What the big hooha now
All the while train run smooth smooth got grant one what
Now because of breakdown just double only what, reasonable mah
http://www.smrt.com.sg/investors/documents/annual_reports/2010/pdf/SMRT_A_R_2010_Low_Res.pdf
Go to page 166
Grants
Financial year 2009.................................................................sgd480,000,000.00 (received by SMRT Trains Ltd from LTA to defray part of the purchase cost of the operating assets
of the MRT system)
Financial year 2010.................................................................sgd98,000.00 (received by the Company from a government agency for project sponsorship)
Total grant used as at end of financial year 2010.........................sgd389,644,000.00 (asset related grant and non asset related grants (expense in nature, assumption))
Also, in FY2009, grant used was sgd353,240,00 (non asset related, most probably off-set against current year's expense) + sgd18,597,000 (asset related amortised as per asset useful life) + sgd22,000.00 (used this grant to buy asset and dispose in the same year!!!)
Total comprehensive income for financial year 2009 ish sgd160,840,000.00. But if did not utilize grant of sdg353,240,000.00 to offset expenses? Then what is the result?
:p
Caution: My analysis is guess guess one, may not be correct. You see the annual report and analyze for yourself:p