CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at June 30, 2024 In thousands of Hong Kong dollars 2024 2023 Revenue Government Subventions 7,038,863 6,572,361 Tuition, Programmes and Other Fees 5,650,103 4,813,732 Donations and Benefactions 917,398 636,242 Auxiliary Services 409,508 359,105 Interest and Investment Gain, Net 1,627,001 456,007 Other Income, Net 1,249,446 1,322,727 16,892,319 14,160,174 Expenditure Teaching, Learning and Research Teaching and Research 8,622,826 7,939,736 Library 202,126 201,709 Central Computing Facilities 248,459 237,050 Other Academic Services 541,689 498,737 Institutional Support Management and General 699,737 608,902 Premises and Related Expenses 1,793,887 1,786,947 Student and General Education Services 724,969 686,312 Other Activities 162,541 244,430 12,996,234 12,203,823 Surplus for the Year before Share of Joint Venture and Associates 3,896,085 1,956,351 Share of Surplus of Joint Venture 16,826 15,392 Surplus before Taxation for the Year 3,912,911 1,971,743 Income Tax Credit 3,981 2,582 Surplus for the Year 3,916,892 1,974,325 Other Comprehensive Income / (Loss) Items that may be recognised in the Consolidated Statement of Comprehensive Income Exchange Differences 533 (11,900) Share of Other Comprehensive Income / (Loss) of a Joint Venture 178 (803) Items that will not be recognised subsequently in the Consolidated Statement of Comprehensive Income Re-measurement of Defined Benefit Retirement Scheme Assets 406 (431) 1,117 (13,134) Total Comprehensive Income for the Year 3,918,009 1,961,191 Attributable to UGC Funds 1,012,129 458,169 Restricted Funds (40,820) (236,896) Other Funds 2,946,700 1,739,918 3,918,009 1,961,191 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the year ended June 30, 2024 In thousands of Hong Kong dollars 2024 2023 Assets Non-current Assets Property, Plant and Equipment 13,121,091 11,899,181 Right-of-use Assets 1,990,338 2,085,525 Intangible Assets 11,563 12,256 Interests in Joint Venture 322,531 305,527 Financial Investments at Amortised Cost 818,930 1,037,138 Financial Assets at Fair Value through Profit or Loss 14,747,888 13,790,225 Loans Receivable 3,349 2,802 Accounts Receivable, Prepayments and Deposits 1,025,755 1,002,885 Defined Benefit Retirement Scheme Assets 15,487 14,665 Deferred Tax Assets 9,661 - 32,066,593 30,150,204 Current Assets Financial Investments at Amortised Cost 403,600 367,776 Financial Assets at Fair Value through Profit or Loss 678,871 740,204 Loans Receivable 75,402 84,943 Inventories 2,694 2,320 Accounts Receivable, Prepayments and Deposits 2,202,296 1,906,172 Amount Due from a Joint Venture - 5,360 Bank Deposits with Original Maturity over Three Months 14,662,505 11,554,796 Cash and Cash Equivalents 1,243,858 1,748,068 19,269,226 16,409,639 Total Assets 51,335,819 46,559,843 Funds UGC Funds 3,826,353 2,794,904 Restricted Funds 11,050,061 10,846,015 Other Funds 20,984,828 18,302,314 Total Funds 35,861,242 31,943,233 Liabilities Non-current Liabilities Accounts Payable and Accruals 152,334 170,643 Employee Benefit Accruals 5,731 16,234 Loans and Borrowings 78,532 95,008 Lease Liabilities 187,725 224,683 Deferred Capital Funds 7,250,680 6,657,820 7,675,002 7,164,388 Current Liabilities Accounts Payable and Accruals 3,902,217 3,593,504 Amount Due to a Joint Venture 2,285 - Employee Benefit Accruals 804,601 773,927 Tax Payable 6,595 980 Loans and Borrowings 60,936 50,310 Lease Liabilities 93,653 109,109 Deferred Income 2,929,288 2,924,392 7,799,575 7,452,222 Total Liabilities 15,474,577 14,616,610 Total Funds and Liabilities 51,335,819 46,559,843 Net Current Assets 11,469,651 8,957,417 Total Assets Less Current Liabilities 43,536,244 39,107,621 HKU ANNUAL REPORT 2024 54 55 AN EXTRACT FROM THE UNIVERSITY’S ANNUAL ACCOUNTS 2023–24
RkJQdWJsaXNoZXIy ODI4MTQ=