AN EXTRACT FROM THE UNIVERSITY’S ANNUAL ACCOUNTS 2021-22 63 62 HKU ANNUAL REPORT 2022 2022 2021 Revenue Government Subventions 6,164,559 5,917,304 Tuition, Programmes and Other Fees 4,114,089 3,459,675 Donations and Benefactions 1,017,597 579,719 Auxiliary Services 351,039 345,805 Interest and Investment (Loss) / Gain (2,161,783) 3,301,846 Other Income, Net 1,142,769 1,044,264 10,628,270 14,648,613 Expenditure Teaching, Learning and Research Teaching and Research 7,678,155 7,389,199 Library 210,428 240,778 Central Computing Facilities 227,698 228,655 Other Academic Services 497,635 499,054 Institutional Support Management and General 569,612 536,966 Premises and Related Expenses 1,468,355 1,509,766 Student and General Education Services 690,154 586,118 Other Activities 268,554 260,380 11,610,591 11,250,916 (Deficit) / Surplus for the Year before Share of Joint Ventures and Associates (982,321) 3,397,697 Share of Surplus of Joint Ventures 14,520 19,796 Share of Deficit of Associates (348) (186) (Deficit) / Surplus for the Year (968,149) 3,417,307 Other Comprehensive (Loss) / Income Items that may be recognised in the Consolidated Statement of Comprehensive Income Exchange Differences (4,364) 12,483 Share of Other Comprehensive (Loss) / Income of a Joint Venture (1,201) 452 Items that will not be recognised subsequently in the Consolidated Statement of Comprehensive Income Re-measurement of Defined Benefit Retirement Scheme Assets (5,185) 8,699 (10,750) 21,634 Total Comprehensive (Loss) / Income for the Year (978,899) 3,438,941 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME CONSOLIDATED STATEMENT OF FINANCIAL POSITION For the year ended June 30, 2022 In thousands of Hong Kong dollars As at June 30, 2022 In thousands of Hong Kong dollars Attributable to UGC Funds 88,882 389,803 Restricted Funds (960,997) 735,050 Other Funds (106,784) 2,314,088 (978,899) 3,438,941 2022 2021 Assets Non-Current Assets Property, Plant and Equipment 10,264,655 8,936,554 Right-of-Use Assets 2,135,476 1,835,811 Intangible Assets 11,344 9,207 Interests in Associates - 5,900 Interests in Joint Ventures 290,938 278,265 Financial Investments at Amortised Cost 1,451,294 1,885,183 Financial Assets at Fair Value through Profit or Loss 15,615,862 17,555,384 Loans Receivable and Assets Classified as Held for Sale 2,957 3,171 Accounts Receivable, Prepayments and Deposits 794,953 732,248 Defined Benefit Retirement Scheme Assets 14,801 20,231 30,582,280 31,261,954 Current Assets Financial Investments at Amortised Cost 503,591 521,254 Financial Assets at Fair Value through Profit or Loss 268,842 348,186 Loans Receivable and Assets Classified as Held for Sale 107,190 113,453 Inventories 3,014 2,226 Accounts Receivable, Prepayments and Deposits 1,489,462 1,255,074 Amount Due from a Joint Venture 16,936 19,710 Bank Deposits with Original Maturity over Three Months 8,147,451 6,629,463 Cash and Cash Equivalents 2,264,926 2,954,454 12,801,412 11,843,820 Total Assets 43,383,692 43,105,774 Funds UGC Funds 2,383,799 2,342,953 Restricted Funds 10,355,117 10,820,469 Other Funds 17,243,126 17,797,519 Total Funds 29,982,042 30,960,941 Liabilities Non-Current Liabilities Accounts Payable and Accruals 94,406 55,481 Employee Benefit Accruals 24,209 42,863 Loans and Borrowings 95,008 95,008 Lease Liabilities 290,348 141,149 Deferred Capital Funds 4,514,788 3,600,457 5,018,759 3,934,958 Current Liabilities Accounts Payable and Accruals 3,956,541 3,643,459 Amount Due to a Joint Venture - 2,040 Employee Benefit Accruals 859,164 888,419 Loans and Borrowings 60,270 67,200 Lease Liabilities 97,804 91,288 Deferred Income 3,409,112 3,517,469 8,382,891 8,209,875 Total Liabilities 13,401,650 12,144,833 Total Funds and Liabilities 43,383,692 43,105,774 Net Current Assets 4,418,521 3,633,945 Total Assets Less Current Liabilities 35,000,801 34,895,899
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