HKU Annual Report 2023

59 58 HKU ANNUAL REPORT 2023 AN EXTRACT FROM THE UNIVERSITY’S ANNUAL ACCOUNTS 2022–23 CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at June 30, 2023 In thousands of Hong Kong dollars 2023 2022 Revenue Government Subventions 6,572,361 6,164,559 Tuition, Programmes and Other Fees 4,813,732 4,114,089 Donations and Benefactions 636,242 1,017,597 Auxiliary Services 359,105 351,039 Interest and Investment Gain / (Loss), Net 456,007 (2,161,783) Other Income, Net 1,322,727 1,142,769 14,160,174 10,628,270 Expenditure Teaching, Learning and Research Teaching and Research 7,939,736 7,678,155 Library 201,709 210,428 Central Computing Facilities 237,050 227,698 Other Academic Services 498,737 497,635 Institutional Support Management and General 608,902 569,612 Premises and Related Expenses 1,786,947 1,468,355 Student and General Education Services 686,312 690,154 Other Activities 241,848 268,554 12,201,241 11,610,591 Surplus / (Deficit) for the Year before Share of Joint Venture and Associates 1,958,933 (982,321) Share of Surplus of a Joint Venture 15,392 14,520 Share of Deficit of Associates - (348) Surplus / (Deficit) for the Year 1,974,325 (968,149) Other Comprehensive Loss Items that may be recognised in the Consolidated Statement of Comprehensive Income Exchange Differences (11,900) (4,364) Share of Other Comprehensive Loss of a Joint Venture (803) (1,201) Items that will not be recognised subsequently in the Consolidated Statement of Comprehensive Income Re-measurement of Defined Benefit Retirement Scheme Assets (431) (5,185) (13,134) (10,750) Total Comprehensive Income / (Loss) for the Year 1,961,191 (978,899) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the year ended June 30, 2023 In thousands of Hong Kong dollars Attributable to UGC Funds 458,169 88,882 Restricted Funds (236,896) (960,997) Other Funds 1,739,918 (106,784) 1,961,191 (978,899) 2023 2022 Assets Non-Current Assets Property, Plant and Equipment 11,899,181 10,264,655 Right-of-Use Assets 2,085,525 2,135,476 Intangible Assets 12,256 11,344 Interests in Associates - - Interests in Joint Ventures 305,527 290,938 Financial Investments at Amortised Cost 1,037,138 1,451,294 Financial Assets at Fair Value through Profit or Loss 13,790,225 15,615,862 Loans Receivable and Assets Classified as Held for Sale 2,802 2,957 Accounts Receivable, Prepayments and Deposits 1,002,885 794,953 Defined Benefit Retirement Scheme Assets 14,665 14,801 30,150,204 30,582,280 Current Assets Financial Investments at Amortised Cost 367,776 503,591 Financial Assets at Fair Value through Profit or Loss 740,204 268,842 Loans Receivable and Assets Classified as Held for Sale 84,943 107,190 Inventories 2,320 3,014 Accounts Receivable, Prepayments and Deposits 1,906,172 1,489,462 Amount Due from a Joint Venture 5,360 16,936 Bank Deposits with Original Maturity over Three Months 11,554,796 8,147,451 Cash and Cash Equivalents 1,748,068 2,264,926 16,409,639 12,801,412 Total Assets 46,559,843 43,383,692 Funds UGC Funds 2,794,904 2,383,799 Restricted Funds 10,846,015 10,355,117 Other Funds 18,302,314 17,243,126 Total Funds 31,943,233 29,982,042 Liabilities Non-Current Liabilities Accounts Payable and Accruals 170,643 94,406 Employee Benefit Accruals 16,234 24,209 Loans and Borrowings 95,008 95,008 Lease Liabilities 224,683 290,348 Deferred Capital Funds 6,657,820 4,514,788 7,164,388 5,018,759 Current Liabilities Accounts Payable and Accruals 3,594,484 3,956,541 Employee Benefit Accruals 773,927 859,164 Loans and Borrowings 50,310 60,270 Lease Liabilities 109,109 97,804 Deferred Income 2,924,392 3,409,112 7,452,222 8,382,891 Total Liabilities 14,616,610 13,401,650 Total Funds and Liabilities 46,559,843 43,383,692 Net Current Assets 8,957,417 4,418,521 Total Assets Less Current Liabilities 39,107,621 35,000,801

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