51 AN EXTRACT FROM THE UNIVERSITY’S ANNUAL ACCOUNTS 2024–25 50 HKU ANNUAL REPORT 2025 SPACE DISTRIBUTION OF SPACE BY CATEGORIES BASED ON TOTAL GROSS COVERED FLOOR AREA As of June 2025 In sq.m. HKU SPACE GROSS COVERED FLOOR AREA As of June 2025 As of June 2025 In hectares HALLS AND STUDENT RESIDENCES As of June 2025 728,972 LAND HOLDINGS 45,577sq.m. Kadoorie Centre 9.6 950 Planned Places 7,800 Existing Places 54.8 Medical Campus 4.2 Main Campus 17.7 Other Sites on Pokfulam 23.3 An Extract from the University’s Annual Accounts 2024–25 OUTLOOK As the financial year 2024–25 ended, the University has entered into the first year of the triennium of 2025–28. The University continues its strong commitment to intellectual freedom, liberty and diversity. The University actively promotes Hong Kong as a premier hub for global talent to study, innovate, and conduct research. To fulfil its education mission, the University will continue to recruit top scholars as well as young researchers; admit top talented students with diverse backgrounds; and upgrade its infrastructure and technology, including student amenities, teaching and research facilities. The University remains committed to excellence and innovation, and advancing its mission by actively supporting national strategies in developing our Country into a leading nation in education. The University will remain prudent and yet flexible in financial management in its pursuit to continue being Asia’s leading global university. The University’s Annual Accounts can be found at www.feo.hku.hk/finance/. Any correspondence or feedback on this extract or the accounts should be emailed to finance-mail@hku.hk. OVERVIEW The financial year 2024–25 was the last year of the 2022–25 triennium. The Group demonstrated its commitment to provide worldclass education and research, and delivered impact through internationalisation, innovation and interdisciplinarity. In preparing the consolidated financial statements, the Group has adopted certain new / revised HKFRS Accounting Standards issued by the Hong Kong Institute of Certified Public Accountants which are relevant and applicable to the Group’s operation and complied with the Statement of Recommended Practice for the University Grants Committee (UGC)-Funded Institutions. During the financial year, the Group recorded a surplus of HK$4,814 million. Compared to the previous year, the surplus increased in 2024–25 as a result of increases in tuition fees and improvement in investment performance, partially offset by the growth in operating costs in teaching and research. A return of HK$822 million from the balances of the General and Development Reserve Fund (GDRF) to the Government of the Hong Kong Special Administrative Region (HKSAR) offset the increase in government subventions. The consolidated income for the year 2024–25 was HK$18,781 million, an increase of HK$1,889 million from last year. This was mainly attributable to increases in tuition fees and improvement in investment performance. A return of HK$822 million from the balances of the GDRF to the Government of the HKSAR offset the increase in government subventions. The consolidated expenditure increased by 8% to HK$13,984 million (2023–24: HK$12,996 million), of which HK$10,567 million (2023–24: HK$9,615 million) was expended on the Group’s teaching, learning and research activities. RESULTS FOR THE YEAR The Group’s consolidated results for the year ended June 30, 2025 are summarised as follows: Surplus from Operations Others 2025 Income Expenditure 18,781 (13,984) 4,797 17 HK$ in million HK$ in million 3,896 22 16,892 (12,996) 2024 TOTAL COMPREHENSIVE INCOME 4,814 3,918 Academic Space 332,960 45.7% Central Libraries 44,733 6.1% Student and Staff Amenities 31,713 4.4% Central Administration and Maintenance 27,838 3.8% Others (Including HKU Museum and HKU Press) 6,554 0.9% Student Halls of Residence and Staff Quarters 280,843 38.5% Sports Facilities 4,331 0.6%
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