The Review 2015

55 The University of Hong Kong Consolidated Statement of Comprehensive Income The University of Hong Kong Consolidated Balance Sheet For the year ended June 30, 2015 As at June 30, 2015 (Expressed in thousands of Hong Kong dollars) 2015 2014 Income Government Subventions • Subventions from UGC: - Block Grants and Non-accountable Supplementary Grants 3,720,406 3,347,450 - Earmarked Grants 314,505 302,770 - Rates and Government Rent Refund 77,427 76,484 - Capital Grants and Alteration, Additions and Improvements (AA & I) Block Allocation 110,957 163,091 4,223,295 3,889,795 • Matching Grants 2,205 94,530 • Grants from Government Agencies and Related Organisations 231,345 185,257 4,456,845 4,169,582 Tuition, Programmes and Other Fees • UGC-Funded Programmes 987,053 950,575 • Non UGC-Funded Programmes 1,596,951 1,621,289 2,584,004 2,571,864 Donations and Benefactions 681,949 1,526,785 Auxiliary Services • Residential Halls and Hostels 114,902 107,260 • University Press 6,724 7,440 • Rental Income and Rental Contribution from Staff 161,676 155,711 • Clinics and Chinese Medicine Pharmacies 15,109 16,139 • Others 13,679 13,661 312,090 300,211 Other Income • Contract Research 120,550 117,142 • Service Income 418,567 349,793 • Outside Practice 91,761 85,293 • Miscellaneous 71,890 110,831 702,768 663,059 8,737,656 9,231,501 Expenditure Learning and Research • Instruction and Research 5,217,634 4,981,501 • Library 207,264 208,795 • Central Computing Facilities 188,855 184,133 • Other Academic Services 291,891 277,774 5,905,644 5,652,203 Institutional Support • Management and General 543,532 518,161 • Premises and Related Expenses 1,091,061 1,071,709 • Student and General Education Services 380,189 363,137 • Other Activities 307,501 273,357 2,322,283 2,226,364 8,227,927 7,878,567 Interest and Investment Gain 669,292 1,149,781 Surplus from Operations 1,179,021 2,502,715 Share of Surplus of Joint Ventures 58,753 32,705 Surplus for the Year 1,237,774 2,535,420 Other Comprehensive Income / (Loss) Items that may be recognised in the Consolidated Statement of Comprehensive Income • Exchange Differences 226 (814) • Share of Changes in Fair Value of Available-for-Sale Investments of a Joint Venture 260 122 Items that will not be recognised subsequently in the Consolidated Statement of Comprehensive Income • Re-measurement of Defined Benefit Retirement Scheme Assets 1,000 (5,936) 1,486 (6,628) Total Comprehensive Income for the Year 1,239,260 2,528,792 (Expressed in thousands of Hong Kong dollars) 2015 2014 Assets Non-Current Assets Property, Plant and Equipment 9,140,640 8,136,943 Intangible Assets 38,840 42,584 Interest in Associates 738 662 Interest in Joint Ventures 211,191 152,180 Investments 12,494,205 11,358,198 Loans Receivable 4,716 5,310 Accounts Receivable and Prepayments 308,605 6,945 Defined Benefit Retirement Scheme Assets 9,388 9,437 22,208,323 19,712,259 Current Assets Investments 855,648 815,658 Loans Receivable 175,986 172,798 Inventories 4,626 5,229 Accounts Receivable and Prepayments 616,097 839,656 Amount Due from Joint Ventures 6,686 38,231 Cash and Bank Deposits 5,978,311 6,770,144 7,637,354 8,641,716 Total Assets 29,845,677 28,353,975 Funds Deferred Capital Funds Equipment 38,663 51,696 Buildings 4,308,030 4,345,452 4,346,693 4,397,148 Restricted Funds General Endowment Fund 2,438,788 2,397,897 Investment Reserve 1,181,165 1,154,109 General Reserve 15,000 15,000 Staff Housing Loan Fund 98,574 98,382 Building Capitalisation Reserve 2,373,322 2,454,888 Capital Projects 68,572 62,966 Research Projects and Quality Assurance 230,837 212,544 6,406,258 6,395,786 Other Funds General and Development Reserve Fund 963,987 696,918 Matching Grants 1,624,530 1,637,311 Self-financing Activity Funds • University 947,656 851,297 • HKU SPACE 2,195,368 2,114,198 • Other Subsidiaries 46,306 22,787 3,189,330 2,988,282 Donations and Benefactions 9,174,496 8,273,898 14,952,343 13,596,409 Total Funds 25,705,294 24,389,343 Liabilities Non-Current Liabilities Accounts Payable and Accruals 6,337 10,086 Employee Benefit Accruals 120,598 141,006 Loans and Borrowings 183,421 203,418 310,356 354,510 Current Liabilities Accounts Payable and Accruals 2,275,941 2,234,925 Amount Due to a Joint Venture 416 415 Employee Benefit Accruals 657,623 634,271 Loans and Borrowings 124,898 122,738 Deferred Income • Earmarked Grants 401,537 338,805 • Capital Grants and AA & I Block Allocation 131,470 91,788 • Others (Including Donations and Benefactions) 238,142 187,180 771,149 617,773 3,830,027 3,610,122 Total Liabilities 4,140,383 3,964,632 Total Funds and Liabilities 29,845,677 28,353,975 Net Current Assets 3,807,327 5,031,594 Total Assets Less Current Liabilities 26,015,650 24,743,853 The Review 2015