The Review 2017

48 | 49 The University of Hong Kong Consolidated Statement of Comprehensive Income FOR THE YEAR ENDED JUNE 30, 2017 The University of Hong Kong Consolidated Statement of Financial Position AS AT JUNE 30, 2017 (Expressed in thousands of Hong Kong dollars) 2017 2016 Revenue Government Subventions 4,971,549 4,920,864 Tuition, Programmes and Other Fees 2,704,072 2,672,625 Donations and Benefactions 445,192 599,586 Auxiliary Services 415,460 325,359 Interest and Investment Gain / (Loss) 1,446,241 (638,077) Other Income 847,571 742,447 10,830,085 8,622,804 Expenditure Teaching, Learning and Research Teaching and Research 5,782,972 5,582,487 Library 230,581 218,269 Central Computing Facilities 202,693 195,544 Other Academic Services 329,163 312,673 Institutional Support Management and General 592,535 559,335 Premises and Related Expenses 1,325,625 1,140,801 Student and General Education Services 490,817 414,780 Other Activities 306,454 314,242 9,260,840 8,738,131 Surplus / (Deficit) for the Year before Share of Joint Ventures and Associates 1,569,245 (115,327) Share of Surplus of Joint Ventures 10,757 13,613 Share of Surplus of Associates 1,309 2,376 Loss on Disposal of a Joint Venture - (1,568) Loss on Disposal of an Associate (738) - Surplus / (Deficit) for the Year 1,580,573 (100,906) Other Comprehensive Income Items that may be recognised in the Consolidated Statement of Comprehensive Income Exchange Differences 1,917 (7,355) Share of Changes in Fair Value of Available-for-Sale Financial Assets of a Joint Venture 1,151 (10) Changes in Fair Value of an Available-for-Sale Financial Asset 57,936 - Items that will not be recognised subsequently in the Consolidated Statement of Comprehensive Income Re-measurement of Defined Benefit Retirement Scheme Assets 7,119 (5,176) 68,123 (12,541) Total Comprehensive Income for the Year 1,648,696 (113,447) Attributable to: UGC Funds 331,548 292,923 Restricted Funds 197,512 (414,418) Other Funds 1,119,636 8,048 1,648,696 (113,447) (Expressed in thousands of Hong Kong dollars) 2017 2016 Assets Non-Current Assets Property, Plant and Equipment 8,742,012 8,937,967 Intangible Assets 22,443 34,084 Interest in Associates 3,685 3,114 Interest in Joint Ventures 227,751 215,843 Available-for-Sale Financial Assets 59,329 1,393 Held-to-Maturity Investments 949,609 1,009,917 Financial Assets at Fair Value through Profit or Loss 10,585,708 9,064,741 Loans Receivable 4,096 4,588 Accounts Receivable and Prepayments 523,363 492,542 Defined Benefit Retirement Scheme Assets 9,340 3,136 21,127,336 19,767,325 Current Assets Assets Classified as Held for Sale 1,531 1,548 Held-to-Maturity Investments 221,996 268,141 Financial Assets at Fair Value through Profit or Loss 335,258 510,941 Loans Receivable 161,891 175,822 Inventories 6,385 7,666 Accounts Receivable and Prepayments 888,066 652,714 Amounts due from Joint Ventures 4,040 1,852 Bank Deposits with Original Maturity over Three Months 8,387,031 7,398,077 Cash and Cash Equivalents 812,114 1,131,598 10,818,312 10,148,359 Total Assets 31,945,648 29,915,684 Funds UGC Funds 2,325,804 2,309,335 Restricted Funds 8,366,970 7,847,915 Other Funds 13,361,345 12,248,173 Total Funds 24,054,119 22,405,423 Liabilities Non-Current Liabilities Accounts Payable and Accruals 11,225 8,328 Employee Benefit Accruals 97,317 113,733 Loans and Borrowings 143,233 163,359 Deferred Capital Funds 3,097,362 3,128,253 3,349,137 3,413,673 Current Liabilities Accounts Payable and Accruals 2,591,106 2,359,868 Amount due to a Joint Venture 69 69 Employee Benefit Accruals 665,027 681,133 Loans and Borrowings 479,228 224,658 Deferred Income 806,962 830,860 4,542,392 4,096,588 Total Liabilities 7,891,529 7,510,261 Total Funds and Liabilities 31,945,648 29,915,684 Net Current Assets 6,275,920 6,051,771 Total Assets Less Current Liabilities 27,403,256 25,819,096