Temasek P

olytechnic Annual R

eport 2001/2002

Developing Minds,Shaping Attitudes

Temasek P

olytechnic Annual R

eport 2001/2002

TransformingPolytechnic Education

Annual Report2001/2002

Contents

1 MissionVisionCorporate Goals and StrategiesShared Values

2 Board of Governors

4 Senior Management

5 Organisation Chart

6 Milestones

8 Principal & CEO’s Report

corporate review

10 Synergistic Collaborations

14 Creating the Future

20 Harnessing Human Capital

26 Energy and Excitement

corporate information

financial statements

1

MissionTo prepare school-leavers and working adults for a future of dynamic change,with relevant knowledge, life-long skills, character, and a thirst for continuousimprovement.

VisionTo be a world-class institution in the global education network, reputed forour programmes, applied research, managerial excellence and innovativecorporate culture.

Corporate Goals and StrategiesQuality Education through leadership, innovation and integrationQuality People through selection, management and developmentQuality Environment through communication, teamwork and people-centrednessQuality Performance through goals, commitment and service

Shared ValuesResponsibility for the continued growth and success of Temasek PolytechnicRespect for the dignity of the individualIntegrity of the highest orderStudent-centrednessFuture orientation

ofBoard

Governors5 4 9 8 14 6 10 7 13

3 12 1 2 11

1 Mr Liew Mun Leong

2 Mr Lim Kok Min, John

3 Mr Boo Kheng Hua

4 Mr Chan Yeng Kit

5 Mr Hsieh Fu Hua

6 Mr Lee Kiang Peng,Anthony

7 Prof Lee Tong Heng

8 Mr Liow Voon Kheong

9 COL Loh Wai Keong

10 Mr Saw Ken Wye

11 Mr Seah Moon Ming

12 Ms Su Yeang

13 Dr Toh See Kiat

14 Mr Zulkifli Baharudin

3

ChairmanMr Liew Mun LeongPresident & CEOCapitaLand Ltd

Deputy ChairmanMr Chan Meng Wah,AlexanderExecutive DirectorMMI Holdings Ltd

MembersMr Boo Kheng Hua (w.e.f. 17 Dec 2001)

Principal & CEOTemasek Polytechnic

Mr Lee How ShengDirector (Human Resource)Ministry of Home Affairs

Mr Lim Kok Min, JohnChairmanSenoko Power Ltd

ChairmanMr Liew Mun LeongPresident & CEOCapitaLand Ltd

Deputy ChairmanMr Lim Kok Min, JohnChairmanSenoko Power Ltd

MembersMr Boo Kheng HuaPrincipal & CEOTemasek Polytechnic

Mr Chan Tee Seng (w.e.f. 1 Jul 2002)

DirectorSkills Development DepartmentNTUC

Mr Chan Yeng KitDeputy Secretary (Policy)Ministry of Education

Mr Hsieh Fu HuaManaging PartnerPrimePartners AssetsManagement Pte Ltd

Board Of Governors (up to 15 April 2002)

Board Of Governors (with effect from 16 April 2002)

Mr Lee Kiang Peng,AnthonyArea Manager(Singapore/Malaysia/Indonesia)American Express International Inc.

Prof Lee Tong HengProfessorNational University of Singapore

Mr Liow Voon KheongGeneral ManagerEDB Investments Pte Ltd

Dr Loh Wah SingDivisional Director(Business Development)Institute of High PerformanceComputing

COL Loh Wai KeongHead Joint OperationsMinistry of Defence

Mr Saw Ken WyeGeneral ManagerAsia Pacific(Network Service Providers)Microsoft Singapore

Mr Seah Moon MingPresidentST Electronics Ltd

Ms Su YeangCEOCitigate Su Yeang Design Pte Ltd

Dr Toh See KiatChairmanGoodwins Law Corporation

Mdm Yeoh Chee YanDeputy Secretary(Community Developmentand Sports)Ministry of Community Developmentand Sports

Mr Zulkifli BaharudinSenior Vice PresidentAvitra Aviation Services Pte Ltd

Mr Loh Soo EngDirectorWing Tai Holdings Ltd

Dr Loh Wah SingSenior Vice PresidentTechnology GroupPSB Corporation Pte Ltd

RADM Ong Hung EngCommandantSAFTI Military Institute

Mr Saw Ken WyeGeneral ManagerAsia Pacific(Network Service Providers)Microsoft Singapore

Mr Seah Seng ChoonDirectorSkills Development DepartmentNTUC

Ms Su YeangCEOCitigate Su Yeang Design Pte Ltd

Mrs Tan Ching YeeDeputy Secretary (Policy)Ministry of Education

Dr N Varaprasad (up to 16 Dec 2001)

Principal & CEOTemasek Polytechnic

Mr Yeo Khee LengChief ExecutiveSingapore Tourism Board

Prof Yue Chee YoonDeanSchool of Mechanical &Production EngineeringNanyang Technological University

Mr Zulkifli BaharudinVice PresidentLogistics-Asia PacificEGL Asia Pacific Holdings Co Pte Ltd

2

Senior Management

Mr Boo Kheng HuaPrincipal & CEO

Mr Ang Keng LooDeputy Principal

Mr Edmond Khoo Keng GieDirectorStrategic & Quality Development, andInterdisciplinary & General Studies

Mrs Lily TeoDirectorFinance, Development & Estates

Mrs Chua Seow YingDirectorHuman Resource & Staff Development

Mrs Cheong-Soh Eng KhimRegistrar and DirectorStudent Services

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

Mrs Soon-Ong Meng WanDirectorTemasek Applied Science School

Mr Wong Loke JackDirectorTemasek Business School

Mr Alistair Leung Kam KuiDirectorTemasek Design School

Mrs Lay-Tan Siok LieDirectorTemasek Engineering School

Mr Tan Dek YamDirectorTemasek Information Technology School

5

Organisation Chart

Mr Yew Bok ChinDirectorComputer & Information Systems

Mrs Esther Ong Wooi CheenDirectorLibrary & Information Resources

Miss Evelyn ChongDeputy DirectorCorporate Communications

Mrs Soon-Ong Meng WanDirectorTemasek Applied Science School

Mr Wong Loke JackDirectorTemasek Business School

Mr Alistair Leung Kam KuiDirectorTemasek Design School

Mrs Lay-Tan Siok LieDirectorTemasek Engineering School

Mr Tan Dek YamDirectorTemasek InformationTechnology School

Mr Edmond Khoo Keng GieDirectorInterdisciplinary & General Studies

Mrs Lily TeoDirectorFinance, Development & Estates

Mrs Chua Seow YingDirectorHuman Resource & Staff Development

Mrs Sally Chew-Ong Gek TeeDirectorInternational Relations &Industry Services

Mrs Cheong-Soh Eng KhimRegistrar and DirectorStudent Services

Mr Edmond Khoo Keng GieDirectorStrategic & Quality Development

Mr George Yap Giok SengDirectorContinuing Education Centre

Ms Janet LynManagerInternal Audit Division

Dr Lynda Wee Keng NeoDeputy DirectorTemasek Centre forProblem-Based Learning

Mr Ang Keng LooDeputy Principal

Mr Boo Kheng HuaPrincipal & CEO

4

Milestones

2 April 2001H E President S R Nathanvisited TemasekPolytechnic and officiatedthe sealing of the 10th

Anniversary Time Capsule.

1 May 2001The Interdisciplinary andGeneral Studies Departmentwas established. Comprisingthe Centre for CharacterEducation, CurriculumDevelopment Division andTemasek Language Centre,it aims to develop, deliverand promote crossdisciplinary subjects thatwill broaden students’outlook beyond theirdiploma specialisation.

2 July 2001Commencement ofthe new Diploma inBiomedical Informaticsand Engineering byTemasek EngineeringSchool and the Diplomain Communicationsand Media Managementby Temasek BusinessSchool.

10 July 2001Temasek Polytechnicreceived the Public ServiceAward for OrganisationalExcellence, a premieraward given to recognisepublic service organisationswhich have attained keyorganisational excellencestandards.

28 August 2001Temasek Polytechnicsoft launched e.THos,one of the firste-learning programmesfor Tourism & Hospitalityin the region.

2 September 2001Temasek Polytechnicreceived the H.E.A.L.T.H.Award (Silver) for the3rd consecutive yearfrom the HealthPromotion Board.

7

19 September 2001Temasek IT Schoolstudents emergedchampions in two ITcategories in the 36th

World Skills Competition,an international contestthat provides a platformfor young skilled workersto distinguish themselvesin their vocation.

31 October 2001Temasek Polytechnic wonThe Enterprise Challenge(TEC) – Innovation IncubatorAward for two projectproposals: (1) System forTherapy Assessment &Rehabilitation Trainingthrough Simulation (STARTS);and (2) Problem-BasedLearning Education Modelfor Higher Education inSingapore.

11 December 2001Temasek Polytechnicwas awarded the ISO14001 certification forits EnvironmentalManagement Systems.

1 February 2002Minister of State forEducation and Manpower,Dr Ng Eng Hen andParliamentary Secretary,Ministry of Education,Mr Hawazi Daipi visitedTemasek Polytechnic.

23 March 2002Temasek EngineeringSchool won two SilverAwards, three MeritAwards, and sixCommendation Awardsin the Tan Kah Kee YoungInventors’ Award 2002.

6

Principal & CEO’s Report

After more than adecade of growth anddevelopment, TemasekPolytechnic (TP)continues to consolidateand prepare itself fornew challenges andopportunities ahead.

As the pace of globalisation quickensamidst a changing economic landscape,the challenge for TP is to remain relevant.As an educational institution whose roleis to support the continued growth ofSingapore, the Polytechnic has to remainnew economy-ready and industry-relevant. Our obligation to employers isto provide them with educated citizens anda capable workforce. For our students whoare our primary responsibility, we striveto provide them with the educationalexperience and learning opportunities thatwould stimulate them to achieve their bestpotential and enhance their employability.

TP has embraced a readiness-for-changemindset. It has been proactively puttingin place a flexible and adaptive academicsystem and curriculum structure thatwill allow it to respond to industry’s needsand at the same time cater to studentswith different learning abilities andinterests. This new academic architectureis aptly named FAST, which stands forFlexible Academic System for Temasek.With FAST, students will benefit from abroader based education as they can nowchoose from a wide selection of cross-disciplinary subjects apart from thediploma-specific subjects.

In striving for excellence in teaching,the Polytechnic has adopted Problem-Based Learning (PBL) as its centralpedagogy. PBL is an educationalphilosophy that simulates and emulatesreal world learning and seeks to equipstudents with strong process skills andself-directed learning abilities. Suchabilities and skills will put our graduatesin good stead and enable them to befuture-ready as they step into a worldof constant changes.

TP received funding support under TheEnterprise Challenge (TEC), to pilot PBL inHigher Education using the diploma inmarketing as a test bed. The Polytechnichas gone beyond the prototyping stage andfully implemented PBL in our diplomas inmarketing and computer engineering.Armed with this encouraging experienceand enthusiastic endorsement from bothgraduates and employers, TP is now poisedto embark on the next phase of the PBLjourney to promote the adoption of PBLacross the various courses and subjects.

9

In order to stay relevant in an increasinglye-enabled world, TP launched its e-Polyinitiative in end 2000. The first phase ofthe e-Poly development, which focuses onthe hardware and software architecture,is expected to be completed by end 2002with the initial roll out of the student portaland corporate website. The TP DigitalLibrary project is another key componentof the e-Poly initiative. When completed,it will provide students and staff withanytime and anyplace access toinformation and learning resources,creating a borderless state-of-the-artdigital library.

In the area of organisational development,TP is proud to receive the Public ServiceQuality Award for OrganisationalExcellence in July 2001. This premieraward is given to public serviceorganisations that have attained keyorganisational excellence standardssuch as the ISO 9001, People DeveloperStandard and Singapore Quality Class. Forits implementation of an effectiveEnvironmental Management System, thePolytechnic was awarded the ISO 14001certification in December 2001.

In the area of partnership development,TP continues to establish strategicalliances with leading global playersin areas where we can create synergywith our respective strengths. ThePolytechnic became Ericsson’s pioneeringtertiary institution partner to set up aMobile Internet Lab at our TemasekInformation Technology School. TemasekEngineering School was also one of thefirst tertiary institutions in Singapore tobe appointed as an Approved TrainingCentre for Nokia.

TP students had more than their fair shareof sterling performances and successesin national and international competitions.In particular, Temasek InformationTechnology students did Singapore and thePolytechnic proud at the 36th World SkillsCompetition, winning two gold medalswhile Temasek Engineering Schoolachieved an unprecedented feat bywinning 11 out of the 23 prizes at the TanKah Kee Young Inventors’ Award.

The year past has been a fulfilling one andwe look forward to the next with the sameeagerness and expectation. At TP, our staffare our primary strength and form thecapability foundation that determinesthe quality and excellence of all that wedo at the Polytechnic. I wish to thankthem for their commitment and dedicationin contributing to the progress anddevelopment of the Polytechnic.

I would like to take this opportunity tothank our Board members who completedtheir term in April this year, for theircontribution and support. I am pleased towelcome our new Board members whobring with them a wealth of experiencefrom their diverse backgrounds. I lookforward to working closely with the newBoard under the continued guidance ofMr Liew Mun Leong, our Board Chairman.Once again, let me express my gratitudeto the Board of Governors, School AdvisoryCommittees and our industry partners fortheir valued guidance and support.

Boo Kheng HuaPrincipal & CEO

8

SynergisticCollaborations

11

SYNERGISTICCOLLABORATIONS

Organisations thrive on successful partnerships.TP has strengthened its value-added partnershipswith leading companies and industry playersthrough the signing of important memorandaof understanding and agreements which ensurethat our courses are in line with the needs anddemands of industries. Significant ties werealso forged with both local and overseasinstitutions through training, visits, studentand staff exchanges.

SEALING PARTNERSHIPS

Memoranda of Understandingwith IndustryTP became Ericsson’s first tertiaryeducational institution partner to have aMobile Internet Lab established with theassistance of Ericsson when the TemasekInformation Technology School signed aMemorandum of Agreement (MOA) withEricsson Telecommunication Pte Ltd on13 July 2001. Under the agreement, bothparties will cooperate to nurture talent andproduce competent infocomm technologyspecialists for the Asia-Pacific region.

TP forged a new partnership with BorlandSoftware Corporation on 28 February 2002to enhance IT students’ learning and Javaapplication development skills. As aBorland Academic Partner, TemasekInformation Technology School will receivethe latest edition of Borland JBuilderEnterprise for evaluation as well as on-site training for academic and technicalstaff. The partnership with Borland willoffer our students the benefits of accessto knowledge and skills in developingadvanced Java applications.

Placements for local and overseas StudentInternship Programmes and a MentorshipProgramme for students by members ofthe Young Entrepreneurs’ Organisation

(YEO) were secured when a Memorandumof Understanding (MOU) was signedbetween YEO and Temasek BusinessSchool on 21 July 2001. The mentorshipprogramme will create a platform foraspiring Diploma in Business InformationTechnology students to be exposed to theideas and motivation of successfultechnopreneurs, and to learn to start upand manage a business.

Temasek Engineering School became thefirst tertiary institution in Singapore tobe appointed an approved training centre forNokia, a reputable industry leader in the fieldof wireless internet technology when anMOA was signed with Nokia on 13 July 2001to set up a Nokia Authorised Training Centrein WAP Application Development coursesand to jointly develop projects in thefield of mobile computing.

An MOU was signed between TemasekEngineering School and the SingaporeGeneral Hospital to collaborate in the fieldof Virtual Reality Simulations for LifeScience Laboratory Training and SurgicalEquipment Training on 30 May 2001.

Temasek Applied Science School and theAgri-Food & Veterinary Authority signedan MOU on 30 May 2001 to collaborate inthe research of hydroponic flood-anddrain aggregate cultivation of orchids.

10

Petri Markus, from Vaasa Polytechnic, Finland on a student exchangeprogramme to Temasek Information Technology School from Jan toMay 2002.

Temasek Design School’s InteractiveMedia Design (IMD) students had threeof their stories produced and airedby Channel NewsAsia during theirinternship period. The quality of theirwork impressed Channel NewsAsia whichled to the signing of an MOU withMediaCorp in September 2001. Under theterms of the MOU, second and third yearIMD students will produce stories forbroadcast by Channel NewsAsia. Atleast two stories will be selected forbroadcast annually.

Memoranda of Understandingwith Overseas InstitutionsMOUs were signed with overseasinstitutions during the year to collaboratein the areas of staff and studentexchanges and the sharing of expertise,knowledge and information. Theinstitutions included the WorcesterPolytechnic Institute, USA; Universityof Canberra, Australia; University ofWisconsin-Stout, USA; Ocean University ofQingDao, China; and Indiana UniversityPurdue University, Indianapolis, USA.

In December 2001, TP signed a four-partyagreement with the Institute for Designand Building Construction in Vienna,Austria; National University of Singaporeand novaCITYNETS to collaborate inresearch & development, and to shareexpertise, knowledge and informationin the field of activity relating toSEMPER-II (Simulation Environment forModelling Performance).

SEMPER-II involves the development of aweb-based design and performancesimulation environment which makes useof a dynamic real-time simulation andperformance prediction environment overthe Internet to conduct a virtualcollaboration design, modelling andengineering process.

UNITING WORLDS

TP has established links with variousoverseas institutions to provide industrialattachments for students and staffexchanges. We will continue to seekout alliances that will enhance ourinternational networking.

The set up of a Nokia Authorised Training Centre at TP with thesigning of an MOA between TP and Nokia.

13

TP, working through the InternationalRelations & Industry Services (IRIS)Department played host to a total of 752visitors during the review period.

TP also hosted several overseas delegationsfrom Hong Kong, Japan, Thailand andVietnam in the past year. Most of thesedelegates were government and provincialofficers, corporate executives and academicstaff who were here on study missions toknow more about the polytechnic educationsystem, and the use of information andcommunication technology in teaching andlearning in the polytechnic.

SHARING KNOWLEDGE ANDEXPERTISE

Since the launch of international trainingprogrammes in 1995, TP, working throughthe IRIS Department, has trained some870 participants from 75 countries. Inthe last financial year, a total of 12international training programmes wereconducted for some 250 participants from35 countries.

In the period of review, TP continuedto play an active role in conductinginternational training programmesfor regional economies. Most of thesewere conducted jointly with theSingapore Ministry of Foreign Affairsand international funding partners suchas the World Bank, Japan InternationalCooperation Agency, Economic & SocialCommission for Asia and the Pacific, andthe Commonwealth Secretariat.

New Training ContractsTP secured the running of two new contractsfor training in the area of educationalmanagement and teaching pedagogy; one for10 senior educators from Pakistan, and theother for three groups of science teachersfrom Sri Lanka. The one-week study visit on“Technical Vocational Education Training” forPakistan was conducted in August 2001 withfunding support from the Asian DevelopmentBank. The Sri Lanka project (October 2001 -March 2002) received funding support fromthe World Bank.

The Education Train-the-Trainers ProgrammeThe Education Train-the-Trainers Programmeis a new initiative mooted by Prime MinisterGoh Chok Tong at the 4th Association ofSoutheast Asian Nations (ASEAN) InformalSummit Meeting held in Singapore in 2001.This Initiative for ASEAN Integration aimsto help the new member countries integratefaster into ASEAN through skills developmentand educational programmes.

TP hosted several participants under thisprogramme. Four participants fromCambodia and Vietnam were onattachment to the Temasek LanguageCentre from 1- 31 October 2001. They weresenior education officers here to studyTP’s language programmes to bring homeworkable methodologies for integrationinto their own educational setting.

Classroom session of the Train-The-Trainers in Tourism Managementcourses sponsored by Japan International Cooperation Agency.

12

theCreating

Future

15

CREATINGTHE FUTURE

NEW INITIATIVES

Flexible Academic SystemIn the review year, TP introduced a newcredit-based academic system that willoffer greater flexibility and choice tostudents. The new academic systemnamed Flexible Academic System forTemasek (FAST) is one of TP’s strategicinitiatives to support the demands of thenew economy.

FAST will offer a more broad-basededucation to students through theprovision of three categories of subjects:the Polytechnic’s core subjects, thediploma subjects and cross-disciplinarysubjects. It will produce qualitygraduates who will have a goodgrounding in the fundamentals, lifeskills, character and a thirst forcontinuous learning. It will help ensurethat our graduates remain relevant.

FAST, to be implemented in July 2002,will provide students with more variededucational opportunities. It also aimsto provide contexts to nurture talent,challenge the more able, and providesupport to those who need more timeto learn and grow. The new systemallows students to take subjects beyondtheir discipline, encouraging learning andfostering the spirit of lifelong learningamong our students.

Multi-DisciplinesIn line with the strategic mission of TP toprepare school leavers for a future ofdynamic change, the Polytechnic’sInterdisciplinary and General StudiesDepartment was set up in May 2001. Thedepartment aims to create and deliverlearning experiences for students toexplore beyond their chosen disciplines,preparing them for the real world whereproblems and its associated solution oftencut across disciplines. It also takes chargeof two established centres, namely theCentre for Character Education andthe Temasek Language Centre, whichsupport some poly-wide programmesand activities.

Student Advisement ServicesThe Career & Course Advising Office cameinto operation on 21 August 2001. The officeis set up to provide information and guidanceto TP students and graduates in the choiceof subjects under FAST, areas of furthereducation at local/overseas universities, andpost-diploma career options.

NEW ASPIRANTS

AdmissionsInternational students enrolled for theacademic year came mainly from nearbycountries such as India, China, Myanmar,Vietnam to as far as the Maldives. TPcontinued with its efforts to provide

TP aims to be an institution of excellence inthe global education network. As a leadingeducational institution, we are committed todeliver the highest level of academic and serviceexcellence to our customers – our students andthe industry. The challenge for the Polytechnic isin developing its students with the right mindsetand skills to add value in the new knowledge-based economy.

14

international students with a caringenvironment. Immersion programmes wereorganised for new international students tofacilitate a smooth cultural and academictransition to Singapore and TP, and to fosterbonding among the new students.

New CoursesThree new courses were launchedduring JAE 2002. These were theDiplomas in Business Process & SystemsEngineering, Mobile & WirelessComputing and Biomedical Science. TheDiploma in Business Process & SystemsEngineering which offers an integrationof both engineering and businessprinciples received strong support fromthe industry.

The Diploma in Mobile & WirelessComputing will meet the market demandfor IT professionals with the knowledgeof mobile and wireless technologiesto support the vibrant infocomm industry.The industry-focused and practice-oriented training programme of theDiploma in Biomedical Science will meetthe demands of the fast-growingbiomedical science industries.

TP GraduandsThere were 4,604 graduands, 3,543full-time and 1,061 part-time in 2001.This was a 12% increase compared withthe previous review year. First-timegraduates came from the full-timeDiplomas in Consumer Science &Technology, Chemical Engineering,Internet Computing, and part-timeprogrammes like the Diplomain Management & Police Studies,Advanced Diploma in Police Studies,Specialist Diplomas in BroadbandMultimedia Development, LogisticsManagement, Multimedia Design,e-Business Management and Certificatesin Conveyancing Law and Commercial Law.

ENHANCING WORKFORCEEMPLOYABILITY

In response to the evolving need forlifelong learning in today’s knowledge-based global economy, TP offers highlyrelevant courses in many areas to sharpenthe competitive edge of working adultsand organisations.

New Part-time CoursesDuring the year in review, four new part-timecertificated courses were launched. Theseinclude the Certificate in Financial Services,Certificate in Commercial Law, Certificatein Conveyancing Law and Certificate inEditing and Editorial Management.

Diploma

SubjectsInstitution Fixed

holistic development

of individual

Cross-

Disciplinary

Subjects

TP Core

Subjects

Industry Fit

prepare students

for workplace

Individual Flexible

broad-based education

for continuous learning

A Diploma in Biomedical Science student performing UVSpectroscopic measurement.

FAST, TP’s new academic system, will encourage versatility and producedynamic, multi-disciplinary graduates.

17

First day of class for students taking the Specialist Diploma inHuman Resource Development.

ETHOS LOGO

Skills RedevelopmentProgrammeTP also offered Skills RedevelopmentProgramme courses and some of themajor clients included the ChineseDevelopment Assistance Council,Singapore Airport Terminal Services Ltd,Singapore Airlines, DHL International (S)Pte Ltd and Singapore TelecommunicationsLtd. The 11 courses offered during thereview year benefited 285 participants.

Short Courses for ProfessionalsA total of 75 Short Courses forProfessionals were conducted which drew1,190 participants. The more popularcourses included the Wafer FabricationTechnology, Liquid Crystal DisplayTechnology, Maths Tutoring ProficiencyCourse, Management of Media ResourceLibraries for Teachers, SAT PreparatoryCourse and Talking With Your Customers.

In addition, 45 customised courses wereconducted for 907 professionals fromvarious companies and governmentagencies. Some of our clients included theMinistry of Defence, Singapore Airlines,People’s Association, the Navy, the Airforce,Institute of Public Administration andManagement, Ministry of Education,Citibank, Singapore Airport Terminal ServicesLtd and National Trades Union Congress.Programmes in high demand included

courses on IT skills, design, e-commerce,AutoCAD software and marketing courses.

e-LearningBusinesses across all major sectorsrecognise the need to go online, the samegoes with providing an e-education forpeople who manage the businesses.On 28 August 2001, the Division ofHospitality & Tourism Management inthe Temasek Business School soft launchede.THos (e-learning for Tourism &Hospitality) for the workforce of theindustry. One of the first comprehensivee-learning training programmes in theregion, the programme provided two keydisciplines of study: Lodging & CateringBusiness and Travel & Leisure Business. Theeffort is partially funded by the InfocommDevelopment Authority of Singapore.

Adoption of DifferentLearning ModesThe Flexible Delivery System for theDiploma in Chemical Engineering waslaunched in 2001 to enable full-timeworking adults in the chemical industry topursue a diploma course that providesthem with the opportunity to upgradewhile coping with their heavy workcommitment. The system allows studentsthe flexibility of studying at their own paceover a period of three to five years througha combination of learning modes such asonline learning, face-to-face consultationwith lecturers and practical sessions atthe laboratories.

STUDENT INTERNSHIPPROGRAMME

Some 4,000 students went on industryattachment, both locally and overseas,where they could apply the knowledgegained and also enjoy hands-on training.The experience boosted their confidenceand taught them to be more independentand resourceful.

16

To prepare our students for the workingworld and in line with the government’s callto “Go Global”, students are encouragedto perform their internship overseas. Morethan 80 students were sent to 13 countriesand cities for the Overseas StudentInternship Programme. These includeAustralia, China, Finland, Hong Kong, India,Indonesia, Japan, Malaysia, Myanmar,Philippines, Thailand, UK and USA.

STUDENT ACHIEVEMENTS

New AwardsTP students have done well during thereview year. The Diploma in LegalStudies students participated in theChief Justice’s Award for JudicialeNovation Competition organised bythe Subordinate Courts. A team ofstudents came up with the idea of a One-Stop Law Centre where the public canaccess legal information freely andeasily. Their submission of “Bringingthe Law to the People” won anHonourable Mention together with a cashprize of $3,000, the only entry to havereceived such an award from amongmore than 40 other statutory boards andprivate law firms.

In November 2001, TP took the lion’sshare of the inaugural Crowbar Awards,a gala annual advertising event. For thefirst time ever, The Student CreativeCircle Award was created for studententries which were benchmarked withthe best in the industry.

Temasek Design School clinched 22Crowbar finalist and eight Crowbar winnerawards. Final-year Visual Communicationstudent Genevieve Tan also won the Bestof the Best Award (Design category),winning a 2-week fully-paid internship withFallon in Minneapolis. Fallon is reputedto be one of the best advertising agenciesin the world.

International AwardsTemasek Information Technologystudents, Tan Kian Ann and Nicholas Chungemerged champions in two IT categoriesin the 36th World Skills Competition, heldin Seoul, Korea from 6-19 September2001. Besides winning the gold for theSoftware Applications category, Tan KianAnn also won his second gold medal forbeing the best contestant amongst allcontestants from Singapore. NicholasChung won a gold medal for being the bestin the PC Support and Network category.

Six final year Diploma in Marketingstudents emerged Champion in theAsia Pacific Region championship for

36 WORLD SKILLS COM

Tan Kian Ann and Nicholas Chung emerged champions in twoIT categories at the 36th World Skills Competition 2001.

Students from the Diploma in Legal Studies won an Honourable Mentionat the Chief Justice’s Award for Judicial eNovation Competition.

19

their submission on an integratedmarketing communication proposal forBusinessWeek at the 6th InternationalAdvertising Association Competition inNew York, USA.

Local AwardsTemasek Engineering School bagged arecord 11 Awards at the Tan Kah Kee YoungInventors’ Award 2002 on 23 March 2002.The Awards included two Silvers, three MeritAwards, and six Commendation Awards. TheSchool also performed well at the SingaporeRobotic Games 2001 from 15-17 May 2001,winning eight Awards: two Golds, threeSilvers, two Bronzes and one Special Award.

In DanceWorks!, organised by CentralNarcotics Bureau, in conjunction withthe Anti-Drug Abuse Campaign in April2001, the TP Dance Ensemble won thechampionship and first runner-up titles,as well as the Best Costume title.

Our Lifesaving Team emerged first inthe Men’s 100m Saving A Victim (RescueTube) event at the National LifesavingChampionships held in April 2001.

Lee Kuan Yew - STEP AwardAngeline Liew, a student from theDiploma in Applied Food Science &Nutrition of the Temasek Applied ScienceSchool, was presented with the LeeKuan Yew - STEP Award 2001 (The LeeKuan Yew Scholarship to EncourageUpgrading) which carries a one-off cashaward of $5,000. This is an outstandingachievement as this prestigiousscholarship is only awarded to the topfive polytechnic students who enrol inlocal universities.

ALUMNI

The first Temasek Alumni Day on25 August 2001 saw the launch of theAlumni Card and the Alumni Icon. TheAlumni Portal which enables ourgrowing community of graduates of23,000 strong to connect with eachother and with TP, was launchedon 23 November 2001.

TP held its first online career fair from1 February to 15 March 2002. As an onlinevenue for employers to reach out tograduating students and alumni, theonline career fair was a joint effort of thefour polytechnics: Nanyang, Ngee Ann,Singapore and Temasek polytechnics.Forty-six companies and more than 1,037TP graduates and final year studentsparticipated in the fair.

Angeline Liew, winner of theLee Kuan Yew – STEP Award2001, with her lecturers.

Robot, “Black Belt”, chaperoned bystudent, Benjamin Wu, won a gold atthe Singapore Robotic Games 2002.

Project, “Marker Refiller” clinched one of TP’s two silver awardsat the Tan Kah Kee Young Inventors’ Award 2002.

18

Human CapitalHarnessing

21

HARNESSINGHUMAN CAPITAL

Our people remains our primary strength andprimary asset. TP as a progressive organisationbelieves in investing in and rewarding the talentthat forms the heart of the Polytechnic. Continualacquisition of relevant skills and knowledge willhelp staff stay relevant and competitive in theeducational global network. To foster a learningculture, training opportunities abound for all staff.

STAFF MOVEMENT

The year started with 738 academic staffand 581 non-academic staff making a totalof 1,319 staff. By 31 March 2002, the staffstrength has grown to 753 academic staffand 631 non-academic staff bringing thetotal to 1,384. This is an increase of 15academic staff (or 2.8%) and 50 non-academic staff (or 8.6%) over the last year.

Foreign staff constituted 7.7% of theacademic staff population.

A LEARNING ORGANISATION

Online Learning NeedsAnalysis SystemTP is a strong supporter of lifelonglearning. During the year, the competency-based electronic Learning Needs Analysis(eLNA) system was developed, tocomplement the existing Staff TrainingSystem.

With the eLNA system, staff competencygaps can be analysed online and suitableprogrammes to close the gaps identifiedand included in the Total Learning Plan.The eLNA system was rolled out inFebruary 2002.

Commitment to TrainingTP’s training expenditure as a percentageof payroll was 3.44% for 2001/2002.The average training hours per staff wasabout 86.4 hours for the period, abovethe benchmark of a minimum of 40hours per staff set by the PeopleDeveloper Standards.

A total of 378 in-house trainingprogrammes were organised for alllevels of staff in the areas of informationtechnology, communication, team building,personal and interpersonal effectivenessand Problem-Based Learning.

Staff members were also developedunder TP’s core programmes forcompetencies that reflect the strategicthrusts and values of TP. These are theservice quality programmes from theSingapore Quality Centre and personaleffectiveness programmes from theCovey Leadership Centre.

Academic Staff DevelopmentDuring the review period, 84 new academicstaff attended the Academic Staff InductionProgramme which provided new academicstaff with critical pedagogical skills toenhance their effectiveness as educators.

20

In the review year, 110 academicstaff embarked on the Teaching in HigherEducation Certificate (THEC) programmewhile another 41 lecturers registeredfor the Higher Education TeacherAccreditation Programme (HETAP). A totalof 50 lecturers from the THEC and HETAPprogrammes received the Staff &Educational Development Association(UK) accreditation.

The Workshop Festival held from 27-30November 2001 marked the firstcollaborative venture between lecturersfrom the Schools and the Staff andEducational Development Division of theHuman Resource and Staff DevelopmentDepartment. A total of 15 workshops onlearning and teaching were conductedwith the attendance of 143 staff.

Staff Development ConferenceThe 5th Annual Staff DevelopmentConference was held from 24-25 October2001 with the theme “Innovations in aLearning Organisation”. About 600 staffattended the Conference. ProfessorDavid Merrill from the Utah State University,a renowned speaker in the field ofInstructional Technology and Mr AnthonyYeo, Clinical Director, Counselling and CareCentre were the keynote speakers. Aspecial feature of this year’s conferencewas the provision of workshops specificallyorganised for administrative staff.

Mentoring NetworkA new mentoring initiative to developthe professional identity of academicstaff in TP was launched on 27 November2001. Senior Management andExcellence Award winners were invitedto participate in this network whichserves to build a community of mentors

in TP. Their primary responsibility is toguide, advise, counsel and support theirprotégé in educational principles, androle-model innovation and best practices.

A QUALITY CULTURE

Our focus on continual improvementensures that the Polytechnic strives to

Academic staff bonding at an experiential learning session.

Academic staff picking up vital teaching skills during the StaffInduction Programme.

23

achieve the highest quality standards inall areas.

TP joined the PSB Best Practice Networkand chaired the Service 1 network: anetwork in which best practice projectswere identified and project groupsformed by some 10 Singapore Quality

Class (SQC) organisations to facilitate thelearning and application of the bestpractices from each other and that ofother leading organisations. Withthe opportunity for learning and sharingwith other SQC organisations, twoprojects on employee involvement andorganisational culture were completed.

TP held its third Quality RecognitionDay on 25 April 2001. The event not onlycreated ongoing awareness of a qualityculture among staff but also celebratedquality achievements and recognisedcontributions by staff to TP’s qualityjourney. The event also witnessed TPbeing presented with the ISO 9001certificate by Dr Steve Lai, Chairman, PSBCertification Pte Ltd & Deputy CEO, PSBCorporation Pte Ltd.

STELLAR ACHIEVEMENTS

TP received the coveted Public ServiceAward for Organisational Excellence on 10July 2001, a premier award given torecognise public service organisationswhich have attained key organisationalexcellence standards.

In December 2001, TP was awardedthe ISO 14001 certification for the“Provision of education, training, industryservices, and its supporting services inthe fields of applied science, business,design, engineering and informationtechnology”. TP was commended foreffectively implementing an environmentalmanagement system that meets therequirements of the standard.

TP won The Enterprise Challenge (TEC) -Innovation Incubator Award for twoproject proposals which were approved

EVENT PIX

Mrs Esther Ong, Director, Library and Information Resources Department,receiving the Outstanding School/Department - Work Improvement TeamParticipation Award during the Quality Recognition Day.

TP was presented thePublic Service Awardfor OrganisationalExcellence, in recognitionof its attainment of keyorganisational excellencestandards.

22

by TEC. The first project was the Systemfor Therapy Assessment & RehabilitationTraining through Simulation for Tan TockSeng Hospital. The second project wasthe development of a Problem-BasedLearning Education Model for HigherEducation in Singapore. The award, givento every Incubating Agency, aims tohighlight and recognise agencies thathave taken the initiative to create anenvironment conducive to TEC innovation,and to provide support for staff memberspursuing TEC proposals.

TP received the Singapore H.E.A.L.T.H.Award (Silver) for the third consecutiveyear from the Health Promotion Board.

Our staff also did us proud. Mrs ChuaSeow Ying, Director, Human Resourceand Staff Development Departmentreceived the award for Organisation andMost Supportive Boss under theSports ACE Award presented by theSingapore Sports Council. Mr RaymondYuen, Section Head for the Wellnessteam also received the H.E.A.L.T.H.Promoter Award.

TRACKING STAFFSATISFACTION LEVELS

A total of 834 staff representing 62%of TP staff participated in the AnnualEmployee Opinion Survey in Oct 2001which was part of TP’s ongoing effort togather feedback from staff on workplaceissues. Opportunity for learning andgrowth and TP’s environment wereareas in which staff were most satisfiedwith. Employee satisfaction with TPon the whole increased from 73.8%to 75.4%.

TOTAL WELLNESS

Wellness activities continued to bea regular feature in our corporatecalendar. For the fourth consecutiveyear, participation in wellness activitieshas been increasing at a significantrate. Starting in 1997 with 20% which

PM Goh presenting the H.E.A.L.T.H. Promoter Award toRaymond Yuen, Section Head of the Wellness team.

Looking at kingfishers during a Parent & Child nature walk, organisedas part of TP’s wellness efforts.

2524

is the current average participationlevels of many workplace healthpromotion programmes, it soaredto 80% in 2001.

A new programme targeted atsenior management was launchedon 30 October 2001. The LeadersExempl i fy ing Al l Dimensions ofWellness (LEAD Well) Programmeattempts to cover the many aspects ofwellness to further enhance the qualityof life holistically. Modelled along thesame concept as the Balanced LifestyleIncentives System (BLIsS), a systemwhere staff chalk up wellness pointswhen they participate in wellnessactivities, the LEAD Well programmerewards awareness, adoption andactualisation through the accumulationof LEAD points.

In addition to the 13 in-house sportsactivities organised by the Staff WellnessSection, more than 800 staff and theirfamilies took part in the SingaporeSports Council’s Sports for Life WalkAssessment held in May and September2001. In the health screening that tookplace from 24 - 27 September 2001, 282staff and their families participated inassessing their physical health status.

GOOD UNION RELATIONS

In the promotion of good labour-management relations, a new collectiveagreement was signed with theAmalgamated Union of Public Employees(AUPE) on 28 March 2002. The newagreement will be in force for threeyears from 1 April 2002.

TP staff putting their best foot forward at the Sports For Life walk.

Senior officials from TP and AUPE, and TP AUPE Branch committeemembers at the signing ceremony of the new collective agreement.

24

andEnergy

Excitement

27

Inte

grat

ed

Knowledge

Problem-s

olvin

gS

kills

Self-directed

LearningSkills

Team

workReal World Problemsas Curriculum

Studentas

ProblemSolver

Teacher asActivator/Facilitator

Education Outcomes

Traditional Vs. AuthenticProblem-Based Learning Model

Teacher

Content asCurriculum Student

Source: Wee & Kek (2002)

ENERGY ANDEXCITEMENT

The rapid changes brought about by innovationsin new technologies and globalisation give riseto new and complex problems, which test theboundaries of traditional disciplines. To meetthese challenges, educationists and businessprofessionals must embrace a new philosophyof education and training that seeks to developcompetencies to meet real world challenges.

26

PROBLEM-BASED LEARNING

TP took a bold step with the introductionof Problem-Based Learning (PBL) in theacademic architecture of the Polytechnic.

PBL is an inquiry-based education modelthat places students at the centre of thelearning process in a learning environmentthat mirrors the working world. Real-worldproblems drive inquiry learning and providethe motivation for problem-solving,development of life-long learning skillsand the learning of content in an integratedand meaningful context. The lecturer’s roleis transformed from one of being a “sageon the stage” to that of the “guide bythe side”. They take on the role ofskilled tutors to activate and facilitate thelearning process.

Temasek Centre for Problem-Based LearningThe Centre serves toestablish a learningculture of problemsolving, entrepreneurialthinking, self-renewaland teamwork. Itpromotes the adoptionof authentic PBL byintegrating informationfrom all disciplinesthrough curriculum

design, delivery, assessment and research.It also provides training for academic staffto adopt this new teaching approach andconsultancy services in PBL.

During the review year, TP has increasedadoption of PBL with the launch of a numberof initiatives by the Temasek Centre forProblem-Based Learning. The Centreorganised a PBL workshop for the seniormanagement to facilitate theirunderstanding of PBL so that they wouldbe able to support staff who have adoptedthis innovation.

The Centre also launched its PBL-in-Action monthly knowledge-sharing sessionsand the PBL Skills Based Workshop, andconducted staff forums to promoteunderstanding of PBL from the perspectivesof course leaders, practitioners and studentswho have made the PBL journey.

THE VALUE-ADDED EDGE

In the year under review, more facilitieshave been added to support the teachingof courses and to improve the welfare ofthe staff and students.

To facilitate the delivery of a new Diplomain Communications & Media Management,a computer laboratory, and a Newsroomand Publishing Room were completed inAugust 2001.

New research laboratories for theHybridoma Molecular Biology Labs havealso been completed. Other improvementof teaching facilities included the relocationof the CyberCentre to larger premises,providing more IT facilities for students.

The third and final phase of the weatherprotection project was completed inSeptember 2001. The project included thebuilding of sheltered linkways connectingthe Plaza to the coach and taxi lay-bys,the canopies at the Plaza, and the verticalrain shields at the school concourses.

LEVERAGING TECHNOLOGYFOR IMPROVEDPERFORMANCE

ePolyIn fostering a world-class infocommenvironment in TP, we have exploitedinformation technology to streamline workprocesses. ePoly is TP’s initiative to rideon the infocomm technology wave andoffer its services online, including thedelivery of its courses in a more effective,efficient and convenient way.

In the past year, the hardware andsoftware infrastructure for ePoly havebeen set up, the ePoly architecture andframework developed and the ePoly portaldesigned, with three more services added:

the Alumni Portal System, Learning NeedsAnalysis System and Community &Personal Development System.

IT TransformationWe leverage on technology to transformthe way we interact with our customers.To cater to lifestyle changes, TP has alsostarted the dissemination of informationvia SMS – with the first service being thedissemination of examination results.

TP’s Digital Library System project kicked-offin October 2001 to transform the TP Libraryinto a high-tech, state-of-the-art digital library.

State-of-the-art facilities for Diploma in Communications & MediaManagement students.

The e-Poly framework for Temasek Polytechnic.

29

The aim of the project is to provide studentsand staff with timely and convenient accessto information and learning resources with aone-stop single search facility.

GOOD CORPORATECITIZENSHIP

The past year saw TP continue its efforts tocontribute to the community and to care forthe environment. Service to the less fortunatehas been the mainstay of the Polytechnic’s

ethos. The spirit of compassion, empathy,generosity and caring is one that has beenembraced by both staff and students.

National Green and CleanMovementIn conjunction with the National Green andClean Movement, TP held its second TreePlanting Day on 3 November 2001. Thelandscapes at the Plaza, Triangular Gardenand West Gate were upgraded and a newlandscape was created at the Garden GrillBBQ area. The irrigation system was alsoupgraded to facilitate the use of recycledrainwater for the landscapes.

Mentoring Students in theCommunityThe Tutoring and Mentoring Schemesponsored by British Petroleum isone whereby student volunteersbecome mentors to students fromneighbourhood primary and secondaryschools. More than 60 studentsparticipated in the programme duringthe review year.

Lecturer, Ms Marie Chan received theOutstanding Advisor Award during the 6th

Annual BP Mentoring Awards Ceremony& Carnival on 15 September 2001. Mariewas the only Mentor Advisor to receivethis award in Singapore.

Fund-Raising for the LessPrivilegedIn partnership with the Community Chestof Singapore, TP staff and students raisedmore than $274,000 for the SingaporeSchool for the Visually Handicapped andthe TP Endowment Fund by organising agala charity dinner held at the TemasekConvention Centre. The event “An eveningwith Isabella Rossellini” saw the actress,model and writer sharing her lifeexperiences with the guests.

Children from TP’s on-campus childcare centre contributing their bitduring Tree Planting Day.

Celebrity, Isabella Rossellini interacting with students before the startof the charity gala dinner.

28

DUCK RACE EVENT

To raise funds for the Spastic Children’sAssociation of Singapore, the Children atRisk Empowerment Fund and The StraitsTimes School Pocket Money Fund, morethan 500 TP students were mobilised asvolunteers from 13 October to 2 December2001 for The Straits Times Million DollarDuck Race 2001, with a total of $45,000raised for the charities.

Promoting VolunteerismTP participated in the “Making A DifferenceMovement” in December 2001 (an activityco-organised with the Heartware Networkand National Volunteer Centre to generatemore proactive involvement of youths incommunity service). Within a month, TPstudents assisted the Girls Brigade to getmore than 13,000 members of the publicto pledge 32,000 good deeds, with morethan 48,000 hours of volunteer time tosupport the movement and also raised$52,000 for The Straits Times SchoolPocket Money Fund.

Mural Painting for newNational Library BuildingA group of 50 first year Diploma inInterior Architecture and Designstudents in the Temasek Design Schoolparticipated in the mural designcompetition for the new National Librarybuilding site at Victoria Street. Fourdesigns were chosen for painting on thesite hoarding, which will remain until thelibrary is completed in 2004. Some 100staff and students from the TemasekDesign School were involved in thepainting of the murals.

North-East Community ProjectTemasek Design School and the North-East Community Development Councilcollaborated on the “Life in the North-East” Sculpture Competition. Thecollaboration aimed to create a stronger

sense of belonging and identity for theNorth-East community and to encourageTP students’ involvement in thecommunity. The sculptures, designed byfirst year students from the School’sDiplomas in Product and IndustrialDesign and Visual Communication,portrayed the unique characteristics ofAljunied, Pasir Ris and Tampines GRCs.

International Students inCommunity ServiceTP international students participated incommunity service projects as a way toimmerse in the social and cultural life of thelocal community. International students visitedhomes of the elderly and helped raise funds

Student volunteers help raise funds for The Straits Times Million DollarDuck Race 2001.

Temasek Design School students painting their winning murals on thehoarding at the National Library’s new site at Victoria Street.

31

FIRE FIGHTING

for charity organisations. To enhance thesense of identity with the North-East districtand to promote community participation indistrict-wide events, more than 60international students staged two danceperformances at the North-East CommunityDevelopment Council’s “Stars on Parade” inFebruary 2002.

SEEKING THE BEST

In its continuing quest to promote TP as aninnovative and vibrant educational institutionto secondary school students, the CorporateCommunications Department embarked onprogrammes targeted at bringing TP closerto its customers and partners.

REACHING OUT TO OURCUSTOMERS AND PARTNERS

A constant challenge for the polytechnicis to create greater public awareness ofits programmes. The PolytechnicOutreach Centre (POC) brought TP to theheartlands by organising a series ofroadshows at public venues such as theNational Library branches, communityclubs and Borders bookstore. The mainobjective of these roadshows was toprovide an avenue for GCE O level schoolleavers and their parents to explorepolytechnic education as a viable furthereducation option. To establish betterrapport with secondary schools, one ofTP’s key partners, the POC alsoorganised visits by TP’s seniormanagement to targeted schools.

EMERGENCY PREPAREDNESS

TP’s Emergency Planning Task Force wasset up in October 2001 to prepare, launchand exercise the emergency system poly-wide on an ongoing basis. Over the pastyear, Emergency Preparedness awarenessbriefings were conducted to familiarisestaff with the Polytechnic’s overallemergency plan. Evacuation drills wereconducted for the Library and the TemasekBusiness School. More than 200 staff,vendors and canteen operatorsparticipated in the drills.

NATIONAL EDUCATION

In support of the national efforts to cascadethe National Education messages tostudents and staff, six National EducationStudent Forums and three staff dialoguesessions were organised and well attendedby students and staff. Learning journeys tovarious historical sites in Singapore werealso conducted for staff.

Senior Management staff visiting Pasir Ris Secondary School as partof TP’s school outreach programme.

Staff get hands-on fire-fighting experienceas part of Emergency Preparedness.

30

Corporate Information

Development and Administration Committees

School Advisory Committees

Senate

Universities Offering Advanced Standing

Scholarships

Academic Award/Prize Sponsors

Student Intake & Enrolment by School

Full-Time Courses (Academic Year 1995/1996 to 2001/2002)

Student Intake & Enrolment by Diploma

Full-Time Courses (Academic Year 2001/2002)

33

ChairmanMr Yeo Khee LengChief ExecutiveSingapore Tourism Board

MembersMr Boo Kheng Hua (w.e.f. 17 Dec 2001)

Principal & CEOTemasek Polytechnic

RADM Ong Hung EngCommandantSAFTI Military Institute

Mr Seah Seng ChoonDirectorSkills Development DepartmentNTUC

DEVELOPMENT AND ADMINISTRATION COMMITTEES

Administration Committee (up to 15 April 2002)

ChairmanMr Lim Kok Min, JohnChairmanSenoko Power Ltd

MembersMr Boo Kheng HuaPrincipal & CEOTemasek Polytechnic

Mr Chan Yeng KitDeputy Secretary (Policy)Ministry of Education

Mrs Tan Ching YeeDeputy Secretary (Policy)Ministry of Education

Dr N Varaprasad (up to 16 Dec 2001)

Principal & CEOTemasek Polytechnic

Prof Yue Chee YoonDeanSchool of Mechanical &Production EngineeringNanyang Technological University

COL Loh Wai KeongHead Joint OperationsMinistry of Defence

Dr Toh See KiatChairmanGoodwins Law Corporation

Administration Committee (with effect from 16 April 2002)

32

Development Committee (up to 15 April 2002)

ChairmanMr Loh Soo EngDirectorWing Tai Holdings Ltd

MembersMr Boo Kheng Hua (w.e.f. 17 Dec 2001)

Principal & CEOTemasek Polytechnic

Mr Lee How ShengDirector (Human Resource)Ministry of Home Affairs

Dr N Varaprasad (up to 16 Dec 2001)

Principal & CEOTemasek Polytechnic

SCHOOL ADVISORY COMMITTEES

Temasek AppliedScience SchoolAdvisory Committee

ChairmanDr Loh Wah SingDivisional Director(Business Development)Institute of High PerformanceComputing

Deputy ChairmanMrs Soon-Ong Meng WanDirectorTemasek Applied Science School

MembersMs Ang Hui GekManager, PharmacySingapore General Hospital

Mr Leslie John CheongHeadTechnology Development & Services BranchAgrotechnology DivisionAgri-Food & Veterinary Authority

Mr Chua Song KhimChief Executive OfficerNational University Hospital

Mr Lee Chow KuanSupply Chain ManagerThe Polyolefin Company

Dr Lien Wen Sze (up to 31 Aug 2001)

Group ManagerProduct DevelopmentNestle R & D Centre Pte Ltd

Mr Foo Check Woo (w.e.f. 2 Aug 2001)

Group ManagerScientific SupportNestle R & D Centre Pte Ltd

Dr Lin YueMedical Affairs DirectorMedical Affairs DepartmentGlaxoSmithKline

Ms Loh Chin SiewHeadBioMedical Sciences GroupEconomic Development Board

Assoc Prof Pua Eng ChongHead, Plant GeneticEngineering LaboratoryDepartment of Biological SciencesNational University of Singapore

Dr Kannappan ThangarajManufacturing ManagerSchering-Plough Ltd

Temasek Business SchoolAdvisory Committee

ChairmanMr Zulkifli BaharudinSenior Vice PresidentAvitra Aviation Services Pte Ltd

Deputy ChairmanMr Wong Loke JackDirectorTemasek Business School

MembersAssoc Prof Hwang Soo ChiatAssociate ProfessorSingapore Management University

Mr Neil JacobsRegional Vice President &General ManagerFour Seasons Hotel Singapore

Mr Kon Yin TongPartnerFoo Kon Tan Grant Thornton

Dr James LohManaging ConsultantUnidegree Consultancy

Mr Naresh Mahtani (up to 1 Jun 2002)

DirectorUniLegal Limited Liability Corporation

35

Senior Management

Mr Chelva RetnamRajah, Senior CounselSenior PartnerTan Rajah & Cheah

Dr Chitra RajaramEditor, Tamil MurasuSingapore Press Holdings Ltd

Ms Tan Beng Tee (up to 1 Jun 2002)

DirectorInternational Singapore Companies GroupInternational Enterprise Singapore

Mr Tan Soo JinManaging DirectorGattie-Tan Soo Jin ManagementConsultants Pte Ltd/Amrop Hever Group

Mr Yap Puay BengBusiness Development Consultant(Tourism)Pacific Century Cyber Works

Temasek Design SchoolAdvisory Committee

ChairmanMs Su YeangCEOCitigate Su Yeang Design Pte Ltd

Deputy ChairmanMr Alistair Leung Kam KuiDirectorTemasek Design School

MembersMr Andrew ChengVice President, Production ServicesMediaCorp Studios Pte Ltd

Mr Barry Hill (up to 31 Aug 2002)

Regional DirectorDavenport Campbell (S) Pte Ltd

Mr Chris L C KohDirectorPacific Garment Manufacturing Pte Ltd

Mrs Celia Loe (up to 31 Aug 2002)

DirectorFirst Stop Pte Ltd

Mr Low Cheaw HweiSenior Design Account DirectorAudio, GlobalPhilips Electronics Singapore Pte Ltd

Mr Patrick LowExecutive Creative DirectorDentsu Young & Rubicam

Mr Mok Wei Wei (up to 31 Aug 2002)

Managing DirectorWilliam Lim Associates

Mr Simon OngGroup Executive DirectorKingsmen International Pte Ltd

Mr Peer Sathikh (up to 31 Aug 2002)

Managing DirectorInovasia Design Pte Ltd

Mr Desmond SimManaging DirectorThe Green House

Mr Nigel SmithManaging DirectorDesign in Action (S) Pte Ltd

Mr Tan Kay Ngee (up to 31 Mar 2002)

Managing DirectorKNTA Architects

Mr Sebastian TanManaging Director/PrincipalPhotographerShooting Gallery/Wishing Well

34

Ms Shona Tan (up to 31 Mar 2002)

Deputy DirectorDesign Centre & Corporate CommunicationsSingapore Trade Development Board

Mr Yong Poh Shin (up to 31 Aug 2002)

Managing DirectorRoyal Selangor (S) Pte Ltd

Temasek EngineeringSchoolAdvisory Committee

ChairmanMr Chan Meng WahAlexander (up to 15 Apr 2002)

Executive DirectorMMI Holdings Ltd

Mr Seah Moon Ming (w.e.f. 16 Apr 2002)

PresidentST Electronics Ltd

Deputy ChairmanMrs Lay-Tan Siok LieDirectorTemasek Engineering School

MembersDr Lap ChanR & D DirectorChartered Semiconductor Manufacturing Ltd

Dr Chia Kay Hua, JeremyManaging DirectorUtopia Group of Companies

Assoc Prof Chong Chee LeongDirectorNUS-SPRING Centre for Best PracticesNational University of Singapore

Assoc Prof Kam Chan HinVice Dean (Academic)School of Electrical & ElectronicEngineeringNanyang Technological University

Mr Koh Whatt HinDirector of EngineeringStorage Systems DivisionNetworking Hardware DivisionIBM Singapore Pte Ltd

Mr Pang Toh Kang (up to 1 Aug 2002)

Executive Vice-President(Business Development – International)PWD Consultants Pte Ltd

Mr Phoon Wai MengGeneral ManagerAgilent Technologies (S) Pte Ltd

Mr Tan Tong Hai (up to 1 Aug 2002)

President/CEOPacific Internet Limited

Mr Wee Kim Tien, ChristopherDirector of EngineeringIMT Pte Ltd

Mr Wu Tek MingChief Executive OfficerPSB Certification Pte Ltd

With effect from 1 June 2002

COL (NS) Larry AngProject DirectorBioInformatics Institute & Secretariat,BioMedical Grid Task ForceBioInformatics Institute

Mr Cheah Chow SengVice President and General ManagerWorldwide Manufacturing Imaging &Printing Supply Chain OperationHewlett Packard (S) Pte Ltd

Mr Chue Fook CheeSenior Vice-PresidentM&E Engineering DivisionPWD Consultants Pte Ltd

37

Mr Raymond LimDirectorCorporate ServicesNational Library Board

Mr Lo Yoong KhongDeputy DirectorManpower DevelopmentInfocomm Development Authority ofSingapore

Mr Robert TanManaging DirectorPericon.com Pte Ltd

Mr Jimmy YeohIT ManagerDHL International (S) Pte Ltd

Senate

Senate is the main and final body inthe Polytechnic that determines theacademic standards of all courses offeredby TP. Senate approves the variouscourses of study, setting the minimumentry requirements to these courses,and approving the curriculum andthe assessment criteria. Senate alsoperiodically reviews the various coursesof study.

Senate is chaired by the Principal & CEO.Senate comprises Deputy Principal,Registrar, Directors of the AcademicSchools, appointed members andelected members.

Mr Andrew LimRegional DirectorEducation and Research, Asia SouthSUN MicroSystems Pte Ltd

Prof Lun Kwok ChanProfessor and Vice-Dean (Academic)and IMIA PresidentSchool of Biological SciencesNanyang Technological University

Temasek InformationTechnology SchoolAdvisory Committee

ChairmanMr Saw Ken WyeGeneral ManagerAsia Pacific(Network Service Providers)Microsoft Singapore

Deputy ChairmanMr Tan Dek YamDirectorTemasek Information Technology School

MembersMr Keith BudgeManaging DirectorOracle Systems S.E.A. (S) Pte Ltd

Mr Bill Chang (up to 27 Aug 2001)

Country Manager, SingaporeCisco Systems (USA) Pte Ltd

Mr Thomas Yong (w.e.f. 5 Sep 2001)

Senior Sales Manager (for Government& Education)Cisco Systems (USA) Pte Ltd

Mr William ClaxtonManaging DirectorOpenAsia Solutions Pte Ltd

Dr Leong Mun KewSenior Member, Research StaffKent Ridge Digital Labs

SENATE36

AustraliaUniversity of AdelaideAustralian National University

(ANU)Australia Maritime CollegeUniversity of CanberraCurtin University of TechnologyCharles Sturt UniversityDeakin UniversityEdith Cowan UniversityFlinders University of South AustraliaGriffith UniversityInternational College of Hotel

ManagementLa Trobe UniversityMacquarie UniversityUniversity of MelbourneMonash UniversityMurdoch UniversityUniversity of New EnglandUniversity of New South WalesUniversity of NewcastleUniversity of QueenslandQueensland University of

Technology (QUT)Royal Melbourne Institute of

Technology (RMIT)Southern Cross UniversitySwinburne University of TechnologyUniversity of South AustraliaUniversity of SydneyUniversity of TasmaniaUniversity of Technology, SydneyUniversity of Western AustraliaUniversity of WollongongVictoria University of TechnologyCentral Queensland UniversityTasmania College of Art and DesignUniversity of Western Sydney

CanadaUniversity of AlbertaUniversity of Lethbridge

McMaster UniversityRyerson Polytechnic UniversityUniversity of TorontoOkanagan University CollegeSimon Fraser UniversityUniversity of Victoria

Hong KongCity University of Hong Kong

United KingdomUniversity of AberdeenUniversity of Abertay DundeeAnglia Polytechnic UniversityAston UniversityUniversity of BathUniversity of BelfastUniversity of BirminghamBirmingham College of Food,

Tourism & Creative StudiesUniversity of BournemouthUniversity of BradfordUniversity of BuckinghamUniversity of Central England in

BirminghamUniversity of Central LancashireCoventry UniversityUniversity of East LondonDe Montfort UniversityUniversity of DundeeUniversity of East AngliaUniversity of EdinburghUniversity of EssexUniversity of GlasgowGlasgow School of ArtUniversity of GreenwichUniversity of HuddersfieldHeriot-Watt UniversityUniversity of HullUniversity of Kent at CanterburyUniversity of LancasterUniversity of LeedsLeeds Metropolitan University

University of LeicesterUniversity of Lincolnshire &

HumbersideUniversity of LiverpoolUniversity of London: GuildhallUniversity of London: King’s CollegeUniversity of London: Queen Mary

& Westfield CollegeUniversity of London: Royal

HollowayUniversity of London: University

CollegeUniversity of LoughboroughUniversity of LutonManchester Metropolitan UniversityMiddlesex UniversityUniversity of ManchesterUMISTUniversity of NapierUniversity of Newcastle (Upon Tyne

in UK)University of Northumbria at

NewcastleUniversity of North LondonUniversity of NottinghamNottingham Trent UniversityOxford Brookes UniversityUniversity of PaisleyUniversity of PortsmouthRobert Gordon UniversityUniversity of ReadingUniversity of SalfordUniversity of SheffieldSouth Bank UniversityUniversity of SouthamptonUniversity of StaffordshireUniversity of StirlingUniversity of StrathclydeUniversity of SunderlandUniversity of SurreyUniversity of SussexUniversity of UlsterUniversity of Wales, Aberystwyth

UNIVERSITIES OFFERING ADVANCED STANDING

39

University of Wales, CardiffUniversity of Wales, SwanseaUniversity of WarwickUniversity of WestminsterUniversity of WolverhamptonUniversity of BristolCity UniversityUniversity of ExeterUniversity of GlamorganThames Valley UniversityLondon College of PrintingLondon College of FashionRoyal College of ArtsCentral St. Martins College of Art

& DesignKent Institute of Art & DesignKingston University

United States ofAmericaArt CenterArizona State UniversityCalifornia State University, FRESNOCarnegie Mellon UniversityCogswell College of ArtUniversity of HawaiiUniversity of Hawaii, HiloHawaii Pacific UniversityJohnson & Wales UniversityMichigan Technological UniversityUniversity of Northern IowaSouthern California Institute of

Architecture (SCI-ARC)State University of New York –

Oswego, Geneseo, Brockport,Buffalo

University of ToledoUniversity of Wisconsin – Stevens

Points, StoutParsons School of DesignPratt InstituteRhode Island School of DesignSan Francisco Design Academy

Savannah College of Art and DesignSyracuse UniversityWashington State UniversityWichita State UniversityThe School of Art Institute of

ChicagoFairleigh Dickinson UniversityIndiana University, Purdue

University, Indianapolis (IUPUI)Ohio State UniversityUniversity of MarylandNorth Dakota State University

New ZealandUniversity of AucklandUniversity of CanterburyLincoln UniversityMassey UniversityUniversity of OtagoUniversity of WaikatoVictoria University of Wellington

MauritiusUniversity of Mauritius

GermanyState Academy of Fine Arts, Stuttgart

FinlandVaasa Polytechnic

ItalyDomus Academy

The NetherlandsEinhoven Design Academy

(The Design Academy)

SwedenUMEA Academy, Institute of Design

SwitzerlandSwiss Hotel Association, Hotel

Management School at Les RochesInternational Hotel Management

Institute, LucerneInternational Tourism Institute,

LucerneUniversity Centre Cesar Ritz

OthersThe following British Universitiesaccept our Law & Managementgraduates into the First Year oftheir Law degree:University of BirminghamUniversity of DurhamUniversity of ExeterUniversity of LeicesterUniversity of London: King’s CollegeUniversity of London: University

CollegeLondon School of EconomicsUniversity of Southampton

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)

38

Centre for Tourism Related Studies ScholarshipCSA Automated ScholarshipDBS Bank ScholarshipDelgro ScholarshipDelphi Automotive Systems Singapore Pte Ltd ScholarshipLee Kuan Yew Scholarship to Encourage Upgrading (LKY-STEP) AwardTay Eng Soon ScholarshipNetbizz Commerce ScholarshipNgee Ann Kongsi Tertiary ScholarshipNTUC Fairprice ScholarshipPrima ScholarshipPWD Consultants ScholarshipSingapore Exchange ScholarshipSingapore Food Industries ScholarshipSingapore Hokien Huay Kuan Tertiary ScholarshipSINDA ScholarshipSIM-RMIT ScholarshipSingapore Press Holdings Art Diploma ScholarshipSingapore Training And Development Association ScholarshipSkal Club of Singapore ScholarshipThe Chartered Institute of Marketing Singapore ScholarshipUOB Group Scholarship

SCHOLARSHIPS

41

Company1st Avenue3-D Prototyping Pte Ltd3e illumination Pte LtdAbacus Travel Systems Pte LtdAbbott Laboratories (Singapore)

Pte LtdAEC. Edu Group Pte LtdAll Eight Marketing Services Pte LtdAllen & GledhillAllied Technologies (S) Pte LtdAlliedSignal Singapore INC.Bax Global Pte LtdBDP (Asia Pacific) Pte LtdGlaxo Smithkline Pte LtdCast Laboratories Pte LtdChartered Semiconductor

Manufacturing LtdChee Ngai Plastic & Metal

Fabricators Pte LtdCisco Systems (USA) Pte LtdDrew & Napier LLCEAC Technical Marketing Pte LtdEcquaria Technologies Pte LtdEricsson Telecommunications

Pte LtdEutech Cybernetics Pte LtdExcelpoint Systems (Pte) LtdFlash Technology Pte LtdFoo Kon Tan Grant ThorntonFrontstep (Singapore) Pte LtdG2000 Apparel (S) Pte LtdGenetron Engineering Corporation

(Pte) LtdGES Singapore Pte LtdHeller Financial (Singapore) LtdHemsley Holding Pte LtdHoh & PartnersHong Leong Holdings LtdHTL International Holdings LtdIEEE Singapore R/CPMT ChapterImaginit Technologies (S) Pte Ltd

Inland Revenue Authority ofSingapore

Insight Vacations (S) Pte LtdInstitute of Chartered Accountants

in AustraliaInstitute of Industrial Engineers,

SingaporeIntegrated Decision Systems

Consultancy Pte LtdKENDA Technologies Pte LtdKodak (Singapore) Pte LtdKPMGLee FoundationLeica Instruments (Singapore)

Pte LtdLoke Lum & PartnersLynn Jen Trading Co. Pte LtdMacromedia South Asia Pte LtdMadhavan PartnershipMaxtor Peripherals (S) Pte LtdMeasurement & Metrology (S)

Pte LtdMediaCorp Radio Singapore Pte LtdMKS Instruments, IncMobileOne (Asia) Pte LtdNational Library BoardNational Matsushita Electric Works

(Asia Pacific) Pte LtdNIC Components Asia Pte LtdNobel Design Holdings LtdOnn Wah Precision Engineering

Pte LtdOperational Research Society of

SingaporeOracle Corporation Singapore

Pte LtdPalakrishnan and PartnersParametric Technology Singapore

Pte LtdPeter Low Tang & Belinda AngReal Estate Developers’

Association of Singapore

Robert Wong & Co.Rodyk & DavidsonSeksun Corporation LimitedSentosa Development CorporationShell Eastern Petroleum (Pte) LtdShimadzu (Asia Pacific) Pte LtdShriro (Singapore) Pte LtdSIA Engineering Company LtdSiberHegner (S.E.A) Pte LtdSingapore Logistics AssociationSingapore Mathematical SocietySingapore Network Services

Pte LtdSingapore Nutrition and Dietetics

AssociationSingapore Teachers’ UnionSingapore Telecom Mobile Pte LtdSingapore Tourism BoardSPS-DA Pte LtdSTMicroelectronics Pte LtdStone Forest IT Pte LtdTamco (Singapore) Pte LtdTech Semiconductor Singapore

Pte LtdTex Line Associates Pte LtdThe Institution of Electrical

Engineers SingaporeThe Polyolefin Company

(Singapore) Pte LtdThe Singapore Association of the

Institute of CharteredSecretaries and Administrators

Thomson multimedia Asia PacificPte Ltd

Trans-Link Express Pte LtdUnisteel Technology LtdWearnes International (1994) LtdWeber Shandwick Worldwide

(Singapore) Pte LtdWincor Nixdorf Pte Ltd

ACADEMIC AWARD/PRIZE SPONSORS40

STUDENT INTAKE & ENROLMENT BY SCHOOLFull-Time Courses (Academic Year 1995/1996 to 2001/2002)

Temasek Applied Science School115116

198309

210508

400783

360934

3831084

4481143

1995/1996

1996/1997

1997/1998

1998/1999

1999/2000

2000/2001

2001/2002

Temasek Business School681

1685

10372199

10452688

10803060

10433101

12133256

11943407

1995/1996

1996/1997

1997/1998

1998/1999

1999/2000

2000/2001

2001/2002

Temasek Design School239

575

244638

259695

270734

285774

288810

290828

1995/1996

1996/1997

1997/1998

1998/1999

1999/2000

2000/2001

2001/2002

4342

Temasek Engineering School

21621197

17473419

19064629

19545282

18875546

2014

58651751

5740

1995/1996

1996/1997

1997/1998

1998/1999

1999/2000

2000/2001

2001/2002

905412

5071116

4951286

7221603

7041875

618

1900620

1988

Temasek Information Technology School

1995/1996

1996/1997

1997/1998

1998/1999

1999/2000

2000/2001

2001/2002

Enrolment

Intake

STUDENT INTAKE & ENROLMENT BY DIPLOMAFull-Time Courses (Academic Year 2001/2002)

2001/2002Intake Enrolment

Temasek Applied Science SchoolApplied Food Science & Nutrition 107 296Biotechnology* - 77Chemical Engineering 137 362Consumer Science & Technology 47 150Life Sciences (Biotech/Biomedical Tech/Pharmaceutical)* 157 258Total 448 1143

Temasek Business SchoolAccounting & Finance 130 413Business/Logistics & Operations Management/Marketing 460 500

Business - 547Logistics & Operations Management - 252Marketing - 235

Business Information Technology 222 447Communications & Media Management 63 63Hospitality Management 117 340Law & Management** 109 246Legal Studies** - 98Tourism Management 93 266Total 1194 3407

Common First Year

Temasek Design SchoolApparel Design & Merchandising 46 142Interactive Media Design 75 202Interior Architecture & Design 50 131Product & Industrial Design 45 138Visual Communication 74 215Total 290 828

Temasek Engineering SchoolBiomedical Informatics & Engineering 74 74Computer Engineering/Electronics/Microelectronics/Telecommunications 754 1224+ Computer Engineering - 253+ Electronics - 1046+ Microelectronics - 242+ Telecommunications - 256Info-communications 225 455Intelligent Building Technology 212 593Mechatronics/Product Engineering 379 544 Mechatronics - 680 Product Engineering - 164

Quality Engineering & Management 107 334Total 1751 5865

+ Common First Year; Common First Year

Temasek Information Technology SchoolInformation Studies 85 226Information Technology/Internet Computing 535 580# Information Technology - 480# Internet Computing - 614Total 620 1900

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○

* Diploma in Biotechnology was renamed Diploma in Life Sciences (Biotech/Biomedical Tech/Pharmaceutical) for Year 1 and Year 2 students in Academic Year 2001/2002.

** Diploma in Legal Studies was renamed Diploma in Law & Management for Year 1 studentsin Academic Year 2000/2001.

>>

>>

# Common First Year

4544

ACTUAL OPERATING INCOME

S$m %Fee Income 27.92 18.28Miscellaneous Income 4.69 3.07Government Grants 120.10 78.65

152.71 100.00

ACTUAL OPERATING EXPENDITURE

S$m %Expenditure on manpower 107.88 74.03

Other operating expenditure

Staff related expenditure 3.24Student related expenditure 6.16Admin Expenses & maintenance 28.44

37.84 25.97

145.72 100.00

Cost per student S$FY2001/2002 10,947FY2000/2001 10,512FY1999/2000 8,998FY1998/1999 9,029

TEMASEK POLYTECHNICFinancial Figures FY2001/02

Other operating expenditure

25.97%

S$37.84m

Expenditure on manpower

74.03%

S$107.88m

Miscellaneous Income

3.07%

S$4.69m

Fee Income

18.28%

S$27.92m

Government Grants

78.65%

S$120.10m

10,000

0FY01/02 FY00/01 FY99/00 FY98/99

$10,947$10,512

$8.998$9,029

5,000

15,000

Financial Statements

47

We have audited the financial statements of Temasek Polytechnic (“the Polytechnic”) for thefinancial year ended 31 March 2002 set out on pages 48 to 64. These financial statements arethe responsibility of the Polytechnic. Our responsibility is to express an opinion on thesefinancial statements based on our audit.

We conducted our audit in accordance with Singapore Standards on Auditing. Those Standardsrequire that we plan and perform our audit to obtain reasonable assurance whether the financialstatements 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 alsoincludes assessing the accounting principles used and significant estimates made by thePolytechnic, as well as evaluating the overall financial statement presentation. We believethat our audit provides a reasonable basis for our opinion.

In our opinion,

(a) the accompanying financial statements are properly drawn up in accordance with theprovisions of the Temasek Polytechnic Act, Cap 323A (“the Act”) and SingaporeStatements of Accounting Standard and so as to give a true and fair view of the state ofaffairs of the Polytechnic at 31 March 2002, 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 thePolytechnic have been properly kept in accordance with the provisions of the Act, includingrecord 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 thereceipt, expenditure and investment of monies and the acquisition and disposal of the assetsby the Polytechnic during the financial year have not been made in accordance with theprovisions of the Act.

PricewaterhouseCoopersCertified Public Accountants

Singapore, 26 June 2002

Auditor’s Report to Temasek Polytechnic(Established under the Temasek Polytechnic Act, Cap 323A)

46

Note General Fund Other Funds Total

2001/02 2000/01 2001/02 2000/01 2001/02 2000/01S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000

OPERATING INCOMEEducation & General

Student fees 27,918 25,309 - - 27,918 25,309Other income 1,558 1,133 825 773 2,383 1,906Donations 308 346 11 319 319 665

Courses, projects, seminars & talks 2,264 1,414 8,360 5,772 10,624 7,186Student Projects 754 633 - - 754 633Staff Model Projects 57 62 - - 57 62

32,859 28,897 9,196 6,864 42,055 35,761OPERATING EXPENDITUREEducation & General

Salaries, CPF and other related costs 3 107,884 97,348 - - 107,884 97,348Depreciation 12 42,261 43,734 42 54 42,303 43,788Repairs and maintenance 15,458 12,966 - - 15,458 12,966Fixed assets expensed off 5,774 2,384 - - 5,774 2,384Staff benefits 3,240 3,803 - - 3,240 3,803Travelling and communication 2,478 2,360 - - 2,478 2,360Teaching materials and consumable supplies 2,393 2,252 - - 2,393 2,252Student welfare 2,193 2,352 - - 2,193 2,352Miscellaneous 1,818 3,089 865 639 2,683 3,728Public relations and publicity 1,623 1,909 - - 1,623 1,909Library books and materials 1,571 1,376 - - 1,571 1,376Rental 737 616 - - 737 616Office supplies, stationery and periodicals 639 772 - - 639 772Provision for losses incurred by a subsidiary 15 610 - - - 610 -Consultancy fees 540 599 - - 540 599Computer software 188 103 - - 188 103Audit fee 45 47 - - 45 47

Courses, projects, seminars & talks 2,037 1,225 5,778 3,832 7,815 5,057Student Projects 754 633 - - 754 633Staff Model Projects 57 62 - - 57 62

192,300 177,630 6,685 4,525 198,985 182,155

OPERATING (DEFICIT) / SURPLUS 4 (159,441) (148,733) 2,511 2,339 (156,930) (146,394)

NON-OPERATING INCOMEInterest 5 562 648 12 3 574 651

SURPLUS / (DEFICIT) BEFORE GRANTS (158,879) (148,085) 2,523 2,342 (156,356) (145,743)

GRANTSDeferred capital grants amortised:

Government 9 40,923 42,393 - - 40,923 42,393Others 10 1,369 1,507 - - 1,369 1,507

Operating grants - - - - - -Government 6 123,565 110,299 - - 123,565 110,299

165,857 154,199 - - 165,857 154,199

SURPLUS FOR THE FINANCIAL YEAR 6,978 6,114 2,523 2,342 9,501 8,456

Liew Mun Leong Boo Kheng HuaChairman Principal & CEOBoard of Governors

26 June 2002

The accompanying notes form an integral part of the financial statements

TEMASEK POLYTECHNICIncome and Expenditure StatementFor the Financial Year ended 31 March 2002

49

Note 2001/02 2000/01S$ ‘ 000 S$ ‘ 000

ACCUMULATED SURPLUSGeneral Fund 7 41,294 39,551Other Funds 7 10,996 8,473

52,290 48,024

TEMASEK POLYTECHNIC ENDOWMENT FUND 8 808 -

DEFERRED CAPITAL GRANTSGovernment 9 500,851 516,520Others 10 4,039 2,884

STAFF AND STUDENT LOAN FUNDS 11 5,687 11,020563,675 578,448

Represented by:FIXED ASSETS 12 502,613 515,724

CAPITAL WORK-IN-PROGRESS 13 2,415 3,815

LOANS TO STAFF AND STUDENTS 14 4,932 5,369

INVESTMENT IN SUBSIDIARY 15 - -

CURRENT ASSETSSundry debtors, deposits and prepayments 16 1,823 21,190Course in progress 44 2,026Staff and student loans 14 291 609Investment in bonds 17 2,250 -Fixed deposit 18 72,655 5,000Cash and bank balances 18 13,170 98,279

90,233 127,104

CURRENT LIABILITIESGovernment grants received in advance 6,754 13,024Sundry creditors and accruals 19 27,722 55,593Provision for losses incurred by a subsidiary 15 610 -Deferred income for course in progress 1,432 4,947

36,518 73,564

NET CURRENT ASSETS 53,715 53,540563,675 578,448

The accompanying notes form an integral part of the financial statements

TEMASEK POLYTECHNICBalance SheetAs at 31 March 2002

48

TEMASEK POLYTECHNICStatement of Changes in Accumulated SurplusFor the Financial Year ended 31 March 2002

Accumulated Surplus TotalNote General Fund Other Funds

S$ ‘ 000 S$ ‘ 000 S$ ‘ 000

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

Balance at 1 April 2000 33,437 6,131 39,568

Add :Surplus for the financial year 6,114 2,342 8,456

Balance at 31 March 2001 39,551 8,473 48,024

The accompanying notes form an integral part of the financial statements

51

TEMASEK POLYTECHNICCash Flow StatementFor the Financial Year ended 31 March 2002

Note 2001/02 2000/01S$ ‘ 000 S$ ‘ 000

CASH FLOWS FROM OPERATING ACTIVITIES

Operating deficit before Government Grant (156,356) (145,743)

Adjustments:Depreciation 12 42,303 43,788Loss/(Gain) on disposal of fixed assets 4 (30) 113Capital charge expensed off - 1,639Provision for bad and doubtful debts 4 2 33Provision for losses incurred by a subsidiary 15 610 -Provision for unutilised staff leave 2,464 -Interest Income 5 (574) (651)Operating deficit before working capital changes (111,581) (100,821)

Decrease/(increase) in sundry debtors, deposits & prepayments 21,448 (7,354)(Decrease)/increase in creditors and accruals (42,452) 20,079Cash used in operations (132,585) (88,096)

Decrease/(Increase) in staff loans 1,819 1,709Increase in student loans (1,065) (811)(Decrease)/increase in staff loan fund (6,606) 1,941Increase in student loan funds 1,274 985Donations received for Temasek Polytechnic Endowment Fund 808 -Grants received from other organisations 848 1,497

Net cash used in operating activities (135,507) (82,775)

CASH FLOWS FROM INVESTING ACTIVITIESInterest received 473 654Purchase of fixed assets (24,565) (28,351)Purchase of bonds (2,250) -Proceeds from sale of fixed assets 39 54Capital expenditure (WIP) (2,415) (3,815)

Net cash used in investing activities (28,718) (31,458)

CASH FLOWS FROM FINANCING ACTIVITIESDevelopment grants received from Government 27,426 26,430Development grants received from Statutory Board 1,015 54Operating grants received from Government 123,565 109,086Appropriation of Retained Savings for GST payment (5,235) -

Net cash from financing activities 146,771 135,570

NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (17,454) 21,337

CASH AND CASH EQUIVALENTS AT 1 APRIL 18 103,279 81,942

CASH AND CASH EQUIVALENTS AT 31 MARCH 18 85,825 103,279

50

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 domiciledin Singapore and the financial statements are expressed in Singapore Dollars. Its campus is situated at:

21, Tampines Avenue 1Singapore 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 ACCOUNTING

The financial statements have been prepared in accordance and comply with the Singapore Statements ofAccounting Standard. The financial statements are prepared under the historical cost convention except for donatedassets which are taken up at valuation.

In FY 2001/02, the Polytechnic adopted the following new/revised accounting standards:

SAS 8 (Revised 2000) Net Profit or Loss for the Period, Fundamental Errors and Changes inAccounting Policies

SAS 10 (Revised 2000) Events occurring after the Balance Sheet DateSAS 17 (Revised 2000) Employee BenefitsSAS 31 Provisions, Contingent Liabilities and Contingent AssetsSAS 32 Financial Instruments - Disclosure and PresentationSAS 36 Impairment of Assets

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.

During the financial year, the Polytechnic changed its revenue recognition policy for self-financing courses/projectsfrom completion of courses/projects to recognising the income based on percentage of completion, determinedon a straight line basis over the period of the courses/ projects. The change would result in a fairer presentation ofthe financial statements. Had the accounting policy for revenue recognition not been changed, the surplus reflectedin the Income and Expenditure Statement would have been lower by S$1.6 million. Comparative information hasnot been restated as it is impracticable to reasonably estimate the amount.

53

C) GRANTS

Government grants and contributions from other organisations utilised for the purchase of depreciableassets and donated assets at valuation are taken to the Deferred Capital Grants Account. The deferred capitalgrants are recognised in the Income and Expenditure Statement over the periods necessary to match thedepreciation of the assets purchased with the related grants.

Government grants to meet the current year’s operating expenses are taken to the Income and ExpenditureStatement for the year.

Government grants are accounted for on an accrual basis.

D) FUNDS

General FundIncome and expenditure relating to the main activities of the Polytechnic are accounted for in the General Fundcolumn in the Income and Expenditure Statement.

Other FundsIncome and expenditure relating to funds set up for specific purposes are accounted for in the Other Fundscolumn in the Income and Expenditure Statement.

The assets and liabilities of these funds are accounted for separately. However, for presentation purposes, theyare 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 astheir cost base. Depreciation is calculated on the straight-line method to write down the cost of the fixed assetsover their estimated useful lives as follows:

Leasehold Land Remaining lease periodLeasehold Building 50 yearsBuilding Improvements 5 yearsPlant and machinery 10 yearsFurniture, Fittings and Equipment 5 yearsComputer Hardware and Software 3 to 5 yearsWorkshop Equipment and Machinery 5 to 10 yearsVehicles 5 years

Fixed assets costing less than S$2,000 (FY 2000/01 S$1,000) are written off to the Income and ExpenditureStatement in the year of purchase.

52

F) INVESTMENTS

Quoted and unquoted investments that are intended to be held for the long term are stated at cost and provisionis 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 invalue 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 handand 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 assetsand liabilities denominated in foreign currencies are recognised in the Income and Expenditure Statement. Suchbalances 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 substantiallyall the risks and benefits incidental to the ownership of the leased assets, and operating leases under which thelessor effectively retains substantially all such risks and benefits.

Finance leases are capitalised at the estimated present value of the underlying lease payments. Each lease paymentis allocated between the liability and finance charges so as to achieve a constant rate of return on the balanceoutstanding. 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 leaseperiod. 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 theperiod of the lease.

When an operating lease is terminated before the lease period has expired, any payment required to be made tothe 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 pastevents and it is possible that an outflow of resources will be required to settle the obligation, and reliable estimateof the amount can be made.

55

K) EMPLOYEE BENEFITS

Employee leave entitlementEmployee entitlements to annual leave are recognised when they accrue to employees. A provision is made forthe estimated liability for annual leave as a result of services rendered by employees up to balance sheet date.

Defined contribution planThe Polytechnic operates a defined contribution plan in the form of Central Provident Fund. The Polytechnic’sobligation, in regard to the defined contribution plan, is limited to the amount it contributes to the fund. Theexpenses are disclosed under staff costs (Note 3).

L) FINANCIAL RISK MANAGEMENT

The activities of Temasek Polytechnic does not expose it to any foreign exchange risk and there is no significantcredit risk. Its income and cashflows are substantially independent of changes in the market interest rates. TemasekPolytechnic places its excess cash in fixed deposits with financial institutions and in bonds. There is no significantliquidity risk as it maintains sufficient cash for its operations.

3. STAFF COSTS

2001/02 2000/01S$ ‘ 000 S$ ‘ 000

Salaries and wages 93,392 86,140Employer’s contribution to Central Provident Fund 14,492 11,208

107,884 97,348

Average monthly number of permanent staff employed for the financial year: 2001/02 2000/01Head Count 1,344 1,259

In addition to the permanent staff, the Polytechnic also engaged adjunct lecturers and temporary staff.

4. OPERATING (DEFICIT) / SURPLUS

2001/02 2000/01S$ ‘000 S$ ‘000

This is arrived at after charging:Bad debts 1 4Entertainment 12 20Exchange loss 29 7Loss on disposal of fixed assets - 113Overseas travel 399 646Property tax 98 105Provision for doubtful debts 1 29

And crediting:Gain on disposal of fixed assets 30 -Rental income 798 879

54

5. FINANCE INCOME

2001/02 2000/01S$ ‘000 S$ ‘000

Interest IncomeBonds 44 -Fixed Deposits 299 138Current Accounts 231 513

574 651

6. OPERATING GRANTS - GOVERNMENT

2001/02 2000/01S$ ‘000 S$ ‘000

Operating grants received during the year 127,576 117,674Less:Operating grants utilised on fixed assets transferred todeferred capital grants (Government) (Note 9) 3,579 6,941Operating grants utilised on co-funded fixed assetstransferred to deferred capital grants (Others) (Note 10) 432 434

4,011 7,375123,565 110,299

Operating grants received since establishment of the Polytechnic 717,196 593,631

Cumulative operating grants received for GST subsidy 27,405 22,949

7. ACCUMULATED SURPLUS

General FundOf the accumulated surplus of S$41.3 million (FY2000/01 S$39.6 million) in the General Fund, approximately S$1.3million (FY2000/01 S$2.5 million) has been utilised for the purchase of fixed assets or committed for future capitalexpenditure.

Other FundsOther Funds comprise the following funds:

Name of Fund PurposeA) 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

D) Miscellaneous Fund Conducting short and continuing education courses;- Self-financing Project Fund upgrading Polytechnic’s teaching facilities; and providing welfare and social

activities for the Polytechnic’s students and staff.

Bur

sary

and

Staf

f Apa

rtm

ent

Tem

asek

Pol

ytec

hnic

Mis

cella

neou

sTo

tal

Scho

lars

hip

Fund

Fund

Endo

wm

ent F

und

Fund

2001

/02

2000

/01

2001

/02

2000

/01

2001

/02

200

0/01

2001

/02

2000

/01

2001

/02

2000

/01

S$ ‘

000

S$

‘ 000

S$ ‘

000

S$

‘ 000

S$ ‘

000

S$

‘ 000

S$ ‘

000

S$

‘ 000

S$ ‘

000

S$

‘ 000

Ope

ratin

g In

com

eO

ther

Inco

me

--

825

773

--

--

825

773

Don

atio

ns (3

)31

5 -

--

-14

411

319

Cou

rses

, pro

ject

s, s

emin

ars

& ta

lks

-

--

--

-8,

360

5,77

2 8

,360

5,77

2(3

)31

582

577

3-

-8,

374

5,77

69,

196

6,86

4Le

ss: O

pera

ting

Expe

nditu

reD

epre

ciat

ion

-

-10

12-

-32

4242

54M

isce

llane

ous

106

199

639

249

-

-

120

191

865

639

Cou

rses

, pro

ject

s, s

emin

ars

& ta

lks

-

--

--

-5,

778

3,83

25,

778

3,83

210

619

964

926

1-

-5,

930

4,06

56,

685

4,52

5

Ope

ratin

g (d

efic

it) /

surp

lus

(

109)

116

176

512

-

-

2,44

41,

711

2,51

12,

339

Add

: Non

-ope

ratin

g In

com

eIn

tere

st

13

--

11

-

--

123

(DEF

ICIT

) / S

UR

PLU

S F

OR

TH

E FI

NA

NC

IAL

YEA

R(1

08)

119

176

512

11

-

2,44

41,

711

2,52

32,

342

AC

CU

MU

LATE

D S

UR

PLU

S A

T 1

AP

RIL

390

271

2,06

11,

549

--

6,02

24,

311

8,47

36,

131

AC

CU

MU

LATE

D S

UR

PLU

S A

T 31

MA

RC

H

28

239

02,

237

2,06

111

-8,

466

6,02

210

,996

8,47

3

Rep

rese

nted

by:

Fixe

d A

sset

s

--

1928

-

-

108

9312

712

1C

ours

e in

pro

gres

s

--

--

-

-

441,

888

441,

888

Cas

h an

d B

ank

Bal

ance

s

28

239

02,

231

2,05

76

-9,

965

8,93

012

,484

11,3

77S

undr

y D

ebto

rs a

nd D

epos

its

--

11

5

-

-11

16

112

Def

erre

d in

com

e fo

r cou

rse

in p

rogr

ess

-

--

--

-(1

,431

)(4

,539

) (1

,431

)(4

,539

)S

undr

y C

redi

tors

and

Acc

rual

s

--

(14)

(25)

-

-

(220

)(4

61)

(234

)(4

86)

282

390

2,23

72,

061

11

-

8,46

66,

022

10,9

968,

473

7.A

CC

UM

ULA

TE

D S

UR

PLU

S (c

ontin

ued

)

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:

56 57

8. TEMASEK POLYTECHNIC ENDOWMENT FUND

Donations and contributions made to the Temasek Polytechnic Endowment Fund are retained as principal capitalto 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:2001/02 2000/01S$ ‘000 S$ ‘000

Balance at 1 April - -Donations received 808 -Balance at 31 March 808 -

Represented by:Cash and bank balances 3 -Fixed deposits 555 -Investment in bonds 250 -

808 -

9. DEFERRED CAPITAL GRANTS (GOVERNMENT)2001/02 2000/01S$ ‘000 S$ ‘000

Balance at 1 April 516,520 530,874Add:Development grants utilised on fixed assets 21,675 21,098Operating grants utilised on fixed assets (Note 6) 3,579 6,941

541,774 558,913Less:Amortisation of deferred capital grants 40,923 42,393

Balance at 31 March 500,851 516,520

Capital grants received and utilised since establishment of the Polytechnic 760,462 735,208

10. DEFERRED CAPITAL GRANTS (OTHERS)2001/02 2000/01S$ ‘000 S$ ‘000

Balance at 1 April 2,884 2,892Add:Grants utilised on fixed assets 2,092 1,065Operating grants utilised on co-funded fixed assets (Note 6) 432 434

5,408 4,391Less:Amortisation of deferred capital grants 1,369 1,507

Balance at 31 March 4,039 2,884

Capital grants received and utilised since establishment of the Polytechnic 11,712 9,188

59

11. STAFF AND STUDENT LOAN FUNDS

A) STAFF LOAN FUND

This fund, which comprises advances from Government, provides housing loans to staff. The housing loans aremanaged 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 TotalFund Loan Fund Fund

2001/02 2000/01 2001/02 2000/01 2001/02 2000/01 2001/02 2000/01S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000 S$ ‘000

Balance at 1 April 8,544 6,603 2,469 1,473 7 18 11,020 8,094Amount received from Government - 1,941 1,273 996 - - 1,273 2,937Amount refunded to Government (6,606) - - - - (11) (6,606) (11)Balance at 31 March 1,938 8,544 3,742 2,469 7 7 5,687 11,020

Represented by:Outstanding loans

Staff loans 1,927 3,745 - - - - 1,927 3,745Tuition fee loans - - 3,296 2,231 - - 3,296 2,231Study loans - - - - 1 2 1 2

Bank balance 11 4,799 446 238 6 5 463 5,0421,938 8,544 3,742 2,469 7 7 5,687 11,020

On 11 October 2001, the Ministry of Education issued a circular stating that with effect from FY 2002 / 03, all newstaff housing loans should be obtained directly from financial institutions or from the Polytechnic itself instead offrom the Government via Staff Loan Fund. Existing housing loans will continue to be borne by the Governmentuntil they are fully repaid. Repayment of these loans as well as unutilised funds would have to be returned to theGovernment. During the financial year, the Polytechnic refunded an amount of S$6.6 million to the Government.

58

12. F

IXE

D A

SS

ET

S

Leas

ehol

d La

nd

Bui

ldin

gB

uild

ing

Furn

iture

,C

ompu

ter

Wor

ksho

pVe

hicl

eC

ompu

ter

Pla

nt &

Tota

lan

d B

uild

ing

Im

prov

emen

tsP

lant

&Fi

ttin

gs &

Har

dwar

eEq

uipm

ent &

Soft

war

eM

achi

nery

Mac

hine

ryEq

uipm

ent

Mac

hine

ryS

$ ‘ 0

00S

$ ‘ 0

00S

$ ‘ 0

00S

$ ‘ 0

00S

$ ‘ 0

00S

$ ‘ 0

00S

$ ‘ 0

00S

$ ‘ 0

00S

$ ‘ 0

00S

$ ‘ 0

00

2001

/02

Net

Boo

k Va

lue

at 1

Ap

ril42

4,09

76,

774

35,2

9310

,170

21,8

797,

905

159

4,38

05,

067

515,

724

Ad

diti

on2,

824

5,86

577

92,

989

7,63

34,

589

-4,

489

5729

,225

Dis

pos

als

-(1

)-

(14)

(6)

(2)

-(1

0)-

(33)

Dep

reci

atio

n(8

,976

)(2

,889

)(7

,192

)(3

,650

)(1

3,03

6)(3

,036

)(4

3)(2

,810

)(6

71)

(42,

303)

Net

Boo

k Va

lue

at 3

1 M

arch

417,

945

9,74

928

,880

9,49

516

,470

9,45

611

66,

049

4,45

350

2,61

3

Cos

t47

1,65

516

,340

70,8

2951

,811

67,0

6627

,011

277

20,0

566,

580

731,

625

Acc

umul

ated

Dep

reci

atio

n(5

3,71

0)(6

,591

)(4

1,94

9)(4

2,31

6)(5

0,59

6)(1

7,55

5)(1

61)

(14,

007)

(2,1

27)

(229

,012

)N

et B

ook

Valu

e at

31

Mar

ch41

7,94

59,

749

28,8

809,

495

16,4

709,

456

116

6,04

94,

453

502,

613

2000

/01

Net

Boo

k Va

lue

at 1

Ap

ril43

3,49

24,

809

42,2

9915

,138

20,6

527,

727

172

3,62

95,

276

533,

194

Ad

diti

ons

-3,

533

-2,

751

13,8

613,

294

353,

268

407

27,1

49R

ecla

ssifi

catio

n(6

53)

- -

--

--

--

(653

)D

isp

osal

s-

(39)

-(1

00)

(13)

(8)

-(1

8)-

(178

)D

epre

ciat

ion

(8,7

42)

(1,5

29)

(7,0

06)

(7,6

19)

(12,

621)

(3,1

08)

(48)

(2,4

99)

(616

)(4

3,78

8)N

et B

ook

Valu

e at

31

Mar

ch42

4,09

76,

774

35,2

9310

,170

21,8

797,

905

159

4,38

05,

067

515,

724

Cos

t46

8,83

110

,481

70,0

5050

,486

64,2

0622

,634

277

16,0

246,

524

709,

513

Acc

umul

ated

Dep

reci

atio

n(4

4,73

4)(3

,707

)(3

4,75

7)(4

0,31

6)(4

2,32

7)(1

4,72

9)(1

18)

(11,

644)

(1,4

57)

(193

,789

)N

et B

ook

Valu

e at

31

Mar

ch42

4,09

76,

774

35,2

9310

,170

21,8

797,

905

159

4,38

05,

067

515,

724

61

13. CAPITAL WORK-IN-PROGRESS

The work-in-progress relates to the costs incurred for the extension and improvement to the Tampines Campus.

2001/02 2000/01S$ ' 000 S$ ' 000

Balance at 1 April 3,815 752Add:Additions during the financial year 5,023 6,416

8,838 7,168

Less:Amount capitalised as assets 6,423 3,353Balance at 31 March 2,415 3,815

14. LOANS TO STAFF & STUDENTS

A) STAFF LOANSThe staff loan fund provides housing loans to staff. Housing loans are repayable with interest at 5% per annum bymonthly instalments over periods up to 30 years.

B) TUITION FEE / STUDY LOANSTuition 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 banksor 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 yearsfrom the 7th month immediately following the month of the borrowers' graduation.

2001/02 2000/01S$ ' 000 S$ ' 000

Due after 12 monthsStaff loans 1,784 3,528Tuition fee loans 3,148 1,839Study loans 0 2

4,932 5,369

Due within 12 monthsStaff loans 142 217Tuition fee loans 148 392Study loans 1 0

291 609

Staff loans and tuition fee/study loans are disbursed from advances from the Government and repayment of the loanswill eventually be returned to Government. Accordingly, the carrying amounts of staff loans and tuition fee/study loansapproximate their fair values.

60

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.

2001/02 2000/01

Authorised capital (100,000 shares @ S$1 each) S$100,000 S$100,000Issued capital (2 shares @ S$1 each) S$2 S$2Percentage of equity held by the Polytechnic 100% 100%

The subsidiary incurred accumulated losses of S$0.61 million as at 31 March 2002. Notwithstanding that the investmentin subsidiary is only S$2, the Polytechnic has given an undertaking to provide continuing financial support tothe subsidiary. Arising from this financial support commitment, the Polytechnic has recognised a provision ofS$0.61 million for losses incurred by the subsidiary during the financial year.

The results of the subsidiary have not been consolidated as they are considered to be not material to the Polytechnic’sfinancial statements.

16. SUNDRY DEBTORS, DEPOSITS AND PREPAYMENT

2001/02 2000/01 S$ ‘ 000 S$ ‘ 000

Receivable from future government grants - 19,673Deposits and prepayments 558 431Sundry debtors 1,279 1,146

Provision for doubtful debts (14) (60)1,823 21,190

Movements in provision for doubtful debts are as follows:Balance at 1 April 60 31Provision made during the financial year 1 29Bad debts written off against provision (47) -Balance at 31 March 14 60

The amount receivable from future Government grants in FY2000/01 relates to Goods & Services Tax (“GST”).

In FY1999/2000, the Ministry of Finance (“MOF”) issued a circular stating that input GST on activities funded byGovernment grants was not allowable as credit and that statutory boards need to make retrospective refunds of theinput GST previously claimed from the Inland Revenue Authority of Singapore (“IRAS”). In addition, the Polytechnicwas also required to make retrospective payments on output GST which should have been charged on tuition grants.

During the previous financial year, the Polytechnic, IRAS, MOF and Ministry of Education (“MOE”) have agreed onthe determination of the GST amount to be refunded to IRAS. Based on computation of the GST amount to berefunded/payable using the prescribed formulae provided by IRAS, the Polytechnic arrived at a net GST payable ofS$21.7 million (Note 19) for the period from FY1994/95 to FY2000/01.

63

16. SUNDRY DEBTORS, DEPOSITS AND PREPAYMENT (continued)

Correspondingly, as at 31 March 2001, the Polytechnic recorded an amount receivable from future Government grantsof S$19.7 million. During the current financial year, the Polytechnic received S$14.4 million from MOE and was alsoadvised by MOE to utilise S$5.2 million from the Polytechnic’s surplus fund which have not yet been appropriated toMOF to settle the outstanding GST with IRAS (Note 22).

17. INVESTMENT IN BONDS

2001/02 2000/01S$ ‘000 S$ ‘000

Quoted bonds at cost 2,250 -

Market value 2,282 -

The bonds bear interest rates ranging from 3.22% to 4.17% per annum received semi-annually in arrears.

18. CASH AND CASH EQUIVALENTS

2001/02 2000/01S$ ‘000 S$ ‘000

Cash and cash equivalents consist of:Fixed deposits with financial institutions 72,655 5,000Cash and bank balances 13,170 98,279

85,825 103,279

The fixed deposits bear interest rates of 0.69% to 1.06% (2001: 2.7%) per annum as at the balance sheet date.

19. SUNDRY CREDITORS AND ACCRUALS

2001/02 2000/01S$ ‘000 S$ ‘000

Sundry creditors 18,761 26,898Accruals 4,235 4,345Other grants received in advance 2,991 2,678GST payable (Note 16) 1,735 21,672

27,722 55,593

20. CONTINGENT LIABILITY

A subsidiary of the Polytechnic (Note 15) has received a sum of S$2 million being a repayable grant from a governmentagency and under the terms of the grant, this sum is recoverable from Temasek Polytechnic should there be any breachof the conditions under which the grant was approved.

62

21. COMMITMENTS

A) Capital commitmentsCapital commitments approved by the Board but not provided for in the financial statements are as follows:

2001/02 2000/01S$ ‘000 S$ ‘000

Amount approved and contracted for - 958Amount approved but not contracted for 2,650 5,094

2,650 6,052

The capital commitments are funded from Government grants.

B) Operating lease commitmentsThe future minimum lease payments under non-cancellable operating leases are payable as follows:

2001/02 2000/01S$ ‘000 S$ ‘000

Not later than one financial year 514 792Later than one financial year but not later than five financial years 295 619

809 1,411

22. APPROPRIATION OF ACCUMULATED SURPLUS

The Polytechnic has surplus funds in FY1998/99 and FY1999/2000 of S$14.6 million and S$6.1 million respectively.The amount of surpluses which are to be appropriated to Ministry of Finance (“MOF”) for FY1998/99 and FY1999/2000have not been set aside as the actual amounts to be appropriated have not yet been confirmed by the AccountantGeneral Department and MOF. During the financial year, based on instructions from MOE, the Polytechnic has utilisedan amount of S$5.2 million from these unappropriated surplus funds for settlement of outstanding GST with IRAS asset out in Note 16.

Based on the latest MOF’s circular dated 4 December 2000, the Polytechnic will be allowed to retain all of its surplusfrom FY2000/01 onwards.

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 detailed in Notes 14and 17 respectively, the carrying amounts of the following financial assets and financial liabilities approximate to theirfair values: cash and bank balances, fixed deposits, sundry debtors and creditors.

24. COMPARATIVE FIGURES

Certain comparative figures have been reclassified, where appropriate, to conform to the changes in presentation inthe current financial year. Where applicable, the comparatives have been adjusted or extended to take into accountthe requirements of the revised or new Singapore Statements of Accounting Standard which the Polytechnic implementedin FY 2001/02.

25. AUTHORISATION OF FINANCIAL STATEMENTS

These financial statements were authorised for issue by the Board of Governors on 26 June 2002.

21 Tampines Avenue 1, Singapore 529757Tel: (65) 6788 2000 Fax: (65) 6789 8220

www.tp.edu.sg