[This summary is derived from the previous post by K.Bala (that post page has been removed). We apologize for any inconvenience caused. The same data appears on this post in numerical form. If anyone has any objection to this , please feel free to add a comment to explain the objection. We wish to retain our right to discuss the data without violating anyone else's rights. -Ed]
Question: How accurate or reliable is this data ?
Positives: The data matches up with the lease amount paid to SLA for GIIS Queenstown (exactly known), and our own estimate of tuition fees. Transfers to GIIS New Zealand, GIIS Japan, GIIS Thailand and GIIS Malaysia match up with the timeline where expansions were announced (2006).
Negatives/Doubtfuls: Small debits shown going to GIIS Australia, GIIS China and GIIS US ($30 only): These were pointed out to be non-existent. However, they could be just names of expense accounts. Amount paid to Julia Gabriel for Speech and Drama (about S$107K) has not been verified (help wanted). Transfer of about S$ 5,200 to IIM Bangalore matches timeline (2006) but can only be verified by contacting IIM Bangalore authorities (help wanted).
It is impossible to say with 100% certainty, but we are about 95% certain that the figures are real. But we encourage you to do your own analysis and independent verification.
Question: Why are these data relevant to parents ?
Answer: The discussions on the fee hike are constrained by lack of data on costs including the campus lease/rental charge, bus service charges etc which were blamed as the major factors for the fee hike. Parents wish to have the data so that they can analyse the numbers and be well informed before making their judgement on the hike.
We request GIIS/GIF not to withhold information which is important to parents.
The highlights for GIIS Queenstown (Year 2006) are as follows:
GIIS QT has "transferred" or "donated" S$ 1.94 million to GIF in 2006.
GIIS QT has transferred S$ 415,327 to GIIS New Zealand.
GIIS QT has paid about S$5,200 to IIM Bangalore.
GIIS QT has paid $640,368 to Indian Schools Pte Ltd.
GIIS QT has received about S$8.995 million in Tuition Fees.
GIIS QT has received about S$2.4 million in Bus Fees.
GIIS QT has paid about S$1.38 milion as Bus Payments.
GIIS QT has paid S$1,289044 as lease (rental) to SLA.
GIIS QT has spent about S$167 K as cleaning expenditures
GIIS QT has spent about S$292 K on advertising
GIIS QT has spent about S$61 K on guests and dignitaries.
GIIS QT turned a profit of about S$ 3.8 million after all the outflows were considered (including transfers as noted above).
[Images removed 25/03/2008, see numbers above instead -Ed]
We request GIF to refute the above accounts if they are wrong, and publish their true accounts. (We have always welcomed GIIS/GIF management to join this blog)
A request to all commentators: Please avoid personal attacks. Thank you.
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