Page 41 - Annual Report 2011

Part 5 Financial Report

From July 2011 the ERP (Enterprise Resource Planning) system was used to increase effectiveness
and efficiency of the financial and material management in CMMU.

Financial Status

In 2011 current assets (cash and bank deposits) and short-term investments accounted for 95.7%
of total assets with 4.3% of non-current assets attributable to refurbishment and fixed assets for
CMMU operations.

CMMU had only current liabilities, which accounted for 27.4% of total assets, and accumulated
income from administration, which accounted for the rest of 72.6%. Matriculation fees are about
87.2% of current liabilities. Thus, CMMU had financial stability as there was no liability arising from
the loan. Investments come from using net operating income.

Since 2009, CMMU’s assets have gradually increased from 2.2% in 2010 and 11.9% in 2011. It
resulted from an increase in current assets including cash, bank deposits and investments and
short-term supplies.

��
Annual Report
����