings Ltd

2 Animagine Pte Ltd

3 Cheers Holdings (2004) Pte Ltd

4 Covance (Asia) Pte Ltd

5 Dorf Ketal Chemicals Pte Ltd

6 Hokkaido Artists’ Network & Development Incorporated (h.a.n.d.)

7 Investment Management Association of Singapore

8 Mediacorp Pte Ltd

9 Mediacorp TV Singapore Pte Ltd

10 Moove Media Pte Ltd

11 National Instruments Pte Ltd

12 Ogilvy & Mather (S) Pte Ltd

13 RLC Group (Singapore) Pte Ltd

14 Roche Singapore Technical Operations Pte Ltd

15 ST Electronics (Info-Comm Systems) Pte Ltd

16 StarHub Ltd

DONORS FOR SCHOLARSHIPS, BURSARIES & AWARDS ($25,000 to $99,999)

1 Agency for Science, Technology and Research (A*STAR)

2 Centre for Strategic Infocomm Technologies

3 Kuok Foundation

4 National Youth Council

5 NTUC Income Insurance Co-operative Ltd

6 SymAsia Singapore Fund

The NYP Industry Scholarships continued to be supported by corporate sponsors.

ActivitiesA total of 3,689 scholarships, bursaries and subsidies were awarded in 2015, totalling $3.09m.

PoliciesThe Reserves Policy was established to safeguard the Fund’s stability and is pegged at not more than one year of disbursements. In the policy regarding the Conflict of Interest Disclosure, the approach is to avoid situations that may cause any potential conflict of interest. In general, all staff are required to declare any close relationships with students in any selection of student awards. Procurement practices also require staff to declare non-vested interest before selecting vendors.

Full details of the Fund’s financial standing and policies can be found in the NYP Financial Report or on the NYP website.

LEFT:NYP student Valery Seng Jie Wei (right) receives the NYP-MediacorpScholarship from NYP’s Principal & CEO Ms Jeanne Liew (left)

Management Committee

Chairman Ms Jeanne Liew Principal & CEO, NYP

Deputy Chairman Mr Sng Chern Wei Member, Board of Governors, NYP Director, Curriculum Planning & Development Division 1, Ministry of Education

Treasurer Ms Su Kally Director, Finance, NYP

Members Mr Chan Yew Meng Deputy Principal (Academic), NYP

Mr Thambyrajah T Registrar, NYP


NANYANG POLYTECHNIC AND ITS SUBSIDIARIES

In the opinion of the Board of Governors, the accompanying financial statements set out on pages 66 to 112 of Nanyang Polytechnic (the “Polytechnic”) and its subsidiaries (collectively the “Group”) are drawn up so as to present fairly, in all material respects, the financial position of the Group and Polytechnic as at 31 March 2016, and of the statements of profit or loss and other comprehensive income and changes in equity of the Group and Polytechnic and cash flows of the Group for the year then ended in accordance with the provisions of the Nanyang Polytechnic Act, Chapter 191A (the “Act”), the Singapore Charities Act, Chapter 37 (the “Charities Act”) and Statutory Board Financial Reporting Standards.

ON BEHALF OF THE BOARD OF GOVERNORS

........................….…......................Tan Tong HaiChairman

........................….…......................Jeanne LiewPrincipal & CEO

27 June 2016

STATEMENT BY THE BOARD OF GOVERNORSREPORT AND FINANCIAL STATEMENTS

CONTENTS

Statement by the Board of Governors 63

Independent auditors’ report 64 – 65

Statements of financial position 66

Statements of profit or loss and other comprehensive income 67 – 68

Statements of changes in equity 69

Consolidated statement of cash flows 70 – 71

Notes to the financial statements 72 – 112

FOR THE YEAR ENDED 31 MARCH 2016



INDEPENDENT AUDITORS’ REPORT TO THE BOARD OF GOVERNORS OF NANYANG POLYTECHNIC (CONT’D)

Report on Other Legal and Regulatory Requirements

Management’s Responsibility for Compliance with Legal and Regulatory RequirementsManagement is responsible for ensuring that the receipts, expenditure, investment of moneys and the acquisition and disposal of assets, are in accordance with the provisions of the Act. This responsibility includes implementing accounting and internal controls as management determines are necessary to enable compliance with the provisions of the Act.

Auditor’s ResponsibilityOur responsibility is to express an opinion on management’s compliance based on our audit of the financial statements. We conducted our audit in accordance with Singapore Standards on Auditing. We planned and performed the compliance audit to obtain reasonable assurance about whether the receipts, expenditure, investment of moneys and the acquisition and disposal of assets, are in accordance with the provisions of the Act.

Our compliance audit includes obtaining an understanding of the internal control relevant to the receipts, expenditure, investment of moneys and the acquisition and disposal of assets; and assessing the risks of material misstatement of the financial statements from non-compliance, if any, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Because of the inherent limitations in any accounting and internal control system, non-compliances may nevertheless occur and not be detected.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on management’s compliance. OpinionIn our opinion:

(a) the receipts, expenditure, investment of moneys and the acquisition and disposal of assets by the Polytechnic during the year are, in all material respects, in accordance with the provisions of the Act; and

(b) proper accounting and other records have been kept, including records of all assets of the Polytechnic and of the subsidiaries incorporated in Singapore of which we are the auditors whether purchased, donated or otherwise.

During the course of our audit, nothing has come to our notice that caused us to believe that during the year, in relation to the Nanyang Polytechnic Education Fund (the “Fund”):

(a) the use of donation moneys was not in accordance with the objectives of the Polytechnic as required under regulation 16 of the Charities (Institutions of a Public Character) Regulations; and

(b) the Polytechnic has not complied with the requirements of regulation 15 (Fund-raising expenses) of the Charities (Institutions of a Public Character) Regulations.

There was no fund raising appeal conducted by the Fund during the year ended 31 March 2016.

Public Accountants and Chartered Accountants Singapore

27 June 2016

INDEPENDENT AUDITORS’ REPORT TO THE BOARD OF GOVERNORS OF NANYANG POLYTECHNIC

Report on the Financial StatementsWe have audited the accompanying financial statements of Nanyang Polytechnic (the “Polytechnic”) and its subsidiaries collectively (the “Group”), which comprise the consolidated statement of financial position of the Group and statement of financial position of the Polytechnic as at 31 March 2016, and the statements of profit or loss and other comprehensive income and statements of changes in equity of the Group and the Polytechnic and the consolidated statement of cash flows of the Group for the year then ended, and a summary of significant accounting policies and other explanatory information, as set out on pages 66 to 112.

Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation and fair presentation of these financial statements in accordance with the provisions of the Nanyang Polytechnic Act, Chapter 191A (the “Act”), the Singapore Charities Act, Chapter 37 (the “Charities Act”) and Statutory Board Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Singapore Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

OpinionIn our opinion, the consolidated financial statements of the Group and the statement of financial position, statement of profit or loss and other comprehensive income and statement of changes in equity of the Polytechnic are properly drawn up in accordance with the provisions of the Act, the Charities Act and Statutory Board Financial Reporting Standards so as to present fairly, in all material respects, the financial position of the Group and the Polytechnic as at 31 March 2016 and the financial performance, changes in equity and cash flows of the Group and the financial performance and changes in equity of the Polytechnic, for the year ended on that date.



STATEMENTS OF FINANCIAL POSITION As at 31 March 2016

Group PolytechnicNote 2016 2015 2016 2015

$’000 $’000 $’000 $’000

Capital account 3 6,839 6,839 6,839 6,839

Accumulated surplusGeneral Fund 296,714 278,087 286,758 268,338Restricted Funds 4 124,274 122,153 119,504 117,676

Nanyang Polytechnic Education Fund 4 18,395 17,465 18,395 17,465Total capital and other funds 446,222 424,544 431,496 410,318

Represented by:

Non-current assetsProperty, plant and equipment 5 523,459 530,878 523,420 530,856Subsidiaries 6 - - 1,100 1,100Investment securities 7 201,982 196,622 197,753 192,403Deferred tax assets 8 12 24 - -

725,453 727,524 722,273 724,359

Current assetsSundry receivables, deposits and prepayments 9 12,946 9,816 12,456 10,011Courses/projects-in-progress 18 99 18 99Cash and cash equivalents 10 287,259 258,549 276,080 246,864Grants due from government 11 24,652 25,036 24,652 25,036

324,875 293,500 313,206 282,010

Current liabilitiesSundry creditors and accruals 12 44,786 34,192 44,606 33,831Income received in advance 19 5,867 7,091 5,925 7,046Grants received in advance 13 11,833 5,812 11,833 5,812Provision for taxation 1 23 - -

62,487 47,118 62,364 46,689

Net current assets 262,388 246,382 250,842 235,321

Non-current liabilitiesDeferred capital grants 14 522,796 529,082 522,796 529,082Income received in advance 19 18,823 20,280 18,823 20,280

541,619 549,362 541,619 549,362

Net assets 446,222 424,544 431,496 410,318

Funds’ net assets managed on behalf of others 15 13,135 13,370 13,135 13,370

The accompanying notes form an integral part of these financial statements.

General Fund Restricted Funds TotalNote 2016 2015 2016 2015 2016 2015

$’000 $’000 $’000 $’000 $’000 $’000Group

IncomeStudent fees 53,900 53,855 - - 53,900 53,855Income from projects/ courses/donations 4 - - 35,476 28,601 35,476 28,601Other income 16 7,776 10,920 2,476 5,989 10,252 16,909

61,676 64,775 37,952 34,590 99,628 99,365

ExpenditureSalaries and allowances 219,117 212,836 15,951 13,506 235,068 226,342Staff development and benefits 4,223 4,083 576 567 4,799 4,650

Teaching expenses 14,758 12,210 2,866 2,334 17,624 14,544 Repair, maintenance and utilities 19,592 17,447 1,642 1,645 21,234 19,092Property, plant and equipment written off 39 159 1 - 40 159Depreciation of property, plant and equipment 5 33,241 29,369 2,493 2,368 35,734 31,737Other expenses 18,061 17,060 15,115 10,510 33,176 27,570

309,031 293,164 38,644 30,930 347,675 324,094

(Deficit) Surplus before grants 17 (247,355) (228,389) (692) 3,660 (248,047) (224,729)

GrantsGrants utilised 237,751 231,214 338 152 238,089 231,366Deferred capital grants amortised 28,231 25,702 2,482 2,360 30,713 28,062

265,982 256,916 2,820 2,512 268,802 259,428

Surplus after grants 18,627 28,527 2,128 6,172 20,755 34,699Income tax expense 18 - - (7) (20) (7) (120)

Surplus for the year 18,627 28,527 2,121 6,052 20,748 34,579Other comprehensive income for the year - - - - - -

Total comprehensive income for the year 18,627 28,527 2,121 6,052 20,748 34,579

STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFor the year ended 31 March 2016



STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (cont’d) For the year ended 31 March 2016

General Fund Restricted Funds TotalNote 2016 2015 2016 2015 2016 2015

$’000 $’000 $’000 $’000 $’000 $’000Polytechnic

IncomeStudent fees 53,900 53,855 - - 53,900 53,855Income from projects/ courses/donations 4 - - 32,676 26,193 32,676 26,193Other income 16 8,245 11,158 1,560 4,997 9,805 16,155

62,145 65,013 34,236 31,190 96,381 96,203

ExpenditureSalaries and allowances 218,894 212,658 13,283 10,541 232,177 223,199Staff development and benefits 4,223 4,083 566 543 4,789 4,626Teaching expenses 14,758 12,210 2,843 2,313 17,601 14,523Repair, maintenance and utilities 19,541 17,408 1,564 1,573 21,105 18,981Property, plant and equipment written off 39 159 1 - 40 159Depreciation of property, plant and equipment 5 33,241 29,369 2,481 2,360 35,722 31,729Other expenses 19,011 18,383 14,490 9,878 33,501 28,261

309,707 294,270 35,228 27,208 344,935 321,478

(Deficit) Surplus before grants 17 (247,562) (229,257) (992) 3,982 (248,554) (225,275)

GrantsGrants utilised 237,751 231,214 338 152 238,089 231,366Deferred capital grants amortised 28,231 25,702 2,482 2,360 30,713 28,062

265,982 256,916 2,820 2,512 268,802 259,428

Surplus after grants 18,420 27,659 1,828 6,494 20,248 34,153Income tax expense 18 - - - - - -

Surplus for the year 18,420 27,659 1,828 6,494 20,248 34,153Other comprehensive income for the year - - - - - -

Total comprehensive income for the year 18,420 27,659 1,828 6,494 20,248 34,153

The accompanying notes form an integral part of these financial statements. The accompanying notes form an integral part of these financial statements.

Capital account

General Fund

Restricted Funds

Nanyang Polytechnic

Education Fund Total

$’000 $’000 $’000 $’000 $’000

Group

At 1 April 2014 6,839 249,560 116,101 9,704 382,204

Surplus for the year, representing total comprehensive income for the year - 28,527 6,052 - 34,579Donations received - - - 7,761 7,761At 31 March 2015 6,839 278,087 122,153 17,465 424,544

Surplus for the year, representing total comprehensive income for the year - 18,627 2,121 - 20,748Donations received - - - 930 930At 31 March 2016 6,839 296,714 124,274 18,395 446,222

Polytechnic

At 1 April 2014 6,839 240,679 111,182 9,704 368,404

Surplus for the year, representing total comprehensive income for the year - 27,659 6,494 - 34,153Donations received - - - 7,761 7,761At 31 March 2015 6,839 268,338 117,676 17,465 410,318

Surplus for the year, representing total comprehensive income for the year - 18,420 1,828 - 20,248Donations received - - - 930 930At 31 March 2016 6,839 286,758 119,504 18,395 431,496

STATEMENTS OF CHANGES IN EQUITYFor the year ended 31 March 2016



CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended 31 March 2016

Note 2016 2015$’000 $’000

Operating activities Deficit before grants (248,047) (224,729) Adjustments for: Interest income (3,411) (2,144) Reversal of allowance for doubtful debt - (84) Fair value adjustment on financial assets at fair value through profit or loss 163 (7,945) Depreciation of property plant and equipment 5 35,734 31,737 Gain on disposal of property, plant and equipment (73) (38) Non-government fund utilised - 2

Deficit before working capital changes (215,634) (203,201) Changes in working capital: Sundry receivables, deposits and prepayments (2,097) (339) Courses/projects-in-progress 81 17 Sundry creditors and accruals 10,164 (7,116) Income received in advance 2,087 10,353 Cash flows used in operations (205,399) (200,286)

Income taxes paid (17) (378)Cash flows used in operating activities (205,416) (200,664)

Investing activities Interest received 2,378 1,788 Proceeds from financial assets at fair value through profit or loss - 2,000 Proceeds from disposal of property, plant and equipment 113 197 Purchase of property, plant and equipment 5 (27,864) (64,572) Purchase of held-to-maturity financial assets (5,523) (2,033)Cash flows used in investing activities (30,896) (62,620)

Note 2016 2015$’000 $’000

Financing activities Operating grants received from government 240,616 239,445 Development grants received from government 3,852 33,037 Other grants received 19,624 5,315 Donations received for Nanyang Polytechnic Education Fund 930 7,761Cash flows from financing activities 265,022 285,558

Net increase in cash and cash equivalents 28,710 22,274 Cash and cash equivalents at beginning of the year 258,549 236,275Cash and cash equivalents (including cash managed by Accountant-General’s Department) at end of the year 10 287,259 258,549

The accompanying notes form an integral part of these financial statements.

CONSOLIDATED STATEMENT OF CASH FLOWS (cont’d) For the year ended 31 March 2016



NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2016

These notes form an integral part of the financial statements.

The financial statements were authorised for issue by the Board of Governors on 27 June 2016.

1. DOMICILE AND ACTIVITIES

Nanyang Polytechnic (the “Polytechnic”) was established on 1 April 1992 under the Nanyang Polytechnic Act, Chapter 191A. It is domiciled in Singapore and its campus is situated at 180 Ang Mo Kio Ave 8, Singapore 569830.

The principal activities of the Polytechnic are those relating to the provision of quality education, training and research in commerce, engineering, health sciences, information technology, design, and chemical and life sciences. The principal activities of the subsidiaries are set out in Note 6.

The Polytechnic also acts as the administrator or trustee for the Staff and Student Loans and Opportunity Fund for the Ministry of Education and notebook loans for the Singapore Totalisator Board.

The consolidated financial statements relate to the Polytechnic and its subsidiaries (referred to as the “Group”).

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.1 Basis of preparation

The financial statements have been prepared in accordance with the applicable requirements of the Nanyang Polytechnic Act, Chapter 191A and Statutory Board Financial Reporting Standards (“SB-FRS”). SB-FRS include Statutory Board Financial Reporting Standards, Interpretations of SB-FRS (“INT SB-FRS”) and SB-FRS Guidance Notes as promulgated by the Accountant-General.

The financial statements have been prepared on the historical cost basis except for certain financial assets and financial liabilities which are measured at fair value.

Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d)

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation technique. In estimating the fair value of an asset or a liability, the Group takes into account the characteristics of the asset or liability which market participants would take into account when pricing the asset or liability at the measurement date. Fair value for measurement and/or disclosure purposes in these consolidated financial statements is determined on such a basis, except measurements that have some similarities to fair value but are not fair value (e.g. value in use for impairment assessment purposes).

In addition, for financial reporting purposes, fair value measurements are categorised into Level 1, 2 or 3 based on the degree to which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows:

• Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date;

• Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly; and

• Level 3 inputs are unobservable inputs for the asset or liability.

The financial statements are presented in Singapore Dollars, which is the Polytechnic’s functional currency. All financial information presented in Singapore Dollars has been rounded to the nearest thousand, unless otherwise stated.

On 1 April 2015, the Group adopted all the new and revised SB-FRS and INT SB-FRS that are effective from that date and are relevant to its operations. The adoption of these new/revised SB-FRS and INT SB-FRS does not result in changes to the Group’s accounting policies and has no material effect on the amounts reported for the current or prior years.

At the date of authorisation of the financial statements, the following new/revised SB-FRS, INT SB-FRS and amendments to SB-FRS that are relevant to the Group were issued but not yet effective.

• SB-FRS 1001 Accounting and disclosure for non-exchange revenue

SB-FRS 1001 will take effect from financial years beginning on or after 1 January 2017. The Group is currently evaluating the impact of the changes in the period of initial adoption.





2.2 Significant accounting judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of income, expenses, assets and liabilities, and the disclosure of contingent liabilities at the reporting date. However, uncertainty about these assumptions and estimates could result in outcomes that could require a material adjustment to the carrying amount of the asset or liability affected in the future.

Judgements made in applying accounting policies

Management is of the opinion that any instances of application of judgments are not expected to have a significant effect on the amounts recognised in the financial statements other than those involving estimation (see below).

Key sources of estimation uncertainty

Management is of the opinion that there are no key sources of estimation uncertainty at the end of the reporting period that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year, except as follows:

(a) Useful lives of property, plant and equipment

The cost of plant and equipment is depreciated on a straight-line basis over the plant and equipment’s estimated economic useful lives. Management estimates the useful lives of these plant and equipment to be within 3 to 50 years. The carrying amount of the Group’s plant and equipment at the end of the reporting period is disclosed in Note 5 to the financial statements.

(b) Impairment of non-financial assets

The Group assesses whether there are any indicators of impairment for all non-financial assets at each reporting date. Non-financial assets are tested for impairment when there are indicators that the carrying amounts may not be recoverable.

When value in use calculations are undertaken, management must estimate the expected future cash flows from the asset or cash-generating unit and choose a suitable discount rate in order to calculate the present value of those cash flows.

Management has assessed that there are no indicators of impairment for non-financial assets.




(c) Impairment of loans and receivables

The Group assesses at the end of each reporting period whether there is any objective evidence that a financial asset is impaired. To determine whether there is objective evidence of impairment, the Group considers factors such as the probability of insolvency or significant financial difficulties of the debtor and default or significant delay in payments.

Where there is objective evidence of impairment, the amount and timing of future cash flows are estimated based on historical loss experience for assets with similar credit risk characteristics. Loans and receivables are disclosed in Note 9.

2.3 Consolidation

The consolidated financial statements incorporate the financial statements of the Polytechnic and entities controlled by the Polytechnic (its subsidiaries). Control is achieved where the Polytechnic:

• Has power over the investee; • Is exposed, or has rights, to variable returns from its involvement with the investee; and • Has the ability to use its power to affect its returns.

The Polytechnic reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.

Consolidation of subsidiaries begins when the Polytechnic obtains control over the subsidiaries and ceases when the Polytechnic loses control of the subsidiaries. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated statement of profit or loss and other comprehensive income from the date the Polytechnic gains control until the date when the Polytechnic ceases to control the subsidiaries.

Where necessary, adjustments are made to the financial statements of the subsidiaries to bring their accounting policies in line with the Group’s accounting policies.

In the Polytechnic’s separate financial statements, investment in subsidiaries is carried at cost less any impairment in net recoverable value that has been recognised in profit or loss.





2.4 Foreign currency transactions

The financial statements are presented in Singapore Dollars, which is the functional currency of the Polytechnic. Transactions in foreign currencies are translated into the functional currency of the Polytechnic and its subsidiaries at the exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated to the functional currency at the exchange rate at the reporting date. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are translated into the functional currency at the exchange rate at the date on which the fair value was determined.

Foreign currency differences arising on retranslation are recognised in statement of profit or loss and other comprehensive income.

2.5 General Fund

Income and expenditure relating to the main activities of the Polytechnic are accounted for through the General Fund in the statement of profit or loss and comprehensive income.

2.6 Restricted Funds

Separate funds are set up to account for contributions received and expenditure incurred for specific purposes. Income and expenditure relating to such funds are accounted for through the Restricted Funds in the statement of profit or loss and comprehensive income. The assets and liabilities of these funds are accounted for separately. For presentation purpose, the assets and liabilities of these funds are pooled together with those of the General Fund in the statements of financial position.

2.7 Grants

Government grants and contributions from other organisations are taken to the grants and income received in advance accounts in the statements of financial position, respectively, upon initial recognition. Other grants include grants from other Government Agencies.

Subsequently, government grants and contributions from other organisations utilised for the purchase/ construction of depreciable assets and the values of donated depreciable assets are taken to the deferred capital grants account in the statements of financial position, or to the statement of profit or loss and comprehensive income for assets which are written off in the year of purchase or donation.

The deferred capital grants are recognised in the statement of profit or loss and comprehensive income over the periods necessary to match the depreciation and write-off of the property, plant and equipment purchased with the related grants. Upon the disposal of an item of property, plant and equipment, the balance of the related deferred capital grants is recognised in statement of profit or loss and other comprehensive income to match the net book value of the assets written off.

Government grants to meet the current year’s operating expenses are taken to the statement of profit or loss and other comprehensive income for the year. Grants are accounted for on an accrual basis.



2.8 Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses.

When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment.

The cost of replacing part of an item of property, plant and equipment is recognised in the carrying amount of the item if it is probable that the future economic benefits embodied within the part will flow to the Polytechnic and its cost can be measured reliably. The costs of the day-to-day servicing of property, plant and equipment are recognised in the statement of profit or loss and other comprehensive income as incurred.

Depreciation on property, plant and equipment is recognised in the statement of profit or loss and other comprehensive income on a straight-line basis over the estimated useful lives (or lease term, if shorter) of each part of an item of property, plant and equipment.

The estimated useful lives are as follows:

Leasehold land Leasehold period of 99 years Leasehold improvements 5 years Buildings 50 years Plant and machinery 10 years Furniture and fittings 5 years Equipment 3 to 10 years

Property, plant and equipment costing less than $2,000 each and renovations costing below $200,000 are charged to the statement of profit or loss and other comprehensive income in the year of purchase.

Construction-in-progress is stated at cost. No depreciation is charged on construction-in-progress. Upon completion of the construction-in-progress, the amounts are transferred to the respective property, plant and equipment categories and depreciated accordingly.

Depreciation methods, useful lives and residual values are reviewed, and adjusted as appropriate, at each reporting date.

2.9 Impairment – non-financial assets

The carrying amounts of non-financial assets are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, the assets’ recoverable amounts are estimated.

An impairment loss is recognised if the carrying amount of an asset or its cash-generating unit exceeds its recoverable amount. A cash-generating unit is the smallest identifiable asset group that generates cash flows that largely are independent from other assets and groups. Impairment losses are recognised in statement of profit or loss and other comprehensive income.




2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d) The recoverable amount of an asset or cash-generating unit is the greater of its value in use and its fair value

less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or cash-generating unit.

Impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation, if no impairment loss had been recognised. Reversal of impairment losses are recognised in the statement of profit or loss and other comprehensive income. After such a reversal, the depreciation charge is adjusted in future periods to allocate the asset’s revised carrying amount, less any residual value on a systematic basis over its remaining useful life.

2.10 Financial assets

Financial assets are recognised when, and only when, the Group becomes a party to the contractual provisions of the financial instrument. The Group determines the classification of its financial assets at initial recognition.

When financial assets are recognised initially, they are measured at fair value, plus, in the case of financial assets not at fair value through profit or loss, directly attributable transaction costs.

Subsequent measurement

The subsequent measurement of financial assets depends on their classification as follows:

(i) Financial assets at fair value through profit or loss

Financial assets at fair value through profit or loss include financial assets held for trading and financial assets designated upon initial recognition at fair value through profit or loss. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. This category includes derivative financial instruments entered into by the Group that are not designated as hedging instruments in hedge relationships as defined by FRS 39. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments.

Subsequent to initial recognition, financial assets at fair value through profit or loss are measured at fair value. Any gains or losses arising from changes in fair value of the financial assets are recognised in statement of profit or loss and other comprehensive income. For capital guaranteed investments, any deficiency in fair value below principal amount is recognised to the statement of profit or loss and comprehensive income to the extent of the guaranteed amount. Net gains or net losses on financial assets at fair value through profit or loss include exchange differences, interest and dividend income.



Derivatives embedded in host contracts are accounted for as separate derivatives and recorded at fair value if their economic characteristics and risks are not closely related to those of the host contracts and the host contracts are not held for trading or designated at fair value through profit or loss. These embedded derivatives are measured at fair value with changes in fair value recognised in statement of profit or loss and other comprehensive income. Reassessment only occurs if there is a change in the terms of the contract that significantly modifies the cash flows that would otherwise be required.

(ii) Loans and receivables

Non-derivative financial assets with fixed or determinable payments that are not quoted in an active market are classified as loans and receivables. Subsequent to initial recognition, loans and receivables are measured at amortised cost using the effective interest method, less impairment. Interest is recognised by applying the effective interest rate method, except for short-term receivables where the recognition of interest would be immaterial. Gains and losses are recognised in statement of profit or loss and other comprehensive income when the loans and receivables are derecognised or impaired, and through the amortisation process.

(iii) Held-to-maturity investments

Non-derivative financial assets with fixed or determinable payments and fixed maturity are classified as held-to-maturity when the Group has the positive intention and ability to hold the investment to maturity. Subsequent to initial recognition, held-to-maturity investments are measured at amortised cost using the effective interest method, less impairment. Gains and losses are recognised in statement of profit or loss and other comprehensive income when the held-to-maturity investments are derecognised or impaired, and through the amortisation process.

De-recognition

The Group de-recognises a financial asset only when the contractual rights to the cash flows from the asset expire, or it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity, if the Group neither transfers nor retains substantially all the risk and rewards of ownership and continues to control the transferred asset, the Group recognises its retained interest in the asset and an associated liability for amounts it may have to pay. If the Group retains substantially all the risks and rewards of ownership of a transferred financial asset, the Group continues to recognise the financial asset and also recognises a collateralised borrowing for the proceeds received.

Offsetting arrangements

Financial assets and financial liabilities are offset and the net amount presented in the statement of financial position when the Group and Polytechnic have a legal enforceable right to set off the recognised amounts; and intend to either settle on a net basis, or to realise the asset and settle the liability simultaneously. A right to set-off must be available today rather than being contingent on a future event and must be exercisable by any of the counterparties, both in the normal course of business and in the event of default, insolvency or bankruptcy.





2.11 Cash and cash equivalents

Cash and cash equivalents comprise cash on hand, demand deposits, and short-term, highly liquid investments that are readily convertible to a known amount of cash and which are subject to an insignificant risk of changes in value.

2.12 Impairment of financial assets

Financial assets are assessed at each reporting date to determine whether there is any objective evidence that it is impaired. Financial assets are considered to be impaired if objective evidence indicates that one or more events have had a negative effect on the estimated future cash flows of that asset.

An impairment loss in respect of a financial asset measured at amortised cost is calculated as the difference

between its carrying amount and the present value of the estimated future cash flows discounted at the original effective interest rate.

Individually significant financial assets are tested for impairment on an individual basis. The remaining financial assets are assessed collectively in groups that share similar credit risk characteristics.

To determine whether there is objective evidence that an impairment loss on financial assets has been incurred, the Group considers factors such as the probability of insolvency or significant financial difficulties of the debtor and default or significant delay in payments.

All impairment losses are recognised in the statement of profit or loss and other comprehensive income.

Impairment losses in respect of financial assets measured at amortised cost is reversed if the subsequent increase in fair value can be related objectively to an event occurring after the impairment loss was recognised. Any subsequent reversal of an impairment loss is recognised in statement of profit or loss and comprehensive income, to the extent that the carrying value of the asset does not exceed its amortised cost at the reversal date.

2.13 Financial liabilities

Initial recognition and measurement

Financial liabilities are recognised when, and only when, the Group becomes a party to the contractual provisions of the financial instrument. The Group determines the classification of its financial liabilities at initial recognition.

All financial liabilities are recognised initially at fair value, plus, in the case of financial liabilities not at fair value through profit or loss, directly attributable transaction costs.



Subsequent measurement

The measurement of financial liabilities depends on their classification as follows:

(i) Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss includes financial liabilities held for trading and financial liabilities designated upon initial recognition at fair value through profit or loss. Financial liabilities are classified as held for trading if they are acquired for the purpose of selling in the near term. This category includes derivative financial instruments entered into by the Group that are not designated as hedging instruments in hedge relationships. Separated embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments.

Subsequent to initial recognition, financial liabilities at fair value profit or loss are measured at fair value. Any gains or losses arising from changes in fair value of the financial liabilities are recognised in the statement of profit or loss and other comprehensive income.

(ii) Other financial liabilities

After initial recognition, other financial liabilities are subsequently measured at amortised cost using the effective interest rate method. Gains and losses are recognised in statement of profit or loss and other comprehensive income when the liabilities are derecognised, and through the amortisation process.

De-recognition

A financial liability is de-recognised when the obligation under the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a de-recognition of the original liability and the recognition of a new liability, and the difference in the respective carrying amounts is recognised in the statement of profit or loss and other comprehensive income.

2.14 Provisions

Provisions are recognised when the Group has a present obligation as a result of a past event, it is probable that an outflow of economic resources will be required to settle the obligation and the amount of the obligation can be estimated reliably.

Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of economic resources will be required to settle the obligation, the provision is reversed. If the effect of the time value of money is material, provisions are discounted using a current pre tax rate that reflects, where appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.





2.15 Employee benefits

Defined contribution plans

Contributions on the employees’ salaries are made to the Central Provident Fund (“CPF”) as required by law. The CPF contributions are recognised as expenses in the period when the employees rendered their services.

Short-term benefits

Short-term employee benefit obligations, including accumulated compensated absences, are measured on an undiscounted basis and are recognised in statement of profit or loss and other comprehensive income as the related service is provided.

2.16 Revenue recognition

Student fees

Course fees for an academic year are recognised over the period of instruction in a financial year.

Income from projects/courses

Income from projects/courses is recognised based on percentage-of-completion method. Percentage-of-completion for projects/courses is measured by progress of work done or period of instruction. Where the outcome of the project cannot be reasonably estimated, income is recognised only to the extent of costs incurred that are expected to be recoverable.

Donations

Donations are recognised upon receipt. Donations with restrictions and/or conditions attached are recognised as deferred income on the statements of financial position until the criteria are fulfilled or when the restrictions and/or conditions expire.

Interest income

Interest income is recognised using the effective interest method.

Rental income

Rental income is accounted for on a straight-line basis over the lease terms.

Dividend income

Dividend income is recognised when the Group’s right to receive payment is established.



2.17 Income tax expense

The Polytechnic is registered as a charitable institution.

With effect from the Year of Assessment 2008 or the financial year ended 31 March 2007, all registered charities will enjoy automatic income tax exemption without having the need to meet the 80% spending rule and there is no need to file income tax returns by virtue of Section 13(1)(zm) of the Income Tax Act, Chapter 134.

The subsidiaries of the Polytechnic are subject to tax under Singapore income tax legislation.

Income tax expense represents the sum of the tax currently payable and deferred tax.

Current tax is the expected tax payable on the taxable income for the year, using tax rates (and tax laws) enacted or substantively enacted by the end of the reporting period, and any adjustment to tax payable in respect of previous years.

Deferred tax is recognised, using the balance sheet liability method, as providing for all temporary differences at the end of the reporting period between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax is measured at the tax rates that are expected to be applied to the temporary differences when they reverse, based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

A deferred tax asset is recognised to the extent that it is probable that future taxable income will be available against which temporary differences can be utilised. Deferred tax assets are reviewed at the end of the reporting period and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.

Current and deferred tax are recognised as an expense or income in profit or loss, except when they relate to items credited or debited outside profit or loss (either in other comprehensive income or directly in equity), in which case the tax is also recognised outside profit or loss (either in other comprehensive income or directly in equity, respectively).

2.18 Funds managed on behalf of others

Funds are set up to account for contributions received from external sources for specific purposes.

The net assets of the funds managed on behalf of others are disclosed as a separate item in the statement of financial position. The income and expenditure relating to these funds are accounted for directly in the funds. Details of income, expenditure, assets and liabilities are disclosed in the notes to the financial statements.




3. CAPITAL ACCOUNT

The capital account comprises net assets of $6,839,000 [General Fund: $6,068,000 (2015 : $6,068,000); Restricted Funds: $771,000 (2015 : $771,000)] relating to the French-Singapore Institute, German-Singapore Institute and Japan-Singapore Institute, which were transferred from the Economic Development Board to Nanyang Polytechnic on 1 February 1993.

4. ACCUMULATED SURPLUS

Restricted Funds

(a) Restricted Funds of the Group and of the Polytechnic comprise the following:

Name of fund Purpose Project and Professional To fund research and development projects, to conduct professional

Development Courses Fund development courses and to fund programmes which support the mission, goals and objectives of the Polytechnic.

Sinking Fund To fund the maintenance of the Polytechnic’s apartments from

rental proceeds. Nanyang Polytechnic Education Fund To provide financial assistance to needy and deserving students, to

recognise the achievements of outstanding students and graduates and to promote Nanyang Polytechnic as an institution of distinction.

Student Welfare/Development Fund To fund student welfare and development activities.


Project andProfessionalDevelopmentCourses Fund

Nanyang Polytechnic Education

Fund

Student Welfare/

Development Fund Sinking Fund Total

2016 2015 2016 2015 2016 2015 2016 2015 2016 2015$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

Group IncomeIncome from projects/ courses/donations 30,192 24,051 1,697 1,733 2,836 2,044 751 773 35,476 28,601Other income 1,656 5,028 50 495 702 411 68 55 2,476 5,989

31,848 29,079 1,747 2,228 3,538 2,455 819 828 37,952 34,590

ExpenditureSalaries and allowances 15,951 13,506 - - - - - - 15,951 13,506Staff development and benefits 427 355 - - 149 212 - - 576 567Teaching expenses 2,866 2,334 - - - - - - 2,866 2,334Repairs, maintenance and utilities 365 443 1,277 1,202 - - - - 1,642 1,645Property, plant and equipment written off 1 - - - - - - - 1 - Depreciation of property, plant and equipment 2,478 2,320 - 20 - - 15 28 2,493 2,368Other expenses 10,962 7,640 - - 3,537 2,330 616 540 15,115 10,510

33,050 26,598 1,277 1,222 3,686 2,542 631 568 38,644 30,930

4. ACCUMULATED SURPLUS (cont’d) (b) The breakdown of the income, expenditure, assets and liabilities of the individual funds under the Restricted Funds are as follows:





Fund

Student Welfare/


2016 2015 2016 2015 2016 2015 2016 2015 2016 2015$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

Group (cont’d)

Surplus (Deficit) before grants (1,202) 2,481 470 1,006 (148) (87) 188 260 (692) 3,660Grants utilised 338 152 - - - - - - 338 152Deferred capital grants amortised

2,467

2,312

-

20

-

-

15

28

2,482

2,360

Surplus (Deficit) after grants 1,603 4,945 470 1,026 (148) (87) 203 288 2,128 6,172Income tax expense (7) (120) - - - - - - (7) (120)

Surplus (Deficit) for the year 1,596 4,825 470 1,026 (148) (87) 203 288 2,121 6,052Other comprehensive income for the year - - - - - - - - - - Total comprehensive income for the year

1,596 4,825 470 1,026 (148) (87) 203 288 2,121 6,052

Accumulated surplus at 1 April 107,962 103,137 13,581 12,555 (973) (886) 1,583 1,295 122,153 116,101Accumulated surplus at 31 March 109,558 107,962 14,051 13,581 (1,121) (973) 1,786 1,583 124,274 122,153Capital account 771 771 - - - - - - 771 771

110,329 108,733 14,051 13,581 (1,121) (973) 1,786 1,583 125,045 122,924


4. ACCUMULATED SURPLUS (cont’d)



Fund

Student Welfare/


2016 2015 2016 2015 2016 2015 2016 2015 2016 2015$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

Group (cont’d)

Represented by:Property, plant and equipment 8,039 5,721 - - - - 8 24 8,047 5,745Investment securities (non-current assets)

81,995

81,792

9,315

9,305

-

-

-

-

91,310

91,097

Deferred tax assets 12 24 - - - - - - 12 24Sundry receivables, deposits and prepayments

3,748

2,396

184

203

588

283

9

6

4,529

2,888

Courses/projects-in-progress 18 39 - - - - - - 18 39Cash and cash equivalents (current assets)

27,827

22,090

4,886

4,302

2,810

2,593

1,785

1,697

37,308

30,682

Grants due from government 7,789 7,956 - - - - - - 7,789 7,956Sundry creditors and accruals (1,289) (1,482) (334) (229) (1,423) (127) (8) (120) (3,054) (1,958) Provision for taxation (1) (24) - - - - - - (1) (24) Income received in advance (current liabilities) (833) (2,050) - - (1,936) (1,742) - - (2,769) (3,792) Income received in advance (non-current liabilities) - - - - (1,160) (1,980) - - (1,160) (1,980) Grants received in advance (6,878) (329) - - - - - - (6,878) (329) Deferred capital grants (non-government)

(10,098)

(7,400)

-

-

-

-

(8)

(24)

(10,106)

(7,424)

110,329 108,733 14,051 13,581 (1,121) (973) 1,786 1,583 125,045 122,924







Fund

Student Welfare/


2016 2015 2016 2015 2016 2015 2016 2015 2016 2015$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

Polytechnic

IncomeIncome from projects/ courses/donations 26,017 20,220 2,782 2,818 3,126 2,382 751 773 32,676 26,193Other income 740

26,757 4,036 24,256

502,832

495 3,313

7023,828

4112,793

68819

55 828

1,56034,236

4,997 31,190

ExpenditureSalaries and allowances 13,283 10,541 - - - - - - 13,283 10,541Staff development and benefits 417 331 - - 149 212 - - 566 543Teaching expenses 2,843 2,313 - - - - - - 2,843 2,313Repairs, maintenance and utilities 287 371 1,277 1,202 - - - - 1,564 1,573Property, plant and equipment written off 1 - - - - - - - 1 - Depreciation of property, plant and equipment 2,466 2,312 - 20 - - 15 28 2,481 2,360Other expenses 10,338 7,008 - - 3,536 2,330 616 540 14,490 9,878

29,635 22,876 1,277 1,222 3,685 2,542 631 568 35,228 27,208





Fund

Student Welfare/


2016 2015 2016 2015 2016 2015 2016 2015 2016 2015$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

Polytechnic (cont’d)

Surplus (Deficit) before grants (2,878) 1,380 1,555 2,091 143 251 188 260 (992) 3,982Grants utilised 338 152 - - - - - - 338 152Deferred capital grants amortised 2,467 2,312 - 20 - - 15 28 2,482 2,360Surplus (Deficit) for the year (73) 3,844 1,555 2,111 143 251 203 288 1,828 6,494Other comprehensive income for the year - - - - - - - - - - Total comprehensive income for the year (73) 3,844 1,555 2,111 143 251 203 288 1,828 6,494Accumulated surplus at 1 April 98,569 94,725 16,509 14,398 1,015 764 1,583 1,295 117,676 111,182Accumulated surplus at 31 March 98,496 98,569 18,064 16,509 1,158 1,015 1,786 1,583 119,504 117,676Capital account 771 771 - - - - - - 771 771

99,267 99,340 18,064 16,509 1,158 1,015 1,786 1,583 120,275 118,447







Fund

Student Welfare/


2016 2015 2016 2015 2016 2015 2016 2015 2016 2015$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000

Polytechnic (cont’d) Represented by:Property, plant and equipment 7,999 5,698 - - - - 8 24 8,007 5,722Subsidiaries 1,100 1,100 - - - - - - 1,100 1,100Investment securities (non-current assets) 77,766 77,573 9,315 9,305 - - - - 87,081 86,878Sundry receivables, deposits and prepayments 3,054 2,535 184 203 588 283 9 6 3,835 3,027Courses/projects-in-progress 18 39 - - - - - - 18 39Cash and cash equivalents (current assets) 20,127 14,823 8,981 7,312 5,386 4,955 1,785 1,697 36,279 28,787Grants due from government 7,789 7,956 - - - - - - 7,789 7,956Sundry creditors and accruals (1,017) (1,024) (416) (311) (1,423) (127) (8) (120) (2,864) (1,582) Income received in advance (current liabilities) (593) (1,631) - - (2,233) (2,116) - - (2,826) (3,747) Income received in advance (non-current liabilities) - - - - (1,160) (1,980) - - (1,160) (1,980) Grants received in advance (6,878) (329) - - - - - - (6,878) (329) Deferred capital grants (non-government) (10,098) (7,400) - - - - (8) (24) (10,106) (7,424)

99,267 99,340 18,064 16,509 1,158 1,015 1,786 1,583 120,275 118,447





(c) Nanyang Polytechnic Education Fund

Donations and contributions made to the Nanyang Polytechnic Education Fund for endowment purpose are retained as principal capital to be kept intact to earn income. Income and expenditure of the Nanyang Polytechnic Education Fund are taken to “Restricted Funds” in the statement of profit and loss and other comprehensive income [Note 4(b)].

The principal capital comprises the following: Group and Polytechnic 2016 2015 $’000 $’000

At 1 April 17,465 9,704 Donations received/receivable 930 7,761 At 31 March 18,395 17,465

Represented by: Fixed deposits 282 4,385 Government and corporate bonds 17,905 12,382 Cash at bank 88 290 Other receivables 120 408 18,395 17,465

The use of donation moneys is in accordance with the objectives of the Nanyang Polytechnic Education Fund. There are no fund-raising activities during the financial year. The income earned solely relates to interest income derived from the fixed deposits, government and corporate bonds and donations received. Other receivables of $116,000 (2015 : $402,000) is a matching endowment fund donation grant receivable from the Ministry of Education.

The total amount of tax deductible donations received for the calendar year 2015 is $916,000 (calendar year 2014 : $1,576,000).



Plant andmachinery

Furnitureand fittings

Leaseholdland

Leaseholdimprovements

Construction-in-progressBuildings Equipment Total

$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000Group

Cost: At 1 April 2014 145,820 8,713 401,511 159,638 19,935 200,999 56,229 992,845 Additions - 1,662 8,021 36,789 1,767 16,258 407 64,904 Reclassifications - 388 54,868 - 277 669 (56,202) - Disposals/write-off - - (81) (1,849) (140) (12,071) - (14,141) At 31 March 2015 145,820 10,763 464,319 194,578 21,839 205,855 434 1,043,608 Additions - 844 1,462 4,323 2,550 18,316 860 28,355 Reclassifications - 80 1,637 (790) (927) - - Disposals/write-off - (75) (46) (510) (384) (12,097) - (13,112) At 31 March 2016 145,820 11,532 465,815 200,028 23,215 211,147 1,294 1,058,851

Accumulated depreciation: At 1 April 2014 28,845 6,631 121,507 152,212 18,063 167,717 - 494,975 Depreciation for the year 1,473 856 8,503 2,727 898 17,280 - 31,737 Disposals/write-off - - (13) (1,761) (139) (12,069) - (13,982) At 31 March 2015 30,318 7,487 129,997 153,178 18,822 172,928 - 512,730 Depreciation for the year 1,473 1,066 9,452 5,828 1,165 16,750 - 35,734 Reclassifications - - - 26 (22) (4) - - Disposals/write-off - (75) (16) (510) (382) (12,089) - (13,072) At 31 March 2016 31,791 8,478 139,433 158,522 19,583 177,585 - 535,392

Carrying amount: At 31 March 2016 114,029 3,054 326,382 41,506 3,632 33,562 1,294 523,459

At 31 March 2015 115,502 3,276 334,322 41,400 3,017 32,927 434 530,878


5. PROPERTY, PLANT AND EQUIPMENT

Plant andmachinery

Furnitureand fittings

Leaseholdland

Leaseholdimprovements

Construction-in-progressBuildings Equipment Total

$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000Polytechnic

Cost: At 1 April 2014 145,820 8,713 401,511 159,586 19,913 200,984 56,229 992,756 Additions - 1,662 8,021 36,789 1,767 16,258 407 64,904 Reclassifications - 388 54,868 - 277 669 (56,202) - Disposals/write-off - - (81) (1,849) (140) (12,071) - (14,141) At 31 March 2015 145,820 10,763 464,319 194,526 21,817 205,840 434 1,043,519 Additions - 834 1,462 4,323 2,534 18,313 860 28,326 Reclassifications - - 80 1,637 (790) (927) - - Disposals/write-off - (75) (46) (510) (374) (12,093) - (13,098) At 31 March 2016 145,820 11,522 465,815 199,976 23,187 211,133 1,294 1,058,747

Accumulated depreciation: At 1 April 2014 28,845 6,630 121,507 152,186 18,042 167,706 - 494,916 Depreciation for the year 1,473 857 8,503 2,721 896 17,279 - 31,729 Disposals/write-off - - (13) (1,761) (139) (12,069) - (13,982) At 31 March 2015 30,318 7,487 129,997 153,146 18,799 172,916 - 512,663 Depreciation for the year 1,473 1,064 9,452 5,823 1,162 16,748 - 35,722 Reclassifications - - - 26 (22) (4) - - Disposals/write-off - (75) (16) (510) (371) (12,086) - (13,058) At 31 March 2016 31,791 8,476 139,433 158,485 19,568 177,574 - 535,327

Carrying amount: At 31 March 2016 114,029 3,046 326,382 41,491 3,619 33,559 1,294 523,420

At 31 March 2015 115,502 3,276 334,322 41,380 3,018 32,924 434 530,856


5. PROPERTY, PLANT AND EQUIPMENT (cont’d)




5. PROPERTY, PLANT AND EQUIPMENT (cont’d)

During the year, the Group acquired property, plant and equipment of $28,355,000 (2015 : $64,904,000). The additions were by way of cash payments of $27,712,000 (2015 : $64,550,000), donated assets of $61,000 (2015 : $202,000) and amount payable to suppliers of $582,000 (2015 : $152,000).

Cash outflow in the consolidated statement of cash flows for the year also includes payments for property, plant and equipment acquired in the previous year of $152,000 (2015 : $22,000).

6. SUBSIDIARIES Polytechnic 2016 2015 $’000 $’000

Unquoted ordinary shares, at cost 1,100 1,100

Details of the subsidiaries are as follows: Proportion of Country of ownership interest Name of subsidiary Principal activities incorporation and voting power held 2016 2015 % %

NYP Ventures Pte Limited To commercialise technologies Singapore 100 100 in the Polytechnic and the

provision of technical and consultancy services to businesses and industries

Nanyang Polytechnic To provide education and training Singapore 100 100 International Private Limited services; undertake consultancy, education and technology projects

in education and related areas; establish and promote NYP brand name internationally by exporting NYP’s capabilities, expertise and experiences


7. INVESTMENT SECURITIES

Group Polytechnic 2016 2015 2016 2015 $’000 $’000 $’000 $’000 Non-current assets Quoted securities managed

by fund managers - unit trusts 123,057 122,638 118,828 118,419

Capital guaranteed investment portfolio managed by

fund manager 59,020 59,602 59,020 59,602 Government and corporate bonds, at amortised cost 19,905 14,382 19,905 14,382 201,982 196,622 197,753 192,403

Capital guaranteed investment portfolio managed by fund manager

The capital guaranteed investment portfolio managed by fund managers is classified as financial assets at fair value through profit or loss. However, any deficiency in fair value of the portfolio below principal amount is recognised to the extent of the guaranteed amount of $55,000,000. The fund management agreement is for a period of 3 years from 2012 to 2015. It was extended in 2015 by 3 years to 2018. The guarantee of the principal sum will cease to apply and be extinguished with immediate effect:

(a) if there is any withdrawal from the portfolio or early termination before the expiry date; or

(b) if the assets in the portfolio are dealt with in a manner that is inconsistent with, or which restricts, detracts from or violates the powers and authorities conferred upon the fund manager under the investment agreement.




7. INVESTMENT SECURITIES (cont’d)

The government and corporate bonds held under held-to-maturity investment bear interest rates of 2.375% to 4.75% (2015 : 2.375% to 4.60%) per annum and will mature after 1 year to more than 5 years. Interest is receivable on a semi-annual basis.

Investments managed by fund managers form part of the Polytechnic funds, which are administered by three external asset management financial institutions (fund managers). The fund managers are given discretionary powers within certain guidelines to invest the funds.

The categories of these investment securities and their carrying amounts are as follows:

Group Polytechnic 2016 2015 2016 2015 $’000 $’000 $’000 $’000 Financial assets managed by fund managers at fair value through profit or loss: Quoted securities 123,057 122,638 118,828 118,419 Capital guaranteed investments 59,020 59,602 59,020 59,602 182,077 182,240 177,848 178,021

Held-to-maturity investment: Government and corporate bonds, at amortised cost 19,905 14,382 19,905 14,382 201,982 196,622 197,753 192,403

8. DEFERRED TAX ASSETS

Group

The components of deferred tax (assets)/liabilities are as follows: Property, plant and Provisions equipment Total $’000 $’000 $’000

At 1 April 2014 (25) 5 (20) Recognised in profit or loss (Note 18) (3) (1) (4) At 31 March 2015 (28) 4 (24) Recognised in profit or loss (Note 18) 12 - 12 At 31 March 2016 (16) 4 (12)


9. SUNDRY RECEIVABLES, DEPOSITS AND PREPAYMENTS

Group Polytechnic 2016 2015 2016 2015 $’000 $’000 $’000 $’000

Financial assets Sundry receivables, net of allowance 4,455 2,745 3,428 2,553 Tuition fees 1,084 2,625 1,084 2,625 Deposits 699 369 690 360 Interest receivable 2,311 1,278 2,304 1,278 Amount due from subsidiary - - 571 396 Total financial assets 8,549 7,017 8,077 7,212

Non-financial assets Prepayments 2,142 1,718 2,142 1,718 Goods and services tax receivable 2,255 1,081 2,237 1,081 4,397 2,799 4,379 2,799

12,946 9,816 12,456 10,011

Sundry receivables and the amount due from subsidiary are non-interest bearing and are generally on 30 to 90 days’ terms. They are recognised at their original invoice amounts which represent their fair values on initial recognition.

Receivables that are past due but not impaired

The Group has sundry receivables amounting to $1,904,000 (2015 : $950,000) that are past due at the end of the reporting period but not impaired as management has assessed that there has not been a significant change in credit quality and the amounts are still considered recoverable. These receivables are unsecured and the analysis of their ageing at the end of the reporting period is as follows:

Group Polytechnic 2016 2015 2016 2015 $’000 $’000 $’000 $’000 Sundry receivables past due: Less than 30 days 843 650 838 650 30 to 60 days 742 197 742 192 61 to 90 days 68 55 68 54 More than 90 days 251 48 240 48 1,904 950 1,888 944




9. SUNDRY RECEIVABLES, DEPOSITS AND PREPAYMENTS (cont’d)

The Group’s and Polytechnic’s loans and receivables include the following financial assets:

Group Polytechnic Note 2016 2015 2016 2015 $’000 $’000 $’000 $’000

Sundry receivables and deposits (current) 8,549 7,017 8,077 7,212 Cash and cash equivalents 10 287,259 258,549 276,080 246,864 Grants due from government 11 24,652 25,036 24,652 25,036 320,460 290,602 308,809 279,112

10. CASH AND CASH EQUIVALENTS Group Polytechnic 2016 2015 2016 2015 $’000 $’000 $’000 $’000

Current: Cash at bank and in hand 12,013 19,613 6,334 8,428 Fixed deposits 5,510 510 10 10 Cash managed by the Accountant-General’s Department 269,736 238,426 269,736 238,426 Cash and cash equivalents 287,259 258,549 276,080 246,864

The Group’s fixed deposits bear an average effective interest rates of 0.15% to 1.25% (2015 : 0.25%) per annum for a tenure of 6 months to 12 months (2015 : 12 months). Management is of the view that the fixed deposits qualify as cash and cash equivalents as these can be withdrawn at any time without penalty and with insignificant changes in value.

The Polytechnic manages 1 (2015 : 1) bank account on behalf of Nanyang Polytechnic Students’ Union and its Constituent Clubs. As at end of the reporting period, cash at bank of $450,000 (2015 : $317,000) has not been included in the cash and cash equivalents of the Group and Polytechnic.


11. GRANTS DUE FROM GOVERNMENT Group and Polytechnic 2016 2015 $’000 $’000

Operating grants 16,878 17,080 Others 7,774 7,956 24,652 25,036

12. SUNDRY CREDITORS AND ACCRUALS


Financial liabilities Sundry creditors 8,768 4,870 8,728 4,826 Deposits 2,147 1,122 2,133 1,109 Accrual for purchase of property, plant and equipment 582 152 582 152 Accruals 23,242 17,926 23,118 17,789 Amount due to subsidiary - - 92 90 Total financial liabilities at amortised cost 34,739 24,070 34,653 23,966

Non-financial liabilities Short-term accumulated compensated absences 10,043 10,027 9,953 9,865 Goods and services tax payable 4 95 - - 10,047 10,122 9,953 9,865 Sundry creditors and accruals 44,786 34,192 44,606 33,831

The amount due to subsidiary is unsecured, interest-free, repayable on demand and expected to be settled in cash.




13. GRANTS RECEIVED IN ADVANCE Note Group and Polytechnic 2016 2015 $’000 $’000

At 1 April 5,812 4,797 Grants received/receivable during the year: - Government operating grants 216,285 215,674 - Government development grants 3,852 33,037 - Other grants 22,040 10,165 247,989 263,673 Transfer to deferred capital grants: - Government development grants 14 (3,714) (30,634) - Other grants (299) (20)

Amount taken to statement of profit or loss and other comprehensive income: - Government operating grants (215,172) (214,581) - Government development grants (283) (2,152) - Other grants (16,688) (10,474) At 31 March 11,833 5,812

During the financial year, the Group and Polytechnic received a grant of $20,502,000 (2015 : $19,897,000) from the Ministry of Education to settle the outstanding goods and services tax payable to the Inland Revenue Authority of Singapore and $3,475,000 (2015 : $2,736,000) of bursary for disbursement to the students during the year. The Ministry of Education also provided $1,318,000 (2015 : $4,169,000) of matching endowment fund donation grant and $109,000 (2015 : $117,000) for the Continuing Education Training Qualifications Award. These amounts are not included in the operating grants received from the government disclosed above.

14. DEFERRED CAPITAL GRANTS Note Group and Polytechnic 2016 2015 $’000 $’000

At 1 April 529,082 505,742 Grants recognised as deferred income: - Government IT and F&E grants received 24,415 24,830 - Government development grants 13 3,714 30,634 - Other grants 13,127 8,770 570,338 569,976

Grants taken to statement of profit or loss and other comprehensive income:

- Government IT and F&E grants utilised (9,364) (5,183) - Other grants utilised (7,465) (7,649) - Deferred capital grant amortisation-government (27,377) (24,624) - Deferred capital grant amortisation-other grants (3,336) (3,438) At 31 March 522,796 529,082

Represented by: - Grants utilised 467,037 474,772 - Grants not utilised 55,759 54,310 At 31 March 522,796 529,082

15. FUNDS MANAGED ON BEHALF OF OTHERS Group and Polytechnic 2016 2015 $’000 $’000

(i) Funds managed on behalf of Ministry of Education 10,883 11,118 (ii) Funds managed on behalf of Singapore Totalisator Board 2,252 2,252 13,135 13,370

The Polytechnic acts as an agent for the Ministry of Education to disburse staff and student loans. The Polytechnic also administers the Opportunities Fund on behalf of the Ministry of Education and disburses notebook loans from the Singapore Totalisator Board.





15. FUNDS MANAGED ON BEHALF OF OTHERS (cont’d)

Loans given to students are interest-free until 1 June for borrowers who graduate in the first half of the year or 1 December for borrowers who graduate in the second half of the year. For those with National Service obligation, interest charge will commence from the first day of the month immediately following the month they complete their National Service. Loans are repayable by monthly instalments with interest at 4.75% (2015 : 4.75%) per annum, which is based on the average prime rates of banks or such other rates as may be determined by the Polytechnic from time to time.

Loans to staff consist of housing loans made in accordance with regulations of the Polytechnic. With effect from January 2002, housing loan benefit is no longer provided and the unutilised grants as well as the repayment of these staff loans amounting to $8,535 (2015 : $9,000) were refunded to the Ministry of Education. Existing housing loans will continue to be refunded.

The Opportunities Fund is provided to level up enrichment opportunities for Singapore Citizen students from lower-income households. This includes assistance for overseas trips, local and overseas enrichment programmes and purchase of computer devices. The fund is provided on a 3-year cycle which ended in December 2015. The unutilised amounts had been refunded to Ministry of Education at the end of the 3-year cycle and fresh funds of $2,998,980 have been received for the next cycle from 2016 to 2018.

Group and Polytechnic 2016 2015 $’000 $’000 (i) Funds managed on behalf of Ministry of Education

At 1 April 11,118 11,091 Amount received during the year 5,238 2,429 Amount utilised during the year (1,038) (409) Amount refunded during the year (4,433) (1,983) Amount written off during the year (2) (10) At 31 March 10,883 11,118

Represented by: Staff loans 26 35 Student loans 7,922 7,798 Sundry debtors 400 366 Sundry creditors (378) (180) Cash and cash equivalents 2,913 3,099 Net assets 10,883 11,118

The cash and cash equivalents of $2,913,000 (2015 : $3,099,000) are held on behalf of the Ministry for the purpose of extending student loans and to level up enrichment opportunities for Singapore Citizen students from lower-income households.


15. FUNDS MANAGED ON BEHALF OF OTHERS (cont’d)

(ii) Funds managed on behalf of Singapore Totalisator Board

Notebook computer loans from Singapore Totalisator Board given to students are interest-free. Loans are repayable in monthly instalments commencing 6 months after graduation or upon the graduate securing employment, whichever is earlier.

Group and Polytechnic 2016 2015 $’000 $’000

At 1 April and 31 March 2,252 2,252

Represented by: Notebook computer loans 1,247 1,524 Cash and cash equivalents 1,005 728 Net assets 2,252 2,252

16. OTHER INCOME

The following items have been included in arriving at other income:


Foreign exchange loss (10) (74) (10) (74) Fair value adjustment on financial assets at fair value through profit or loss (163) 7,945 (173) 7,740 Gain on disposal of property, plant and equipment 73 38 73 38 Interest income 3,411 2,144 3,403 2,143

Fair value adjustment on financial assets at fair value through profit or loss refers to the difference between the fair value of the financial assets and their carrying amounts as at 31 March 2016 and 2015. Included in the fair value adjustment is realised gain on disposal of investment securities amounting to $Nil (2015 : $88,000).




17. (DEFICIT) SURPLUS BEFORE GRANTS

The following items have been charged (credited) in arriving at (deficit) surplus before grants:


Write back of allowance for doubtful debts - (84) - (84) Contribution to Central Provident

Fund, included in salaries and allowances 23,933 20,603 23,762 20,461

Rental income (Apartment) (1,697) (1,733) (2,782) (2,818)

18. INCOME TAX EXPENSE Group 2016 2015 $’000 $’000

Income tax - Current year 1 24 - (Overprovision) Underprovision in prior year (6) 100 (5) 124 Deferred tax (Note 8) - Origination and reversal of temporary differences 12 (4)

Tax expense 7 120


18. INCOME TAX EXPENSE (cont’d)

The reconciliation of the tax expense and surplus after grants multiplied by the applicable tax rate is as follows:

Group 2016 2015 $’000 $’000

Surplus after grants 20,755 34,699

Tax at the applicable tax rate of 17% (2015 : 17%) 3,528 5,899 Effect of revenue exempt from taxation (3,431) (5,805) Effect of partial tax exemption (3) (28) Effect of enhanced tax deduction (81) (37) Tax rebate - (9) Underprovision (Overprovision) of tax in prior years (6) 100 7 120

Current year tax expense relates to taxation imposed on taxable income of the subsidiaries.

19. INCOME RECEIVED IN ADVANCE Group Polytechnic 2016 2015 2016 2015 $’000 $’000 $’000 $’000

Fees received in advance 24,690 27,371 24,748 27,326

Represented by: Current - Student/Project fees 3,295 4,712 3,056 4,293 - Donations 1,935 1,742 2,232 2,116 - Service fees 637 637 637 637 5,867 7,091 5,925 7,046

Non-current - Donations 1,160 1,980 1,160 1,980 - Service fees 17,663 18,300 17,663 18,300 18,823 20,280 18,823 20,280

24,690 27,371 24,748 27,326




19. INCOME RECEIVED IN ADVANCE (cont’d)

The student/project fees received in advance are mainly student fees received in advance for the new financial year and income from projects and courses for course durations starting from April 2016.

Donations are mainly scholarship and bursary awards received in advance and will be disbursed to the student recipients in the new academic year starting from April 2016 (2015 : April 2015) and beyond.

The Polytechnic received fees in advance from Singapore Institute of Technology (“SIT”) during the financial year for the usage of the Polytechnic’s facilities by SIT students. The fees received in advance will only be recognised as revenue when services are rendered by the Polytechnic in accordance to the service fee agreement between the Polytechnic and SIT.

20. CAPITAL COMMITMENTS Group and Polytechnic 2016 2015 $’000 $’000

Capital commitments approved by the Board and contracted but not provided for 10,509 13,210

The capital commitments are funded from government grants and general fund.

21. KEY MANAGEMENT PERSONNEL COMPENSATION

Key management personnel of the Group are those persons having the authority and responsibility for planning, directing and controlling the activities of the Group. The Principal/Chief Executive Officer (Polytechnic), Chief Executive Officer (subsidiary), Deputy Principals, Senior Directors and Directors are considered as key management personnel of the Group.

The key management personnel compensation is as follows:


Short-term employee benefits 10,009 10,098 8,508 8,255 CPF contributions 515 380 459 330 10,524 10,478 8,967 8,585


22. FINANCIAL INSTRUMENTS

(a) Financial risk management policies and objectives

Risk management is integral to the whole activities of the Group. The Group has a system of controls in place to create an acceptable balance between the cost of risks occurring and the cost of managing the risks. The Group continually monitors its risk management process to ensure that an appropriate balance between risk and control is achieved.

(i) Credit risk

Credit risk is the potential loss resulting from the failure of a customer or a party to settle its financial and contractual obligations to the Group, as and when they fall due.

Receivables that are neither past due nor impaired are creditworthy debtors with good payment record with the Group. Cash and fixed deposits are placed with reputable banks and financial institutions. Funds for investments are only placed with reputable fund managers.

Information regarding receivables that are either past due or impaired is disclosed in Note 9.

At the end of the reporting period, there is no significant concentration of credit risk. The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the statement of financial position. The credit risk profile of the Group is as follows:

Group 2016 2015 $’000 % of total $’000 % of total By country:

Singapore 8,549 100 7,017 100

The cash with Accountant–General’s Department (“AGD”) under Centralised Liquidity Management (“CLM”) is placed with reputable financial institutions and is available upon request.




22. FINANCIAL INSTRUMENTS (cont’d)

(ii) Liquidity risk

The Group monitors its liquidity risk and maintains a level of cash and cash equivalents deemed adequate to finance the Group’s operations and to mitigate the effects of fluctuations in cash flow.

(iii) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of the Group’s financial instruments will fluctuate because of changes in market interest rates.

Interest rate sensitivity

The sensitivity analysis below has been determined based on the exposure to interest rates for significant non-derivative instruments at the end of the reporting period and the stipulated change taking place at the beginning of the financial year and held constant throughout the reporting period in the case of instruments that have floating rates.

At the end of the reporting period, if the interest rate was 50 basis points (2015 : 50 basis points) higher/lower with all other variables held constant, the Group’s surplus for the year would have increased/decreased by $1,349,000 (2015 : $1,192,000).

(iv) Foreign currency risk

Currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates.

The Polytechnic is not exposed to significant foreign currency risk as its transactions, financial assets and liabilities are mainly denominated in Singapore dollars.

(v) Market price risk

The Group is exposed to market price risk arising from its investment in quoted instruments, which are classified as financial assets at fair value through profit or loss. Certain investments are capital guaranteed, subject to conditions. At the end of the reporting period, if the fair value of the investment securities had been 10% (2015: 10%) higher/lower with all other variables held constant, the Group’s surplus for the year would have increased/decreased by $18,208,000/$16,326,000 (2015: $18,224,000/$16,866,000).



(vi) Fair value of financial assets that are carried at fair value

The following table shows an analysis of investment securities carried at fair value by level of fair value hierarchy:

Group Quoted prices in active market for identical instruments (Level 1) 2016 $'000

Financial assets (Note 7): Quoted securities managed by fund managers: - unit trusts 123,057 Capital guaranteed investment managed by fund manager 59,020 At 31 March 2016 182,077

2015






Polytechnic Quoted prices in active market for identical instruments (Level 1) 2016 $’000


2015


Estimation of the fair values

(i) Investments in quoted securities managed by fund managers and capital guaranteed investment portfolio

Fair value is based on published market prices at the end of the reporting period without any deduction for transaction costs.



(ii) Other financial assets and liabilities

The carrying amount of the Group’s other financial assets and liabilities approximate their fair values due to the relatively short term nature of these financial instruments. The aggregate net fair values of recognised financial assets which are not carried at fair value in the balance sheet at 31 March are represented in the following table:

Group and Polytechnic 2016 2015 Carrying Carrying amount Fair value amount Fair value $’000 $’000 $’000 $’000 Financial assets Held-to-maturity government and corporate bonds

(Note 7) 19,905 18,877 14,382 14,590

The held-to-maturity government and corporate bonds are classified as level 1 in the fair value hierarchy as there are quoted bid prices in an active market.

23. CAPITAL MANAGEMENT

The primary objective of the Group’s capital management is to ensure that it has adequate financial resources to fund its operations. The Group obtains government grants through the Ministry of Education and other government agencies to fund its operational and capital requirements. Expenditures are monitored through a budgetary control process. It also undertakes industrial projects. The Group manages its capital base in consideration of current economic conditions and its plan for the year in concern. The Group is not exposed to any external capital requirements.

The Group monitors capital using net assets value, which is made up of capital, accumulated surplus and the Nanyang Polytechnic Education Fund. The Group’s overall strategy remains unchanged from 2015. The net assets value at 31 March 2016 and 2015 were as follows:

Group 2016 2015 $’000 $’000

Net assets 446,222 424,544

112 NANYANG POLYTECHNIC


24. RELATED PARTY TRANSACTIONS

Some of the Group’s transactions and arrangements are with related parties and the effect of these on the basis determined between the parties is reflected in these financial statements. The balances are unsecured, interest-free and repayable on demand unless otherwise stated.

During the financial year, other than disclosed elsewhere in the financial statements, the following were the related party transactions based on terms agreed between the parties:


Between the Polytechnic and its subsidiaries

Apartment rental, furnishing and cleaning income - - (1,085) (1,085)

Project income - - (21) (45) Programme and facilities income - - (574) (473) Service fee income - - (164) (155) Facilities rental income - - (133) (122) Secondment income - - (212) - Service fee expense - - 950 1,323 Donation received for Nanyang

Polytechnic Education Fund - - (214) (124)


Nanyang Polytechnic 180 Ang Mo Kio Avenue 8 Singapore 569830

Tel: 6451 5115

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Published by Communications & Outreach Department.Copyright © 2016 Nanyang Polytechnic. All rights reserved.

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