The Review 2019

(Expressed in thousands of Hong Kong dollars) 2019 2018 Revenue Government Subventions 5,304,526 5,188,694 Tuition, Programmes and Other Fees 3,116,399 2,808,193 Donations and Benefactions 442,324 640,724 Auxiliary Services 423,033 413,435 Interest and Investment Gain 520,235 930,390 Other Income 863,818 864,534 10,670,335 10,845,970 Expenditure Teaching, Learning and Research Teaching and Research 6,635,832 6,092,495 Library 259,753 240,600 Central Computing Facilities 227,261 209,654 Other Academic Services 381,013 348,657 Institutional Support Management and General 585,219 570,891 Premises and Related Expenses 1,282,797 1,199,083 Student and General Education Services 574,103 498,623 Other Activities 333,357 295,388 10,279,335 9,455,391 Surplus for the Year before Share of Joint Ventures and Associates 391,000 1,390,579 Share of Surplus of Joint Ventures 8,856 9,827 Share of Surplus of Associates 1,772 1,204 Gain on Disposal of Asset Held for Sale 282,325 - Surplus for the Year 683,953 1,401,610 Other Comprehensive (Loss) / Income Items that may be recognised in the Consolidated Statement of Comprehensive Income Exchange Differences (5,794) 3,439 Share of Other Comprehensive (Loss) / Income of a Joint Venture (187) 1,215 Changes in Fair Value of an Available-for-Sale Financial Asset - (2,103) Items that will not be recognised subsequently in the Consolidated Statement of Comprehensive Income Re-measurement of Defined Benefit Retirement Scheme Assets (1,216) 4,339 (7,197) 6,890 Total Comprehensive Income for the Year 676,756 1,408,500 Attributable to: UGC Funds 10,026 409,788 Restricted Funds (207,226) 33,352 Other Funds 873,956 965,360 676,756 1,408,500 (Expressed in thousands of Hong Kong dollars) 2019 2018 Assets Non-Current Assets Property, Plant and Equipment 8,356,580 8,497,315 Intangible Assets 2,136 10,786 Interests in Associates 6,661 4,889 Interests in Joint Ventures 247,462 238,793 Available-for-Sale Financial Assets - 57,226 Held-to-Maturity Investments - 1,722,070 Financial Investments at Amortised Cost 1,698,477 - Financial Assets at Fair Value through Profit or Loss 11,477,921 11,288,688 Loans Receivable 3,695 4,540 Accounts Receivable, Prepayments and Deposits 1,048,129 628,120 Defined Benefit Retirement Scheme Assets 11,463 13,013 Bank Deposits with Original Maturity over Three Months 100,000 - 22,952,524 22,465,440 Current Assets Assets Classified as Held for Sale 1,512 39,756 Held-to-Maturity Investments - 187,193 Financial Investments at Amortised Cost 541,704 - Financial Assets at Fair Value through Profit or Loss 309,724 304,094 Loans Receivable 150,116 152,897 Inventories 4,394 5,760 Accounts Receivable, Prepayments and Deposits 906,264 875,816 Amount Due from a Joint Venture 1,871 2,396 Bank Deposits with Original Maturity over Three Months 9,517,464 6,272,579 Cash and Cash Equivalents 1,181,763 2,760,086 12,614,812 10,600,577 Total Assets 35,567,336 33,066,017 Funds UGC Funds 1,624,231 2,374,892 Restricted Funds 9,096,529 8,669,323 Other Funds 15,373,615 14,373,404 Total Funds 26,094,375 25,417,619 Liabilities Non-Current Liabilities Accounts Payable and Accruals 7,464 4,902 Employee Benefit Accruals 61,029 79,867 Loans and Borrowings 95,008 111,484 Deferred Capital Funds 2,988,545 3,032,627 3,152,046 3,228,880 Current Liabilities Accounts Payable and Accruals 2,935,002 2,756,743 Amount Due to a Joint Venture 2,080 2,185 Employee Benefit Accruals 807,461 710,700 Loans and Borrowings 105,516 207,496 Deferred Income 2,470,856 742,394 6,320,915 4,419,518 Total Liabilities 9,472,961 7,648,398 Total Funds and Liabilities 35,567,336 33,066,017 Net Current Assets 6,293,897 6,181,059 Total Assets Less Current Liabilities 29,246,421 28,646,499 The University of Hong Kong Consolidated Statement of Comprehensive Income For the year ended June 30, 2019 The University of Hong Kong Consolidated Statement of Financial Position As at June 30, 2019 4 6 4 7 An Extract from the University’s Annual Accounts 2018–19 The Review 2019

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