Financial Statements for the Year Ended 30 June 1999

Abstract

[evdate 1999-06-30] CONTENTS Treasurer's Report Auditors' Report Balance Sheet Income and Expenditure Statement Cash Flow Statement Notes to the Financial Statements Basis of Accounting Significant Accounting Policies Fixed Assets Buildings Construction-in-progress Loans to Affiliated Companies Investments Current Assets Current Liabilities Long-term Liabilities Building Fund Capital Fund General Funds Specific Funds Reserves and Provisions UGC Triennium Equalization Account UGC Recurrent Grant Fee Income Specific Income and Expenditure General Expenditure Administration Academic Maintenance of Premises General Education Student Facilities and Amenities Miscellaneous Reconciliation of Funding Surplus to Net Cash Inflow from University Operations Capital Commitments Comparative Figures Information on University Companies

THE HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 1999

TREASURER'S REPORT The year 1998199 was the first year of the triennium 1998-2001 where Government mandated a 10% unit-cost cut in the triennial funding. Facing the financial constraints, the University has implemented a series of cost containment measures. These include, interalia, non-academic staff reduction through natural attrition, large-scale reduction of non-salary expenditure as well as refinancing of the bank loans for the senior staff quarters. The financial results of 1998/99 reflected the University's initial success. Any surplus after transfer to reserves will be carried forward to strengthen its financial positions to deal with any unanticipated financial requirements as the triennial funding cut deepens. General Income and Expenditure General income was $1,962 million (1997/98: $1,942 million). The University received from the University Grants Committee (WC): a block grant of $1,436 million, a reserved supplementary grant amounting to $72 million to cover additional costs arising from salary revisions in line with the annual salary adjustments approved for the Civil Service, and $47 million for the reimbursement of property rates and rents paid by the University. The remainder of general income included $295 million of tuition fees and others amounting to $112 million. General expenditure was $1,715 million (1997/98: $1,894 million). The more-than-9% drop in the expenditure was mainly due to the result of the cost containment measures, and, partly due to a change in the funding arrangement for staff housing benefits. During the year, the Government introduced a Home Financing Scheme (HFS) for the staff members of the UGC-funded institutions with an intention to save housing expenditure in the long run. Consequent to the implementation of the HFS, costs of staff housing benefits are no longer paid out of the block grant but charged against separate earmarked housing grants. Out of the $1,715 million general expenditure, $144 million or 8.4% was for Administration, $1,126 million or 65.6% for Academic Departments and Academic Support Centers, $286 million or 16.6% for Maintenance of Premises, and $159 million or 9.4% for others. After transfers to reserves / provisions, the general income over the general expenditure for the year showed a surplus of $170 million. In accordance with the general guidelines laid down by the UGC, this surplus will be carried forward to and utilised in the remaining years of the current triennium. 1Earmarked Grants The University received from the UGC a total of $183 million (1997/98: $160 million) of earmarked grants. Out of which, $103 million was earmarked for research activties, $52 million was new provisions earmarked for staff housing benefits, and the remainder of $28 million was for other earmarked activities including language

enhancement, teaching development and year 2000 compliance, etc..

Capital Grants A total of $55 million (1997/98: $75 million) in the form of capital grants was received from the UGC. These capital grants were for the acquisition of basic teaching and specialist equipment and facilities, the construction of laboratories and facilities and the acquisition of

general furniture and equipment.

Donations, Designated Funds and Other Operating Funds Income from donations and designated funds together with interest and investment income generated for the year increased by $70 million to $168 million (1997/98: $98 million) The increase mainly came from donations for the construction of the HKUST Annex and the continuous growth in research grants from other funding

agencies. Out of the total income, 36% was for capital projects, 39% for research activities, and the remaining 25% for scholarships, bursaries and student loan funds, and other purposes.

A total of $125 million of other operating income was generated from self-financing activities and research contracts ( 1997/98: $102 million).

As at 30 June 1999, the total fund balance of donations, designated funds and other operating funds stood at $378 million (1997/98: $329 million).

2Building Projects Construction of the Annex was completed in February 1999. This six-storey extension of the Academic Complex makes available an additional gross floor area of approximately 6,000 square meters with construction cost entirely funded by private sources. The new structure provides much needed space for a number of programs which form an essential part of the University's service to the community of Hong Kong and the region. These programs include applied R&D, technology transfer, executive education, China collaboration, and international cooperation.

The construction of a covered swimming pool together with a coastal research laboratory is under way. The project is scheduled for completion before the end of year 2000. An application for full approval of the construction of 527 additional student residences has been submitted to the UGC. Reserves As at 30 June 1999, the reserves stood at $490 million (1997/98: $411 million). The University will continue to build up the reserves to maintain the financial stability in future years. Year 2000 Compliance Effort to tackle the Y2K issues shifted into high gear during the year culminating in our declaration towards the end of the financial year that all our mission-critical systems were tested, rectified and confirmed to be Y2K compliant. The University's Y2K Task Force is currently focussing on finalizing and testing our

contingency plans to ensure a smooth transition to Year 2000. 3Outlook The University will not be complacent with its initial success coping with the funding cut. While expenditure will continue to be closely monitored for the current triennium, the University will not lose sight of the next 200 l-04 triennium pondering a possible further funding cut. Administrative processes will continue to be reviewed and streamlined. Redundant procedures, avoidable paperwork and non-value-add tasks will be minimized to render work more efficient, more effective and more enjoyable for all. The University will continue to proactively manage its resource allocation to make sure its core mission of excellence in teaching, research and community service is not compromised. SIGNED Dr. LAU Wah-sum, JP Treasurer of the University, 11 November 1999 4AUDITORS' REPORT Deloitte Touche Tohmatsu Certified Public Accountants 26th Floor. Wing On Centre 111 Connaught Road Central Hong Kong To: The Council of the Hong Kong University of Science and Technology We have audited the financial statements on pages 7 to 32 which have been prepared in accordance with accounting principles generally accepted in Hong Kong. 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. 5We 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 give a true and fair view of the state of affairs of The Hong Kong University of Science and Technology as at 30 June 1999 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 11 November 1999 6Balance Sheet as at 30 June 1999 Fixed Assets Loans to Affiliated Companies Investments Current Assets Less: Current Liabilities Net Current Assets Long-term Liabilities TOTAL NET ASSETS BALANCE SHEET AS AT 30 JUNE 1999 3,731,615 3,789,603 6 0 30 7 581,533 528,655 8 912,870 735,230 9 330,329 381,647 10 582,541 353,583 4,895,689 4,671,871 (403,000) (437,500) 4,492,689 4,234,37 I Building Fund Capital Fund General Funds Specific Funds Reserves and Provisions UGC Triennium Equalization Account TOTAL FUNDS 3,119,365 167,161 119,486 425,762 490,361 170,554 4,492,689 3,095,782 224,935 99,587 403,149 410,918 4,234,371 Approved by the Council on 11 November 1999 SIGNED Dr LAU Wah-sum Treasurer of the University SIGNED Professor Chia-Wei WOO President The accompanying notes are an integral part of the financial statements. 7SIGNED Philip S. P. WONG Director of Finance

INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 30 JUNE 1999 GENERAL INCOME Fee Income Interest and Investment Income Rental Recovery from Staff 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 the UGC Holding Account Transferred to Reserves/Provisions Transferred to General Funds Transferred to Specific Fund SURPLUS/(DEFICIT) TRANSFERRED TO THE UGC TRIENNIUM EQUALIZATION ACCOUNT The accompanying notes are an integral part of the financial statements. 820 144,237 142.109 21 1,125.989 l,l25,952 22 286,091 297,592 23 13,742 19,353 24 25 19 38,297 38,419 106,904 270,960 1,715,260 1,894,385 754 892 1,714,506 1.893.493 481,123 309,258 1999 1998 $'ooo $'ooo 1,555,627 298,092 84,452 17,097 6,873 1.962.141 1,942,2 11 531.130 435,609 2,493,27 1 2,371,820 2,195,629 2.202.75 1 297,642 175,069 (8,121) (13,636) (76,458) (141,638) (26,021) (12,635) (16,488) (108,075) 170,554 (100,915)

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 1999 NET CASH INFLOW FROM UNIVERSITY OPERATIONS NET CAPITAL INFLOW FROM DESIGNATED ENDOWMENTS RETURNS ON INVESTMENTS AND SERVICING OF FINANCE Interest and Investment Income Bank Loan Interest Paid NET CASH INFLOW FROM RETURNS ON INVESTMENTS AND SERVICING OF FINANCE INVESTING ACTIVITIES (Increase)/Decrease in Bank Deposits Maturing after Three Months Payments to Acquire Fixed Assets Receipts from Sales of Other Fixed Assets Investments in Wholly-owned Subsidiaries Payments to Acquire Investments Repayment of Loans from Affiliated Companies NET CASH OUTFLOW FROM INVESTING ACTIVITIES NET CASH (OUTFLOW)/INFLOW BEFORE FINANCING 1999 1998 72,165 48,403 (273,038) (166,568) 58 (9,000) (43,878) 30 88,252 (121,604) 28 0(34,138)

CASH FLOW STATEMENT (Cont'd) FOR THE YEAR ENDED 30 JUNE 1999 FINANCING Draw Down on Bank Loans Repayment of Bank Loans NET CASH OUTFLOW FROM FINANCING (DECREASE)/INCREASE 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. (69,345) 207,88 I 460,545 529,890 466,133 538,840 (5,588) (8,950) 460,545 529,890 10

NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 1999 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. SIGNIFICANT ACCOUNTING POLICIES Subsidiary Companies The investment in subsidiary companies is stated at cost less provision where there has been a permanent diminution in the underlying value of the investment. No consolidated financial statements are prepared in view of their dissimilar activities and immateriality of the amounts involved. 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. 11 2.4 2.5 2.6 2.7 2.8 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 an accrual 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. 12 2.13 2.9 Other Fixed Assets The costs of other fixed assets are first charged against the respective fund accounts in the year of expenditure and then capitalised against the Capital Fund on a payment basis. Other fixed assets are depreciated on a straight-line basis over their estimated useful lives at the following rates :- Motor vehicles Computing, audio/visual, maintenance, teaching and sports equipment 25% per annum Furniture and other equipment 20% per annum Other fixed assets include those conferred by the HKUST Educational Trust. Assets leased under finance leases are capitalised at the present value of the minimum payments at the inception of the lease and depreciated on the same basis as mentioned above or, where shorter, over the terms of the finance leases. 2.10 Investments Listed and unlisted investments are stated at cost less provision where there has been a permanent diminution in the underlying value of the investment. 2.11 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. 2.12 Taxation The University is exempted from payment of tax by virtue of Section 88 of the Inland Revenue Ordinance. 2.13 Cash Equivalents 25% per annum 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. 13

FIXED ASSETS Other Fixed Assets Computing, Audio/Visual, Maintenance, Teaching and Sports Equipment Furniture and other Equipment Construction-ub-progress Motor Vehicles

Buildings $'ooo (Note 5) $'ooo Note 4) 7 - 3,963,662 50,293 4,834 1,039,359 3 12,425 5.370.573 339 80,665 96,914 0 374 00(1501 80,59 1 5,078 167,045 00(11,779' 0 96,914 (96,914 0 (96,914 a (6,535: 1 (18,464 JZ* COST As at 30 June 1998 Additions/Adjustments Transfers from Construction- in-progress Transfers to Buildings Disposals/Written Off As at 30 June 1999 DEPRECIATION As at 30 June 1998 Charged for the Year Disposals/Written Off As at 30 June 1999 NET BOOK VALUE As at 30 June 1999 As at 30 June 1998 5,519,156 1,580,970 224,654 (18,083: 4,060,9 15 34,044 5,058 1,108,171 310,968 449,287 81,218 4,517 313 (150 857,707 121,877 269,459 2 1,246 (6,398 530,505 0 4,680 968,049 284,307 1,787,541 3,530,410 34,044 378 140,122 26,661 3,731,615 3,514,375 50,293 317 181,652 42,966 3.789.603 14 BUILDINGS Campus {Phases I and II) IIA IIB Senior Staff Quarters Graduate Residence and University Center HKUST Annex The Hong Kong Jockey Club Biotechnology Research Institute COST As at 30 June 1998 3,308,019 425,720 Additions Transfers from Construction- in-progress As at 30 June 1999 3,308,019 426,003 DEPRECIATION As at 30 June 1998 418,229 University HKUST Phases I and II Phases IIA and IIB Center Annex $'ooo $'ooo $'ooo $'ooo (Note a) (Note b) (Note b) (Note c) Charged for the Year As at 30 June 1999 484,389 30,441 13,736 1,724 215 530,505 283 229,979 86,189 10,725 4,060,9 15 ooo (BSd) (Note d) NET BOOK VALUE E1999+6H3OB As at 30 June 1999 2,823,630 395,562 216,243 84,465 10,510 3,530,410 El998~6~3OEl As at 30 June 1998 2,889,790 403,798 220,787 0 0 3,5 14,375 Notes : The construction cost of the Campus was paid by the Hong Kong Jockey Club (60 and the Hong Kong Government (40

B With the approval of the UGC, the University obtained bank loan facilities to finance the construction of additional senior staff quarters and additional graduate residences together with a University Center (GRUC).

c. The construction of the HKUST Annex and the Hong Kong Jockey Club Biotechnology Research Institute were primarily financed by donations and the University Development Fund.

d. The net book value of buildings was represented and financed by the Building Fund, Bank Loans and Accounts Payable.

15

CONSTRUCTION-IN-PROGRESS The Hong Kong Jockey Club Biotechnology Research Institute Environ-mental Geotechnical Research Facility Indoor Swimming Pool/Coastal Research Laboratory Student Indoor sports Facilities Additional Student Residences HKUST Annex Amphi-theater $'ooo $'ooo $'ooo $'ooo Total $'ooo $'ooo $'ooo 10 110 COST As at 30 June 1998 Additions/ Adjustments Transfers to Buildings As at 30 June 1999 - 3,787 247 3,831 21,671 0 6,938 4,126 (567) 2,992 1,634 (10,725: 0 0 0 0 0 0 4,373 3,264 24,663 1,634 50,293 80,665 (96,914; 34,044 LOANS TO AFFILIATED COMPANIES Varsity Resources Corporation Limited 1999 1998 $'ooo $'ooo 0 30 16 7. INVESTMENTS Listed Investments with Investment Managers at Cost (Note a) Unlisted Investments at Cost Bonds and Cash/Bank Deposits with Investment Managers (Note a) Joint Universities Computer Centre Limited 1 share of HK$500 160,789 123,623 411,743 1Varsity Resources Corporation Limited (Note b) 50,000 shares of HK$l each 404,981 150 Investment in Wholly-owned Subsidiaries at Cost HKUST Properties Limited 2 shares of HK$l each HKUST RandD Corporation Limited mg: Notes : 581,533 0528,655 a. The market value of listed and unlisted investments with investment managers as at 30 June 1999 was HK$.583.79 million (1998 : HK$544.86 million).

b. The Varsity Resources Corporation Ltd. has ceased business and is undergoing a dissolution process. Full provision for diminution in value of the investment has been made.

c. Particulars of the University companies are set out in page 33. d. The net profits of the subsidiaries not consolidated but attributable to the University were:

Previous Years 1999 $'ooo Since Acquisition $'ooo Dealt with in the Financial Statements of the University Not dealt with in the Financial Statements of the University

17 8. 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 TOTAL 9. CURRENT LIABILITIES Accounts Payable and Accruals Bank Loans (Due Within One Year) Gratuities (Due Within One Year) Backpayments in relation to Salary Revisions Other Accounts Payable and Accruals UGC Holding Account Excess from Reserved Supplementary Grants for Salary Revisions Excess from Earmarked Grants Reserved Supplementary Grants for Salary Revisions 1998 'ooo $'ooo 703 1,022 4,250 21,953 9,837 42,100 691,221 (8,950) 885,964 682,27 1 912,870 735,230 28,500 114,328 16,957 224.128 320,87 1 383,913 9,458 (2,266) 330,329 381,647 18 10. LONG-TERM LIABILITIES 11. Bank Loans (Note) Balance as at 1 July Loans Drawn during the Year Repayment during the Year Amounts Repayable within One Year Transferred to Current Liabilities Balance as at 30 June 466,000 (28,500) 437,500 (34,500) 403.000 466,000 (28,500) 437,500 The University signed two loan agreements with the Hang Seng Bank Limited for the construction of the senior staff quarters

Phase IIA and Phase IIB. in 1994 and 1995 respectively, and a loan agreement with The Bank of East Asia, Limited for the Graduate Residence together with a University Center in 1995. On 30 June 1998, the two bank loans for the senior staff quarters were merged and refinanced by the Hang Seng Bank Limited for a 8-year period. Under the new agreement, the University has to place with the Hang Seng Bank Limited an amount of deposit equivalent to the outstanding loan amount.

The final repayment dates of the bank loans are : Hang Seng Bank Limited 30 June 2006 The Bank of East Asia, Limited 31 March 2007 BUILDING FUND Balance as at 30 June 1998 Additions/Depreciation Written Off Additions Depreciation Written Off Balance as at 30 June 1999 3,095,782 104,801 (81,218) 3,119,365 19 12. CAPITAL FUND Balance as at 30 June 1998 Additions/Depreciation Written Off Additions Depreciation Written Off (125,353) Balance as at 30 June 1999 167,161 The balance of the Capita6 Fund as at 30 June 1999, representing the net book value of other fixed assets, was funded by: Accumulated Cost Government Non-Government $'ooo $'ooo $'ooo 1,274,088 150,109 1.424.197 Less: Accumulated Depreciation 1.136.097 120,939 1,257,036 Balance as at 30 June 1999 137,991 29.170 167,161 Note : The balance of Non-Government Funds included HK$9,558,000 being net book value of other fixed assets conferred by the HKUST Educational Trust.

13. GENERAL FUNDS General Donations 24,258 Amount Transferred In/Out $'ooo 3,000 University Development Fund 71,848 (10,756) Income Expenditure 1999 $'ooo $'ooo $'ooo 7,000 0 34,258 18,960 143 79,909 1,478 1,274 5,319 Departmental Discretionary Fund 1% 99,587 (6,122) 27,438 1,417 119,486 TOTAL 20 SPECIFIC FUNDS Earmarked Grants Alterations, Additions & Improvements Block Allocation Research Grants Language Enhancement Grant Teaching Development Grant (Note 2) Home Financing Scheme Housing-related Expenses other than Home Financing Scheme Areas of Excellence Interface between Tertiary and School Sectors Compliance with Occupational Safety and Health Ordinance and Regulation Year 2000 Compliance 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 Others Notes: I. The unspent balances are to be carried forward to the next financial year and the shortfalls as at 30 June 1999 will be offset against

funding to be released by the UGC to the University in the next financial year. 1998 $'000 146,363 1,310 9,122 4,937 2,026 Amount Transferred In/Out $l000 Income Expenditure 1999 $'000 6,304 103,426 3,723 1,077 104,349 145,440 9,ooo 6,422 21,104 8,284 2,026 7,733 7.811 37,177 (16,073) 30,730 0560 25 5,500 26,536 4,194 2,53 1 2,406 1,240 1,346 24 1 4,225 1,275 162,254 0 183,071 195,822 149,503 10,932 0 55,033 48,340 17,625 35,754 (4,773) 278 70 ( 1,050) 2,013 (22,179) 819 3,933 15,100 5,000 31,000 7,569 32,118 12,987 (2,660) 278 70 9,187 (5,237) 0 2,013 18,269 W48) 328 491 2. During the year, an incompleted Teaching Development Grant project with a remaining fund balance of HK$1,809,000 was transferred

to The University of Hong Kong. The balance was paid to The University of Hong Kong and included in the expenditure.

21 14. SPECIFIC FUNDS (Cont'd) Amount Transferred U 1998 In/Out $'000 Income ExDenditure - - 1999 Designated Donations and Endowment Recurrent Accounts Designated Funds Scholarships and Bursary Funds Student Loan Funds Designated Endowment Recurrent Accounts Capital Projects Other Operating Funds Designated Endowment Capital Accounts TOTAL 74,803 1,504 86,596 64,295 98,608 3,952 9 9,246 6,446 6,761 16 0 838 338 516 9,287 0 4,489 2,580 11,196 50,405 5,828 60,214 77,708 38,739 138,463 7,341 161,383 151,367 155,820 63,002 (8,717) 104,205 84,177 74,313 28,498 0 3 0 28,501 403,149 (1,376) 503,695 479,706 425,762 15. RESERVES AND PROVISIONS Amount Transferred Amount from/(to) General/ Expended Specific Funds $'ooo $'ooo 1998 $'ooo 104,904 130,862 Building-related Reserves 58,833 163,737 (775) 130,087 Non-building-related Reserves Staff-related Reserves Contractual Passages Gratuities 14,03 1 6,478 36,082 98,244 Leave Pay 113,355 104,722 128,640 120,007 Student Residential Halls 167 14,620 8,837 9,679 -49. General Furniture and Equipment 8,025 Major Redecoration 8,446 4) (1,416) 32,774 Exchange Equalization 1,993 Provisions for Research Projects 410,918 104,704 184,147 490,361 TOTAL Note : The total amount of HK$184,147,000 transferred from general/specific funds included HK$101,562,000 from general expenditure,

HK$76,458,000 from excess of income over expenditure, and HK$6,127,000 from over-provision of outstanding commitments.

23 16. UGC TRIENNIUM EQUALIZATION ACCOUNT Balance as at 30 June 1998 Recurrent Account, 1998199 Balance as at 30 June 1999 170,554 170,554 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 1999, representing the 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 . 24 UGC Recurrent Grant Block Grant Supplementary Grant for Minor Works Supplementary Grant for Additional Research Postgraduate Reserved Supplementary Grants for Salary Revisions Rates and Government Rent FEE INCOME Tuition Fees Graduation Fees Application Fees 1999 $'000 1998 $'ooo 1,373,536 1,163,789 0 zoo0 62,900 67,800 1,436,436 72,100 47,091 1.233.589 269,557 25,929 1,555,627 1,529,075 295,402 287,865 701 652 1,989 969 298,092 289,486 25 SPECIFIC INCOME AND EXPENDITURE INCOME Earmarked Grants Capital Grants Donations and Designated Endowment Income Other Operating Income EXPENDITURE Expenditure met from Earmarked Grants Expenditure met from Capital Grants Expenditure funded by Donations and Designated Endowment Income Other Operating Expenditure SURPLUS FOR THE YEAR TRANSFERRED TO RESERVES/PROVISIONS TRANSFERRED TO GENERAL FUNDS TRANSFERRED TO SPECIFIC FUNDS 1999 195,822 48,340 151,367 85,594 481,123 50,007 (7,498) (26,021) (16,488) 1998 ooo 159,995 75,103 98,817 101.694 435,609 106,480 49,602 88,108 65,068 309,258 126.35 1 (5,641) (12,635) (108,075) 20. GENERAL EXPENDITURE - ADMINISTRATION Salaries and Gratuities/Superannuation - Senior Staff Salaries and Gratuities/Superannuation - Support Staff Audit and Legal Fees Financial Charges Furniture and Equipment General Advertisements General Office Expenses Official Publications Vehicle Running Expenses 21. GENERAL EXPENDITURE - ACADEMIC Academic Departments Salaries and Gratuities/Superannuation - Senior Staff Salaries and Gratuities/Superannuation - Support Staff Furniture and Equipment General Office/Laboratory Expenses Postgraduate Studentships Library Salaries and Gratuities/Superannuation - Senior Staff Salaries and Gratuities/Superannuation - Support Staff Book Binding Furniture and Equipment General Office Expenses Library books and Periodicals Library On-line Search Others

27. 90,000 86,93 142 165 1,865 1,489 1,000 000 48,614 677 417 164 2,316 1,527 1,298 144,237 142,109 1999 1998 526,293 5 16,904 104,820 112,950 2,794 432 33,330 93,433 38,292 89,212 760,670 757,790 22,694 25,006 721 649 19,824 23,663 652 294 927 22,500 33,185 1,207 1,207 1,179 1,567 74,762 21. GENERAL EXPENDITURE - ACADEMIC (Cont'd) Research Grants Computer Facilities Academic Support Centers Advanced Engineering Materials Facility Animal Care Facility Applied Technology Center Center for Coastal and Atmospheric Research Center for Enhanced Learning and Teaching Center of Laboratory Supplies China Light and Power Wind/Wave Tunnel Facility Computer Aided Design and Manufacturing Facility Deans' Offices Educational Technology Center Electrical and Mechanical Services Facility Geotechnical Centrifuge Facility Glassblowing Facility Industrial Training Center Institute for Environment & Sustainable Development Language Center Liquid Helium Facility Materials Characterisation and Preparation Facility Microelectronics Fabrication Facility Office of Contract and Grant Administration Plant Growth Facility Research Center Technology Transfer Center VP-AA Office VP-RD Office 21,571 55,509 1998 %'ooo 22,026 55,009 2,589 2,534 2,402 2,253 15,085 5,212 7,620 4,692 473 0 3,568 3,354 1,951 1,308 3,704 3,700 42,619 40,447 18,365 17,423 12,475 11,812 1,901 2,343 122 120 9,226 7,308 138 688 32,502 33,082 302 371 14,055 15,184 10,785 10,597 5,051 5,717 1,267 401 a 15,491 5,511 5,56$ 13,574 13,505 8,19Z 6,691 213,477 209,808 1,125,989 1,125,952 28

GENERAL EXPENDITURE - MAINTENANCE OF PREMISES Salaries and Gratuities/Superannuation - Senior Staff Salaries and Gratuities/Superannuation - Support Staff Insurance Premiums Cleaning Expenses Furniture and Equipment General Office Expenses Minor Works Rates and Government Rent Repairs and Maintenance Security Expenses Staff Uniforms and Laundry Utility Charges 23. GENERAL EXPENDITURE - GENERAL EDUCATION Academic Exchanges with China Admission Expenses Advisory Committees Meetings/Accreditation Association of East Asian Research Universities and a Europe Institute & a German Center Center for the Arts 184 Consultancies Duty Visits and Staff Development Examinations Subscriptions to International Education Associations Workshops and Seminars

29 1999 $'ooo 1998 $'ooo 16,710 15,937 105,149 101,806 903 1,551 8,684 11,202 1,687 863 1,297 1,673 7,210 17,322 47,091 25,929 37,368 57,645 6,111 8,158 252 481 53,629 55.025 286,091 297,592 1999 1998 $'ooo $'ooo 270 0 64 150 1,076 1,040 251 131 1,098 1,155 3,520 5,490 6,190 9,968 70 91 86 146 1,117 1,182 13,742 19,353 24. GENERAL EXPENDITURE - STUDENT FACILITIES AND AMENITIES 1999 1998 $'ooo Grants to Student Bodies Physical Education Facilities 244 229 Student Affairs Office 33,325 33,460 Student Health 4,353 4,303 38,297 38,419 25. GENERAL EXPENDITURE - MISCELLANEOUS Congregation Expenses Court/Council Meetings Education Allowances Home Purchase Scheme Housing Benefits Medical and Dental Benefits Insurance Premiums Official Entertainment Passages Publicity Expenses Recruitment Expenses Removal Expenses and Hire of Vehicles Subsidies for Staff Buses Miscellaneous 893 870 50 85 11,316 11,127 1,098 3,542 52,468 206,800 24,l I4 23.5% 1,496 2,241 500 515 9,546 16,023 2,270 2,583 1,438 2,270 706 725 589 660 420 (77) 106,904 270,960 30 26. RECONCILIATION OF FUNDING SURPLUS TO NET CASH INFLOW FROM UNIVERSITY OPERATIONS FUNDING SURPLUS ADJUSTMENTS Acquisition of Fixed Assets Disposal of Other Fixed Assets Interest and Investment Income Amount Transferred to Building Fund TOTAL ADJUSTMENTS NET FUNDING SURPLUS DECREASE/(INCREASE) IN STOCKS DECREASE JN PREPAYMENTS AND DEPOSITS DECREASE/(INCREASE) IN ACCOUNTS RECEIVABLE INCREASE/(DECREASE) IN THE UGC HOLDING ACCOUNT (DECREASE) IN ACCOUNTS PAYABLE AND ACCRUALS (DECREASE)/INCREASE IN RESERVES AND PROVISIONS NET CASH INFLOW FROM UNIVERSITY OPERATIONS 1999 $'000 297,642 112,957 410,599 319 5,587 25,332 2,309 (61,621) (3,142) (31,216) 1998 $'ooo 175,069 104,801 (28) (97,647) 164,586 171,712 346,78 I (45,834) 379,383 300,947 31 27. CAPITAL COMMITMENTS Capital Works Contracted for but Not Provided in the Financial Statements Government Funds Non-Government Funds 3,483 7,669 no 15,703 85,782 19,186 93,45 1 Capital Works Authorised but Not Contracted for Non-Government Funds 28. COMPARATIVE FIGURES 42,685 0 61,871 93.45 1 Certain comparative figures have been reclassified to conform to the current year's presentation.

32 INFORMATION ON UNIVERSITY COMPANIES Company Name Subsidiaries HKUST Properties Limited HKUST RandD Corporation Limited Affiliated Companies Nansha IT Park Foundation Limited Percentage of issued shares held by the University Principal Activities Direct Indirect 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 12.5% Note To manage the Nansha Information Technology Park To provide computer services for the higher education institutions in Hong Kong Joint Universities Computer Centre Limited Varsity Resources Corporation Limited Has ceased business and is undergoing a dissolution process Note : 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. 33

i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 固定資產 樓宇 在建工程 聯屬公司所欠貸款 投資 流動資產 流動負債 長期負債 樓宇基金 其他固定資產基金 一般基金

ii 特定基金 儲備及備付金 大學教育資助委員會撥款結算賬 大學教育資助委員會經常撥款 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浮現金流入之對賬 資本承擔 比較數字 大學從屬公司的資料

iii 香港科技大學 截至 1999年6月30日止年度 財務報表

1司庫報告 1998／99年度為1998 2001 三年撥款期的第一 年，政府在此三年撥款期削減10 的單位成本。 由於資源緊絀，大學已實行一系列抑制開支的 措施，包括通過自然流失削減非學術僱員、大 幅縮減非薪金項目開支及為高級教職員宿舍的 銀行貸款進行再融資等等。 1998／99年度的財政狀況顯示大學控制開支的措 施已初具成效。扣除儲備轉撥後，本年度之盈 餘會滾存以作穩定大學的財政狀況之用。本三 年撥款期的資源會越漸縮減，該筆盈餘可用來 應付未能預期的財政需求。 一般收支 本年度一般收入為 l,962,200,000元〔1997/98年 度為1,942,000,000元〕，大學從大學教育資助委 員會〔教資會〕所得的撥款包括：整筆撥款 1，436，000，000元Z為支付因跟隨公務員薪金調 整所產生的額外支出的薪酬調整增補撥款 72,000.000元為償付大學所支付的物業差餉及 地租的撥款47，000，000元。餘下的一般收入包 括 295,000,000元學費及112,000,000元其他收 入。 本年度一般開支為1,715,000,000元，較去年下 降超過 9 〔1997/98年度為 l,894,000,000元〕。 開支縮減主要是實行了抑制開支的措施，而部 分減幅是由於更改了教職員房屋福利的資源安 排。為節省長遠房屋福利開支，政府在年內為 教資會資助院校的教職員引進了一項居所資助 計劃。此計劃實施後，教職員的房屋福利開支 不再由整筆撥款支付，改在另外指定的房屋撥 款中開銷。 1,715,000,000元的一般開支包括：行政費用 144,000,000元〔8.4 〕；教學及輔助部門開支 1,126,000,000 元〔65.6%校舍保養費用 286,000,000元〔16.6 〕及其他開支 159,000,000 元〔9.4 〕。 扣除儲備／備付金轉撥後，本年度的一般收入 較一般開支多出 170,000,000元盈餘。根據教資 會的一般指引，此盈餘可滾存於本三年撥款期 的餘下二年中使用。

2指定撥款 大學獲教資會撥出共 183,000,000元的指定撥款 〔1997／98 年度為 160，000，00 元〕。其中， 103，000，000元用作研究活動，52,000,000元為 新增的教職員房屋福利撥款，剩餘的28，000，000 元用作其他指定活動，包括語文培訓、教學發 展及符合電腦二千年數位標準等等。 建設撥款-- 教資會共撥予大學55，000，000元的建設撥款 〔1997／98年度為 75，000，000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 建實驗室及設施，購置一般傢具及設備等等。 捐款、指定基金及其他營運基金 本年度捐款及指定基金的收入，加上利息及投 資收入共為 168，00，000 元，較去年增加 70，000，000元(1997／98年度為 98，000，000元〕。 增幅主要來自興建科大新翼的捐款及得自其他 資助機構的研究撥款持續增長。本年度收入中， 36 用於建設項目，39 用於研究活動，其餘25 用作奬學金、助學金及學生貸款基金等等。 大學從自籌資金活動及研究合約所得的其他營 運收入為 125,000,000 元〔1997／98 年度為 102,000,000元〕。 於1999年6月30日，捐款、指定基金及其他 營運基金的總結餘達 378,000,000元〔1997／98年 度為329,000,000元〕。

3建築項目 科大新翼已於 1999年 2月完工。從學術大樓伸 展擴建成的科大新翼，樓高六層，額外提供了 約6，000平方米建築面積的使用地方，建築費用 完全出自大學自籌資金。新翼為一系列計劃提 供了所需的空間。計劃包括應用研究及發展、 技術轉移、培訓行政人員、與中國合作交流及 國際項目等等。這些是大學為香港及整個區域 所提供的主要服務。 大學正在興建一座室內泳池連海洋海岸實驗 室，預計於2000年底前完成。 增建527個學生宿位的申請已呈交教資會，等 候批准。 儲備 於1999年6月30日，儲備總額為490,000,000 元〔1997／98年度為411,000,000元〕。大學會繼續 加强儲備以確保未來幾年財政的穩定性。 符合二千年數位標準 電腦二千年數位問題的處理已進入了最後階 段，經過多項測試及糾正，大學在財政年度終 結前宣佈所有關鍵的電腦系統都已符合電腦二 千年數位標準。大學為二千年問題而成立的工 作小組正集中對所有的應變計劃進行最後階段 的測試，以確保能順利過渡二千年。

4展望 為應付財政縮減而實行的抑制開支措施雖然初 見成效，但是大學并未因此而自滿。大學將繼 續嚴密控制本三年撥款期的開支，及不會忽視 2001 2004三年度的撥款可能被進一步縮減的情 況。此外，大學會繼續檢討及改進行政工作流 程，盡量減免繁瑣的工序、可省略的文字工作 及無增値作用的環節，使工作更具成效，更有 效率，並能帶給員工更多{????}炤P。 大學將繼續努力，妥善分配不斷縮減的資源， 以確保大學高素質教學、研究及社會服務的宗 旨不受影響。

大學司庫 劉華森博士，太平紳士 1999年11月11日

5核數師報告書 德勤．關黃陳方 會計師行 致：香港科技大學校董會 本核數師行已完成審核刊於第7頁至第 32頁的財務報表，該等財務報表乃按照香 港普遍採納之會計原則編製。 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，及有否貫徹應用並足夠地披露 該等會計政策。

6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均眞實與公平 地反映香港科技大學於 1999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。 -- 德勤．關黃陳方會計師行 香港執業會計師 1999年11月11 日

7資產負債表 1999年6月30日 固定資產 聯屬公司所欠貸款 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 其他固定資產基金 一般基金 特定基金 儲備及備付金 大學教育資助委員會撥款結算賬 資金總額 校董會於1999年11月11日核准本財務報表 劉華森 大學司庫 吳家偉 校長 黃世邦 財務處處長

8 收支報表 截至 1999年6月 30日止年度 一般收入 大學教育資助委員會經常撥款 各項收費 利息及投資收入 自教職員收回之租金 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 轉撥至大學教育資助委員會往來賬 轉撥至儲備備付金 轉撥至一般基金 轉撥至特定基金 轉撥至大學教育資助委員會撥款結算賬之盈餘人虧絀〕

9 現金流動表 截至1999年6月30日止年度 大學營運淨現金流入 指定留本基金之資本淨流入 投資回 融資服務 利息及投資收入 銀行貸款之利息支出 投資回報及融資服務淨現金流入 投資活動 於三個月後到期之銀行存款〔增加〕／減少 購買固定資產之款項 出售其他固定資產之收入 投資於全資附屬公司 購買投資之款項 聯屬公司償還之貸款 投資活動浮現金流出 融資前淨現金〔流出流入

10 現金流動表〔續〕 截至1999年6月 30日止年度 融資 已動用銀行貸款 償還銀行貸款 融資淨現金流出 現金及等同現金之減少增加 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

11 財務報表附註 1999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。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 附屬公司的投資是按成本及扣除如 有永久減値時之撥備入賬。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。 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。

12 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 捐款按應計基準入賬。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。

13 其他固定資產 其他固定資產之成本，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其他固 定資產基金。其他固定資產按直線 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 其他固定資產包括由香港科大教育 信託基金所授予之資產。由融資租 賃之資產會以租賃時最低付款額之 現値資本化入賬，並以上述方式， 或按融資租賃期，兩者之中較短者 計算折舊。 投資 上市及非上市投資按成本及扣除如 有永久減値時之撥備入賬。 存貨 自籌資金業務持作轉售之存貨按成 本及可變現淨値兩者較低者入賬。 成本是以平{????}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 內撤銷。 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。

14 固定資產 其他固定資產 計算機、 影音、保養、 教學及 體育設備-- 傢具及其他設備 車輛 樓宇 在建工{????}成本 於1998年6月30日 添置／調整 轉撥自在建工程 轉撥至樓宇 出售／撤銷 於1999年6月30日 折舊 於1998年6月30日 本年度計算之折舊 出售／撇銷 於1999年6月30日 賬面淨値 於1999年6月30日 於1998年6月30日

15 樓宇 成本 COST 於l998年6月30日 添置 轉撥自在建工程 於1999年6月30日 折舊 1998年6月30日 本年度計算之折舊 於1999年6月30日 賬面淨値 於1999年6月30日 於1998年6月30日 校園建設成本由香港賽馬會(60%) 香港政府(40%)支付。 大學取得教會批淮，以銀行貸款資金增建高級職員宿舍。研究生宿舍,大學中心。 科大新翼和香港賽馬會生物科技研究所建設資金主要來自捐款及大學發展基金 樓宇之賬面淨値由樓宇基金銀行貸款及應付賑代表及支付 高級教職員宿舍 校園 研究生宿舍及大學中心 香港賽馬會生物科技研究所 科大新翼 --

16 在建工程 成本 添置凋整 於1998年6月30日 轉撥至樓宇 於1999年6月30日 聯屬公司所欠貸款 高校匯智有限公司 香港賽馬會生物科技研究所 室內泳池海洋海岸實驗室 環境岩土工程研究設施 增建學生宿舍 露天小劇院 總計

17 投資 投資經理所作之上市投資成本値〔附註幻 非上市投資成本値 存於投資經理之債券及現金銀行存款〔附註a〕 大學聯合電腦中心1股面値500港元之股份 高校匯智有限公司〔附註b〕50,000股每股面値1港元之股份 於全資附屬公司之投資成本値 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9,000,002股每股面値1港元之股份 投資經理所作之上市及非上市投資於1999年6月30日之市値為港幣583,790,000元(1998: 港幣544,860,000元)

高校匯智有限公司已經停業 公司進行解散程序, 整筆投資經已撇銷 大學之附屬公司資料列於第33頁 大學應佔未綜合附屬公司之純利如下 列人大學之財務報表 無列人大學之財務報表 -- --

18 流動資產 存貨 預付款項及按金 應收賬款 銀行存款 銀行及現金結餘 於三個月內到期 於三個月後到期 其他銀行及現金結餘 流動負債 應付賬款應計費用 銀行貸款〔一年內到期〕 退職金〔一年內到期〕 薪酬調整之補薪 其他應付賬款及應計費用 大學教育資助委員會往來賬 薪酬調整增補撥款之盈餘 指定撥款之盈餘 未收之薪酬調整增補撥款

19長期負債 銀行貸款〔附註〕 7月1日之結餘 於年內動用之貸款 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

大學與恒生銀行有限公司分別於1994年及1995年簽訂兩份興建第IIA期及第IIB期高級職員宿 舍貸款合約

及東亞銀行有限公司1995年簽訂一份興建研究生宿舍及大學中心貸款合約 於1998年6月30日 大學將兩項

興建高級教職員宿舍貸款合併 并與恒生銀行有限公司安排再融資 還款期八年 新訂立合約要求大學必

須於恒生銀行存人等同所欠貸款額之銀行存款 銀行貸款之最終清償日期 恒生銀行有限公司 東亞銀行有限公司 樓宇基金 1998年6月30日之結餘 添置／撇銷折舊 添置

撤銷折舊 1999年6月30日之結餘

20 其他固定資產基金 1998年6月30日之結餘 添置撇銷折舊 添置 撇銷折舊 1999年6月30日之結餘 於1999年6月30日之其他固定資產基金結餘乃代表其他固定資產之賬面淨値其資金來源 政府資金 非政府資金 累計成本値 累計折舊 一般基金 一般捐款 大學發展基金 部門自由調度基金 總計 己轉撥款額 收人 開支

21 特定基金 校舍的改建、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〔附註2〕 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 符合職業安全及健康條例和規例 符合電腦二千年數位標準 建設撥款 基本教學用途設備 第一期 基本教學用途設備 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 傢具及一般設備 微電子製造中心 專用設備及設施 其他 附註 未動用之結餘會轉至下個財政年度，1999年6月30日之不足將於下個年度在大學教育資助委員會撥予大學之經費中對銷

一項未完成並有剩餘資金港幣1,809,000元的教育發展撥款資助項目於年中轉移絡香港大學 該筆款額已支付香港大學及於開支

報銷

22 特定基金〔續〕 指定捐款及留本基金經常賬 指定基金 奬學及助學基金 學生貸款基金 指定留本基金經常賬 建設項目 其他營運基金 指定留本基金資本賬 總計

23 儲備及備付金 與樓宇有關之儲備 與樓宇無關之儲備 與教職員有關之儲備 合約訂明之旅費 退職金 代假期金 學生宿舍 一般 傢具及設備 大型重新裝修 兌換平衡賬 研究項目備付金 總計 轉撥自(至〕一般 特定基金之款額 己動用款額 - 轉撥自一般特定基金之港幣184,147,000元款額包括港幣101,562,000 元轉撥自一般開支,港幣76,458,000元轉撥自收人高於開支餘額 及港幣6,127,000元轉撥自過多備付金

24 大學教育資助委員會撥款結算賬 1998年6月30日之結餘 1998/99年度之經常賬 1999年6月30日之結餘 -{????}{????}

根據整筆撥款安排 大學教育資助委員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 會列人大學教育資助委員會撥款結算賬 於1999年6月30日之結餘 (即一般收人高於動用轉撥

實際金額之數額)將予結轉, 留作三年度餘下年度之用 本結算賬於三年度完結時如有盈餘 一般將會轉撥至大學

教育資助委員會往來賬 並退還予大學教育資助委員會

25 大學教育資助委員會經常撥款 整筆撥款 大學教育資助委員會經常撥款 小型工程之增補撥款 研究生之增補撥款 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

26 特定收支 收入 指定撥款 建設撥款 捐款及指定留本基金收入 其他營運收入 開支 自指定撥款撥出之開支 自建設撥款撥出之開支 自捐款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

27 一般開支 行政 薪金及退職金/公積金 高級教職員 薪金及退職金／公積金 其他職員 核數及法律費用 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 一般開支 教學 教學部門 薪金及退職金／公積金 高級教職員 薪金及退職金公積金 其他職員 傢具及設備 一般辦公室／實驗室費用 研究生助學金

圖書館

薪金及退職金／公積金 高級教職員 薪金及退職金人士積金 其他職員 書籍釘裝 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

8一般開支 教學〔續〕 研究撥款 計算機設施 教學輔助中心 先進工程材料實驗所 動物養殖實驗所 應用技術中心 海岸與大氣研究中心 教學促進中心 實驗用品供應部 中電風洞實驗所 電腦輔助工程實驗所 院長辦公室 教學技術中心 機電服務組 岩土工程離心機實驗所 玻璃吹製服務組 工業培訓中心 環境及持續發展研究所 語言中心 氦氣液化服務組 材料測製實驗所 微電子製造實驗所 研究經費統籌處 植物培育實驗所 研究中心 技術轉移中心 副校長辦公室〔學術〕 副校長辦公室〔研究及發展〕

29 一般開支 校舍保養 薪金及退職金／公積金 高級教職員 薪金及退職金／公積金 其他職員 保險費 清潔費用 傢具及設備 一般辦公室費用 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 水電煤費用 一般開支一般教育 與中國的學術交流 收生費用 諮詢委員會會議評審 東亞研究型大學協會及歐洲研究所及德國中心 藝術中心 顧問 職務探訪及教職員培訓 考試費用 加入國際教育聯會之費用 工作坊及研討會

30 一般開支 學生事務及福利設施 給予學生組織之撥款 體育設施 學生事務處 學生保健 一般開支 其他 畢業典禮費用 顧問委員會／校董會會議 教育津貼 自置居所計劃 房屋福利 醫療及牙科福利 保險費 交際費 旅費 宣傳費用 招聘費用 搬遷及租用車輛費用 校巴津貼 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 購買固定資產 出售其他固定資產 利息及投資收入 轉撥至樓宇基金之款項 調整總額 資金盈餘淨額 存貨之減少增加 預付款項及按金之減少 應收賬款之減少〔增加〕 大學教育資助委員會往來賬之增力減少 應付賬款及應計費用之〔減少〕 儲備及備付金之〔減少)增加 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 政府資金 非政府資金 已獲授權但尚未簽約之建設工程 非政府資金 比較數字 若干比較數字已重新分類，以配合本年度之呈報方式。

33 大學從屬公司的資料 公司名稱 大學持有股本百分率 主要活動 直接持有 間接持有 附團公司 香港科大地產有限公司 香港科大研究開發有限公司 不活動 聯屬公司-- 南沙資訊科技園區基金有限公司 大學聯合電腦中心 高校匯智有限公司 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 附註 管理南沙資訊科技園區 為香港之高等教育院校提供電腦服務 經已停業，公司正進行解散程序 南沙資訊科技園區基金有限公司為一間無股本擔保有限公司 此基金有兩名成員:香港科大研究閞發有限公司

及霍英東基金有限公司