tpar03 cover2 fa - tp.edu.sg · principal & ceo’s report 8 step 1 10 have a head start...
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ChangingThe Rules Of
The Gameannual report 2002/03
Changingthe�Rules�ofthe�Game“Rules are made to be broken”.At Temasek Polytechnic, we recognisethat we need to challenge basicassumptions as we move intouncharted territories in globaldevelopments. The need to review,reinterpret and change some rulesin today’s environment will helpus respond to and meet differentchallenges and expectations.
As the economic landscape andeducational environment continueto change, the Polytechnic has tobe dynamic and adaptable. AtTP, “changing the rules” meansquestioning the known paradigmsand setting new benchmarks ofexcellence in developing our studentsand staff. We review presentpriorities, we question, we seeknew solutions and means so thatwe can deliver a marketable,meaningful and well-roundededucation to our students, anddevelop our staff to fully maximisetheir potential.
Changingthe Rules ofthe Game“Rules are made to be broken”.At Temasek Polytechnic, we recognisethat we need to challenge basicassumptions as we move intouncharted territories in globaldevelopments. The need to review,reinterpret and change some rulesin today’s environment will helpus respond to and meet differentchallenges and expectations.
As the economic landscape andeducational environment continueto change, the Polytechnic has tobe dynamic and adaptable. AtTP, “changing the rules” meansquestioning the known paradigmsand setting new benchmarks ofexcellence in developing our studentsand staff. We review presentpriorities, we question, we seeknew solutions and means so thatwe can deliver a marketable,meaningful and well-roundededucation to our students, anddevelop our staff to fully maximisetheir potential.
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ContentsMission & Vision / Corporate Goals & Strategies / Shared Values 2Board of Governors 4Senior Management 6Highlights of the Year in Review 7Principal & CEO’s Report 8
STEP 1 10HAVE A HEAD STARTScoring with winning strategiesStrategic Alliances and Exchanges 12Sharing Our Expertise With International Partners 13
STEP 2 16HAVE THE MISSING PIECESWith the right options, the opportunities are endlessFAST 18Problem-Based Learning 18Local and Overseas Student Internship Programmes 19Riding the Infocomm Technology Wave 20Enhancing Our Facilities 21Caring for Our Environment 22A Wider Field 22Enhancing Workforce Employability 24An International Community on Campus 25Our Star Players - Student Achievements 26
STEP 3 28CREATE THE RIGHT BALANCEIt’s time to step up to the next levelLong-Service Award 30In Pursuit of Excellence 30Nurturing All-Rounders 30Emergency Preparedness 32 Our Star Players - Staff Achievements 33
CORPORATE INFORMATION
FINANCIAL STATEMENTS
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Corporate Goalsand StrategiesQuality Education through leadership, innovation and integration
Quality People through selection, management and development
Quality Environment through communication, teamwork andpeople-centredness
Quality Performance through goals, commitment and service
Shared ValuesResponsibilty for the continued growth and success ofTemasek Polytechnic
Respect for the dignity of the individual
Integrity of the highest order
Student-centredness
Future orientation
To be a world-class in
stitutio
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in the global e
ducation netw
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reputed for our programmes,
applied re
search, managerial
excellence and in
novative
corporate culture.
To prepare school-leavers and
working adults fo
r a future of d
ynamic
charge, w
ith re
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life-lo
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haracter, and a th
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for continuous im
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Corporate Goalsand StrategiesQuality Education through leadership, innovation and integration
Quality People through selection, management and development
Quality Environment through communication, teamwork andpeople-centredness
Quality Performance through goals, commitment and service
Shared ValuesResponsibilty for the continued growth and success ofTemasek Polytechnic
Respect for the dignity of the individual
Integrity of the highest order
Student-centredness
Future orientation
To be a world-class in
stitutio
n
in the global e
ducation netw
ork,
reputed for our programmes,
applied re
search, managerial
excellence and in
novative
corporate culture.
To prepare school-leavers and
working adults fo
r a future of d
ynamic
charge, w
ith re
levant knowledge,
life-lo
ng skills, c
haracter, and a th
irst
for continuous im
provement.
MIS
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Board ofGovernors
ChairmanMr LIEW MUN LEONGPresident & CEOCapitaLand Ltd
Deputy ChairmanMr LIM KOK MIN, JOHNChairmanSenoko Power Ltd
MemberMr BOO KHENG HUAPrincipal and CEOTemasek Polytechnic
MemberMr CHAN TEE SENGDirectorSkills Development DepartmentNational Trades Union Congress
MemberMr CHAN YENG KITDeputy Secretary (Policy)Ministry of Education
MemberProf LEE TONG HENGVice-President (Research/Science, Engineering & Humanities) DirectorOffice of ResearchNational University of Singapore
MemberMr HSIEH FU HUA(Up to 7 May 2003)Chief Executive OfficerSingapore Exchange Ltd
MemberMr LEE KIANG PENG, ANTHONY(Up to 15 October 2003)Chief ExecutiveAmerican Express BankHong Kong
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MemberMs SU YEANGChief Executive OfficerCitigate Su Yeang Design Pte Ltd
MemberDr TOH SEE KIATChairmanGoodwins Law Corporation
MemberMr ZULKIFLI BAHARUDINManaging DirectorVan Esch Logistics (Asia) Pte Ltd
MemberMr LIOW VOON KHEONGChief Executive OfficerEDBV Management Pte Ltd
MemberDr LOH WAH SINGDirector(Business Development)Institute of High Performance Computing
MemberBG LOH WAI KEONGCommander3rd Division AFPN 1002Ministry of Defence
MemberMr SEAH MOON MINGPresidentST Electronics Ltd
MemberMr SAW KEN WYEGeneral ManagerCommunications Sector(APAC, Greater China & Japan)Microsoft Operations Pte Ltd
MemberMdm YEOH CHEE YANDeputy Secretary (Community Dev. & Sports)Ministry of Community Development & Sports
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Mr Boo Kheng HuaPrincipal & CEO
Mr Ang Keng LooDeputy Principal
Mr Edmond KhooDeputy Principal and Director Interdisciplinary & General Studies
Mrs Lily TeoDirectorFinance and Administration
Mrs Chua Seow YingDirectorHuman Resource & Staff Development
Ms Soh Eng KhimRegistrar and DirectorStudent and Alumni Affairs
Mr Yew Bok ChinDirectorComputer & Information Systems
Mrs Esther Ong Wooi CheenDirectorLibrary & Information Resources
Mrs Sally Chew-Ong Gek TeeDirectorInternational Relations & Industry Services
Mr George Yap Giok SengDirectorContinuing Education Centre andEstates & Facilities Management
Mrs Soon-Ong Meng WanDirectorTemasek Applied Science School
Mr Yeo Li PheowDirectorTemasek Business School
Mr Moses Wong Chiat ChangDirector Temasek Design School
Mrs Lay-Tan Siok LieDirectorTemasek Engineering School
Mr Tan Dek YamDirectorTemasek Information Technology School
SeniorManagement
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SEN
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Highlights of theYear in Review
1 July 2002Temasek Polytechnic launched the Flexible Academic System for Temasek, or FAST, to provide a broad-based flexible education for our students.
17 July 2002Temasek Polytechnic was conferred the Family Friendly Firm Award for the second time.
19 July 2002Minister for Education and Second Minister for Defence, Rear Admiral Teo Chee Hean, visited Temasek Polytechnic.
24 July 2002Temasek Polytechnic received the SAF Award for Employers from Deputy Prime Minister, Dr Tony Tan, for its support of andcontribution to defence activities among its staff.
3 September 2002Temasek Engineering School flagged off the first Nationwide Robo Grand Prix at the Great World City atrium.
13 September 2002The Health Promotion Board awarded Temasek Polytechnic with its fourth consecutive H.E.A.L.T.H. Award (Silver).
30 September 2002Temasek Polytechnic was re-conferred the People Developer’s Award for its excellent staff development programmes.
18 October 2002Temasek Polytechnic received its sixth SHARE Programme (Gold) Award from the Community Chest of Singapore.
Clockwise from top left: • A workshop on baby massage - as a Family Friendly Firm, TP actively encourages activities that promote wellness of staff and their families • Mr Boo receiving the SAF Award for Employers from DPM Dr Tony Tan • Singapore’s first Robo Grand Prix was flagged off at the Great World City.
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In reviewing our efforts in this financial year, I am reminded of the significant contributions made by our various stakeholders and industry partners in helping us improve our delivery of a well-rounded education to our students. Many of you reading this report have played a significant role in TP’s efforts this past year. All of us here at TP would like to express our sincere appreciation for your continued encouragement and support!
The last year marked another year of milestones in our efforts to provide a relevant education to our students in an increasingly complicated environment. The stakes have become higher and we at TP realise the need to step up our efforts, especially in terms
of the delivery of education, our pedagogy and ultimately, what our students gain from having been with us.
Critical in this direction was the launch of the Flexible Academic System at Temasek (FAST) in July 2002. FAST is a new academic structure that offers a broad-based education to students. The aim is to produce quality graduates who will have had a good grounding in the fundamentals, life skills, character and a thirst for continuous learning. This credit-based system allows students to take subjects beyond their discipline and encourages lifelong learning. It is a strategic initiative to support the demands of the new economy by producing well-rounded graduates who can keep themselves relevant to changing needs.
A new economic landscape necessarily prompts change in the way we educate and enskill our workforce. TP has been an early champion of Problem-Based Learning (PBL), a student-centred inquiry-based education model that equips our students with the mental nimbleness to “learn, unlearn and relearn”. With FAST and PBL, TP aims to develop our students broadly across disciplines, while equipping them with lifelong learning skills.
TP’s partnership with industry and academic partners expanded in the year in review, with the signing of new agreements in areas such as training, staff and student exchanges, research and development programmes, software usage and publishing. Memoranda of Understanding were signed which led to collaborations in the areas of technology transfer and the setting up of training centres in TP. Additionally, agreements with overseas academic institutions to collaborate in the areas of staff and student exchanges and the sharing of expertise, knowledge and information,
Principal & CEO’s Report
A new economic landscape necessarily prompts change in the way we educate and enskill our workforce....With FAST and PBL, TP aims to develop our students broadly across disciplines, while equipping them with lifelong learning skills.
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very well, winning at prestigious international competitions such as the British Design & Art Direction Student Awards, the International Advertising Association’s annual student advertising competition and the food development competition, the Novation Starch Development Challenge. I am sure everyone has gained from the experience.
For the near future, we expect the challenges to stay with us as the economy restructures and global events develop that necessitates realignments in our social and economic make-up. TP is committed to playing our role in nurturing talented individuals who are adept at adapting and are able to contribute positively to the nation.
Once again, let me express my thanks to all who have supported us in our endeavour, and especially our Board of Governors under the guidance of Board Chairman, Mr Liew Mun Leong, the School Advisory Committees and our industry partners.
Boo Kheng HuaPrincipal & CEO
strengthened TP’s foothold abroad in achieving our vision to be a recognised institution in the global education network. Frequent networking and dialogue with business, industry and academia also help to keep TP abreast of developments and ensure the relevance of our courses.
Staff capability development and re-profiling is also a focus area that will strengthen TP’s efforts in supporting the nation’s manpower development and shift to new growth areas. TP will continue to invest in its human capital and encourage staff to keep their knowledge and skills updated and relevant through external and in-house courses. Staff have also been sent overseas for post-graduate courses or sent on attachments to industry and research institutes. To support staff training, we launched eLNA, the online Learning Needs Analysis system in 2002. With inputs gleaned from the system, such as the core competencies of different categories of staff, the Total Learning Plan for the year in review was drawn up. With the commitment to training and development by both management and staff, TP was re-certified as a People Developer organisation in September 2002 and recognised as an institution that invests in its people to bring out the best in them.
As stakeholders in the wider community of Singapore, TP staff and students continued to contribute their energy and expertise to various causes in the community, from raising funds for charitable organisations in nation-wide activities, to helping conserve endangered wildlife in Sabah. Students were also encouraged to put their innovations and ideas to the test and to pitch their skills and expertise against other external parties by participating in various national and international competitions. Some have done
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Scoring with winning strategies
Step 1 :Have aHead Start
In every endeavour, there is a strategy to win.At TP, tactical alliances with key industry partnersis a key strategy in ensuring that we keep in pacewith and ahead of industry developments and thatour course offerings meet industry requirements.To this end, various Memoranda of Understanding(MOU) were signed with our industry partners, andstrong ties were forged with both local and overseasinstitutions through training, visits, projectcollaborations and student and staff exchanges.
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Scoring with winning strategies
Step 1 :Have aHead Start
In every endeavour, there is a strategy to win.At TP, tactical alliances with key industry partnersis a key strategy in ensuring that we keep in pacewith and ahead of industry developments and thatour course offerings meet industry requirements.To this end, various Memoranda of Understanding(MOU) were signed with our industry partners, andstrong ties were forged with both local and overseasinstitutions through training, visits, projectcollaborations and student and staff exchanges.
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STRATEGIC ALLIANCES AND EXCHANGES
MOUs with Industry and Academic PartnersNumerous agreements for training, staff and student exchanges, research and development programmes, software usage, publishing and non-disclosure were signed in the period of review. Some of our partners include Jurong BirdPark, CrimsonLogic Pte Ltd, Ecquaria Technologies Pte Ltd and SAS Institute Pte Ltd.
Memoranda of Understanding were signed with local and overseas industry partners to collaborate in the areas of technology transfer and the setting up of Training Centres at TP. These include Siemens Medical Instruments Pte Ltd and InfoTalk Technology (Singapore) Pte Ltd. An MOU was signed with Sentosa Development Corporation for the development of a regional hospitality, service and tourism campus, right in the leisure and resort setting of Sentosa island. To be called “The Tourism Academy at Sentosa”, the satellite campus of TP will provide the skilled manpower to fuel and support the growth of the tourism and hospitality industry.
New academic MOUs were also signed and existing ones were extended with overseas institutions to collaborate in the areas of staff and student exchanges and the sharing of expertise, knowledge
and information. These included three Finnish polytechnics which TP has had strong, long-standing relationships with - Oulu, Vaasa and Jyvaskyla Polytechnics - and Rovaniemi Polytechnic with whom a new relationship has been formalised.
Staff and Student ExchangesTP has constantly supported staff and student exchanges with international institutions. In this review period, TP hosted a total of 32 students from various institutions in Finland, France, India, UK and Hong Kong. Of these, 24 were attached to TP for academic study, while the other eight
An MOU with Siemens will see more skilled hearing care providers in Singapore.
An MOU is sealed between Temasek Information Techonology School and Ecquaria Technologies Pte Ltd.
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students were either attached to TP or the industry for project work.
TP students also ventured to countries such as China, Finland and Australia for attachments. They have all brought back with them enriching experiences especially in relation to the work culture and lifestyles overseas.
International Cultural ExchangesJapan continued to look to TP for their cultural exchanges with a total of 365 students from Japanese High Schools/Institutes visiting TP in the period of review. Students came from Fukuoka
Girls’ Commercial High School, Seiken High School, Niigata Accounting and Business International College and Tokai University Daini Senior High School. TP students studying the Japanese language participated in the exchange at various points, and found ample opportunities to practise the language. As a whole, such cultural events provided a platform for meaningful exchanges to be forged among youths from both institutions as students often continue to link up via electronic mail after the meeting in Singapore.
Some 40 TP students studying the French language also had a great time interacting with 45 French students from Lycee Francais De Singapour Ltd (French International School, Singapore) when they visited TP on 24 March 2003 for a cultural exchange programme.
SHARING OUR EXPERTISE WITH INTERNATIONAL PARTNERS
The International Relations & Industry Services Department (IRIS) hosted a total of 1,172 visitors in 150 visits for this review period. Some of the distinguished visitors included the Mexican Ambassador to Singapore, HE Mr Andres Carral and the Peruvian Ambassador to Singapore, HE Mr Fernando Guillen. Senior academia from UCLA (USA), Victoria University of Wellington (New Zealand), University of New South Wales (Australia), Oxford
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Students from the Fukuoka Girls’ Commercial High School visiting TP in Dec 2002.
TP hosted exchange students from Finland, France, India, UK and Hong Kong.
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Brookes University (UK) and Oulu Polytechnic (Finland) visited TP as part of the ongoing academic interactions and exchange.
TP also hosted several overseas delegations from Japan, Hong Kong, Sri Lanka, Thailand, Malaysia and Denmark in the past year. Most of these delegates were educators, administrators, municipal councillors and corporate executives who were here to find out more about the polytechnic education system, our pedagogy, and the use of infocomm technology in teaching and learning in the Polytechnic.
TP participated in the UK Life Sciences Outward Mission to Singapore held from 10 - 14 September 2002. Organised by the British Council, Singapore, the event enabled the Polytechnics to collaborate with UK universities to promote life sciences education in Singapore.
International Training ProgrammesTP continued to play an active role in conducting training programmes for Third World countries. Most of these were held jointly with the Ministry of Foreign Affairs (MFA) and international funding agencies.
A total of four such training programmes were conducted in the period of review and they brought to the Polytechnic 63 participants from 26 countries. Participating
countries included Belize, Cambodia, Cote D’Ivoire, East Timor, Ethiopia, Gambia, Indonesia, Jamaica, Lao PDR, Maldives, Malta, Mauritius, Mongolia, Myanmar, Namibia, Nepal, Pakistan, Palau, Philippines, Solomon Islands, Sri Lanka, Swaziland, Tonga, Thailand and Vietnam. Most of these programmes were assistance programmes on tourism management, targeted at tourism officials from these developing countries.
Delegation from the University of New South Wales, Australia, viewing a competency unit at the Temasek Engineering School.
International participants of the MFA-Tourism Management & Development Training Programme performing a song at the end of their course.
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International Training AttachmentsFor the second consecutive year, TP participated in the Education-Train-The-Trainers Programme, a high-level government initiative aimed at helping new member countries integrate faster into ASEAN through skills development and educational programmes. This year, TP hosted a total of four participants for one month of lecturer-attachment - two from Vietnam, one from Lao PDR and one from Cambodia. Three of the participants were attached to the Human Resource Management team
in the Temasek Business School while another was attached to the Visual Communication Department in the Temasek Design School.
For the first time, TP collaborated with the Japan International Cooperation Agency (JICA) and the Balaju Training Centre, Nepal, to host two Nepali training instructors for a 2-month training attachment on Power Electronics. Their hands-on learning at TP enabled them to bring home workable methodologies for integration into their own educational setting, and help them get started in drafting their own course curriculum.
In January 2003, IRIS and the Hospitality and Tourism Management Division of the Temasek Business School organised and facilitated a Tourism seminar for 15 tourism executives from the Riau Province of Indonesia. This programme was one of the several educational initiatives arranged by MFA for the Riau Provincial Government. A similar seminar was conducted in November 2002 for tourism executives from 12 developing countries.
In June 2002, five Business Communication lecturers conducted language proficiency training for teachers in Myanmar. The team worked closely with the Myanmar Ministry of Education as well as the Training and Education Planning Division.
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The Hotel Suite at TP is presented to participants of the Train-the-Trainers in Tourism Management Training Programme.
International participants of the English for Effective Communication Training Programme.
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With the right options,the opportunities are endless
Step 2 :Have theMissing Pieces
At TP, nurturing potential and talent isa prime goal. Our challenge is to traingraduates who are fit and ready toplay their roles in a changing economiclandscape, graduates with the rightattitudes and skill sets to performtheir best in the global arena.
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With the right options,the opportunities are endless
Step 2 :Have theMissing Pieces
At TP, nurturing potential and talent isa prime goal. Our challenge is to traingraduates who are fit and ready toplay their roles in a changing economiclandscape, graduates with the rightattitudes and skill sets to performtheir best in the global arena.
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Students involved in a peer-teaching session - one aspect of the problem-based learning approach which TP has been championing.
FAST
FAST is the acronym for Flexible Academic System for Temasek which was introduced in the academic year 2002/2003. This new academic architecture is aimed at producing quality graduates who will have a good grounding in the fundamentals, life skills, character and a thirst for continuous learning. It ensures that our graduates do not become obsolete in skills and knowledge while providing students with more choices to pursue their interests and drive their performance to new heights.
To encourage learning and to foster the spirit of lifelong learning among our students, the new system gives more choices to students to take up subjects beyond their field of study. Students can choose such cross-disciplinary subjects from any academic school and department in TP, subject to availability of places. In addition, some subjects are taught using electronic means such as online learning and e-learning where students can access the learning materials anytime and anywhere, using the Internet.
PROBLEM-BASED LEARNING
Problem-Based Learning (PBL) is a total approach to education that has been adopted and championed by TP. In 2001, TP became the only
educational institution to win The Enterprise Challenge (TEC) - Innovation Incubator Award for its proposal to develop a Problem-Based Learning education model for higher education in Singapore.
PBL not only develops skills for deep learning and acquiring of disciplinary knowledge bases, strong process skills and self-directed learning abilities. It also develops in learners the mental nimbleness to “learn, unlearn and relearn”. In acquiring this fundamental skill, our students are better equipped to meet the challenges of a dynamic future, beyond what they learn in their disciplines.
Temasek Centre for Problem-Based Learning (TCPBL)The Centre was set up in 1999 to establish a learning culture of problem-solving, entrepreneurial thinking, self-renewal and teamwork in TP. It promotes the adoption of PBL as a total approach to education across the schools and the Inter-disciplinary and
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TP’s PBL practitioners who took part in the Train-the-Trainer Programme conducted by Prof. Howard Barrows (front row centre) in Canada.
A student on internship in Thailand immerses himself in the local culture.
General Studies (IGS) department by integrating information from all disciplines through curriculum design, delivery, assessment and research. It also provides training and consultancy services in PBL. The Centre is supported by Associate Consultants who are PBL practitioners from the five Schools and IGS.
Developing Capability in PBLIn championing PBL, staff capability and experience in PBL have to be constantly enhanced. This is
accomplished through exposure to international developments in PBL as well as local workshops and seminars.
A team of keen PBL practitioners among the staff were selected to attend a ten-day PBL Train-the-Trainer Programme in Hamilton, Canada, conducted by Professor Howard Barrows in June 2002.
Locally, close to 500 staff attended a series of seven PBL workshops covering various aspects of PBL competencies conducted by Professor Don Woods of McMaster University, a well-known PBL practitioner and consultant.
LOCAL AND OVERSEAS STUDENT INTERNSHIP PROGRAMMES
In the year in review, 3,611 TP students went on industry attachments, both locally and overseas, to apply their knowledge and also gain hands-on experience in a real-life industry environment.
In line with the government’s call to “Go Global”, students are encouraged to perform their internship overseas. Despite the economic slowdown, a total of 94 students were sent to 13 countries for the Overseas Student Internship Programme. These countries included Australia, New Zealand, China, Finland, Hong Kong, Sri Lanka, Indonesia, Malaysia, Myanmar, Philippines, Thailand, UK and USA.
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Principal & CEO launching TP’s Digital Library Portal, SPARK.
Secure access to personal files anytime, anywhere, has been enabled by the ePoly initiative.
RIDING THE INFOCOMM TECHNOLOGY WAVE
Leveraging on developments in infocomm technology to increase productivity, interactivity and efficiency is a crucial strategy in providing TP with a competitive edge as an institution.
ePOLYePoly is TP’s initiative to offer its services online, including the delivery of its courses in a more effective, efficient and convenient way. The foundation of the IT infrastructure necessary for enterprise computing was firmly laid with the setting up of the High Availability Data Centre inthis period of review. Enterprise computing was also given a further boost with the completion of theStorage Area Network Project,which enables TP to meet the increasing demand for data storage and capacity to support new growth and opportunities. Besides enabling an enterprise level central storage system, staff and students also enjoy the flexibility of securely accessing their personal files anytime and from anywhere.
The ePoly Portal, Student Information Portal and Digital Library Portal were launched in 2002. Besides the new look and feel and navigation experience, the ePoly Portal has provided an integration platform for single-sign-on to the Student Portal and Digital Library Portal.
More services and processes were also automated in the year under review. The major ones included online recruitment and automated processing of recruitment workflow and online performance appraisal for staff. Services for students include the generation and viewing of student timetables, and online selection of cross-disciplinary subjects offered under FAST.
A Library for the FutureOn 21 November 2002, the Library migrated from its 10-year old Dynix library system to a new library system called the Aleph 500. Besides being the first Aleph installation in Singapore, the Library also joined the league of established universities such as Massachusetts Institute of
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Student DJs at work at the new MediaBiz Radio and TV Studios.
The newly renovated training kitchen, equipped withstate-of-the-art facilities.
Technology and Harvard University with the concurrent implementation of Metalib search and SFX technology. This was only the start of many changes for the Library as it innovates and evolves to anticipate and meet the increasingly sophisticated information needs of the academic community. The TP Digital Library Portal, SPARK, was launched officially on 2 December 2002. With it, students and staff can access information and learning resources anytime, anywhere.
ENHANCING OUR FACILITIES
At TP, our laboratories and training facilities are constantly upgraded and new ones built to meet new requirements. This ensures that students
receive hands-on and industry-relevant training.
Two such new facilities were built in the year in review. The first is the MediaBiz Radio and TV Studios, built to support the curriculum needs for the Diploma in Communications & Media Management. The construction of this state-of-the-art facility was completed in December 2002. The studios are equipped with the latest in broadcast technology equipment enabling students to produce their own TV programmes as well as broadcast on campus radio programmes, live from the studios.
The other facility is the iLaw Chambers, which is a mock law office that provides Law & Management students with an opportunity to understand the complete workflow of a law office. Students also learn how to use and operate the latest application software in the iLaw Chambers.
The Library also embarked on a major upgrading project on 17 March 2003, to enable it to move beyond its role as an academic resource provider to one that promotes lifelong learning. A “Life-Style” floor is also in the making, to provide users with the environment and resources for continuous learning beyond the scope of textbook education.
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CARING FOR OUR ENVIRONMENT
In January 2003, TP became the first institution to use NEWater for its air-conditioning cooling towers. This practice helped the Polytechnic to reduce its water bills by about $16,000 per year. The project, conducted jointly with PUB, was successfully completed within six months.
Between June 2002 and October 2002, TP implemented several energy-conservation initiatives campus-wide to reduce energy bills, which constitute a major portion of the expenditure. Staff were also reminded to continue adopting energy-saving practices for computers in offices and laboratories.
A WIDER FIELD
At TP, the field of play is certainly larger than the physical campus. Our staff and students consciously seek to play their part in community service and in sharing their knowledge and abilities with others.
Workshops for Teachers and the PublicStaff from the Temasek Applied Science School were invited by the Ministry of Education to conduct an enrichment workshop for Home Economics teachers. The four-session workshop, “Creativity With Food”, introduced the teachers to the concept of Food Product Development, a field of expertise at TP.
In April 2002, the Temasek Language Centre (TLC), in collaboration with the National Library Board, conducted workshops for members of the public for the “Speak Good English Movement”. In May 2002, the TLC conducted a workshop for Japanese language teachers in Singapore.
The Temasek Information Technology School responded to the public demand for more specialised courses, workshops and seminars in the field of information technology and information management. Its lecturers conducted courses aimed at equipping practising professionals with the critical knowledge and skills required to design, build and maintain networks as well as to develop multimedia web applications. Workshops on the techniques
The capable team behind the successful implementation of the use of NEWater in TP’s air-conditioning cooling towers.
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involved in cataloguing Internet resources and marketing information services were also conducted.
Helping the Less PrivilegedTP staff continued to lend their support to the SHARE programme, managed by the Community Chest of Singapore. For its staff participation, the Polytechnic was given the Gold Award in 2002.
TP students also worked on projects targeted at helping the less privileged. A leg trainer, developed by final year Mechatronics students to help the
handicapped adapt to an artificial leg, was donated to Mt Alvernia Hospital’s Rehabilitation Centre in Oct 2002. The leg trainer developed by the students is cheaper, lighter in weight and reconfigured to suit the Asian limb better than available models.
Our students also participated in nation-wide charity efforts. Using 1,200 water bottles, Mechatronics and Product Engineering students built a raft that was used by MediaCorp artistes in the “True Hearts” charity drive held at Toa Payoh Swimming Complex on 24 November 2002, one of the events that helped raise more than $2 million for the Community Chest. In the well-publicised Million Dollar Duck Race to raise funds for various charities, two mechanised ducks made by staff and students from Temasek Engineering School led the way for about 124,000 toy ducks which floated down the Singapore River to a Guinness World Record in November 2002.
Third-year Apparel Design and Merchandising students and staff took part in a charity drive in aid of the Singapore Association for the Deaf, where they sold food, accessories and manicure services, to raise close to $4,000. TP students also built websites for community centres in Singapore, The Changi Museum Pte Ltd and the Alzheimer’s Disease Association. They also redesigned, built and maintained the President’s Challenge website.
Temasek Engineering School’s robotic duck led the fund-raising pack.
Students building the raft made of recycled materials for Mediacorp artistes in the “True Hearts” charity drive.
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Saving Endangered WildlifeTesting both their physical and mental fibre, a group of 25 students embarked on a 21-day expedition to the Tabin Wildlife Reserve in Sabah, East Malaysia. This project was organised by TP and supported by the Zoological Gardens, SOS Rhino Borneo and the Singapore International Foundation. During the expedition, the TP students worked alongside the professionals in their bid to stem the extinction of the highly endangered Sumatran Rhinoceros.
A Community PresenceIn September 2002, ten Temasek Design School students decorated two columns that stand outside the Tampines MRT station. Working through one week of their vacation, from midnight till six in the morning, the mural is visible evidence of the students’ presence in the community and their desire to contribute to it. Early Networking With Industry PlayersTP students are encouraged to network in the communities of their chosen fields to prepare them for a smoother entry into industry. Staff and students foster relationships at different levels through various activities.
The Law & Management Division hosted the annual Law Fraternity Games involving the Law Society of Singapore, the Judicial and Legal Officers Association, the Board of Legal Education and the National University of Singapore Law Faculty in September 2002.
TP students measuring the prints left by the endangered Sumatran Rhino at the Tabin Wildlife Reserve, Sabah.
Design students working hard at bringing a mural to life at Tampines MRT station.
Temasek Business School students and the Association of Small and Medium Enterprises jointly formed a marching contingent for the National Day Parade 2002 and performed in the National Education show organised in conjunction with National Day.
ENHANCING WORKFORCE EMPLOYABILITY
TP continues to participate actively in Singapore’s push for lifelong learning in providing relevant courses that will sharpen the competitive edge of adult learners and organisations. More courses were introduced in this financial year to provide training opportunities for more participants.
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First day of class for participants taking a Skills Redevelopment Programme course.
International students add cultural vibrance to campus life.
During the year in review, the Continuing Education Centre introduced six new part-time certified courses. These are the Certificate in Computers and Networking, Certificate in Library and Information Management, Diploma in Library and Information Management, Specialist Diploma in Info-Communications, Specialist Diploma in Photonics and Specialist Diploma in Wireless Application Development.
The Centre also offered Skills Redevelopment Programme courses. Some of the major clients included the Chinese Development Assistance Council, the Ministry of Defence, Singapore Airport Terminal Services Ltd and the Housing and Development Board. The 12 courses offered
in this period of review benefited 307 participants, with the more popular courses being those that dealt with entrepreneurship and supply chain management.
Public-run short courses, as well as customised courses offered under the umbrella of “Temasek Extension Programmes”, were also well received. 30 public-run short courses for 543 participants were conducted. The more popular of these included “Create and Manage Your Website in 24 Hours”, “Effective Supervisory Skills” and the “SAT Preparatory Course”. In addition, 40 customised courses were conducted for 1,101 professionals from various companies and government agencies. Some of the clients included the Ministry of Education, Matsushita Electronic Components (S) Pte Ltd, Citibank, ICI Paints (Asia Pacific) Pte Ltd, American International Assurance Co. Ltd, Institute of Public Administration & Management and Singapore Airlines Limited.
AN INTERNATIONAL COMMUNITY ON CAMPUS
International students contribute greatly to the cultural diversity and richness of student experience at TP. Those enrolled for the academic year 2002/2003 came mainly from nearby countries such as India, China, Myanmar and Vietnam. TP continued with its efforts to provide international students with a caring environment. Immersion programmes were organised for new international students to facilitate a smooth cultural and
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TP’s international students entertaining residents of the Kampung Senang Senior Activity Centre.
The record-breaking crystal named ‘Titanic’ submitted by Temasek Applied Science School students for the Fifth National Crystal Growing Challenge.
academic transition to Singapore and TP, and to foster bonding among the new students.
Participating in community service enables international students to better understand the social aspects of the Singapore community. More than 350 students were involved in community service activities involving organisations such as the Retired and Senior Volunteers Programme (RSVP), Kampung Senang Senior Activity Centre, St Luke Elder Care Centre, and Leng Kwang Youth Centre.
OUR STAR PLAYERS - STUDENT ACHIEVEMENTS
The strategic moves undertaken by TP certainly reaped their rewards. TP students participated and succeeded in many nation-wide and international competitions that showed their innovation, creativity and rigour of training.
On Local GroundIn April 2002, staff and students from the Diploma in Hospitality Management won four silver and five bronze awards at the Hotel & Food Asia 2002 Culinary Challenge. In addition, the Dream Team, comprising both staff and students, came up as the first runner up in the Apprentice Team Challenge, after the Conrad International Centennial Hotel. At the same event, three Interior Architecture & Design students were awarded the top three prizes in the Hotel Suite Design Competition.
At the second annual Crowbar Awards, a gala annual advertising event, Temasek Design School students continued the domination they showed in the previous inaugural year. They took home 19 prizes, including the prestigious Best of Show Award in Aug 2002.
In September 2002, two Temasek Applied Science School students won the Meritorious Award in the Senior Category at the Fifth National Crystal Growing Challenge, with their submission of a crystal, “Titanic” with a record-breaking length of 23 cm.
TP launched its first cookbook entitled “Cooking Up A Dream” in December 2002. This cookbook
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A first for TP - a cookbook by Hospitality students which was also a charity project.
puts together a series of 24 original recipes, including prize winners, created by TP’s Hospitality students. It also reflects the goals and aspirations of these students. ‘Cooking up A Dream’ is also a charity project with proceeds going towards helping less fortunate students, as well as a charitable organisation.
TP students’ innovative ideas are consistently recognised via the Tan Kah Kee Young Inventors Award. Projects by Engineering students in March 2003 secured a Silver, two Merit, and two Commendation awards in the Open Category, as well as one merit and one commendation award in the Defense Science Award.
International Achievements Students from Temasek Applied Science School also did TP and Singapore proud when two of their three submissions in the Novation Starch Product Development Challenge 2002 won the Grand Prize of US$1,000 each. The competition was open to undergraduates and graduates of food science and technology students in the Asia Pacific region.
A team of Marketing students from Temasek Business School emerged as the Regional Champion for the Asia Pacific region in the International Advertising Association’s annual student advertising competition. The competition allowed the students to benchmark themselves against international institutions of higher learning.
An Interactive Media Design student won an award in the British Design & Art Direction Student Awards 2002 - Website Design category. This prestigious annual award recognises the best in student design in the fields of advertising and communications.
Another design student won first prize at the Asia Pacific Interior Design Awards: Student Category, and two other TP students received honourable mentions. The Awards were presented by the Asia Pacific Interior Design Association, Hong Kong.
Silver award winners of the Tan Kah Kee Young Inventors’ Award with their project, “Highway Shoulder Watch”.
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Stepping up to the next level
Step 3 :Create theRight Balance
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Education is a team endeavour, in whichevery player plays a critical role. TP believesin capability development, training its peopleto achieve their peak performance andinvesting in the best talents. Training isprovided to all levels of staff, an investmentthat keeps them abreast of developmentsin their fields. With the acquisition ofrelevant skills and new knowledge, theorganisation as a whole stays connectedand retains its competitive edge in the globaleducation network.
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Stepping up to the next level
Step 3 :Create theRight Balance
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Education is a team endeavour, in whichevery player plays a critical role. TP believesin capability development, training its peopleto achieve their peak performance andinvesting in the best talents. Training isprovided to all levels of staff, an investmentthat keeps them abreast of developmentsin their fields. With the acquisition ofrelevant skills and new knowledge, theorganisation as a whole stays connectedand retains its competitive edge in the globaleducation network.
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Staff commitment is recognised at the Long Service Award Presentation Ceremony
Staff using exercise facilities at the popular HeartBeat gym.
LONG-SERVICE AWARD
Forty-eight dedicated staff received the 10-year Long Service Award for their contributions to the Polytechnic in July 2002. This was the second 10-year Long Service Award ceremony for the Polytechnic. Of the recipients, 30 were academic and 18 were non-academic staff.
IN PURSUIT OF EXCELLENCE
As an organisation that focuses on continuous improvement, TP is committed to organisational excellence and the ensuing development of its staff.
PS21 ExCEL Convention 2002The PS21 ExCEL Convention was organised by the Ministry of Home Affairs, Prison’s Department. It was held over four days in November at the Singapore Expo Conference Halls. TP was invited to send four teams to present their projects. Two staff teams and two student teams participated and obtained a total of one gold, two silver and one bronze awards.
Singapore Quality ClassTemasek Polytechnic has been admitted into the Singapore Quality Class (SQC), which is administered by SPRING Singapore, since 1999. The SQC scheme serves to accord recognition to organisations that have attained a commendable level of performance against the Singapore Quality Award model, and to assist them in reaching world-class standards of excellence.
NURTURING ALL-ROUNDERS
Commitment to Staff WellnessTP recognises that staff wellness contributes greatly to organisational excellence. In this period of review, 23 talks and workshops were held for staff and their family members. Many of these programmes were organised jointly with the TP branch of the Amalgamated Union of Public Employees and the TP Staff Association.
Blisspoint, the staff centre, continued to be well-utilised for both official and personal functions. The staff gym, HeartBeat, attracted an average of 350 users per month. Overall, participation in wellness activities soared from 31 percent in 1998 to 87 percent in 2002. The Polytechnic was presented with the Singapore H.E.A.L.T.H. Award (Silver) for the fourth consecutive year by the
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Training and Developing Our StaffTP’s training expenditure as a percentage of payroll was 3.5 percent for 2002/2003, with average training hours per staff at 98 hours, above the target of 95 hours set for TP staff.
A total of 678 in-house training programmes were organised for all levels of staff covering areas in Teaching, Curriculum Development, Information Technology, Communication, Personal and Interpersonal Effectiveness, and Problem-Based Learning in the period of review.
As part of TP’s continuing effort to develop and expose its staff regionally and globally, 110 staff members went on overseas training trips
in FY2002. In addition, eight staff were awarded scholarships for postgraduate programmes, two staff went for industrial attachments and two others were granted sabbatical leave to the University of Western Australia and the George Washington University.
TP was re-certified as a People Developer organisation in September 2002. The three-year national certification gives recognition to organisations that bring out “the best in people for better business results”.
eLNAThe Online Learning Needs Analysis (eLNA) system was developed and launched in 2002 to complement the existing Staff Training System. The inputs from eLNA were used to draw up the Total Learning Plan for FY 2002/2003, which in turn provided the required number of training places to meet the learning needs of staff based on the competencies identified. The training places allocated included training activities such as in-house courses, local and overseas courses, certificate and scholarship programmes, and industrial attachments.
Staff members were also developed under our core programmes for competencies that reflect the strategic thrusts and values of the Polytechnic. These included “7 Habits for Highly Effective People”, “Teaching in Higher Education Certificate” and “Helping Skills for Care Persons”.
TP received the People Developer Award from Mr Lim Boon Heng, Minister, Prime Minister’s Office.
Academic staff undergoing an in-house training session conducted by the Staff and Educational Development Division.
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Mr Hawazi Daipi speaking to participants at the Sixth Annual Staff Development Conference.
Academic Staff DevelopmentThe Staff and Educational Development Division of the Human Resource & Staff Development Department is responsible for the professional staff and educational development programmes. The programmes are organised within two learning pathways called “Entering the Induction Process Pathway” and “Developing Professional Identity Pathway”.
Master of Education, University of SheffieldTo date, 18 lecturers have completed the programme, with 14 others currently working on their dissertation.
Sixth Annual Staff Development Conference 2002With the theme “Nature, Nurture, Nourish”, 450 TP staff attended the sixth Annual Staff Development Conference that was held from 22 to 23 October 2002. The theme focused on how TP could help nourish and nurture the intrinsic natural qualities of a person and is testimony to the importance TP places on its staff by providing learning and sharing opportunities to foster their growth and development. The Guest of Honour was Mr Hawazi Daipi, Parliamentary Secretary, Ministry of Education. Keynote addresses were delivered by Professor Liz Beaty, of Coventry University, UK, and Professor Stephen Towers, Queensland University of Technology, Australia.
Fostering Academic Mentoring Excellence (FAME) The mission of the FAME network is to build a community of mentors in TP whose primary responsibility is to role model as well as guide, advise, counsel, and support their protégés in best and innovative educational principles and practices. During the period April 2002 to March 2003, a total of 24 experienced staff were appointed mentors to 27 new lecturers.
EMERGENCY PREPAREDNESS
In the pursuit of providing a safe and secure working environment both in peacetime and during a national emergency, Temasek Polytechnic has drawn up a set of Standard
Staff get hands-on experience during the Evacuation Drill cum Fire Fighting Demonstration.
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“Fascination”, an exhibition held at the Singapore Art Museum, by TP lecturer in Visual Communication, Terence Yeung.
Eileen Phua (front row, second from right) does Singapore and TP proud at the Expogast 2002 in Luxembourg.
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EOperational Procedures (SOP) that will prepare TP to respond effectively and to cope with unanticipated incidents emergencies.
Temasek Polytechnic’s Emergency Planning Task Force (EPTF) was set up in October 2001 to prepare, launch and exercise the emergency system poly-wide on an ongoing basis. All Schools and most departments conducted the mandatory annual Evacuation Drill cum Fire Fighting Demonstrations during this year. OUR STAR PLAYERS - STAFF ACHIEVEMENTS
Many TP staff did the Polytechnic proud with their involvement in various international conferences,
award-winning ideas and excellent achievements in their respective fields.
Excellence on the World Stage TP’s Chef Trainer, Eileen Phua, represented Singapore at the Expogast 2002, the Culinary World Cup competitions held in Luxembourg in November 2002. The Singapore team came in third position out of the 31 participating countries. The team also won the gold and the silver medals in two categories.
Exhibiting TalentsTP’s talented Visual Communication lecturers were actively involved in several exhibitions of their works. Between 2 and 31 June 2002, Terence Yeung was curator for an exhibition entitled ”Fascination” at the Singapore Art Museum where he also exhibited his work.
From 29 May to 29 June 2002, Visual Communication lecturers, Chow Chee Yong, Richard Rayner-Canham and Terence Yeung exhibited their works with other photographers in an exhibition called “Donation Foundation NSM-Vie & Young Singaporean Photographers” at the MITA Building and Soo Bin Art Gallery. The event was organised in conjunction with the Singapore Arts Festival.
Photography lecturer, Chow Chee Yong also held a solo exhibition entitled “Photo Synthesis Dreams” at Artfolio Space at Raffles Hotel.
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CorporateInformationTemasek Polytechnic Administration Committee 35
School Advisory Committees 36
Senate 40
Universities Offering Advanced Standing 41
Scholarships 44
Academic Award/Prize Sponsors 45
Student Intake & Enrolment by School 48
Student Intake & Enrolment by Diploma 50
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ChairmanMr Lim Kok Min, JohnChairmanSenoko Power Ltd
MembersMr Boo Kheng HuaPrincipal & CEOTemasek Polytechnic
Mr Chan Yeng KitDeputy Secretary (Policy)Ministry of Education
BG Loh Wai KeongCommander, 3rd DivisionAFPN 1002Ministry of Defence
Dr Toh See KiatChairmanGoodwins Law Corporation
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TEMASEK APPLIED SCIENCE SCHOOL ADVISORY COMMITTEE
ChairmanDr Loh Wah SingDirector (Business Development)Institute of High Performance Computing
Deputy ChairmanMrs Soon-Ong Meng WanDirectorTemasek Applied Science SchoolTemasek Polytechnic
MembersMr Abel AngHeadMedical TechnologyBioMedical SciencesEconomic Development Board
Ms Ang Hui GekDirectorAllied HealthSingapore General Hospital
Mr Leslie John CheongDirectorFood Supply & Technology DepartmentAgri-Food & Veterinary Authority
Mr Chua Song KhimChief Executive OfficerNational University Hospital
Dr Ing Roberto GardellinSite DirectorAventis Pharma Mfg Pte Ltd
Mr Francis Goh Nyang KuangManaging DirectorUnicurd Food Company (Pte) Ltd
Assoc Prof Lee Chee WeeDepartment of PhysiologyFaculty of MedicineNational University of Singapore
Mr Tom MadilaoGeneral Manager (Technical)Chevron Oronite Pte Ltd
Assoc Prof Pua Eng ChongHeadPlant Genetic Engineering LaboratoryDepartment of Biological SciencesNational University of Singapore
Up to 1 August 2003
Mr Foo Check WooGroup ManagerScientific ServicesNestle R&D Centre Pte Ltd
Mr Lee Chow KuanSupply Chain ManagerThe Polyolefin Company
Dr Lin YueMedical Affairs DirectorMedical Affairs DepartmentGlaxoSmithKline
Ms Loh Chin SiewHeadBioMedical Sciences DivisionEconomic Development Board
Dr Kannappan ThangarajDirectorSynthesisSchering-Plough Ltd
TEMASEK BUSINESS SCHOOL ADVISORY COMMITTEE
ChairmanMr Zulkifli BaharudinManaging DirectorVan Esch Logistics (Asia) Pte Ltd
Deputy ChairmanMr Yeo Li Pheow DirectorTemasek Business SchoolTemasek Polytechnic
School AdvisoryCommittees
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TEMASEK DESIGN SCHOOL ADVISORY COMMITTEE
ChairmanMs Su YeangChief Executive OfficerCitigate Su Yeang Design Pte Ltd
Deputy ChairmanMr Moses Wong Chiat Chang DirectorTemasek Design SchoolTemasek Polytechnic
MembersMr Andrew ChengVice President, Production ServicesMediacorp Studios Pte Ltd
Mr Benjy ChooDesign PartnerKinetic Advertising And Interactive
Mr Low Cheaw HweiSenior Global Account DirectorSenior Global Design DirectorPhilips Electronics Singapore Pte Ltd
Mr Patrick LowExecutive Creative DirectorDentsu Young & Rubicam
Mr Derek MackenziePartnerDesignphase
Mr Simon OngGroup Executive DirectorKingsmen International Pte Ltd
Mr Desmond SimManaging DirectorThe Green House
Mr Nigel SmithManaging DirectorDesign In Action (S) Pte Ltd
Mr Sebastian TanManaging Director/Principal PhotographerShooting Gallery/Wishing Well
MembersMr Chelva Retnam Rajah, SCSenior PartnerTan Rajah & Cheah
Assoc Prof Hwang Soo ChiatAssociate Professor School of AccountancySingapore Management University
Mr Neil JacobsSenior Vice President, Operations Four Seasons Hotels and Resorts Asia Pacific
Mr Kon Yin TongManaging PartnerFoo Kon Tan Grant Thornton
Dr James LohManaging ConsultantUnidegree Consultancy
Dr Chitra RajaramEditor, Tamil MurasuSingapore Press Holdings Ltd
Mr Seah Liang ChiangManaging DirectorDSC Holdings Pte Ltd
Mr Tan Soo JinManaging DirectorGattie-Tan Soo Jin Management Consultants Pte Ltd
Mr Yap Puay BengBusiness Development Consultant (Tourism)Pacific Century Cyber Works
Up to 1 June 2002
Mr Naresh Mahtani DirectorUniLegal Limited Liability Corporation
Ms Tan Beng Tee DirectorInternational Singapore Companies GroupInternational Enterprise Singapore
36
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Mr Daniel YamDirectorAdvance Apparel Pte Ltd
Mr Yeo Chung SanManaging DirectorLawton & Yeo Design Associates Pte Ltd
Up to 31 August 2002
Mr Barry Hill Regional DirectorDavenport Campbell (S) Pte Ltd
Mr Chris L C KohDirectorPacific Garment Manufacturing Pte Ltd
Mrs Celia LoeDirectorFirst Stop Pte Ltd
Mr Mok Wei Wei Managing DirectorWilliam Lim Associates
Mr Yong Poh ShinManaging DirectorRoyal Selangor (S) Pte Ltd
TEMASEK ENGINEERING SCHOOL ADVISORY COMMITTEE
ChairmanMr Seah Moon MingPresidentST Electronics Ltd
Deputy ChairmanMrs Lay-Tan Siok LieDirectorTemasek Engineering SchoolTemasek Polytechnic
MembersCOL (NS) Larry Ang Project DirectorBioInformatics Institute & Secretariat BioMedical Grid Task Force
Dr Lap ChanR&D DirectorChartered Semiconductor Manufacturing Ltd
Mr Cheah Chow SengVice President & General ManagerWorldwide Manufacturing Imaging & Printing SystemsHewlett-Packard Singapore (Pte) Ltd
Dr Chia Kay Hua, JeremyManaging DirectorUtopia Group of Companies
Dr Chong Chee LeongChief Executive OfficerSATA
Mr Chue Fook CheeSenior Vice PresidentM&E Engineering DivisionCPG Consultants Pte Ltd
Prof Kam Chan HinVice-Dean (Academic)School of Electrical & Electronic EngineeringNanyang Technological University
Mr Koh Whatt HinDirector of EngineeringHDD EngineeringHitachi Global Storage Technologies Singapore Pte Ltd
Mr Kon Yin TongManaging PartnerFoo Kon Tan Grant Thornton
Mr Andrew LimRegional DirectorEducation and Research, Asia SouthSUN MicroSystems Pte Ltd
Prof Lun Kwok ChanProfessor & Vice-Dean (Academic) and President, International Medical Informatics Association School of Biological SciencesNanyang Technological University
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Dr Leong Mun KewResearch Leader, New InitiativesLaboratories for Information Technology
Mr Lo Yoong KhongDeputy Director, Manpower DevelopmentInfocomm Development Authority of Singapore
Mr Seah Chin Siong Country Managing DirectorAccenture Pte Ltd
Assoc Prof Teh Hung Chuan Assistant Dean (Undergraduate Programme)School of ComputingNational University of Singapore
Mr Michael TohPresident & CEOAcepio Pte Ltd
Mr Thomas YongDirector (for Government & Education)Cisco Systems (USA) Pte Ltd
Up to 31 July 2002
Mr Raymond Lim DirectorCorporate ServicesNational Library Board
Mr Jimmy Yeoh IT ManagerDHL International (S) Pte Ltd
Up to 31 August 2003
Mr Robert TanManaging DirectorPericon.com Pte Ltd
Mr William ClaxtonChief Executive OfficerOpenAsia Solutions Pte Ltd
Mr Phoon Wai MengGeneral ManagerAgilent Technologies (S) Pte Ltd
Mr Wee Kim Tien, ChristopherDirector of EngineeringIMT Pte Ltd
Mr Wu Tek MingChief Executive OfficerPSB Certification Pte Ltd
Up to 1 August 2002
Mr Pang Toh KangDeputy CEOBusiness DivisionCPG Corporation Pte Ltd
Mr Tan Tong HaiPresident/CEOPacific Internet Limited
TEMASEK INFORMATION TECHNOLOGY SCHOOL ADVISORY COMMITTEE
ChairmanMr Saw Ken WyeGeneral ManagerCommunications Sector(APAC, Greater China and Japan)Microsoft Operations Pte Ltd
Deputy ChairmanMr Tan Dek YamDirectorTemasek Information Technology SchoolTemasek Polytechnic
MembersMr Keith BudgeManaging DirectorOracle Systems S.E.A. (S) Pte Ltd
Dr Foong Wai KeongPresident & CEOEcquaria Technologies Pte Ltd
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ChairmanMr Boo Kheng HuaPrincipal & CEO
Deputy ChairmanMr Ang Keng LooDeputy Principal
SecretaryMs Sharon Soh Eng KhimRegistrar and Director Student and Alumni Affairs
Permanent MembersMrs Soon-Ong Meng WanDirectorTemasek Applied Science School
Mr Yeo Li Pheow DirectorTemasek Business School
Mr Moses WongDirectorTemasek Design School
Mrs Lay-Tan Siok LieDirectorTemasek Engineering School
Mr Tan Dek YamDirectorTemasek Information Technology School
Appointed Members Mr Edmond KhooDeputy Principal
Mrs Sally Chew-Ong Gek TeeDirectorInternational Relations & Industry Services
Mr George Yap Giok SengDirectorContinuing Education Centre
Mr Lim Thim VengManagerEducational Quality Systems Elected Members Ms Corinne TanSection HeadTemasek Applied Science School
Ms Sylvia LimSection HeadTemasek Business School
Ms Bina BhattacharyyaLecturerTemasek Design School
Mr Chan Kim KaiCourse ManagerTemasek Engineering School
Mr Ng Koon SengManagerTemasek Information Technology School
Senate
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AustraliaUniversity of Adelaide Australian National University (ANU) Australian Maritime College University of Canberra Central Queensland University Curtin University of Technology Charles Sturt University Deakin University Edith Cowan University Flinders University Griffith University International College of Hotel Management James Cook University La Trobe University Macquarie University University of Melbourne Monash University Murdoch University University of New England University of New South Wales University of Newcastle University of Queensland Queensland University of Technology (QUT) Royal Melbourne Institute of Technology (RMIT) University of Southern Queensland Southern Cross University Swinburne University of Technology University of South Australia University of Sydney University of Tasmania University of Technology, Sydney University of Western Australia University of Wollongong Victoria University of Technology University of Western Sydney CanadaUniversity of Alberta # University of Lethbridge McMaster University
Okanagan University College Simon Fraser University University of Victoria Ryerson University University of Toronto
United KingdomUniversity of Aberdeen University of Abertay Dundee Anglia Polytechnic University Aston University University of Bath University of Birmingham Birmingham College of Food, Tourism & Creative Studies University of Bournemouth University of Bristol University of Bradford University of Buckingham Central St Martins College of Art & Design Coventry University University of Central England in Birmingham University of Central Lancashire City University De Montfort University University of Dundee University of East Anglia University of East London University of Edinburgh University of Essex University of Exeter University of Glamorgan University of Glasgow Glasgow School of Art University of Greenwich University of Huddersfield Heriot-Watt University University of Hull University of Kent at Canterbury Kent Institute of Art & Design
Universities OfferingAdvanced Standing
SEN
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Kingston University Lancaster University University of Leeds Leeds Metropolitan University University of Leicester University of Lincoln UMIST University of Liverpool University of London: Guildhall University of London: King’s College University of London: Queen Mary University of London: Royal Holloway University of London: University College London College of Fashion London College of Printing Loughborough UniversityUniversity of Luton University of Manchester Manchester Metropolitan University Middlesex University Napier UniversityUniversity of Newcastle (Upon Tyne) University of Northumbria at Newcastle University of North London University of Nottingham Nottingham Trent University Oxford Brookes University University of Paisley University of Portsmouth Queen’s University BelfastUniversity of Reading Robert Gordon University Royal College of ArtUniversity of Salford University of Sheffield South Bank University University of Southampton Staffordshire UniversityUniversity of Stirling University of Strathclyde University of Sunderland University of Surrey
University of Sussex Thames Valley University University of Ulster University of Wales, Aberystwyth University of Wales, Cardiff University of Wales, Swansea University of Warwick University of Westminster University of Wolverhampton
The following British Universities accept our Law & Management graduates into the First Year of their Law degree:
University of Birmingham University of Durham University of Exeter University of Leicester University of London: King’s College University of London: University College London School of Economics University of Southampton
United States of AmericaArt Center Arizona State University# University of BridgeportCalifornia State University, FresnoCarnegie Mellon University Cogswell College of Art Fairleigh Dickinson University Georgia College & State University# University of Hawaii University of Hawaii, Hilo Hawaii Pacific University Indiana University, Purdue University, Indianapolis (IUPUI) Johnson & Wales University Linfield CollegeMichigan Technological University Marquette University University of Maryland - College Park#
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University of Northern Iowa North Dakota State University Ohio State University# Parsons School of Design Pratt Institute Rhode Island School of Design San Francisco Design Academy Savannah College of Art and Design Syracuse University Southern California Institute of Architecture (SCI-ARC) State University of New York - OswegoState University of New York - GeneseoState University of New York - Buffalo South Dakota State UniversityThe School of The Art Institute of Chicago University of TampaUniversity of Toledo University of Wisconsin - Stevens PointUniversity of Wisconsin - Stout Washington State University Wichita State University
Finland Vaasa Polytechnic
Germany State Academy of Fine Arts Stuttgart
Holland Einhoven Design Academy (The Design Academy)
Hong Kong SARCity University of Hong Kong
Italy Domus Academy
MauritiusUniversity of Mauritius
New ZealandUniversity of Auckland University of Canterbury Lincoln University Massey University University of Otago University of Waikato Victoria University of Wellington
SwedenUMEA Academy, Institute of Design
Switzerland Swiss Hotel Association, Hotel Management School at Les Roches International Hotel Management Institute, Lucerne International Tourism Institute, Lucerne University Centre Cesar Ritz
Professional BodiesBritish Computer SocietyChartered Institute of Management Accountants (CIMA), UKAssociation of Chartered Certified Accountants (ACCA), UKChartered Institute of Marketing (CIM), UKInstitute of Legal Executives (ILEX), UKSingapore Association of the Institute of Chartered Secretaries & Administration (SAICSA)
Note:
This is only a listing of universities and professional bodies
which have offered advanced standing and accreditation to
Temasek Polytechnic in writing. Students are advised to check
with the relevant professional bodies and government agencies
on recognition of the qualification before deciding on a university
of choice.
#As a general rule, for North American universities that do not
enter into institutional agreement with us on credit exemptions
and transfer arrangements, most of them welcome applications
from TP students who will be evaluated on a case-by-case
basis.
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Scholarships
CPG Corporation ScholarshipCSA Automated ScholarshipDBS Bank ScholarshipDelgro ScholarshipHitachi Global Storage Technologies Singapore Pte Ltd ScholarshipHyflux ScholarshipKolam Ayer Welfare FundLee Kuan Yew Scholarship to Encourage Upgrading (LKY-STEP) AwardMicron Technology Foundation ScholarshipMountbatten Constituency CCC ScholarshipNational Association of Travel Agents Singapore ScholarshipNational Transport Workers’ Union ScholarshipNgee Ann Kongsi Tertiary ScholarshipNTUC Fairprice ScholarshipPrima ScholarshipSBS Transit ScholarshipSIM-RMIT ScholarshipSINDA ScholarshipSingapore Food Industries ScholarshipSingapore Hokien Huay Kuan Tertiary ScholarshipSingapore Press Holdings Art Diploma ScholarshipSingapore Training And Development Association ScholarshipSMC Pneumatics ScholarshipTay Eng Soon ScholarshipTNT Express Worldwide (S) Pte Ltd ScholarshipUMW Equipment & Engineering ScholarshipUOB Group ScholarshipScholarship Sponsored by GE Commercial Financing (S) Ltd
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Conrad Centennial SingaporeConsumers Association of SingaporeCoriander Leaf Pte LtdCybron Technology (S) Pte LtdDaimlerChrysler South East Asia Pte LtdDHL International (S) Pte LtdDigital Scanning Corporation Pte LtdDrew & Napier LLCDuffy DesignDuPont Singapore Pte LtdDYR WundermanEdwin YeowEGL Eagle Global Logistics (S) Pte LtdEnkon InternationalEnspire Capital Pte LtdEON Reality, Inc.EPCOS Pte LtdExel Singapore Pte LtdFactiva - Dow Jones & ReutersFarnell Components Pte LtdFlexlink Engineers Pte LtdFoo Kon Tan Grant ThorntonFood & Beverage Managers’ AssociationFour Seasons Hotel SingaporeFriesland (Singapore) Pte LtdFrontline Technologies Corporation LtdG2000 Apparel (Singapore) Pte Ltd GBC Pte LtdGES Singapore Pte LtdGivaudan Singapore Pte LtdGlaxo SmithKline Beecham Pharmaceuticals (Pte) Ltd Global Airfreight International Pte LtdGrohe Pacific Pte LtdGwyndara InternationalHertz Asia Pacific Pte LtdHewlett Packard Singapore (Sales) Pte LtdHLB Loke LumHo Leng Woon Hoh & PartnersHon Soo TienHoneywell Pte LtdHong Leong Holdings LimitedHTL International Holdings LtdHuin Computer Systems Pte LtdHummingbird Asia Pte LtdHunter Douglas (Singapore) Pte LtdICI Paints (Singapore) Pte Ltd
Company3M Technologies (S) Pte LtdAbacus International Pte LtdAbacus Travel Systems Pte LtdAbrahamLow LLCAccenture Pte LtdAdecco Personnel Pte LtdAdvance Library Services Pte LtdAEC. Edu Group Pte LtdAgilent Technologies Singapore (Sales) Pte LtdAlan Shankar & LimAll Eight Marketing Services Pte LtdAllen & GledhillAllied Technologies (S) Pte LtdAmadeus GDS Singapore Pte LtdAmerican International Assurance Company Ltd.Amersham Biosciences LtdApex Publications ServicesAPP Systems Services Pte LtdASHRAE Singapore ChapterAsia Pacific Breweries (S) Pte LtdASPonline Co LtdAssociation of Singapore HousekeepersBasheer Graphic BooksBax Global Pte LtdBayview International Hotels & ResortsBluechips Technology Pte LtdBreadTalk Pte LtdBugis Junction Rotary ClubBureau Veritas Quality InternationalBusiness Trends (Singapore) Pte Ltd C.K. Tang LimitedCadence Design Systems (S) Pte LtdCast Laboratories Pte LtdCathay Pacific Airways LimitedCathay Photo Store (Pte) LtdCCW Associates Pte LtdCET Technologies Pte LtdChina National Tourist Office in Singapore for ASEAN CountriesChio Lim & AssociatesCisco Systems (USA) Pte. Ltd.Click IT Pte LtdCNA Engineers Pte LtdColin Ng & PartnersComfort Transportation Pte LtdCompaq Computer ASEAN
Academic Award/PrizeSponsors
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IEEE Reliability/CPMT/ED Chapter, SingaporeiGroup Asia PacificIndex-Cool Furniture Design & Construction Pte LtdInfo-communications Development Authority of SingaporeInformation Fusion Pte LtdInformation Technology Management Association (Singapore)Inland Revenue Authority of SingaporeInstitute of Certified Public Accountants of SingaporeInstitute of Chartered Accountants in AustraliaInstitute of Industrial Engineers SingaporeInterior Designers’ AssociationInternational Enterprise SingaporeIntranesis Communications Pte LtdJohn Wiley & Sons (Asia) Pte LtdKaruppan Chettiar & PartnersKeppel Communications Pte LtdKhattar Wong & PartnersKodak (Singapore) Pte LimitedKPMGKPMG Consulting Pte LtdLaboratories for Information TechnologyLe Meridien SingaporeLee Foundation, SingaporeLeica Instruments (Singapore) Pte LtdLes Clefs d’Or SingaporeLynn Jen Trading Co Pte LtdMacromedia South Asia Pte LtdMadhavan PartnershipMajlis Ugama Islam SingapuraMalay Village Pte LtdMalaysia Dairy Industries Pte LtdMallal & NamazieMAPICS (South Asia) Pte Ltd (formerly known as Frontstep (Singapore) Pte Ltd)Marina Mandarin SingaporeMeasurement & Metrology (S) Pte LtdMedia Development AuthorityMentor Graphics Asia Pte LtdMicrocircuit Technology Pte LtdMicron Semiconductor Asia Pte LtdMicrosoft Singapore Pte LtdMillennium & Copthorne International LimitedMinolta Singapore (Pte) LtdMitsui Bisphenol Singapore Pte LtdMKS Instruments, IncMobileOne Ltd
Moteco Asia Pte LtdMRL IndustriesNarera Inter-TradeNational Geographic Channel Production Singapore Pte LtdNational Instruments Singapore (Pte) LtdNestle Singapore (Pte) LtdNetlynx Communications Pte LtdNetrust Pte LtdNICAE Trading & Industrial SuppliesNikon Singapore Pte LtdNobel Design Holdings LimitedNTUC Fairprice Co-operative LtdNTUC Income Insurance Cooperative LimitedO’Connor’s Singapore Pte LtdOmron Electronics Pte LtdOnn Wah Precision Engineering Pte LtdOperational Research Society of SingaporeOracle Corporation Singapore Pte LtdOrdell Management Pte LtdOrient Express Lines (Singapore) Pte LtdPalakrishnan & PartnersPan Abrasives Pte LtdPansing International Library Services Pte LtdParametric Technology Singapore Pte LtdPATA Singapore ChapterPearson Education Asia Pte LtdPergo Asia Pacific Pte LtdPeter Knipp Holdings Pte LtdPeter Low Tang & Belinda AngPhilips Design Singapore Philips Electronics Singapore Private LimitedPic and Pixel Singapore Pte LtdPolo Ralph Lauren Sourcing Pte LtdPricewaterhouseCoopersPRIMA Research & Technologies Pte LtdQuest Technology (S) Pte LtdR. J. AssociatesRaffles International LimitedRaffles Marina LtdRavindran & AssociatesReal Estate Developers’ Association of SingaporeRed Shoe CommunicationsReed Exhibitions Pte LtdRJ Paper Pte LtdRobinson & Co. (Singapore) Pte LtdRohde & Schwarz Support Centre Asia Pte Ltd
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ACA
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SOR
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Texas Instruments Singapore (Pte) LtdThe Association of Chartered Certified AccountantsThe Chartered Institute of Management AccountantsThe Development Bank of Singapore LtdThe Institute of Legal ExecutivesThe Institution of Electrical Engineers Singapore The Institution of Engineers, SingaporeThe Law Society of SingaporeThe Mandarin SingaporeThe Moving Visuals Co. Pte LtdThe Polyolefin Company (Singapore) Pte LtdThe Shaw Foundation PteThe Shooting GalleryThe Singapore Association for Medical Laboratory SciencesThe Singapore Association of The Institute of Chartered Secretaries & AdministratorsThomson LearningThomson multimedia Asia Pacific Pte LtdTNT Express Worldwide (S) Pte LtdTrane SingaporeTrans-Link Express Pte LtdTTS Asia Learning Solutions Pte LtdTung Lok Millennium Pte LtdTyco Healthcare Pte LtdUniLegal LLCVoium Communications Pte LtdVopak Terminals Singapore Pte LtdVTEC Systems (Asia) Pte LtdWearnes International (1994) LtdWepco LtdWilliam Chai & RamaWincor Nixdorf Pte LtdWing Tai Clothing Pte LtdWorld Scientific Publishing Co Pte LtdWyeth Pharmaceuticals (Singapore) Pte LtdX-Tra Designs Pte LtdYeo Perumal Mohideen & PartnersYeo-Leong & Peh LLCYokogawa Engineering Asia Pte Ltd
SAF (Army)Schenker Singapore (Pte) LtdSchering Plough LtdSeksun Corporation LimitedSensFab Pte LtdSentosa Development Corporation Serono Singapore Pte LtdSetsco Services Pte LtdShell Eastern Petroleum (Pte) LtdSIA Engineering Company LimitedSin Hwa Dee Foodstuff Industries Pte LtdSingapore Academy of LawSingapore Anti-Tuberculosis AssociationSingapore Computer SocietySingapore Discovery Centre LtdSingapore Food Industries LimitedSingapore Furniture Industries CouncilSingapore Industrial Automation AssociationSingapore Institute of Food Science and TechnologySingapore Logistics AssociationSingapore Mathematical SocietySingapore Nutrition and Dietetics AssociationSingapore Quality InstituteSingapore Teachers’ UnionSingapore Technologies Engineering LtdSingapore Telecom Mobile Pte LtdSingapore Tourism BoardSingapore Training and Development AssociationSKF South East Asia & Pacific Pte LtdSKYCOM Satellite Systems Pte LtdSmitech (Asia) Pte LtdSolidvision Pte LtdSolomon Software (SEA) Pte LtdSomerville Singapore Pte LtdSPD Scientific Pte LtdST Assembly Test Services LtdSTMicroelectronics Pte LtdStone Forest IT Pte LtdSumitomo Chemical Asia Pte LtdSun Light Electronics Pte LtdSUN Microsystems Pte Ltd Systems on Silicon Manufacturing Co Pte LtdTan JinHwee, Eunice & Lim ChooEngTech Semiconductor Singapore Pte LtdTechsource Systems Pte LtdTechTown Pte LtdTelescience Singapore Pte LtdTemasek Polytechnic Co-operative Society LtdTempur Singapore Pte Ltd
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Temasek Applied Science School
1998/1999
1999/2000
2000/2001
2001/2002
2002/2003
Temasek Business School
1998/1999
1999/2000
2000/2001
2001/2002
2002/2003
Temasek Design School
1998/1999
1999/2000
2000/2001
2001/2002
2002/2003
400783
360934
3831083
4481143
4791261
10803060
10433101
12133256
11943407
12383603
270
285
288
290
309862
828
810
774
734
Student Intake & Enrolmentby School (Full-time Courses)
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STU
DEN
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TAK
E &
EN
RO
LMEN
T B
Y SC
HO
OL
Temasek Engineering School
1998/1999
1999/2000
2000/2001
2001/2002
2002/2003
Temasek Information Technology School
1998/1999
1999/2000
2000/2001
2001/2002
2002/2003
19545282
18875546
20145740
17515865
14385722
7221603
618
620
6931876
7041875
1900
1988
Intake
Enrolment
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Student Intake & Enrolmentby Diploma (Full-time Courses)
2002/2003 Intake EnrolmentTemasek Applied Science School Applied Food Science & Nutrition 124 327Biotechnology/Biomedical Science 164 174 Biotechnology - 91 Biomedical Science - 140 Chemical Engineering 142 378 Consumer Science & Technology 49 151Total 479 1261
Common First Year Temasek Business School Accounting & Finance 135 418 Business Information Technology 228 661Business/Logistics & Operations Management/Marketing 481 494 Business - 466 Logistics & Operations Mangement - 240 Marketing - 243 Communications & Media Management 68 128Hospitality Mangement 121 346Law & Mangement 124 352 Tourism Management 81 255Total 1238 3603
Common First Year Temasek Design School Apparel Design & Merchandising 52 144Interior Architecture & Design 50 141Product & Industrial Design 60 146 Visual Communication 75 213Interactive Media Design 72 218Total 309 862
Temasek Engineering SchoolBiomedical Informatics & Engineering 92 162Business Process & Systems Engineering 137 138Electronics/Telecommunications/Computer Engineering/Microelectronics 588 876 Electronics - 1078 Telecommunications - 262 Computer Engineering - 250 Microelectronics - 252 Info-communications 211 658Intelligent Building Technology 165 567Mechatronics/Product Engineering 245 391 Mechatronics - 713 Product Engineering - 140Quality Engineering & Management - 235Total 1438 5722
Common First Year Common First Year Temasek Information Technology SchoolInformation Management* 93 98 Information Studies* - 136 Information Technology/Internet Computing 483 517 Information Technology - 438 Internet Computing - 570 Mobile & Wireless Computing 117 117 Total 693 1876
Common First Year
*The Diploma in Information Studies was renamed as Diploma in Information Management for Year 1 students wef AY2002/2003.
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STU
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IPLO
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/ FI
NA
NC
IAL
FIG
UR
ES
ACTUAL OPERATING INCOME S$m %Fee Income 28.16 18.04Miscellaneous Income 3.24 2.07Government Grants 124.71 79.89 156.11 100.00
ACTUAL OPERATING EXPENDITURE S$m %Expenditure on manpower 107.47 78.15
Other operating expenditure
Staff related expenditure 2.86Student related expenditure 5.55Admin Expenses & maintenance 21.64 30.05 21.85
137.52 100.00
Cost per student S$ FY2002/2003 10,217 FY2001/2002 10,947 FY2000/2001 10,512FY1999/2000 8,998 FY1998/1999 9,029
Government Grants79.89%S$124.71m
Miscellaneous Income2.07%S$3.24m
Fee Income18.04%S$28.16m
Other operating expenditure21.85%S$30.05m
Expenditure on manpower78.15%S$107.47m
0FY01/02 FY00/01 FY99/00 FY98/99
5,000
10,000
15,000
FY02/03
$10,947 $10,512
$8,998 $9,029$10,217
Temasek PolytechnicFinancial Figures FY2002/03
FinancialStatements
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AU
DIT
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TO T
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SEK
PO
LYTE
CH
NIC
We have audited the financial statements of Temasek Polytechnic (“Polytechnic”) for the financial year ended 31 March 2003 set out on pages 54 to 71. These financial statements are the responsibility of the Polytechnic. Our 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 plan and perform our audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the Polytechnic, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion,
a) the accompanying financial statements are properly drawn up in accordance with the provisions of the Temasek Polytechnic Act, Cap 323A (“the Act”) and Singapore Statements of Accounting Standard and so as to give a true and fair view of the state of affairs of the Polytechnic at 31 March 2003, its results, changes in accumulated surplus, and cash flows for the financial year ended on that date; and
b) the accounting and other records, and the registers required by the Act to be kept by the Polytechnic have been properly kept in accordance with the provisions of the Act, including record of all assets of the Polytechnic whether purchased, donated or otherwise.
During the course of our audit, nothing came to our notice that caused us to believe that the receipt, expenditure and investment of monies and the acquisition and disposal of the assets by the Polytechnic during the financial year have not been made in accordance with the provisions of the Act.
PricewaterhouseCoopersCertified Public Accountants
Singapore, 25 June 2003
Auditor’s Report to Temasek Polytechnic(Established under the Temasek Polytechnic Act, Cap 323A)
Note General Fund Other Funds Total 2002/03 2001/02 2002/03 2001/02 2002/03 2001/02 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000
OPERATING INCOME Education & General Student fees 28,163 27,918 - - 28,163 27,918 Other income 1,034 1,558 720 825 1,754 2,383 Donations 330 308 150 11 480 319Courses, projects, seminars & talks 1,367 2,264 4,295 8,360 5,662 10,624Student Projects 643 754 - - 643 754 Staff Model Projects 82 57 - - 82 57 31,619 32,859 5,165 9,196 36,784 42,055
OPERATING EXPENDITURE Education & General Salaries, CPF and other related costs 3 107,466 107,884 - - 107,466 107,884 Depreciation 12 43,856 42,261 42 42 43,898 42,303 Repairs and maintenance 13,102 15,458 - - 13,102 15,458 Fixed assets expensed off 3,616 5,774 - - 3,616 5,774 Staff benefits 2,863 3,240 - - 2,863 3,240 Teaching materials and consumable supplies 2,470 2,393 - - 2,470 2,393 Miscellaneous 1,460 1,818 439 865 1,899 2,683 Student welfare 1,654 2,193 - - 1,654 2,193 Travelling and communication 1,533 2,478 - - 1,533 2,478 Library books and materials 1,425 1,571 - - 1,425 1,571 Public relations and publicity 903 1,623 - - 903 1,623 Rental 778 737 - - 778 737 Consultancy fees 611 540 - - 611 540 Office supplies, stationery and periodicals 567 639 - - 567 639 Computer software 166 188 - - 166 188 Audit fee 47 45 - - 47 45 Provision for losses incurred by a subsidiary 15 (54) 610 - - (54) 610Courses, projects, seminars & talks 1,166 2,037 3,550 5,778 4,716 7,815 Student Projects 643 754 - - 643 754 Staff Model Projects 82 57 - - 82 57 184,354 192,300 4,031 6,685 188,385 198,985
OPERATING (DEFICIT) / SURPLUS 4 (152,735) (159,441) 1,134 2,511 (151,601) (156,930) NON-OPERATING INCOME Interest 5 508 562 18 12 526 574(DEFICIT)/SURPLUS BEFORE GRANTS (152,227) (158,879) 1,152 2,523 (151,075) (156,356) GRANTS Deferred capital grants amortised: Government 10 42,222 40,923 - - 42,222 40,923 Others 11 1,707 1,369 - - 1,707 1,369 Operating grants Government 6 126,895 123,565 - - 126,895 123,565 170,824 165,857 - - 170,824 165,857 SURPLUS FOR THE FINANCIAL YEAR 18,597 6,978 1,152 2,523 19,749 9,501
______________________________ _____________________________ Liew Mun Leong Boo Kheng Hua Chairman Principal & CEO Board of Governors
The accompanying notes form an integral part of the financial statements
Temasek PolytechnicIncome and Expenditure StatementFor the Financial Year Ended 31 March 2003
Temasek PolytechnicBalance SheetAs at 31 March 2003
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ALA
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E SH
EET
Note 2002/03 2001/02 S$ ‘000 S$ ‘000
ACCUMULATED SURPLUS General Fund 7 59,891 41,294 Other Funds 7 12,148 10,996 72,039 52,290
TEMASEK POLYTECHNIC ENDOWMENT FUND 8 1,208 808
STAFF AND STUDENT LOAN FUNDS 9 7,268 5,687
DEFERRED CAPITAL GRANTS Government 10 483,617 500,851 Others 11 3,501 4,039 567,633 563,675Represented by: FIXED ASSETS 12 485,999 502,613
CAPITAL WORK-IN-PROGRESS 13 1,220 2,415 LOANS TO STAFF AND STUDENTS 14 5,374 4,932 INVESTMENT IN SUBSIDIARY 15 - -
CURRENT ASSETS Sundry debtors, deposits and prepayments 16 1,200 1,823 Course in progress 29 44 Staff and student loans 14 509 291 Investment in bonds 17 2,250 2,250 Fixed deposit 18 91,335 72,655 Cash and bank balances 18 9,060 13,170 104,383 90,233 CURRENT LIABILITIES Government grants received in advance 6,962 6,754 Sundry creditors and accruals 19 20,988 27,722 Provision for losses incurred by a subsidiary 15 446 610 Deferred income for course in progress 947 1,432 29,343 36,518 NET CURRENT ASSETS 75,040 53,715 567,633 563,675
The accompanying notes form an integral part of the financial statements
Temasek PolytechnicStatement of Changes in Accumulated SurplusFor the Financial Year Ended 31 March 2003
Accumulated Surplus Total Note General Funds Other Funds S$ ‘000 S$ ‘000 S$ ‘000 Balance at 1 April 2002 41,294 10,996 52,290 Add : Surplus for the financial year 18,597 1,152 19,749
Balance at 31 March 2003 59,891 12,148 72,039
Balance at 1 April 2001 39,551 8,473 48,024 Less: Appropriation for settlement of GST liability 22 5,235 - 5,235 Add : Surplus for the financial year 6,978 2,523 9,501 Balance at 31 March 2002 41,294 10,996 52,290
The accompanying notes form an integral part of the financial statements
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STAT
EMEN
T O
F C
HA
NG
ES IN
AC
CU
MU
LATE
D S
UR
PLU
S / C
ASH
FLO
W S
TATE
MEN
TTemasek PolytechnicCash Flow StatementFor the Financial Year Ended 31 March 2003
Note 2002/03 2001/02 S$ ‘000 S$ ‘000
CASH FLOWS FROM OPERATING ACTIVITIES
Operating deficit before Government Grant (151,075) (156,356) Adjustments: Depreciation 12 43,898 42,303 Gain on disposal of fixed assets 4 (100) (30) Provision for bad and doubtful debts 4 4 2 (Decrease)/Increase in provision for losses incurred by a subsidiary 15 (54) 610 Provision for unutilised staff leave 303 2,464 Interest Income 5 (526) (574) Operating deficit before working capital changes (107,550) (111,581) Decrease in sundry debtors, deposits & prepayments 509 21,448 Decrease in creditors and accruals (3,255) (42,452) Cash used in operations (110,296) (132,585)
Decrease in staff loans 418 1,819 Increase in student loans (1,077) (1,065) Decrease in staff loan fund - (6,606) Increase in student loan funds 1,581 1,274 Donations received for Temasek Polytechnic Endowment Fund 400 808 Grants received from other organisations 1,126 848 Net cash used in operating activities (107,848) (135,507)
CASH FLOWS FROM INVESTING ACTIVITIES Interest received 568 473 Purchase of fixed assets (29,866) (24,565) Purchase of bonds - (2,250) Proceeds from sale of fixed assets 164 39 Repayment of repayable grant on behalf of subsidiary (110) - Capital expenditure (982) (2,415) Net cash used in investing activities (30,226) (28,718) CASH FLOWS FROM FINANCING ACTIVITIES Development grants received from Government 25,243 27,426 Development grants received from Statutory Board 45 1,015 Operating grants received from Government 127,356 123,565 Appropriation of retained earnings for GST payment - (5,235) Net cash from financing activities 152,644 146,771 NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 14,570 (17,454)
CASH AND CASH EQUIVALENTS AT 1 APRIL 18 85,825 103,279
CASH AND CASH EQUIVALENTS AT 31 MARCH 18 100,395 85,825
Temasek PolytechnicNotes to the Financial Statements
These notes form an integral part of and should be read in conjunction with the accompanying financial statements.
1. GENERAL
The Temasek Polytechnic was established in 1990 under the Temasek Polytechnic Act (Chapter 323A). It is domiciled in Singapore and the financial statements are expressed in Singapore Dollars. Its campus is situated at: 21, Tampines Avenue 1 Singapore 529757
The principal activity of the Polytechnic is to provide instruction, training and research in technology, science, commerce, arts and other subjects of learning.
2. SIGNIFICANT ACCOUNTING POLICIES
A) BASIS OF PREPARATION The financial statements have been prepared in accordance and comply with the Singapore Statements of Accounting Standard. The financial statements are prepared under the historical cost convention except for donated assets which are taken up at valuation.
B) RECOGNITION OF INCOME
Tuition and other fees for the academic year are recognised in the financial year they are billed.
Interest income is recognised on an accrual basis.
Revenue for self-financing courses/projects are recognised based on percentage of completion, determined on a straight line basis over the period of the courses/projects.
C) GRANTS
Government grants and contributions from other organisations utilised for the purchase of depreciable assets and donated assets at valuation are taken to the Deferred Capital Grants Account. The deferred capital grants are recognised in the Income and Expenditure Statement over the periods necessary to match the depreciation of the assets purchased with the related grants.
Government grants to meet the current year’s operating expenses are taken to the Income and Expenditure Statement for the year.
Government grants are accounted for on an accrual basis.
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D) FUNDS
General Fund Income and expenditure relating to the main activities of the Polytechnic are accounted for in the General Fund column in the Income and Expenditure Statement.
Other Funds Income and expenditure relating to funds set up for specific purposes are accounted for in the Other Funds column in the Income and Expenditure Statement.
The assets and liabilities of these funds are accounted for separately. However, for presentation purposes, they are pooled together with the other assets and liabilities of the Polytechnic in the Balance Sheet.
E) FIXED ASSETS AND DEPRECIATION Fixed assets are stated at cost less accumulated depreciation. Donated assets are recorded at valuation as their cost base. Depreciation is calculated on the straight-line method to write down the cost of the fixed assets over their estimated useful lives as follows:
Leasehold Land Remaining lease period Leasehold Building 50 years Building Improvements 5 years Plant and machinery 10 years Furniture, Fittings and Equipment 5 years Computer Hardware and Software 3 to 5 years Workshop Equipment and Machinery 5 to 10 years Vehicles 5 years
Fixed assets costing less than S$2,000 are written off to the Income and Expenditure Statement in the year of purchase.
F) INVESTMENTS
Quoted and unquoted investments that are intended to be held for the long term are stated at cost and provision is only made in recognition of a diminution in the value of the investments which is other than temporary.
Investment in unquoted equity shares in subsidiaries are stated at cost. Provision is made for any diminution in value other than temporary.
Investments in bonds are stated at the lower of market value and cost.
Gains and losses on disposal of investments are taken to the Income and Expenditure Statement.
G) CASH AND CASH EQUIVALENTS
For the purpose of the cash flow statement, cash and cash equivalents comprise fixed deposits, cash on hand and bank balances.
H) FOREIGN CURRENCY TRANSACTIONS
Foreign currency transactions are accounted for at the exchange rates prevailing at the date of the transactions. Gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies are recognised in the Income and Expenditure Statement. Such balances are translated at year-end exchange rates.
I) ACCOUNTING FOR LEASES
A distinction is made between finance leases which effectively transfer from the lessor to the lessee substantially all the risks and benefits incidental to the ownership of the leased assets, and operating leases under which the lessor effectively retains substantially all such risks and benefits.
Finance leases are capitalised at the estimated present value of the underlying lease payments. Each lease payment is allocated between the liability and finance charges so as to achieve a constant rate of return on the balance outstanding. The corresponding rental obligations, net of finance charges, are included in other long-term payables. The interest element of the finance charge is charged to the Income and Expenditure Statement over the lease period. Fixed assets acquired under finance leasing contracts is depreciated over the useful life of the asset.
Operating lease payments are charged to the Income and Expenditure Statement on a straight line basis over the period of the lease.
When an operating lease is terminated before the lease period has expired, any payment required to be made to the lessor by way of penalty is recognised as an expense in the period in which termination takes place.
J) PROVISIONS
Provisions are recognised when the Polytechnic has a present legal or constructive obligation as a result of past events and it is possible that an outflow of resources will be required to settle the obligation, and reliable estimate of the amount can be made.
K) EMPLOYEE BENEFITS
Employee leave entitlement Employee entitlements to annual leave are recognised when they accrue to employees. A provision is made for the estimated liability for annual leave as a result of services rendered by employees up to balance sheet date.
Defined contribution plan The Polytechnic operates a defined contribution plan in the form of Central Provident Fund. The Polytechnic’s obligation, in regard to the defined contribution plan, is limited to the amount it contributes to the fund. The expenses are disclosed under staff costs (Note 3).
L) FINANCIAL RISK MANAGEMENT
The activities of Temasek Polytechnic do not expose it to any foreign exchange risk and there is no significant credit risk. Its income and cashflows are substantially independent of changes in the market interest rates. Temasek Polytechnic places its excess cash in fixed deposits with financial institutions and in bonds. There is no significant liquidity risk as it maintains sufficient cash for its operations.
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3. STAFF COSTS 2002/03 2001/02 S$ ‘000 S$ ‘000
Salaries and wages 92,947 93,392 Employer’s contribution to Central Provident Fund 14,519 14,492 107,466 107,884
Average monthly number of permanent staff employed for the financial year: 2002/03 2001/02 Head Count 1,351 1,344
In addition to the permanent staff, the Polytechnic also engaged adjunct lecturers and temporary staff.
4. OPERATING (DEFICIT) / SURPLUS 2002/03 2001/02 S$ ‘000 S$ ‘000 This is arrived at after charging: Bad debts 4 1 Entertainment 7 12 Exchange loss 1 29 Overseas travel 66 399 Property tax 79 98 Provision for doubtful debts - 1 And crediting: Gain on disposal of fixed assets 100 30 Rental income 714 798
5. FINANCE INCOME 2002/03 2001/02 S$ ‘000 S$ ‘000 Interest Income Bonds 75 44 Fixed Deposits 450 299 Current Accounts 1 231 526 574
6. OPERATING GRANTS - GOVERNMENT 2002/03 2001/02 S$ ‘000 S$ ‘000 Operating grants received during the year 129,073 127,576 Less: Operating grants utilised on fixed assets transferred to deferred capital grants (Government) (Note 10) 1,725 3,579 Operating grants utilised on co-funded fixed assets transferred to deferred capital grants (Others) (Note 11) 453 432 2,178 4,011 126,895 123,565
Operating grants received since establishment of the Polytechnic 844,091 717,196
Cumulative operating grants received for GST subsidy 32,545 27,405
7. ACCUMULATED SURPLUS
General Fund Of the accumulated surplus of S$59.9 million (FY2001/02 S$41.3 million) in the General Fund, approximately S$0.08 million (FY2001/02 S$1.3 million) has been utilised for the purchase of fixed assets or committed for future capital expenditure.
Other Funds Other Funds comprise the following funds:
Name of Fund Purpose A) Bursary and Scholarship Fund Providing financial assistance to needy students and scholarships to students who excel academically and in extra-curricular activities.
B) Staff Apartment Fund Maintaining and upgrading of the Polytechnic’s staff apartments.
C) Temasek Polytechnic Providing financial support for: Endowment Fund a. staff development; b. student development, focusing on international exchange; c. promotion of innovation; d. bringing relevant world-class expertise to the Polytechnic; e. scholarships to outstanding students; f. bursaries to deserving needy students.
D) Miscellaneous Fund Conducting short and continuing education courses; - Self-financing Project Fund upgrading Polytechnic’s teaching facilities; and providing welfare and wellness activities for the Polytechnic’s students and staff.
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Bre
akd
own
of t
he in
com
e an
d e
xpen
ditu
re o
f the
fund
s w
hich
are
poo
led
und
er O
ther
Fun
ds
in t
he In
com
e an
d E
xpen
ditu
re S
tate
men
t is
as
follo
ws:
Burs
ary
and
Staf
f Apa
rtm
ent
Tem
asek
Pol
ytec
hnic
M
isce
llane
ous
Tota
l
Sc
hola
rshi
p Fu
nd
Fund
En
dow
men
t Fun
d Fu
nd
2002
/03
2001
/02
2002
/03
2001
/02
2002
/03
2001
/02
2002
/03
2001
/02
2002
/03
2001
/02
S$
‘000
S
$ ‘0
00
S$
‘000
S
$ ‘0
00
S$
‘000
S
$ ‘0
00
S$
‘000
S
$ ‘0
00
S$
‘000
S
$ ‘0
00
Op
erat
ing
Inco
me
O
ther
Inco
me
- -
720
825
- -
- -
720
825
Don
atio
ns
126
(3
) -
- -
- 24
14
15
0 11
Cou
rses
, pro
ject
s, s
emin
ars
& ta
lks
- -
- -
- -
4,29
5 8,
360
4,29
5 8,
360
126
(3)
720
825
- -
4,31
9 8,
374
5,16
5 9,
196
Less
: Op
erat
ing
Exp
end
iture
D
epre
ciat
ion
- -
10
10
- -
32
32
42
42
M
isce
llane
ous
131
106
277
639
- -
31
120
439
865
Cou
rses
, pro
ject
s, s
emin
ars
& ta
lks
- -
- -
- -
3,55
0 5,
778
3,55
0 5,
778
131
106
287
649
- -
3,61
3 5,
930
4,03
1 6,
685
Op
erat
ing
(defi
cit)
/ su
rplu
s
(5
) (1
09)
433
176
- -
706
2,44
4 1,
134
2,51
1
Ad
d: N
on-o
per
atin
g In
com
e
In
tere
st
- 1
- -
18
11
- -
18
12(D
EFI
CIT
) / S
UR
PLU
S F
OR
TH
E F
INA
NC
IAL
YE
AR
(5
) (1
08)
433
176
18
11
706
2,44
4 1,
152
2,52
3A
CC
UM
ULA
TED
SU
RP
LUS
AT
1 A
PR
IL
28
2 39
0 2,
237
2,06
1 11
-
8,46
6 6,
022
10,9
96
8,47
3A
CC
UM
ULA
TED
SU
RP
LUS
AT
31 M
AR
CH
277
282
2,67
0 2,
237
29
11
9,17
2 8,
466
12,1
48
10,9
96
Rep
rese
nted
by:
Fixe
d A
sset
s
- -
15
19
- -
75
108
90
127
C
ours
e in
pro
gres
s
- -
- -
- -
29
44
29
44
Cas
h an
d B
ank
Bal
ance
s
27
7 28
2 2,
664
2,23
1 24
6
10,1
39
9,96
5 13
,104
12
,484
S
und
ry D
ebto
rs a
nd D
epos
its
- -
- 1
5 5
3 -
8 6
Def
erre
d in
com
e fo
r cou
rse
in p
rogr
ess
- -
- -
- -
(947
) (1
,431
) (9
47)
(1,4
31)
Sun
dry
Cre
dito
rs a
nd A
ccru
als
- -
(9)
(14)
-
- (1
27)
(220
) (1
36)
(234
)
27
7 28
2 2,
670
2,23
7 29
11
9,
172
8,46
6 12
,148
10
,996
8. TEMASEK POLYTECHNIC ENDOWMENT FUND
Donations and contributions made to the Temasek Polytechnic Endowment Fund are retained as principal capital to be kept intact to earn income.
Income and expenditure of the Fund are taken to “Other Funds” in the Income and Expenditure Statement (Note 7).
The principal capital comprises the following:
2002/03 2001/02 S$ ‘000 S$ ‘000
Balance at 1 April 808 - Donations received 400 808 Balance at 31 March 1,208 808
Represented by: Cash and bank balances 301 3 Fixed deposits 657 555 Investment in bonds 250 250 1,208 808
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9. STAFF AND STUDENT LOAN FUNDS A) STAFF LOAN FUND This fund, which comprises advances from Government, provides housing loans to staff. The housing loans are managed by a financial institution on behalf of the Polytechnic.
B) TUITION FEE LOAN / STUDY LOAN FUNDS
Tuition Fee Loan Fund, which comprises advances from Government, provides tuition fee loans to students. The tuition fee loans are administered by a financial institution.
Study Loan Fund, which comprises advances from Government, provides loans to needy students.
The income and expenditure of the above funds are taken to General Fund in the Income and Expenditure Statement. Staff Loan Tuition Fee Study Loan Total Fund Loan Fund Fund 2002/03 2001/02 2002/03 2001/02 2002/03 2001/02 2002/03 2001/02 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000
Balance at 1 April 1,938 8,544 3,742 2,469 7 7 5,687 11,020 Amount received from Government - - 1,581 1,273 - - 1,581 1,273 Amount refunded to Government - (6,606) - - - - - (6,606) Balance at 31 March 1,938 1,938 5,323 3,742 7 7 7,268 5,687
Represented by: Outstanding loans Staff loans 1,508 1,927 - - - - 1,508 1,927 Tuition fee loans - - 4,375 3,296 - - 4,375 3,296 Study loans - - - - - 1 - 1 Bank balance 430 11 948 446 7 6 1,385 463 1,938 1,938 5,323 3,742 7 7 7,268 5,687 On 11 October 2001, the Ministry of Education issued a circular stating that with effective from FY 2002 / 03, all new staff housing loans should be obtained directly from financial institutions or from the Polytechnic itself instead of from the Government via Staff Loan Fund. Existing housing loans will continue to be borne by the Government until they are fully repaid. Repayment of these loans as well as unutilised funds would have to be returned to the Government. During the financial year, the Polytechnic received repayments amounting to S$0.43 million from staff. This amount will be returned to the Government in FY2003/04.
10. DEFERRED CAPITAL GRANTS (GOVERNMENT)
2002/03 2001/02 S$ ‘000 S$ ‘000
Balance at 1 April 500,851 516,520 Add: Development grants utilised on fixed assets 23,263 21,675 Operating grants utilised on fixed assets (Note 6) 1,725 3,579 525,839 541,774 Less: Amortisation of deferred capital grants 42,222 40,923
Balance at 31 March 483,617 500,851
Capital grants received and utilised since establishment of the Polytechnic 785,450 760,462
11. DEFERRED CAPITAL GRANTS (OTHERS)
2002/03 2001/02 S$ ‘000 S$ ‘000
Balance at 1 April 4,039 2,884 Add: Grants utilised on fixed assets 716 2,092 Operating grants utilised on co-funded fixed assets (Note 6) 453 432 5,208 5,408 Less: Amortisation of deferred capital grants 1,707 1,369
Balance at 31 March 3,501 4,039
Capital grants received and utilised since establishment of the Polytechnic 12,881 11,712
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12.
FIX
ED
AS
SE
TS
Le
aseh
old La
nd
Bui
ldin
g Bu
ildin
g Fu
rnitu
re,
Com
pute
r W
orks
hop
Ve
hicle
Co
mpu
ter
Plan
t &
Tota
l
and
Im
prov
emen
ts Pl
ant &
Fit
tings
&
Hard
ware
Eq
uipm
ent &
Softw
are
Mac
hine
ry
Build
ing
M
achi
nery
Eq
uipm
ent
M
achi
nery
S
$ ‘ 0
00
S$
‘ 000
S
$ ‘ 0
00
S$
‘ 000
S
$ ‘ 0
00
S$
‘ 000
S
$ ‘ 0
00
S$
‘ 000
S
$ ‘ 0
00
S$
‘ 000
2002
/03
Net
Boo
k Va
lue
at 1
Apr
il 41
7,94
5 9,
749
28,8
80
9,49
5 16
,470
9,
456
116
6,04
9 4,
453
502,
613
Ad
diti
ons
3,06
8 1,
191
930
3,17
9 10
,637
2,
924
- 5,
427
- 27
,356
Dis
pos
als
- (2
5)
- (2
4)
(5)
(18)
-
- -
(72)
D
epre
ciat
ion
(8,8
53)
(3,2
16)
(7,1
44)
(3,7
58)
(12,
827)
(3
,390
) (4
3)
(4,0
09)
(658
) (4
3,89
8)N
et B
ook
Valu
e at
31
Mar
ch
412,
160
7,69
9 22
,666
8,
892
14,2
75
8,97
2 73
7,
467
3,79
5 48
5,99
9
Cos
t 47
4,72
3 17
,459
71
,759
54
,553
74
,229
29
,368
22
7
24,8
90
6,58
0 75
3,78
8A
ccum
ulat
ed D
epre
ciat
ion
(62,
563)
(9
,760
) (4
9,09
3)
(45,
661)
(5
9,95
4)
(20,
396)
(1
54)
(17,
423)
(2
,785
) (2
67,7
89)
Net
Boo
k Va
lue
at 3
1 M
arch
41
2,16
0 7,
699
22,6
66
8,89
2 14
,275
8,
972
73
7,46
7 3,
795
485,
999
2001
/02
Net
Boo
k Va
lue
at 1
Apr
il 42
4,09
7 6,
774
35,2
93
10,1
70
21,8
79
7,90
5 15
9 4,
380
5,06
7 51
5,72
4A
dd
ition
s 2,
824
5,86
5 77
9 2,
989
7,63
3 4,
589
- 4,
489
57
29,2
25D
isp
osal
s -
(1)
- (1
4)
(6)
(2)
- (1
0)
- (3
3)
Dep
reci
atio
n (8
,976
) (2
,889
) (7
,192
) (3
,650
) (1
3,03
6)
(3,0
36)
(43)
(2
,810
) (6
71)
(42,
303)
Net
Boo
k Va
lue
at 3
1 M
arch
41
7,94
5 9,
749
28,8
80
9,49
5 16
,470
9,
456
116
6,04
9 4,
453
502,
613
Cos
t 47
1,65
5 16
,340
70
,829
51
,811
67
,066
27
,011
27
7
20,0
56
6,58
0 73
1,62
5A
ccum
ulat
ed D
epre
ciat
ion
(53,
710)
(6
,591
) (4
1,94
9)
(42,
316)
(5
0,59
6)
(17,
555)
(1
61)
(14,
007)
(2
,127
) (2
29,0
12)
Net
Boo
k Va
lue
at 3
1 M
arch
41
7,94
5 9,
749
28,8
80
9,49
5 16
,470
9,
456
116
6,04
9 4,
453
502,
613
13. CAPITAL WORK-IN-PROGRESS
The work-in-progress relates to the costs incurred for the extension and improvement to the Tampines Campus.
2002/03 2001/02 S$ ‘000 S$ ‘000
Balance at 1 April 2,415 3,815 Add: Additions during the financial year 3,995 5,023 6,410 8,838
Less: Amount capitalised as assets 5,190 6,423 Balance at 31 March 1,220 2,415
14. LOANS TO STAFF & STUDENTS
A) STAFF LOANS The staff loan fund provides housing loans to staff. Housing loans are repayable with interest at 5% per annum by monthly instalments over periods up to 30 years.
B) TUITION FEE / STUDY LOANS Tuition fee loans are granted to students interest-free until 1st August in the year of their graduation. Thereafter, loans are repayable by monthly instalments with interest based on the average prime rates of the 4 local big banks or such other rate as may be determined by the Polytechnic.
Study loans are granted to students interest-free. Such loans are repayable by monthly instalments within 2 years from the 7th month immediately following the month of the borrowers’ graduation.
2002/03 2001/02 S$ ‘000 S$ ‘000
Due after 12 months Staff loans 1,391 1,784 Tuition fee loans 3,983 3,148 5,374 4,932
Due within 12 months Staff loans 117 142 Tuition fee loans 392 148 Study loans - 1 509 291
Staff loans and tuition fee / study loans are disbursed from advances from the Government and repayment of the loans will eventually be returned to Government. Accordingly, the carrying amounts of staff loans and tuition fee /study loans approximate their fair values.
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15. INVESTMENT IN SUBSIDIARY Name of subsidiary : TP Innovation Holdings Pte Ltd Place and date of incorporation: Singapore, 16 October, 1996 Principal activities: to promote and commercialise the Polytechnic’s research and development results, technology, design or business innovations.
2002/03 2001/02
Authorised capital (100,000 shares @ S$1 each) S$100,000 S$100,000 Issued capital (2 shares @ S$1 each) S$2 S$2 Percentage of equity held by the Polytechnic 100% 100%
Notwithstanding that the investment in subsidiary is only S$2, the Polytechnic has given an undertaking to provide continuing financial support to the subsidiary. As at 31st March 2003, the Polytechnic has recognised an accumulated provision for losses incurred by the subsidiary of S$0.45 million (Note 20).
2002/03 2001/02 S$’000 S$’000 Balance at 1 April 610 - Provision (written back)/made during the financial year (54) 610 Provision utilised during the financial year (110) - Balance at 31 March 446 610
The results of the subsidiary have not been consolidated as they are considered to be not material to the Polytechnic’s financial statements.
16. SUNDRY DEBTORS, DEPOSITS AND PREPAYMENT
2002/03 2001/02 S$ ‘000 S$ ‘000
Deposits and prepayments 562 558 Sundry debtors 638 1,279 Provision for doubtful debts - (14) 1,200 1,823
Movements in provision for doubtful debts are as follows: Balance at 1 April 14 60 Provision made during the financial year - 1 Bad debts written off against provision (14) (47) Balance at 31 March - 14
17. INVESTMENT IN BONDS
2002/03 2001/02 S$ ‘000 S$ ‘000
Quoted bonds at cost 2,250 2,250
Market value 2,412 2,250
The bonds bear interest rates ranging from 3.215% to 4.17% (FY2001/02: 3.215% to 4.17%) per annum received semi-annually in arrears.
18. CASH AND CASH EQUIVALENTS 2002/03 2001/02 S$ ‘000 S$ ‘000
Cash and cash equivalents consist of : Fixed deposits with financial institutions 91,335 72,655 Cash and bank balances 9,060 13,170 100,395 85,825
The fixed deposits bear interest rates of 0.5625% to 1.375% (2001/02: 0.6875% to 1.0625%) per annum as at the balance sheet date.
19. SUNDRY CREDITORS AND ACCRUALS
2002/03 2001/02 S$ ‘000 S$ ‘000
Sundry creditors 11,137 18,761 Accruals 5,326 4,235 Other grants received in advance 2,175 2,991 GST payable 2,350 1,735 20,988 27,722
20. CONTINGENT LIABILITY
At the balance sheet date, a subsidiary of the Polytechnic (Note 15) has an outstanding repayable grant of S$0.47 million owed to a government agency out of which the Polytechnic has agreed to bear and accordingly has provided for an amount of S$0.45 million (Note 15) for this liability.
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21. COMMITMENTS
A) CAPITAL COMMITMENTS Capital commitments approved by the Board but not provided for in the financial statements are as follows:
2002/03 2001/02 S$ ‘000 S$ ‘000
Amount approved and contracted for - - Amount approved but not contracted for 1,692 2,650 1,692 2,650
The capital commitments are funded from Government grants.
B) OPERATING LEASE COMMITMENTS The future minimum lease payments under non-cancellable operating leases are payable as follows:
2002/03 2001/02 S$ ‘000 S$ ‘000
Not later than one financial year 420 514 Later than one financial year but not later than five financial years 221 295 641 809
22. APPROPRIATION OF ACCUMULATED SURPLUS
The Polytechnic has received a memo from Ministry of Education (MOE) dated 3 July 2002 which confirmed that Ministry of Finance (MOF) has no objection to the Polytechnic to retain the unutilised surplus generated prior to FY2000/01 as working capital.
For the surplus generated from FY2000/01 onwards, the Polytechnic is allowed to retain all the surplus in accordance with MOF’s circular dated 4 December 2000.
During the previous financial year, based on instructions from MOE, the Polytechnic utilised an amount of S$5.2 million from the unappropriated surplus funds for settlement of outstanding GST with the Inland Revenue Authority of Singapore.
23. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES
Other than the fair values of staff loans and tuition fees/study loans and investment in bonds as set out in Notes 14 and 17 respectively, the carrying amounts of the following financial assets and financial liabilities approximate to their fair values: cash and bank balances, fixed deposits, sundry debtors and creditors.
24. AUTHORISATION OF FINANCIAL STATEMENTS
These financial statements were authorised for issue by the Board of Governors on 25 June 2003.
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21 Tampines Avenue 1, Singapore 529757Tel: (65) 6788 2000 Fax: (65) 6789 8220
www.tp.edu.sg