Land Holdings Sites Lot Area (in Hectares) Hong Kong Island 43.9 Main Campus 17.3 Medical Campus 4.2 Other Sites on Pokfulam 22.4 New Territories 9.6 Kadoorie Centre 9.6 All 53.5 Halls and Student Residences Number of Places Number Existing 6,500 Planned 2,450 Space Distribution of Space by Categories Based on Total Gross Covered Floor Area (as of June 2018) Category Gross Covered Floor Area (in sq. m.) % Academic Space 309,252 43.7% Central Libraries 44,733 6.3% Central Administration and Maintenance 27,838 3.9% Student and Staff Amenities 29,865 4.2% Sports Facilities 14,441 2.0% Student Halls of Residence and Staff Quarters 275,627 38.9% Others (Including HKU Museum and HKU Press) 6,554 0.9% All Categories 708,310 100% HKU SPACE Gross Covered Floor Area (as of June 2018) 44,209 sq. m. AN EXTRACT FROM THE UNIVERSITY’S ANNUAL ACCOUNTS 2017–18 Overview The financial year 2017–18 was the second year of the 2016–19 triennium. The Group continued to provide a world-class and intellectual environment striving for academic excellence in all aspects of teaching, learning, research and knowledge exchange. The Group’s consolidated financial results recorded a surplus of $1,409 million under the continuous and incremental funding support from the University Grants Committee (UGC). In preparing the consolidated financial statements, the Group has adopted certain new / revised Hong Kong Financial Reporting Standards (HKFRS) issued by the Hong Kong Institute of Certified Public Accountants which are relevant and applicable to the Group’s operation and comply with the Statement of Recommended Practice for the UGC-Funded Institutions. Results for the Year The Group’s consolidated results for the year ended June 30, 2018 are summarised as follows: 10,846 (9,455) 1,391 11 1,402 7 1,409 2018 $ million Income Expenditure Surplus from Operations Share of Surplus of Joint Ventures and Associates Surplus for the Year Other Comprehensive Income Total Comprehensive Income 10,830 (9,261) 1,569 12 1,581 68 1,649 2017 $ million The consolidated income for the year 2017–18 was $10,846 million, an increase of $16 million as compared to last year. This was mainly due to increase in subventions from UGC as well as the donations and benefactions received during the year. The consolidated expenditure increased 2% to $9,455 million (2016–17: $9,261 million), of which $6,891 million (2016–17: $6,545 million) was expended on the Group’s teaching, learning and research activities. Financial Outlook With the end of the financial year 2017–18, the University has entered into the last year of the triennium. The University has placed a sharp focus on its vision to be the Asia’s Global University and delivers impact through internationalisation, innovation and interdisciplinarity. As always, the University prepares to make substantial and longterm investments in infrastructure and technology upgrades to support our academic endeavours and enhance the teaching, learning and research experiences throughout the campus. More considerable resources are required to invest and improve the physical space available for scholarly activities, as well as the accommodation for an enlarged student population, both local and overseas, in the coming years. The University shall remain prudent and yet be creative and flexible in financial management to facilitate the long-term growth of the University, while at the same time actively attracting donations and managing resources in an efficient manner to support the strategic development. 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 addressed to e-mail: finance-mail@hku.hk. ︱45 44︱ THE UNIVERSITY PROFILE
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