53 52 HKU ANNUAL REPORT 2025 AN EXTRACT FROM THE UNIVERSITY’S ANNUAL ACCOUNTS 2024–25 ASSETS 2025 2024 NON-CURRENT ASSETS Property, Plant and Equipment 14,604,233 13,121,091 Right-of-use Assets 2,205,054 1,990,338 Intangible Assets 12,159 11,563 Interests in Joint Venture 336,010 322,531 Financial Investments at Amortised Cost 983,677 818,930 Financial Assets at Fair Value through Profit or Loss 17,417,414 14,747,888 Loans Receivable 3,478 3,349 Accounts Receivable, Prepayments and Deposits 1,236,753 1,025,755 Defined Benefit Retirement Scheme Assets 18,036 15,487 Deferred Tax Assets 50,244 9,661 Bank Deposits with Original Maturity over Three Months 900,000 - 37,767,058 32,066,593 CURRENT ASSETS Financial Investments at Amortised Cost 243,183 403,600 Financial Assets at Fair Value through Profit or Loss 351,860 678,871 Loans Receivable 62,325 75,402 Inventories 3,148 2,694 Accounts Receivable, Prepayments and Deposits 2,686,000 2,202,296 Amount Due from a Joint Venture 24,164 - Bank Deposits with Original Maturity over Three Months 15,993,607 14,662,505 Cash and Cash Equivalents 1,505,051 1,243,858 20,869,338 19,269,226 TOTAL ASSETS 58,636,396 51,335,819 FUNDS UGC Funds 4,246,068 3,826,353 Restricted Funds 12,072,046 11,050,061 Other Funds 24,357,624 20,984,828 TOTAL FUNDS 40,675,738 35,861,242 LIABILITIES NON-CURRENT LIABILITIES Accounts Payable and Accruals 175,346 152,334 Employee Benefit Accruals 6,142 5,731 Loans and Borrowings 62,057 78,532 Lease Liabilities 448,066 187,725 Deferred Capital Funds 7,792,146 7,250,680 Deferred Tax Liabilities 33,107 - 8,516,864 7,675,002 CURRENT LIABILITIES Accounts Payable and Accruals 5,444,823 3,902,217 Amount Due to a Joint Venture - 2,285 Employee Benefit Accruals 849,087 804,601 Tax Payable 12,746 6,595 Loans and Borrowings 48,951 60,936 Lease Liabilities 113,454 93,653 Deferred Income 2,974,733 2,929,288 9,443,794 7,799,575 TOTAL LIABILITIES 17,960,658 15,474,577 CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at June 30, 2025 In thousands of Hong Kong dollars REVENUE 2025 2024 Government Subventions 6,636,014 7,038,863 Tuition, Programmes and Other Fees 6,754,885 5,650,103 Donations and Benefactions 944,680 917,398 Auxiliary Services 463,661 409,508 Interest and Investment Gain, Net 2,646,567 1,627,001 Other Income, Net 1,335,664 1,249,446 18,781,471 16,892,319 EXPENDITURE TEACHING, LEARNING AND RESEARCH Teaching and Research 9,450,564 8,622,826 Library 206,341 202,126 Central Computing Facilities 271,151 248,459 Other Academic Services 639,376 541,689 INSTITUTIONAL SUPPORT Management and General 750,843 699,737 Premises and Related Expenses 1,679,467 1,793,887 Student and General Education Services 781,804 724,969 Other Activities 204,862 162,541 13,984,408 12,996,234 SURPLUS FOR THE YEAR BEFORE SHARE OF JOINT VENTURE 4,797,063 3,896,085 SHARE OF SURPLUS OF JOINT VENTURE 12,126 16,826 SURPLUS BEFORE TAXATION FOR THE YEAR 4,809,189 3,912,911 INCOME TAX (EXPENSE) / CREDIT (1,511) 3,981 SURPLUS FOR THE YEAR 4,807,678 3,916,892 OTHER COMPREHENSIVE INCOME ITEMS THAT ARE OR MAY BE RECLASSIFIED SUBSEQUENTLY TO SURPLUS OR DEFICIT Exchange Differences 3,341 533 Share of Other Comprehensive Income of a Joint Venture 1,353 178 ITEMS THAT WILL NOT BE RECLASSIFIED SUBSEQUENTLY TO SURPLUS OR DEFICIT Re-measurement of Defined Benefit Retirement Scheme Assets 2,124 406 6,818 1,117 TOTAL COMPREHENSIVE INCOME FOR THE YEAR 4,814,496 3,918,009 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the year ended June 30, 2025 In thousands of Hong Kong dollars ATTRIBUTABLE TO UGC Funds 398,077 1,012,129 Restricted Funds 161,705 (40,820) Other Funds 4,254,714 2,946,700 4,814,496 3,918,009 TOTAL FUNDS AND LIABILITIES 58,636,396 51,335,819 NET CURRENT ASSETS 11,425,544 11,469,651 TOTAL ASSETS LESS CURRENT LIABILITIES 49,192,602 43,536,244
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