About us

About our institution

Through the years, Hwa Chong Institution has nurtured leaders for the nation in the highest echelons of research, industry and government. Our aim is to maximise every student’s potential, and to prepare them for a lifetime of achievement.

Financial Information

Hwa Chong Institution
KEY INFORMATION ONLINE
1. Non-Financial Information

Address: 661 Bukit Timah Road,
Singapore 269734

Email Address: admin@hci.edu.sg

 

Contact Information

Name of Contact Person:

General Info: Administration Office

Telephone No: 64683956
Fax No: 64674366

Financial Info: Mr Raymond Tan/ Ms Chu Chew Ling

Telephone No: 64683955
Fax No: 64663343

 

Charity Status

Charity Regn No: Exempt
Charity Regn Date: NA

IPC Status

A member of Education Central

Auditor

Tan & Teh Certified Public Accountant

 

2. Financial Information
Income (School Fund) 2009
(S$'000)
2010
(S$'000)
2011
(S$'000)
% Increase/
(Decrease)
Donations in Cash
- Tax Deductible
- Non-Tax Deductible

177
52

0
30

0
30

0.00%
0.00%
Grants / Sponsorships 47,853 55,816 54,526 -2.31%
Investment income 299 314 587 86.94%
Others 14,329 15,232 15,740 3.34%
Total Income 62,710 71,392 70,883 -0.71%
Other Operating & Administration Expenses 52,950 67,451 63,074 -6.49%
Total Expenditure 52,950 67,451 63,074 -6.49%
Surplus / (Deficit) 9,760 3,941 7,809 98.15%
 
Balance Sheet 2009
(S$'000)
2010
(S$'000)
2011
(S$'000)
% Increase/
(Decrease)
ASSETS        
Property, plant and equipment 104,185 101,698 98,718 -2.93%
Available-for-sale financial assets 0 0 9,929 NM
Accounts Receivable & Others 751 5,061 2,898 -42.74%
Cash & Deposits 68,529 70,733 64,021 -9.49%
Total Assets 173,465 177,492 175,566 -1.09%
 
FUNDS        
School Fund 59,767 58,175 64,703 11.22%
Development Fund 96,617 95,585 93,091 -2.61%
Endowment Fund 4,311 4,445 4,474 0.65%
Special Purpose Fund ** 4,115 7,652 8,699 13.68%
Total Funds 164,810 165,857 170,967 3.08%
 
LIABILITIES        
Long-Term Liabilities 750 0 0 0.00%
Current Liabilities 7,905 11,635 4,599 -60.47%
Total Liabilities 8,655 11,635 4,599 -60.47%
Total Funds and Liabilities 173,465 177,492 175,566 -1.09%
 
Other Information 2009
(S$'000)
2010
(S$'000)
2011
(S$'000)
% Increase/
(Decrease)
No. of Employees 475 502 513 2.19%
Total Employee Costs 40,459 52,725 48,499 -8.02%

 

** Specific Purpose Fund includes the following donation funds:
  Bal at 1.1.11
(S$)
Receipts
(S$)
Payments
(S$)
Bal at 31.12.11
(S$)
HCI Needy Pupil Fund 355,984 187,054 121,598 421,440
Student Development Activities and Awards Fund 161,782 454,743 94,119 522,406