The University of Hong Kong Consolidated Statement of Comprehensive Income The University of Hong Kong Consolidated Statement of Financial Position For the year ended June 30, 2018 As at June 30, 2018 (Expressed in thousands of Hong Kong dollars) 2018 2017 Revenue Government Subventions 5,188,694 4,971,549 Tuition, Programmes and Other Fees 2,808,193 2,704,072 Donations and Benefactions 640,724 445,192 Auxiliary Services 413,435 415,460 Interest and Investment Gain 930,390 1,446,241 Other Income 864,534 847,571 10,845,970 10,830,085 Expenditure Teaching, Learning and Research Teaching and Research 6,092,495 5,782,972 Library 240,600 230,581 Central Computing Facilities 209,654 202,693 Other Academic Services 348,657 329,163 Institutional Support Management and General 570,891 592,535 Premises and Related Expenses 1,199,083 1,325,625 Student and General Education Services 498,623 490,817 Other Activities 295,388 306,454 9,455,391 9,260,840 Surplus for the Year before Share of Joint Ventures and Associates 1,390,579 1,569,245 Share of Surplus of Joint Ventures 9,827 10,757 Share of Surplus of Associates 1,204 1,309 Loss on Disposal of an Associate - (738) Surplus for the Year 1,401,610 1,580,573 Other Comprehensive Income Items that may be recognised in the Consolidated Statement of Comprehensive Income Exchange Differences 3,439 1,917 Share of Changes in Fair Value of Available-for-Sale Financial Assets of a Joint Venture 1,215 1,151 Changes in Fair Value of an Available-for-Sale Financial Asset (2,103) 57,936 Items that will not be recognised subsequently in the Consolidated Statement of Comprehensive Income Re-measurement of Defined Benefit Retirement Scheme Assets 4,339 7,119 6,890 68,123 Total Comprehensive Income for the Year 1,408,500 1,648,696 Attributable to: UGC Funds 409,788 331,548 Restricted Funds 33,352 197,512 Other Funds 965,360 1,119,636 1,408,500 1,648,696 (Expressed in thousands of Hong Kong dollars) 2018 2017 Assets Non-Current Assets Property, Plant and Equipment 8,497,315 8,742,012 Intangible Assets 10,786 22,443 Interest in Associates 4,889 3,685 Interest in Joint Ventures 238,793 227,751 Available-for-Sale Financial Assets 57,226 59,329 Held-to-Maturity Investments 1,722,070 949,609 Financial Assets at Fair Value through Profit or Loss 11,288,688 10,585,708 Loans Receivable 4,540 4,096 Accounts Receivable and Prepayments 628,120 523,363 Defined Benefit Retirement Scheme Assets 13,013 9,340 22,465,440 21,127,336 Current Assets Assets Classified as Held for Sale 39,756 1,531 Held-to-Maturity Investments 187,193 221,996 Financial Assets at Fair Value through Profit or Loss 304,094 335,258 Loans Receivable 152,897 161,891 Inventories 5,760 6,385 Accounts Receivable and Prepayments 875,816 888,066 Amount Due from a Joint Venture 2,396 4,040 Bank Deposits with Original Maturity over Three Months 6,272,579 8,387,031 Cash and Cash Equivalents 2,760,086 812,114 10,600,577 10,818,312 Total Assets 33,066,017 31,945,648 Funds UGC Funds 2,374,892 2,325,804 Restricted Funds 8,669,323 8,366,970 Other Funds 14,373,404 13,361,345 Total Funds 25,417,619 24,054,119 Liabilities Non-Current Liabilities Accounts Payable and Accruals 4,902 11,225 Employee Benefit Accruals 79,867 97,317 Loans and Borrowings 111,484 143,233 Deferred Capital Funds 3,032,627 3,097,362 3,228,880 3,349,137 Current Liabilities Accounts Payable and Accruals 2,756,743 2,591,106 Amount Due to a Joint Venture 2,185 69 Employee Benefit Accruals 710,700 665,027 Loans and Borrowings 207,496 479,228 Deferred Income 742,394 806,962 4,419,518 4,542,392 Total Liabilities 7,648,398 7,891,529 Total Funds and Liabilities 33,066,017 31,945,648 Net Current Assets 6,181,059 6,275,920 Total Assets Less Current Liabilities 28,646,499 27,403,256 ︱47 46︱ AN EXTRACT FROM THE UNIVERSITY’S ANNUAL ACCOUNTS 2017–18
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