(Expressed in thousands of Hong Kong dollars) 2020 2019 Revenue Government Subventions 6,103,359 5,304,526 Tuition, Programmes and Other Fees 3,280,160 3,116,399 Donations and Benefactions 1,232,274 442,324 Auxiliary Services 394,497 423,033 Interest and Investment Gain 533,223 520,235 Other Income 970,626 863,818 12,514,139 10,670,335 Expenditure Teaching, Learning and Research Teaching and Research 7,141,147 6,635,832 Library 26 7,883 259,753 Central Computing Facilities 21 5,357 227,261 Other Academic Services 431,787 381,013 Institutional Support Management and General 581,370 585,219 Premises and Related Expenses 1,591,150 1,282,797 Student and General Education Services 587,901 574,103 Other Activities 275,137 333,357 11,091,732 10,279,335 Surplus for the Year before Share of Joint Ventures and Associates 1,422,407 391,000 Share of Surplus of Joint Ventures 12,462 8,856 Share of (Deficit) / Surplus of Associates (575) 1,772 Gain on Disposal of Asset Held for Sale - 282,325 Surplus for the Year 1,434,294 683,953 Other Comprehensive (Loss) / Income Items that may be recognised in the Consolidated Statement of Comprehensive Income Exchange Differences (5,402) (5,794) Share of Other Comprehensive Loss of a Joint Venture (1,907) (187) Items that will not be recognised subsequently in the Consolidated Statement of Comprehensive Income Re-measurement of Defined Benefit Retirement Scheme Assets 640 (1,216) (6,669) (7,197) Total Comprehensive Income for the Year 1,427,625 676,756 Attributable to: UGC Funds 231,618 10,026 Restricted Funds (154,299) (207,226) Other Funds 1,350,306 873,956 1,427,625 676,756 (Expressed in thousands of Hong Kong dollars) 2020 2019 Assets Non-Current Assets Property, Plant and Equipment 7,868,885 8,356,580 Right-of-Use Assets 1,557,010 - Intangible Assets 8,097 2,136 Interests in Associates 6,086 6,661 Interests in Joint Ventures 258,017 247,462 Financial Investments at Amortised Cost 1,584,582 1,698,477 Financial Assets at Fair Value through Profit or Loss 14,125,407 11,477,921 Loans Receivable 3,875 3,695 Accounts Receivable, Prepayments and Deposits 771,369 1,048,129 Defined Benefit Retirement Scheme Assets 11,841 11,463 Bank Deposits with Original Maturity over Three Months - 100,000 26,195,169 22,952,524 Current Assets Assets Classified as Held for Sale - 1,512 Financial Investments at Amortised Cost 510,097 541,704 Financial Assets at Fair Value through Profit or Loss 410,128 309,724 Loans Receivable 130,851 150,116 Inventories 3,383 4,394 Accounts Receivable, Prepayments and Deposits 1,157,237 906,264 Amount Due from a Joint Venture 19,242 1,871 Bank Deposits with Original Maturity over Three Months 7,590,758 9,517,464 Cash and Cash Equivalents 1,941,264 1,181,763 11,762,960 12,614,812 Total Assets 37,958,129 35,567,336 Funds UGC Funds 2,171,637 1,624,231 Restricted Funds 9,300,563 9,096,529 Other Funds 16,049,800 15,373,615 Total Funds 27,522,000 26,094,375 Liabilities Non-Current Liabilities Accounts Payable and Accruals 42,353 7,464 Employee Benefit Accruals 46,067 61,029 Loans and Borrowings 95,008 95,008 Lease Liabilities 169,475 - Deferred Capital Funds 3,104,320 2,988,545 3,457,223 3,152,046 Current Liabilities Accounts Payable and Accruals 3,122,117 2,935,002 Amount Due to a Joint Venture 2,047 2,080 Employee Benefit Accruals 819,686 807,461 Loans and Borrowings 77,550 105,516 Lease Liabilities 86,989 - Deferred Income 2,870,517 2,470,856 6,978,906 6,320,915 Total Liabilities 10,436,129 9,472,961 Total Funds and Liabilities 37,958,129 35,567,336 Net Current Assets 4,784,054 6,293,897 Total Assets Less Current Liabilities 30,979,223 29,246,421 For the year ended June 30, 2020 As at June 30, 2020 The University of Hong Kong Consolidated Statement of Comprehensive Income The University of Hong Kong Consolidated Statement of Financial Position THE REVIEW2020 AN EXTRACT FROM THE UNIVERSITY’S ANNUAL ACCOUNTS 2019–20 46 | 47
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