The Review 2008

The University of Hong Kong Consolidated Balance Sheet As at June 30, 2008 As Restated (Expressed in thousands of Hong Kong dollars) 2008 2007 Assets Non-Current Assets • Proper ty, Plant and Equipment 11,867,285 8,024,804 • Leasehold Land 650,809 636,865 • Interests in Associates 1,279 3,892 • Interests in Jointly Controlled Entities 27,142 5,838 • Investments 9,042,229 8,142,930 • Bank Deposits - 227,270 • Loans Receivable 25,685 30,530 21,614,429 17,072,129 Current Assets • Investments 1,363,475 1,458,744 • Loans Receivable 178,056 153,607 • Inventories 3,263 3,574 • Accounts Receivable and Prepayments 200,405 210,113 • Amount due from Jointly Controlled Entities 8,618 9,319 • Cash and Bank Deposits 2,924,151 2,663,971 4,677,968 4,499,328 Total Assets 26,292,397 21,571,457 Funds Deferred Capital Funds • Equipment 7,732 7,441 • Buildings 440,056 266,691 447,788 274,132 Restricted Funds • General Endowment Fund 2,107,405 2,125,436 • Investment Reserve 1,008,727 1,216,387 • General Reserve 15,000 15,000 • Staff Housing Loan Fund 193,020 186,646 • Proper ty Revaluation Reserve 10,737,629 7,100,007 • Capital Projects 166,139 172,433 • Research Projects and Quality Assurance 128,858 109,407 14,356,778 10,925,316 Other Funds • General and Development Reserve Fund 1,639,233 1,756,024 • Self-financing Activity Funds – University 138,391 136,682 – HKU SPACE 1,299,866 1,088,968 – Other Subsidiaries (6,501) (10,120) 1,431,756 1,215,530 • Donations and Benefactions 5,539,983 4,759,302 8,610,972 7,730,856 Total Funds 23,415,538 18,930,304 Liabilities Non-Current Liabilities • Employee Benefit Accruals 221,915 214,277 • Loans and Borrowings 295,127 345,112 517,042 559,389 Current Liabilities • Accounts Payable and Accruals 1,222,050 1,000,383 • Amount due to a Jointly Controlled Entity 4,336 - • Employee Benefit Accruals 422,085 379,264 • Loans and Borrowings 154,049 141,936 • Deferred Income – Earmarked Grants 291,657 267,969 – Capital Grants and AA & I Block Allocation 166,034 235,997 – Others (including Donations and Benefactions) 99,606 56,215 557,297 560,181 2,359,817 2,081,764 Total Liabilities 2,876,859 2,641,153 Total Funds and Liabilities 26,292,397 21,571,457 Net Current Assets 2,318,151 2,417,564 Total Assets Less Current Liabilities 23,932,580 19,489,693 The Review 2008 • An Extract from the University’s Annual Accounts 2007-08 58 59 Officers of the University Deans of Faculties Architecture – Ralph Bennet Lerner BArch Cooper Union; MArch Harv; FAIA; HKIA Arts – Louie Kam Hung BA Syd; MPhil CUHK; PhD, DipEd Syd; FAHA Business and Economics – Gary Clark Biddle BSBA Ohio State; MBA, PhD Chic; FCPA Dentistry – Lakshman Perera Samaranayake BDS Peradeniya; DDS Glas; FRCPath; CBiol; MIBiol; FHKAM (Pathology); FHKAM (Dental Surgery); FHKCPath; FCDSHK; HonFDS RCS(Edin); HonDSc Peradeniya Education – Shirley Joy Grundy BA Q’ld; MAW Aust; PhD Murdoch Engineering – ChewWeng Cho BSc, MS, PhD MIT Law – Johannes Chan Man Mun LLB HK; LLM Lond; PCLL HK; Barrister of the High Court of Hong Kong SAR Medicine – Lee Sum Ping MBBS HK; PhD Auck; MD HK; FRACP; DABIM Science – Kwok Sun BSc McMaster ; MS, PhD Minn Social Sciences – Ian Michael Holliday MA Cantab; MPhil, DPhil Oxon Dean of Student Affairs Albert ChauWai Lap BSc(Eng) HK; MS, PhDWisc; PCPsych; FHKPsS Registrar HenryWaiWing Kun BA, MA HK; FCIS Director of Finance Philip Lam Bing Lun DipMS HKPU; ACIB; ACIS; FCMA; CPA; CMA Librarian AnthonyWalter Ferguson BA BrighamYoung; MA, MLS Wash; EdD Col Director of Estates KennethWong Pak Keung BA Hawaii; BArch Br Col; MSc(ConstProjectMan) HK; HKIA; MAIBC; CFM; FPFM Chancellor The Hon. Donald TsangYam Kuen GBM, MPA Harv; HonLLD CUHK; HonDBA HKPU; HonLLD HK Pro-Chancellor The Hon. David Li Kwok Po GBM; GBS; HonLLD Cantab,Warw and HK; JP Chairman of the Council Victor Fung Kwok King GBS; BSc, MSc MIT; PhD Harv; HonDCS Suffolk; HonLLD HK; HonDBA OUHK and HKBU Vice-Chancellor and President Lap-Chee Tsui OC; OOnt; BSc, MPhil CUHK; PhD Pitt; FRS; FRS(Can); HonDSc New Brunswick; HonDCL King’s Coll; HonDSc CUHK; HonLLD St FX; HonDSc York; HonPhD Tel Aviv; (Hon)FRCP(Lond); (Hon)FHKCPath; (Hon)FHKCP; HonPhD Tor ; HonDSc Aberd; JP Deputy Vice-Chancellor and Provost RichardWongYue Chim SBS; AB, AM, PhD Chic; JP Pro-Vice-Chancellors and Vice-Presidents Chow Shew Ping MBBS, MS HK; FRCS(Edin); FACS; FHKAM (Orth); JP Joseph Lee HunWei BSc(Eng), MSc, PhD MIT; MCIWEM; FHKIE; FHKAES; FASCE; FREng John Graham Malpas MA Oxon; MSc, PhD Newfoundland; DSc Oxon; PGeo Paul Tam Kwong Hang MBBS HK; ChM Liv; FRCS(Eng); FRCS(Edin); FRCS(Glas); FRCS(Ire); FRCPCH; FHKAM (Surgery) Amy Tsui Bik May BA, MA HK; PhD Birm; DipEd HK Treasurer Paul Chow ManYiu (Acting) SBS; BSc(Eng), MBA HK; JP (As at November 2008) The Review 2008