Financial Statements for the Year Ended 30 June 2002

Abstract

[evdate 2002-06-30] THE HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2002 CONTENTS 1 Treasurer's Report 4 Auditors' Report 6 Balance Sheet 7 Income and Expenditure Statement 8 Cash Flow Statement Notes to the Financial Statements 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Basis of Accounting Significant Accounting Policies Property and Equipment I4 Buildings 15 Construction-in-progress 16 Investments 17 Current Assets I7 Current Liabilities 18 Long-term Liabilities 18 Building Fund 19 Capital Fund 19 General Funds 20 Specific Funds 14. 15. 16. 17. 18. 19.-24. 25. 26. Reserves and Provisions UGC Triennium Equalization Account UGC Recurrent Grant Fee Income 22 23 24 24 Specific Income and Expenditure 25 General Expenditure Administration Academic 26 Maintenance of Premises 29 General Education 30 Student Facilities and Amenities 30 Miscellaneous 3 1 Reconciliation of Funding Surplus to Net Cash Inflow from University Operations 32 Capital Commitments 33 Information on University's Subsidiaries and Jointly Controlled Entities

TREASURER'S REPORT The year 2001/02 was the first year of triennium 2001-04. It is also the beginning of the second triennium where the Government-mandated 10% unit-cost reduction continues. The University successfully contained its general expenditure within a reduced level of general income and retained a surplus of $17 million. The surplus will be transferred to the University Grants Committee (UGC) Triennium Equalization Account for utilization in the remaining years of the current triennium. General Income and Expenditure General income was $1,712 million (2000/01: $1,770 million). The fall in income was partly attributable to the full effect of the 10% point-to-point funding cut and partly due to a drop of bank interest income resulting from downward movements of interest rate during the year. Total income received from the UGC amounted to $1,406 million (2000/01: $1,430 million), the largest part being the block grant ($1,335 million). The remainder of general income included $306 million arising from tuition fees, interest and investment income, and other items. General expenditure was $1,695 million (2000/01: $1,763 million). Excluding the one-off lump sum payment of $32 million for voluntary redundancy in 2000/01, the general expenditure was reduced by $36 million in 2001/02. The decrease was mainly attributable to a lower loan repayment amount for the senior staff quarters because of reduced interest rate. Of the total expenditure, $1,200 million or 70.8% was for Academic Departments and Academic Support Centers, $247, million or 14.6% for Maintenance of Premises, $138 million or 8.1% for Administration, and $110 million or 6.5% for other items. Earmarked Grants The University received from the UGC a total of $280 million (2000/01: $265 million) of earmarked grants. Of this, $128 million was earmarked for research activities, $130 million was earmarked for staff housing benefits, and the remaining $22 million was for other earmarked activities including language enhancement. Capital Grants 93,000,000 total of $93 million (2000/01: $37 million) was (2000/01 37,000,000 received from the UGC in the form of capital grants. These grants were for the acquisition of basic teaching and specialist equipment and facilities, the construction of a new Student Hostel for 527 places and the acquisition of general furniture and equipment. HKUST Foundation After having celebrated the tenth anniversary, the university enters its second decade gradually widening its network through its alumni as well as gaining support in the local community through its remarkable achievements. The University saw a need to strengthen its fund-raising capability and established the "HKUST Foundation" fund in April 2002. Donations, Designated Funds and Other Operating Funds After having accounted for investment losses arising from the downturn of the investment market, income 89,000,000(2000/01 101,000,000 n) 0 from donations and designated funds amounted to $89 million (2000/01: $101 million); and other operating income generated from self-financing activities and

219,000,000 research contracts showed a total of $210 million (2000/01: $219 million). As at 30 June 2002, the total fund balance of donations, 577,000,000 (2000-01 designated funds and other operating funds stood at $577 million (2000/01: $532 million).

Building Projects The construction of a new student hostel for 527 places is underway. The University is very thankful to the Hong Kong Jockey Club Charities Trust who has pledged a contribution of some $19 million towards the construction cost. Reserves As at 30 June 2002, the reserves and provisions stood at $777 million (2000/01: $809 million), of which $630 million (2000/01: $617 million) formed the General and Development Reserves. 2Outlook With the UGC's issuance of the "Sutherland" report in R March on the local higher education sector; and with the implementation of a "Ministerial" system by Government in July, the University sees itself entering into an era of unprecedented Government-led changes. These a changes could be fundamental, have far-reaching and So controversial effect as well as completely redefining the local higher education landscape. The University will continue to strategically steer through this uncharted territory embracing its mission and vision in teaching, research and assisting Hong Kong's economic and social development. SIGNED Tim T.L. LUI Treasurer of the University, 8 November 2002 3Auditor's Report Deloitte Touche Tohmatsu Certified Public Accountants 26/F, Wing On Centre 111 Connaught Road Central Hong Kong Deloitte Tel : (852) 2852 1600 Fax:(852)2541 1911 mail@,deloitte.com.hk www.deloitte.com.hk To: The Council of The Hong Kong University of Science and Technology We have audited the financial statements on pages 6 to 32 which have been prepared in accordance with accounting policies generally adopted by higher educational institutions in Hong Kong as described in note 2 to the financial statements. Respective Responsibilities of the Council and Auditors The Council are responsible for the preparation of financial statements which give a true and fair view. In preparing financial statements which give a true and fair view, it is fundamental that appropriate accounting policies are selected and applied consistently. We are engaged to form an independent opinion, based on our audit, on those statements and to report our opinion to you. Basis of Opinion We conducted our audit in accordance with Statements of Auditing Standards issued by the Hong Kong Society of Accountants. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgments made by the Council in the preparation of the financial statements, and of whether the accounting policies are appropriate to the University's circumstances, consistently applied and adequately disclosed.

We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance as to whether the financial statements are free from material misstatements. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements. We believe that our audit provides a reasonable basis for our opinion. Opinion In our opinion, the financial statements have been prepared in accordance with the accounting policies generally adopted by higher educational institutions in Hong Kong, and on that basis give a true and fair view of the state of affairs of The Hong Kong University of Science and Technology as at 30 June 2002 and of its excess of income over expenditure and cash flows for the year then ended. SIGNED Deloitte Touche Tohmatsu Certified Public Accountants HONG KONG 8 November 2002 5BALANCE SHEET AS AT 30 JUNE 2002 Property and Equipment Investments Current Assets Less : Current Liabilities Net Current Assets 2001 $'ooo 3,568,642 3,573,321 6 611,692 645,204 781,036,384 1 300,509 1,025,176 365,290 EBB@ Long-term Liabilities TOTAL NET ASSETS Building Fund Capital Fund General Funds Specific Funds Reserves and Provisions UGC Triennium Equalization Account TOTAL FUNDS Approved by the Council on 8 November 2002 SIGNED SIGNED SIGNED Tim T.L. LUI Paul C.W. CHU Philip S.P. WONG Treasurer of the University President Director of Finance 735,875 659,886 4,9 16,209 4,878,411 (177,000) (192,500) 4,739,209 4,685,911 10 11 12 13 14 15 3,046,917 3,072,598 167,646 I 18,764 104,304 111,013 626,75 1 574,927 776,545 808,609 17,046 0 The accompanying notes are an integral part of the financial statements. 4,739,209 4,685,911 6GENERAL INCOME INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 30 JUNE 2002 UGC Recurrent Grant Fee Income Interest and Investment Income Miscellaneous Income SPECIFIC INCOME TOTAL INCOME GENERAL EXPENDITURE Administration Academic Maintenance of Premises General Education Student Facilities and Amenities Miscellaneous Less : Overhead Recovered SPECIFIC EXPENDITURE TOTAL EXPENDITURE EXCESS OF TOTAL INCOME OVER TOTAL EXPENDITURE Transferred to Reserves / Provisions Transferred to General Funds Transferred to Specific Funds SURPLUS / (DEFICIT) TRANSFERRED TO THE UGC TRIENNIUM EQUALIZATION ACCOUNT The accompanying notes are an integral part of the financial statements. 2002 2001 Note G 18 1,711,849 670,666 I 621,501 2,382,5 I5 2,391,659 19 138,023 139,883 20 1,200,303 1,193,198 21 247,332 268,504 22 2,811 2,198 23 37,464 37,349 24 71,876 124,035 1,697,809 1,765,167 2,321 1,688 18 1,695,488 1,763,479 612,688 601,982 2,308,176 2,365,461 74,339 26,198 (12,024) (246,645) (3,794) (12,356) (41,475) (2,166) 17,046 (234,969)

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2002 NET CASH INFLOW FROM UNIVERSITY OPERATIONS 2001 25 169,911 191,342 CAPITAL INFLOW Designated Endowments Income Received for Construction Projects lSO RETURNS ON INVESTMENTS AND SERVICING OF FINANCE Interest Income Investment Loss NET CASH (OUTFLOW) / INFLOW FROM RETURNS ON INVESTMENTS AND SERVICING OF FINANCE INVESTING ACTIVITIES Decrease / (Increase) in Bank Deposits Maturing after Three Months Payments to Acquire Property and Equipment Receipts from Sales of Equipment Investment in a Wholly-owned Subsidiary Investment in a Jointly Controlled Entity Redemption of Certificates of Deposit Decrease in Funds with Investment Managers NET CASH INFLOW / (OUTFLOW) FROM INVESTING ACTIVITIES NET CASH INFLOW / (OUTFLOW) BEFORE FINANCING (12,616) 27,068 177,998 (173,093) 327 (4,716) 5,010 33,218 (214,700; (105,849: 89 (1,000: 18,761 38,744 (302,699) 200,155 (73,139)

CASH FLOW STATEMENT (Cont'd) FOR THE YEAR ENDED 30 JUNE 2002 2002 2001 Note ooo %'ooo FINANCING New Bank Loans Raised Repayment of Bank Loans NET CASH (OUTFLOW) / INFLOW FROM FINANCING INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS BROUGHT FORWARD CASH AND CASH EQUIVALENTS CARRIED FORWARD ANALYSIS OF THE BALANCES OF CASH AND CASH EQUIVALENTS Bank Deposits Maturing within Three Months Other Bank and Cash Balances The accompanying notes are an integral part of the financial statements. 186,655 (60,139) 959,522 75 1,394 (9,658) 11,815 949,864 763,209 2002 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2002 1. BASIS OF ACCOUNTING The University has adopted fund accounting under which funds are classified according to their nature or specified objectives to ensure observance, where appropriate, of guidelines and restrictions placed on the use of available resources. All financial transactions are accrued in separate fund accounts according to such classifications. The University has separately constituted a HKUST Educational Trust for the promotion and development of education and learning through teaching and research by the University, and independent Deeds of Trust for the University's two superannuation schemes. Their accounts are prepared and audited separately and are not included in these financial statements. 2. 2.1 2.2 SIGNIFICANT ACCOUNTING POLICIES Subsidiary Companies The investments in subsidiary companies are stated at cost, as reduced by any impairment loss that is other than temporary. No consolidated financial statements are prepared in view of their dissimilar activities and immateriality of the amounts involved. Jointly Controlled Entities A joint venture is a contractual arrangement whereby the University and other parties undertake an economic activity which is subject to joint control and over which none of the participating parties has unilateral control. Joint venture arrangements which involve the establishment of a separate entity in which each venturer has an interest are referred to as jointly controlled entities. The University's investments in jointly controlled entities are stated at cost, as reduced by any decline in the value of the jointly controlled entity that is other than temporary. 10 2.3 2.4 2.6 2.7 2.8 2.9 UGC Grants UGC Grants consist mainly of block grants, earmarked grants, reserved supplementary grants for salary revisions, and capital grants. All UGC Grants are accounted for on an accrual basis. Fees Income Fees income including tuition fees are recognized on an accrual basis. Unearned tuition fees are treated as income received in advance. Interest and Investment Income Interest and dividends received / receivable are dealt with in the Income and Expenditure Statement. Income from fixed interest investments and deposits is accounted for on an accrual basis. Dividend income is accounted for when declared. Donations, Donated Services and In-kind Contributions Donations are accounted for on a cash basis. The value of donated services and in-kind contributions is not recorded in the financial statements except in cases where their monetary benefits are material and can be reasonably assessed. Expenditure Approved expenditure items include purchase orders placed with suppliers for goods or services not yet received at the balance sheet date. Library Books and Periodicals Library books and periodicals are written off against the related funds on acquisition. Buildings and Construction-in-progress Construction-in-progress is first charged against the respective fund accounts, and then capitalised at cost against the Building Fund. Upon completion, the buildings are depreciated on a straight-line basis over their estimated useful lives at 2% per annum. The campus site located in Sai Kung of approximately 60 hectares was granted by the Government at a nominal rent for 58 years through 30 June 2047. The land grant, in the nature of an operating lease, is not recorded in the financial statements. 11 2.10 Equipment The costs of equipment are first charged against the respective fund accounts in the year of expenditure and then capitalised against the Capital Fund on a payment basis. These items are depreciated on .a straight-line basis over their estimated useful lives at the following rates: Motor vehicles 25% per annum Computing, audio / visual, maintenance, teaching and sports equipment 25% per annum Furniture and other equipment 20% per annum Equipment include those items conferred by the HKUST Educational Trust. 2.11 Investments Investments which are held for the long-term are measured at cost, as reduced by any impairment loss that is other than temporary. Other investments are measured at fair value, with unrealised gains and losses included in the income and expenditure statement for the period. 2.12 stocks Stocks held for resale in respect of self-financing operations are valued at the lower of cost and net realisable value. Cost is calculated using the average cost method. Net realisable value is calculated with reference to the actual or estimated selling price less the related cost of marketing, selling and distribution. Other stocks are written off against the related funds on acquisition. 2.13 Taxation The University is exempted from payment of tax by virtue of Section 88 of the Inland Revenue Ordinance. 2.14 Cash Equivalents Cash equivalents are defined as short-term, highly liquid investments which are readily convertible into known amounts of cash and which were within three months of maturity when acquired, less advances from banks repayable within three months from the date of the advance. 12 PROPERTY AND EQUIPMENT Equipment Buildings $'ooo $'ooo (Note 4) (Note 5) COST As at 30 June 2001 Additions Transfers from Construction-in-progress Transfers to Buildings Disposals / Written Off As at 30 June 2002 DEPRECIATION As at 30 June 2001 Charged for the Year Disposals / Written Off As at 30 June 2002 NET BOOK VALUE As at 30 June 2002

As at 30 June 2001 4,139,908 9,894 4,847 1,200,783 303,744 5,659,176 17,329 12,401 2,079 136,112 5,817 173,738 4,955 4,955 4,955 4,955 (52,041 1 1 (7,461 (60,509 4,162,192 695,245 83,29 1 Construction-in-progress Motor Vehicles $'ooo 5,919 4,739 618 Computing, Audio/I Visual, Maintenance, Teaching and Sports and Other Equipment Total %'ooo $'ooo %'ooo 1,284,854 302.100 5,772,405 1,092,635 293,236 2,085,855 88,379 5,620 177,908 (51,557: (7,436 (60,000 778,536 0 4,350 I ,129,457 29 1,420 2,203,763 3,383,656 17,340 1,569 155,397 10,680 3,568,642 3,444,663 9,894 108 108,148 10,508 3,573,321 BUILDINGS COST As at 30 June 2001 Additions Transfers from Construction-in-progress As at 30 June 2002 DEPRECIATION As at 30 June 2001 Charged for the Year As at 30 June 2002 NET BOOK VALUE As at 30 June 2002 As at 30 June 2001 Note : Academic Complex $'ooo Senior Staff Quarters Phases IIA IIB and $'ooo (Note) Graduate Residence and University Center %'ooo (Note) 3,483,882 426,043 17,329 4,955 3,506,166 426,043 229,983 4,162,192 624,826 47,483 22,936 70,170 8,521 4,600 694,996 56,004 27,536 778,536 4,139,908 17,329 4.955 695,245 83,291 2,811,170 370,039 202,447 3,383,656 2,859,056 378,560 207,047 3,444,663 The construction of the Senior Staff Quarters(SSQs) and the Graduate Residence together together with a University Center (GRUC) were financed by bank loans.

The bank loan for the SSQs was subsequently refinanced with internal University funds. Monthly payments are being drawn from the

Recurrent Grant for repayment. As at 30 June 2002, the outstanding internal loan balance was HK$165 million.

Details of the bank loan for the GRUC was set out in note 9. 14 CONSTRUCTION-IN-PROGRESS Additional Student Residences Alterations, Additions & Improvements Works to the Academic Complex COST As at 30 June 2001 Additions Transfers to Buildings As at 30 June 2002 Student Academic Residences Complex $'ooo $'ooo 3,759 1,904 (3,459: 11,950 2,204 3,186 Others $'ooo 15

INVESTMENTS

Funds with Investment Managers at Cost (Note a) Listed Investments Unlisted Investments, Bonds and Cash / Bank Deposits Investment in Jointly Controlled Entity at Cost PKU-HKUST Shenzhen-Hong Kong Institution RMB 10,000.000 Investments in Wholly-owned Subsidiaries at Cost HKUST College of Lifelong Learning Limited HKUST Properties Limited 2 shares of HK$ each 2 shares of HK$ each 10,000,002 shares of HK$ 1 each 10,000 10,000 Other Investments at Cost Certificates of Deposit / Floating Rate Notes Joint Universities Computer Centre Limited 1 share of HK$500 Notes : 2002 %'ooo 2001 %'ooo 223,555 246,305 339,896 350,364 9,430 4,714 611,692 645,204 The market value of funds with investment managers as at 30 June 2002 was HK$S45.443 million (2001 : HK$547.74 million)

Particulars of the University's Subsidiaries and Jointly Controlled Entities are set out in page 33.

The net profits /(loss) of the subsidiaries not consolidated but attributable to the University were:

Previous Years 2002 Since Acquisition $'ooo s'ooo Dealt with in the Financial Statements of the University Not dealt with in the Financial Statements of the University 2,957) 5,594 16 CURRENT ASSETS Stocks Prepayments and Deposits Accounts Receivable Bank and Cash Balances Bank Deposits Maturing within Three Months Maturing after Three Months Other Bank and Cash Balances (Note) Total 2002 2001 'ooo 502 527 10,955 27,061 25,095 10,345 997,866 989,209 1,036,384 1,025,176 Note : Other bank and cash balances included chegues issued but not yet presented for payment. There was no physical overdraft at 30 June 2002.

CURRENT LIABILITIES Accounts Payable and Accruals Bank Loans (Due Within One Year) Gratuities (Due Within One Year) Other Accounts Payable and Accruals UGC Holding Account 295,693 377,667 4,816 (12,377) Total 300,509 365,290 17 LONG-TERM LIABILITIES Balance as at 1 July Loans Raised during the Year Repayment during the Year Amounts Repayable within One Year Transferred to Current Liabilities Balance as at 30 June 2002 $'ooo 2001 %'ooo 193,000 215,000 (202,000 192,500 (15,500) 206,000 (13,500) 177,000 192,500 %'ooo 3,072,598 The bank loan was for the construction of the Graduate Residence together with a University Center. The final repayment date

Of the bank loan is 31 July 2010. 10. BUILDING FUND Balance as at 30 June 2001 Additions / Depreciation Written Off Additions Depreciation Written Off 57,610 (83,291) Balance as at 30 June 2002 3,046,917 18 11. CAPITAL FUND Balance as at 30 June 2001 Additions / Depreciation Written Off Additions Depreciation Written Off Balance as at 30 June 2002 (Note) $'ooo 18,764 83,499 (34,617) 167,646 Note :

The balance included HK$2,770,000 (2001 : HK$6,657,000) being net book value of equipment conferred by the HKUST Educational Trust.

12. GENERAL FUNDS General Donations University Development Fund Departmental Fund HKUST Foundation 2001 %'ooo Amount Transferred In / (Out] %'ooo Income %'ooo (IWS) (Note) 2,000 Expenditure $'ooo 2002 %'ooo 30,603 (10,000) 20 22,583 72,658 (3,643) (237) 466 68,312 7,752 3,171 (31) 3,062 1,577 012,408 0 1,032 1,001 Ref- TOTAL 111,013 (10,503) 5,857 2,063 104,304 ms: Note : The negative income was attributable to investment losses. 19 13. SPECIFIC FUNDS Earmarked Grants Alterations, Additions & Improvements Block Allocation Research Grants Language Enhancement Grant Teaching Development Grants Home Financing Scheme Housing-related Expenses other than Home Financing Scheme Areas of Excellence interface between Tertiary and School Sectors Redevelopment of Joint Institution Job Information System Funding Support for a Feasibility Study on Common Reporting Format of Graduates' Language Proficiency Interface Projects 2000 Capital Grants Basic Teaching Equipment - Phase I Basic Teaching Equipment - Phase II Dangerous Goods Stores Fitting Out and Environmental Control of Engineering Laboratories Furniture and General Equipment Microfabrication Center Specialist Equipment and Facilities, Student Hostel (527 places) Others Amount Transferred 1,588 0 163,245 0 0 0 3,972 0 (2,091) 0 2,139 0 7,97 1 0 (486) 0 470 0 81 0 0 0 Income Expenditure The unspent balances and shortfalls as 30 June 2002 have been carried forward to the following financial year. The shortfalls are to be offset against funding to be released by the UGC to the University in the next financial year.

$'ooo %'ooo %'ooo 6,955 10,030 ( 1,487) 103,07 1 103,860 162,456 9,000 8,514 486 0 2,550 1,422 127,713 125,254 368 2,213 3,916 436 25,259 16,891 16,339 507 21 0 0 247 223 0 34 4,826 47 1,705 3,121 176,889 0 279,544 273,035 183,398 25,328 (29,495) 350 184 (446) 2,013 (20,637) 0236 (833 1) 000113 32,500 00545 057,000 2,600 016,910 0 3,005 0 0 350 184 0 99 0 1,677 336 64,277 (27,914) 4,311 (I,71 1) 227 9 (22,467) (8,531) 92,758 90,690 (28,930) 13. SPECIFIC FUNDS (Cont'd) Designated Research Funds, Donations and Endowment Recurrent Accounts Designated Research Funds Designated Donations Scholarships and Bursary Funds Designated Endowment Recurrent Accounts Capital Projects Amount Transferred 2001 Income Expenditure 2002 %'ooo : %'ooo $'ooo %'ooo (Note) 106,327 10,296 69,555 67,374 24,268 (162) 1,875 5,092 I0,51 1 (637) 14,744 13,634 11,198 10 (763) 1,434 28,433 8,607 194 13,152 118,804 20,889 10,984 9,011 24,082 180,737 18,114 85,605 100,686 183,770 Other Operating Funds 197,353 (12,123) 206,902 146,214 245,918 Designated Endowment Capital Accounts 42,415 (10) 190 0 42,595 574,927 (2,550) 664,999 610,625 626,75 1 TOTAL Note : The negative income was attributable to investment losses. 21 14. RESERVES AND PROVISIONS General and Development Reserve Student Residential Halls General Furniture and Equipment Major Redecoration Exchange Equalization Provisions for Research Projects and Others Provisions for Staff-related Expenses TOTAL Amount Transferred from / (to) Amount General / 2001 Expended SDecific Funds 2002 %'ooo %'ooo $'ooo %'ooo 616,571 0 13,009 629,580 23,41 I 11,207 12,539 1,890 25,301 1,746 12,953 542 13,081 47,157 2,000 36,002 106,879 000130,414 4,178 0(1,630) 34,372 82,793 59,258 51,335 2,000 808,609 130,414 98,350 mm (Note) 776,545

Note : The total amount of HK$98,350,000 transferred from general / specific funds included HK$82,193,000 from general expenditure,

HK$12,024,000 from excess of income over expenditure, and HK$4,133,000 from over-provision of outstanding commitments.

22 15. UGC TRIENNIUM EQUALIZATION ACCOUNT Balance as at 30 June 2001 Recurrent Account, 2001/02 %'ooo 017,046 Balance as at 30 June 2002 17,046 Under the block grant arrangement, the difference between funds released by the UGC plus other general income and the

actual amount spent / transferred by the University is dealt with through the UGC Triennium Equalization Account. The

balance as at 30 June 2002, representing the cumulative excess of the General Income over actual spending / transfers, is to be

carried forward for use in the remaining years of the triennium. Any surplus on this account at the end of the triennium will

normally be transferred to the UGC Holding Account and refunded to the UGC 23 16.UGC RECURRENT GRANT Block Grant UGC Recurrent / Supplementary Grant Reserved Supplementary Grants for Salary Revisions Rates and Government Rent 17. FEE INCOME Tuition Fees Graduation Fees Application Fees 2002 %'ooo 2001 %'ooo 1,334,995 1,321,778 49,745 86,898 21,553 21,659 1,406,293 1,430,335 2002 2001 %'ooo ooo 288,697 292,139 771 749 1,339 945 290,807 293,833 24 18. SPECIFIC INCOME AND EXPENDITURE INCOME Earmarked Grants Capital Grants Donations, Designated Research Funds and Designated Endowment Income (Note) Other Operating Income EXPENDITURE Expenditure met from Earmarked Grants Expenditure met from Capital Grants Expenditure funded by Donations, Designated Research Funds and Designated Endowment Income Other Operating Expenditure SURPLUS FOR THE YEAR TRANSFERRED TO RESERVES / PROVISIONS TRANSFERRED TO GENERAL FUNDS TRANSFERRED TO SPECIFIC FUNDS 2001 %'ooo 279,544 92,758 88,637 209,727 670,666 273,035 90,690 100,706 148.257 612,688 57,978 (12,709) (3,794) (41,475)

Note : Donations included HK$4.763,343 (2001 : HK%401,788) from The Hong Kong Jockey Club Charities Trust.

25 264,730 37,584 100,753 218,434 621,501 253,782 78,163 124,936 145,101 60 1,982 19,519 (4.997) (12,356) (2,166) GENERAL EXPENDITURE - ADMINISTRATION Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Senior Staff

Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Support Staff

Audit and Legal Fees Consultancies Duty Visits and Staff Development Financial Charges Furniture and Equipment General Advertisements General Office Expenses Official Publications Vehicle Running Expenses Workshops and Seminars 20. GENERAL EXPENDITURE - ACADEMIC Academic Departments Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Senior Staff

Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Support Staff

Consultancies Duty Visits and Staff Development Furniture and Equipment General Office I Laboratory Expenses Postgraduate Studentships Research Grants Workshops and Seminars 2002 2001 %'ooo %'ooo 46,735 46,254 82,209 85,971 1,036 826 1,670 1,197 944 771 196 106 744 871 127 169 1,648 1,601 1,241 1,084 992 481 1,033 138,023 139,883 2002 s'ooo 551,831 533,991 113,561 130,903 414 687 3,205 5,518 4,240 5,085 31,873 35,177 105,509 96,723 26,836 26,104 580 75c 838,049 834,938 2001 s'ooo 26 20. GENERAL EXPENDITURE - ACADEMIC (Cont'd) Library Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Senior Staff

Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Support Staff

Book Binding Duty Visits and Staff Development Furniture and Equipment General Office Expenses Library Books and Periodicals Library On-line Search Workshops and Seminars 2002 ooo 2001 %'ooo 21,231 21,265 24,980 25,364 840 835 120 760 536 1,738 1,763 27,237 25,000 908 831 0I77,814 50 75,793 Information Systems / Technology Services Centers Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Senior Staff

30,638 27,974 Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Support Staff

16,168 16,561 Computer Software 837 1,087 Consultancies 1,366 2,399 Duty Visits and Staff Development 99 158 Furniture and Equipment 892 800 General Office / Laboratory Expenses 6,046 56,046 6,79 1 55,770 149 27 20. GENERAL EXPENDITURE - ACADEMIC (Cont'd) Academic Support Centers Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Senior Staff

Salaries and Gratuities J Superannuation / Mandatory Provident Fund - Support Staff

Consultancies Duty Visits and Staff Development Furniture, Fittings and Equipment General Office / Laboratory Expenses Industrial Training Expenses Workshops and Seminars 2001 %'ooo 111,495 84,929 1,950 1,460 7,701 14,820 5,420 619 109,483 83,653 2,243 1,889 6,656 15,400 5,930 1,443 228,394 226,697 1,200,303 1,193,198 28 21. 22. GENERAL EXPENDITURE - MAINTENANCE OF PREMISES Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Senior Staff

Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Support Staff

Cleaning Expenses Consultancies Duty Visits and Staff Development Furniture and Equipment General Office Expenses Insurance Premiums Minor Works Rates and Government Rent Repairs and Maintenance Security Expenses Staff Uniforms and Laundry Utility Charges GENERAL EXPENDITURE - GENERAL EDUCATION Academic Exchanges with China Admission Expenses Advisory Committees Meetings / Accreditation Center for the Arts Examinations International Programs Subscriptions to International Education Associations 2002 %'ooo 16,786 2001 %'ooo 16,634 100,462 104,130 8,384 8,490 382 340 454 500 7,612 7,746 1,338 1,446 1,251 1,021 6,406 7,108 21,553 21,659 23,942 39,98 1 5,446 5,575 225 257 53,091 53,617 247,332 268,504 2002 2001 %'ooo %'ooo 339 206 55 61 1,145 759 937 723 70 71 49 216 183 2,811 2,198 29

GENERAL EXPENDITURE - STUDENT FACILITIES AND AMENITIES Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Senior Staff

Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Support Staff

Duty Visits and Staff Development Furniture and Equipment General Office Expenses 14,751 16,469 97 924 407 2001 $'ooo 12,852 17,950 128 605 480 Grants to Student Bodies / Student Activities Honorarium for Hall Wardens Physical Education Facilities Student Health Others 346 347 242 239 3,085 3,679 125 108

GENERAL EXPENDITURE -Miscellaneous Alumni Relations Congregation Expenses Court / Council Meetings Education Allowances Housing Benefits Insurance Premiums Medical and Dental Benefits Official Entertainment Passages Publicity Expenses Recruitment Expenses Removal Expenses Voluntary Redundancy Payment Miscellaneous 37,464 37,349 MISCELLANEOUS $'ooo 617 2001 ts'ooo 538 743 755 64 63 13,837 12,925 13,041 33,602 4,311 1,710 22,357 24,088 504 483 10,394 lo,28 1 2,655 3,025 2,043 2,530 766 544 32,3 I 1 725 71,876 124,035 30

RECONCILIATION OF FUNDING SURPLUS TO NET CASH INFLOW FROM UNIVERSITY OPERATIONS 2002 $'ooo 74,339 2001 %'ooo 26,198 FUNDING SURPLUS ADJUSTMENTS (4,216 Income for Construction Projects 173,093 105,849 Acquisition of Property and Equipment Disposal of Equipment Interest Income Investment Loss 33,218 18,761 Interest Expense on Bank / Internal-Loan-Funded-Buildings Amount Capitalised against Building Fund 11,258 26,448 27,880 34,680 209,835 108,273 TOTAL ADJUSTMENTS 284,174 NET FUNDING SURPLUS (610) (5,930) INCREASE IN PREPAYMENTS AND DEPOSITS INCREASE IN ACCOUNTS RECEIVABLE INCREASE / (DECREASE) IN THE UGC HOLDING ACCOUNT (3,467) (4,5 18) 16,855 (6,363) (78,845) 75,381 (DECREASE) I INCREASE IN ACCOUNTS PAYABLE AND ACCRUALS (48,221) (2,091) DECREASE IN PROVISIONS FOR STAFF-RELATED EXPENSES (114,263) 56,87 1 NET CASH INFLOW FROM UNIVERSITY OPERATIONS 31 CAPITAL COMMITMENTS Capital Works Contracted for but Not Provided in the Financial Statements Capital Works and Purchase of Equipment Authorised but Not Contracted for University's Investments in Jointly Controlled Entity Contracted for but Not Provided in the Financial Statements

2002 2001 %'ooo %'ooo 96,393 17,132 0 9,814 0 4,600 96,393 3 1,546 32 INFORMATION ON UNIVERSITY'S SUBSIDIARIES AND JOINTLY CONTROLLED ENTITIES Subsidiaries HKUST College of Lifelong Learning Limited HKUST RandD Corporation Limited Information Technology Entrepreneurs Association Limited Nansha IT Park Foundation Limited (Note b) Nansha Technology Investments Limited (Note c) PKU-HKUST Shenzhen-Hong Kong Institution Percentape of issued shares / controlling interests held by the University Direct IWHW Indirect 100% 100% 100% (Note a) 33% (Note d) 33% (Note e) Principal Activities To develop, offer and conduct educational programs that are a supplement, an extension, and a bridge to the regular degree programs of HKUST Dormant To market and commercialize the University's intellectual property; to manage a venture capital fund; to assist the establishment and growth of technology-based start-up companies To promote and to provide entrepreneurial training in the area of Information Technology for young entrepreneurs in Hong Kong To plan, construct and manage the Nansha Information Technology Park To form Joint Ventures in Chinese Mainland for the planning, construction and management of the Nansha Information Technology Park To foster the development of high technologies in Shenzhen through the synergy of industry, government, and research universities; and to cultivate high-quality human resources Dormant Notes:

Information Technology Entrepreneurs Association Limited is a company limited by guarantee and not having a share capital. This organization has three members: The Chinese University of Hong Kong. The Hong Kong University of Science and Technology and The University of Hong Kong.

Nansha IT Park Foundation Limited is a company limited by guarantee and not having a share capital. The foundation has two members: HKUST RandD Corporation Limited and Fok Ying Tung Foundation Limited.

Nansha Technology Investments Limited is a wholly-owned subsidiary of the Nansha IT Park Foundation Limited.

The PKU-HKUST Shenzhen-Hong Kong Institution, a jointly controlled entity located in Shenzhen, is founded by the Shenzhen Municipal Government, Peking University and HKUST.

IES (Shenzhen) High-Tech Investment Co. Ltd is a wholly-owned subsidiary of the PKU-HKUST Shenzhen-Hong Kong Institution.

香港科技大學 截至2002年6月30日 財務報表

目錄 司庫報告 核數師報告書 資產負債表 收支報表 現金流動表 財務報表附註 會計基準 主要會計政策 樓宇及設備 樓宇 在建工程 投資 流動資產 流動負債 長期負債 樓宇基金 設備基金 一般基金 特定基金

c2 儲備及備付金 教資會撥款結算賬 教資會經常撥款 各項收費 特定收支 一般開支 行政 教學 校舍保養 一般教育 學生事務及福利設施 其他 資金盈餘與大學營運淨現金流入之對賬 資本承擔 大學之附屬公司及共同控制個體的資料

1司庫報告 2001／02年度為 2001 04 三年撥款期的第一年。 而2001-04是受政府縮減10 學生單位成本所影 響的第二個三年撥款期。大學把本年度之一般開 支控制在縮減後的一般收入之內，成功留存盈餘 1,770,000,000元。此盈餘將轉撥至大學教育資助委 員會〔教資會〕撥款結算賬留作三年撥款期餘下年 度使用。 一般收支 本年度一般收入為1,712，000，000元〔2000/01年 度為 1，770，000，000元〕。減幅部分來自 10 單位 成本的資金削減，部分由於今年利率下調而導致 銀行利息收入減少。本年度來自教資會的撥款共 1，406，000，000元〔2000／01年度為1，430,000,000 元〕，主要包括整筆撥款1，335，000，000元。其餘 之一般收入包括學費、利息與投資收入及其他雜 項共306，000，000元。 本年度一般開支為1，695，000，000元〔2000／01年 度為 l，763，000，000元〕扣除 2000／01年度用於 自願離職計劃的一筆過款項32，000，000元，本年 度的一般開支減低了36,000，000元。減幅主要是 因為高級教職員宿舍貸款的還款額因利率下調 而下降。一般開支包括：教學及輔助部門開支 1,200，000，000 元〔70 8 〕；校舍保養費用 247，000，000元〔14.6 〕；行政費用138，000，000元 〔8.l 〕及其他開支110，000，000元〔6 5 〕。 指定撥款 大學獲教資劊發出共280，000，000元的指定撥款 〔2000／01 年度為265，000；000 元〕。其中， 128，000，000元用作研究活動，130，000，000元為 教職員房屋福利撥款，剩餘的22,000，000元用作 語文培訓等的其他指定活動。

2建設撥款 教資會共撥予大學93,000,000元的建設撥款 〔2000／01年度為37，000，000元〕。該撥款主要用於 購置基本教學及專用用途之設備及設施、興建一 座可提供527宿位的學生宿舍、購置一般傢具及 設備等等。 香港科技大學基金 大學完成創校十週年慶典並邁入第二個十年。在 此期間，大學通過校友不斷擴閤社會網絡，並以 其驕人的成就贏取了本地社區的認同和支持。此 外，大學於2002年4月成立香港科技大學基金 以加强籌款能力。 捐款、指定基金及其他營運基金 在扣除因投資市場表現疲弱而導致投資虧損 後，本年度來自捐款及指定基金的收入共為 89，000，000元〔2000／01年度為 101，000，000元〕。 大學從自籌資金活動及研究合約所得的其他營 運收入為 21O，000，000 元〔2000／01 年度為 219，000，000元〕。 於2002年6月30日，捐款、指定基金及其他營 運基金的總結餘為 577，000，000元〔2000／01年度 為532，000，000元〕。 建築項目 大學正在興建一座可提供527個宿位的學生宿 舍。大學非常感謝香港賽馬會慈善信託基金承諾 捐贈 19，000，000元作為建築費用。 儲備 於2002年6月30日，儲備及備付金總額為 777，000，000 元〔2000／01 年度為 809，000，000 元〕。其中，630，000，000 元〔2000／01 年度為 617，000，000元〕為一般及發展儲備。

3展望 教資會在今年3月公佈了香港高等教育檢討報 告，政府亦在7月開始實行培長制'。在政府 的主導下，香港高等教育正面臨著一場根本而深 遠，具爭議性及空前徹底的改革。縱使前景不 明，大學仍會堅守其教學及研究之使命及理念， 協助推動香港經濟和社會發展，邁步向前，持續 發展。

己簽署 大學司庫 雷添良 2002年11月8日

4核數師報告書 德勤．關黃陳方會計師行 香港中環干諾道中111號 永安中心26樓 致：香港科技大學校董會 本核數師行已完成審核刊於第6頁至第 兕頁的財務報表，該等財務報表乃按照列 於財務報表附註2經香港高等教育機構一 般採納之會計政策編製。 校董會及核數師的個別責任 貴校董會須負責編製眞實與公平的財務 報表。在編製該等財務報表時，貴校董 會必須貫徹採用合適的會計政策。 本行的責任是根據本行審核工作的結 果，對該等財務報表表達獨立的意見，並 向 貴校董會作出報告。 意見的基礎 本行是按照香港會計師公會頒佈的核數 準則進行審核工作。審核範圍包括以抽查 方式查核與財務報表所載數額及披露事 項有關的憑證，亦包括評估 貴校董會於 編製該等財務報表時所作的重大估計和 判斷，所釐定的會計政策是否適合大學的 具體情況，及有否貫徹應用并足夠地披露 該等會計政策c

5本行在策劃和進行審核工作時，{????}H取得 一切本行認為必需的資料及解釋為目 標，使本行能獲得充份的憑證，就該等財 務報表是否存有重要錯誤陳述，作出合理 的確定。在表達意見時，本行亦已衡量該 等財務報表所載的資料在整體上是否足 夠。本行相信，本行的審核工作已為下列 意見建立了合理的基礎。 意見 本行認為上述的財務報表已按照香港高 等教育機構一般採納之會計政策編製，並 眞實與公平地反映香港科技大學於2002 年6月30日的財務狀況及截至該日止年 度的收入高於開支的盈餘和現金流動。

己簽署-- 德勤．關黃陳方會計師行 香港執業會計師 2002年11月8日

6 資產負債表 2002年6月30日 樓宇及設備 投資 流動資產 減：流動負債 流動資產淨値 長期負債 總資產淨値 樓宇基金 設備基金 一般基金 特定基金 儲備及備付金 教資會撥款結算賬 資金總額 校董會於2002年11月 8日核准本財務報表

雷添良 大學司庫 朱經武 校長 黃世邦 財務處處長

7 收支報表 截至2002年6月30日止年度 一般收入 教資會經常撥款 各項收費 利息及投資收入 其他收入 特定收入 收入總額 一般開支 行政 教學 校舍保養 一般教育 學生事務及福利設施 其他 減：收回之間接費用 特定開支 開支總額 收入總額高於開支總額 轉撥至儲備／備付金 轉撥至一般基金 轉撥至特定基金 轉用至教資會撥款結算賬之盈餘/虧絀〕

8 現金流動表 截至2002年6月30日止年度 大學營運淨現金流入 資本流入 指定留本基金 建設項目收入 投資回報及融資服務 利息收入 投資虧損 銀行貸款之利息支出 投資回報及融資服務浮現金〔流出川流入 投資活動 於三個月後到期之銀行存款減少／〔增加〕 購買樓宇及設備之款項 出售設備之收入 投資於全資附屬公司 投資於共同控制個體 贖回存款證 投資經理所管理資金之減少 投資活動淨現金流入／〔流出〕 融資前淨現金流入／〔流出〕

9 現金流動表〔續〕 截至2002年6月30日止年度 融資 新籌集之銀行貸款 償還銀行貸款 融資淨現金〔流出〕l流入 現金及等同現金之增加l〔減少〕 承前現金及等同現金 結轉現金及等同現金 現金及等同現金之結存分析 於三個月內到期之銀行存款 其他銀行及現金結餘

10 財務報表附註 2002年6月 30日 會計基準 大學資金按其性質或特定用途分類，以確 保遵守有關資源之使用指引及規限c所有 財務交易均按該等分類以應計基準入個別 之資金賬內。 大學設有旨在透過教學及研究以推動並發 展教育與學術之香港科大教育信託基金， 及兩個受託於獨立信託契約之公積金計 劃。其賬目已個別編製及審核，並無列入 本財務報表。 主要會計政策 大學之附屬公司 附屬公司的投資是以成本値減任何永久降 値後入賬。鑑於活動迥殊，加上附屬公司 所涉及之金額相對於大學財務報表的重要 性不大，故不作合併財務報表。 共同控制個體 合營企業為一項合約安排，根據安排，大 學與其他人士共同從事及控制某項經濟活 動，合營各方概無單方控制權。 共同控制個體為一種在合營企業安排下成 立的獨立個體，由各合營者分攤擁有其權 益。 大學在共同控制個體中的投資以成本値減 任何永久降値後入賬。

11 教資會撥款 教資會撥款主要包括整筆撥款、指定撥 款、薪酬調整增補撥款及建設撥款，所有 教資會撥款都以應計收入記賬。 各項收費 學費及其他收費以應計收入記賬，而所有 預繳學費{????}H預收款項列賬。 利息及投資收入 一切利息和股利收入{????}b大學之收支報表 中記賬。固定利息投資和存款之收入以應 計收入記賬。股利收入則在公佈派發時記 賬。 捐款、捐贈之服務及捐贈之實物 捐款按現金基準入賬。除非捐贈之貨幣利益 重大並可合理評估，否則捐贈之服務及捐 贈之實物並無列入財務報表。 開支 核准開支內包括已向供應商發出訂單但於 結算日仍未收取之貨品或服務。 書籍及期刊 圖書館書籍及期刊於購入時在有關基金內 撇銷。 樓宇及在建工程 在建工程首先於有關資金賬戶內開銷，然 後按成本値資本化入賬於樓宇基金。當工 程完成，樓宇成本按直線法計算折舊，依 照估計使用年限以每年2 之速度撇銷。 大學座落於西貢約60公頃之土地，由政府按 名義租金批出，為期58年，至2047年6月30 日止。該土地批授屬經營租賃性質，並無 列入本財務報表。

12 設備 設備成本均於支銷年度首先在有關資金賬 戶內開銷，然後按付款基準資本化入賬於 設備基金。設備按直線法計算折舊，依照 估計使用年限以下列之速度撇銷： 車輛 每年25 計算機、影音、保養、 教學及體育設備 每年25 傢具及其他設備 每年20 設備包括由香港科大教育信託基金所授予 之資產。 投資 長期持有之投資以成本値減任何永久降値 後入賬。 其他投資以公平價値入賬，其未兌現之收 益及虧損於期內之收支報表人賬。 存貨 自籌資金業務持作轉售之存貨按成本値及 可變現淨値兩者較低者入賬。成本値是以 平{????}言貌k計算。可變現淨値乃參照實際 或估計售價減去市場推廣、銷售及分銷之 有關成本計算。其他存貨於購入時在有關 基金內撇銷。 稅項 大學根據香港稅務條例第88條之規定獲豁 免繳付稅項。 等同現金 等同現金乃三個月內到期之短期投資減去 三個月內到期之銀行借貸，該等短期投資 可隨時變現為已知數額之現金。

13 樓宇及設備 設備 計算機、 影音、保養 教學及體育設備 樓宇 在建工程 車輛 傢具及其他設備 -- 成本 於2001年6月30日 添置 轉撥自在建工程 轉撥至樓宇 出售／撇銷 於2002年6月30日 折舊 於2001年6月30日 本年度計算之折舊 出售／撤銷 於2002年6月30日 賬面淨値 於2002年6月30日 於2001年6月30日

14 樓宇 學術大樓 高級教職員宿舍 第IIA期及第IIB期 -- 研究生宿舍及大學中心 成本 於2001年6月30日 添置 轉撥自在建工程 於2002年6月30日 折舊 於200年6月30日 本年度計算之折舊 於2002年6月30日 賬面淨値 於2002年6月30日 於2001年6月30日 大學向銀行貨款興建高級教職員宿舍連大學中心 有關興建高級教職員宿舍的銀行貨款隨後轉為大學內部融資 每月自經常撥款中扣取有關融資的

償還款項 於2002年6月30日 該筆內部貸款的未償還餘額為港幣165,000,000元.

有關研究生宿舍連大學中心銀行貸款的詳情請參閱附註9

15 在建工程 新增學生宿舍 學術大樓之改建、加建及改善工程

成本 於2001年6月30日 添置 轉撥至樓宇 於2002年6月30日

16 投資 投資經理所管理資金成本値〔附註a〕 上市投資 非上市投資、債券及現金／銀行存款 於共同控制個體之投資成本値

深港產學研基地1，000萬元人民幣 於全資附屬公司之投資成本値 香港科技大學持續進修學院有限公司2股每股面値1港元之股份 香港科大地產有限公司2股每股面値1港元之股份 香港科大研究開發有限公司10，000，002股每股面値1港元之股份 其他投資成本値 存款證／浮息票據 大學聯合電腦中心有限公司1股面値500港元之股份 -- 投資經理所管理資金於2002年6月30日之市値為 港幣545,443,000元(2001 : 港幣547,740,000元 大學之附屬公司及共同控制個體的資料於第33頁

大學應佔未綜合附屬公司之純利(虧損)如下:列人大學之財務報表

17 流動資產 存貨 預付款項及按金 應收賬款-- 銀行及現金結餘 銀行存款 於三個月內到期 於三個月後到期 其他銀行及現金結餘〔附註〕 其他銀行及現金結餘包括己簽發但未兌現之支票 於2002年6月30日時並無實質透支 -- 流動負債 應付賬款及應計費用 銀行貸款〔一年內到期〕 退職金〔一年內到期〕 其他應付賬款及應計費用 教資會往來賬 總計

18 長期負債 銀行貸款〔附註〕 7月1日之結餘 於年內籌集之貸款 於年內償還 於一年內到期之貸款轉撥至流動負債 6月30日之結餘 該筆銀行貸款是用作興建研究生宿舍連大學中心。最終清償日期為2010年7月31日 樓宇基金 2001年6月30日之結餘 添置／撇銷折舊 添置 2002年6月30日之結餘

19 設備基金 2001年6月30日之結餘 添置／撇銷折舊 添置 撇銷折舊 2002年6月30日之結餘〔附註〕 結餘包括香港科大教育信託基金所授予之設備 其賬面淨値為港幣2,770,000元(2001: 港幣6,657,000元)一般基金 己轉撥款額-- 收人 閞支-- 一般捐款 大學發展基金 部門基金 香港科技大學基金 總計

20

特定基金 已轉撥款額 校舍改建、加建及改善工程之整筆撥款 研究撥款 語文培訓撥款 教學發展撥款 居所資助計劃 除居所資助計劃以外之與房屋有關費用 卓越領域 中學和大學兩個階段的銜接 聯校就業資料庫的再發展 有關大學畢業生語文能力通用報告格{????}i行性研究的資助 促進大學與學校之問的銜接計劃 建設撥款 基本教學用途設備一第一期 基本教學用途設備一第二期 危險品貯存室 工程學實驗室的裝修工程及環境調控 家具及一般設備 微電子製造中心 專用設備及設施 學生宿舍〔527個宿位〕 其他 於2002年6月30日未動用之結餘及不足數額己結轉至下個財政年度 不足之數額在來年之教資會撥款中對銷

21 特定基金〔續〕 己轉撥款額 收入 開支 -- 指定研究基金 指定捐款 奬學及助學基金 指定留本基金經常賬 建設項目 其他{????}運基金-- 指定留本基金資本賬

總計

投資虧損導致負收人

22 儲備及備付金 一般及發展儲備 學生宿舍 一般 傢具及設備 大型重新裝修 兌換平衡賬 研究項目及其他備付金 與教職員有關費用之備付金 總計

轉撥自一般／特定基金之港幣98，350，000元款額包括港幣82,193,000元轉撥自一般閞支 港幣12,024,000 元

轉撥自收人高於開支的餘額，及港幣4,133,000元轉撥自過多備付金。 -- 轉撥自(至)一般/特定基金之款額 己動用款額

23 教資會撥款結算賬 2001年6月30日之結餘 2001／02年度之經常賬 2002年6月30日之結餘 根據整筆撥款安排 教資會撥出之資助加上其他一般收人與大學動用 轉撥之實際金額之差額 會列人教資會撥款結算賬 於2002年6月30日之結餘(即一般收人高於動用/轉撥實際金額累積餘數)留作三年度餘下年之用 本結算賬於三年度完結時如有經常撥款 整筆撥款

24 教資會經常撥款 教資會經常／增補撥款 薪酬調整增補撥款 差餉及地租 各項收費 學費 畢業費 入學申請收費

25 特定收支 收入 指定撥款 建設撥款 捐款、指定研究基金及指定留本基金收入〔附註〕 其他營運收入 閞支 自指定撥款撥出之開支 自建設撥款撥出之開支 自捐款、指定研究基金及指定留本基金收入撥出之開支 其他營運開支 本年度盈餘 轉撥至儲備/備付金 轉撥至一般基金 轉撥至特定基金

捐款收人包括港幣4,763,343元(2001: 港幣401,788元) 來自香港賽馬會慈善信託基金。

26 一般開支一行政 薪金及退職金／公積金／强積金 高級教職員 薪金及退職金／公積金／强積金 其他職員 核數及法律費用 顧問 職務探訪及教職員培訓 財務費用 傢具及設備 一般廣告 一般辦公室費用 校方刊物 車輛開支 工作坊及研討會

一般開支一教學 教學部門 薪金及退職金／公積金／强積金 高級教職員 薪金及退職金／公積金／强積金 其他職員 顧問 職務探訪及教職員培訓 傢具及設備 一般辦公室／實驗室費用 研究生助學金 研究撥款 工作坊及研討會

27 一般開支 教學〔續〕 圖書館 薪金及退職金/公積金／强積金 高級教職員 薪金及退職金/公積金/强積金 其他職員 書籍釘裝 職務探訪及教職員培訓 傢具及設備 一般辦公室費用 圖書館書籍及期刊 圖書館電子網絡搜索 工作坊及研討會

資訊系統/科技服務中心 薪金及退職金/公積金／强積金 高級教職員 薪金及退職金l公積金／强積金 其他職員 電腦軟件 顧問 職務探訪及教職員培訓 傢具及設備 一般辦公室／實驗室費用

28 一般開支 教學〔續〕 教學輔助中心 薪金及退職金／公積金／强積金 高級教職員 薪金及退職金／公積金／强積金 其他職員 顧問 職務探訪及教職員培訓 傢具、裝修及設備 一般辦公室／實驗室費用 工業培訓費用 工作坊及研討會

29 一般開支一校舍保養 薪金及退職金／公積金/强積金 高級教職員 薪金及退職金／公積金／强積金 其他職員 清潔費用 顧問 職務探訪及教職員培訓 傢具及設備 一般辦公室費用 保險費 小型工程 差餉及地租 維修及保養 保安支出 職員制服及洗熨 公共事業費用

一般開支一一般教育 與中國的學術交流 收生費用 諮詢委員會會議／評審 藝術中心 考試費用 國際交流計劃 加入國際教育聯會之費用

30 一般開支一學生事務及福利設施 薪金及退職金／公積金／强積金 高級教職員 薪金及退職金／公積金／强積金 其他職員 職務探訪及教職員培訓 傢具及設備 一般辦公室費用 給予學生組織之撥款／學生活動 宿舍舍監酬金 體育設施 學生保健

其他

一般開支一其他 校友聯繫 畢業典禮費用 顧問委員會／校董會會議 教育津貼 房屋福利 保險費 醫療及牙科福利 交際費 旅費 宣傳費用 招聘費用 搬遷費用 自願離職之補償金 雜項

31 資金盈餘與大學營運淨現金流入之對賬 資金盈餘

調整 建設項目收入 購買樓宇及設備 出售設備 利息收入 投資虧損 銀行／內部貸款資金籌建樓宇之利息支出 樓宇基金資本化金額

調整總額

資金盈餘淨額 存貨之減少 預付款項及按金之增加 應收賬款之增加 教資會往來賬之增加／〔減少〕 應付賬款及應計費用之〔減少〕l增加 與教職員有關費用備付金之減少 大學營運淨現金流入

32 資本承擔 已簽約但未於財務報表作出準備之建設工程 已獲授權但尚未簽約之建設工程及購買設備 大學於共同控制個體之已簽約但未於財務報表作出準備之投資承諾

33 大學之附屬公司及共同控制個體的資料 公司/個體名稱 大學持有股本 控制權益百分率 主要活動 附屬公司 香港科技大學持續進修學院有限公司 香港科大地產有限公司 香港科大研究開發有限公司 -- 共同控制個體-- 資訊科技創業家培訓協會有限公司 南沙資訊科技園區基金有限公司 南沙科技投資有限公司 深港產學研基地 深圳市深港產學研科技發展有限公司 直接持有 間接持有 發展、提供及開辦不同的教育課程，以補充、 延續及銜接大學的正規學位課程

不活動

為大學知識產權進行商品化及市場推廣，管理 風險性創業基金，協助產業育成中心的工作

為香港年青一輩的創業者推廣及提供資訊科技 方面的創業培訓

策劃、建設及管理南沙資訊科技園區

在中國成立合營企業作為策劃、建設及管理南 沙資訊科技園區

通過工業界、政府及研究型大學之間的聯營合 作，以促進深圳經濟特區高新科技的發展，並 培育精英專才

不活動

a資訊科技創業家培訓協會有限公司為一間無股本之保證有限償還公司 此機構有三名成員 香港中文大學, 香港科技大學及香港大學 b 南沙資訊科技園區基金有限公司為一間無股本之保證有限公司 此基金有兩名成員: 香港科大研究開發有限公司及霍英東基金有限公司 C 南沙科技投資有限公司為南沙資訊科技園區基金有限公司 d 深港產學研基地為深圳市政府 北京大學及香港科技大學於深圳共同創立之事業單位 e 深圳市深港產學研科技發展有限公司為深港產學研基地之全資附屬公司