Financial Statements for the Year Ended 30 June 2003

Abstract

[evdate 2003-06-30] Financial Statements For the Year Ended 30 June 2003 The Future in the Making 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 Property and Equipment Buildings Construction-in-progress 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 Information on University's Subsidiaries and Jointly Controlled Entities THE HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2003 TREASURER'S REPORT The financial year 2002/03, the second year of the triennium 2001-04, ended with a deficit of some $14 million, generally in line with the triennial plan for block grant funded activities. The University continued to strive to maintain its high-quality teaching and research activities while keeping costs down. In accordance with guidelines laid down by the University Grants Committee (UGC), the deficit will be transferred to the UGC Triennium Equalization Account together with the surplus of some $17 million brought forward from 2001/02. General Income and Expenditure General income for the year was $1,716 million (2001/02: $1,712 million). There were significant improvements on investment returns ($31 million in 2002/03 vs $5 million in 2001/02). However, the increase was offset by a reduction in the recurrent grant from UGC, mainly due to a downward cost-of-living revision of salaries in line with those of the civil servants. Total income received from the UGC amounted to $1,386 million (2001/02: $1,406 million), the largest part being the block grant ($1,351 million). The remainder of general income, $330 million, included $291 million arising from tuition and other fees, and $31 million arising from interest and investment income. General expenditure for the year was $1,729 million (2001/02: $ 1 ,695 million), the increase being primarily due to additional spending on the acquisition of academic equipment. Of the total expenditure, $1,225 million or

70.9% was for Academic Departments and Academic Support Centers, $262 million or 15.1 % for Maintenance of Premises, $136 million or 7.8% for Administration, and $106 million or 6.2% for other items. Earmarked Grants The University received from the UGC a total of $285 million (2001/02: $280 million) in earmarked grants. Of this, $118 million was earmarked for research activities and $129 million was earmarked for staff housing arrangement under the Government Home Financing Scheme. Capital Grants A total of $92 million (2001/02: $93 million) was received from the UGC in the form of capital grants. These grants were for the acquisition of specialist equipment and facilities and the construction of a new student hostel for 527 places. Donations, Designated Funds and Other Operating Funds Income from donations and designated funds amounted to $111 million (2001/02: $89 million); and other operating income generated from self-financing activities and research contracts showed a total of $245 million (2001/02: $210 million). As at 30 June 2003, the total fund balance of donations, designated funds and other operating funds stood at $585 million (2001/02: $577 million). Building Projects The new student hostel with 527 places will be ready for occupation in the near future. The University is very thankful to the Hong Kong Jockey Club Charities Trust which has pledged a contribution of some $19 million towards the construction cost. Reserves As at 30 June 2003, the reserves and provisions stood at $792 million (2001/02: $777 million), of which $632 million (2001/02: $630 million) formed the General and Development Reserves.

Accounting Practices The University, as well as all UGC-funded institutions, currently adopts the Statement of Recommended Practice (SORP) in preparation of its financial statements. The SORP closely follows the Hong Kong Generally Accepted Accounting Practice (GAAP). Notwithstanding this, and with a view to ensuring that the accounting practices of local tertiary institutions accorded more closely with international standards and modem accounting requirements, a task force of the Finance Offices of the eight institutions has recommended that the Hong Kong GAAP be adopted by the institutions. Subject to the approval of the Council, the University will prepare its financial statements in compliance with the Hong Kong GAAP from 2003/04 onwards. Outlook The Government has accepted many of the recommendations contained in the UGC"s Report on Higher Education in Hong Kong (the 'Sutherland Report The adoption of those recommendations, and the prospect of significant reductions in funding in the years ahead, will present significant challenges. The University will continue to uphold its mission and vision at this strategic juncture. SIGNED Tim T.L. LUI Treasurer of the University 7 November 2003 3 AUDITORS' REPORT Certified Public Accountants 26/F, Wing On Centre 111 Connaught Road Ccntral Hong Kong Tel : (852) 2852 1601) gig: (852321352 1600 Fax:(852)2541 1911 @#a: (X52)2541 191 I mail~deloitte.com.hk mail(~deloitb.com.hk www.deloitte.com.hk ww~.deli,itc.com.hk Deloitte Touche Tohmatsu 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. It is our responsibility to form an independent opinion, based on our audit, on those financial statements and to report our opinion solely to you, as a body, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report. 4 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 2003 and of its results and cash flows for the year then ended. SIGNED Deloitte Touche Tohmatsu Certified Public Accountants HONG KONG 7 November 2003

Balance Sheet as at 30 June 2003 Property and Equipment Investments Current Assets Less : Current Liabilities Net Current Assets 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 7 November 2003 SIGNED Tim T.L. LUI Treasurer of the University The accompanying notes are an integral part of the financial statements BALANCE SHEET AS AT 30 JUNE 2003 Note

2003 - $"ooo 3,553,992 751,342 663,517 4,968,851 (159,000) 4,809,851 2002 - $"ooo 3,568,642 r 611,692 735,875 4,916,209 ( I 77,000) 4,739,209 in 3,062,436 I 1 165,660 I2 101,279 13 6 8 4.9 5 7 14 792,463 I5 3,056 4,809,851 3,046 I 7 167,646 104,304 626,751 776,545 EiFS SIGNED Paul C.W. CHU President SIGNED Philip S.P. WONG Director of Finance 6 INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 30 JUNE 2003 GENERAL INCOME UGC Recurrent Grant Fee Income Interest and Investment Income Miscellaneous Income SPECIFIC INCOME Note 16 17 18

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 from / (to) General Funds Transferred to Specific Funds (DEFICIT) / SURPLUS TRANSFERRED TO THE UGC TRlENNIUM EQUALIZATION ACCOUNT

The accompanying notes are an inregral part of the financial statements. 19 20 21 22 23 24 18 - 2003 $"ooo 1,385,529 291,293 3 1,296 8,033 1,716,151 732,170 2,448,321 135,508 1,225,436 261,634 1,148 37,640 69,365 1,730,731 1,422 1,729,309 674,008 2,403,317 1,406,293 1,711,849 670,666 2,382,515 1,200,373 1,697,809 1,695,488 612,688 2,308.1 76 45,004 74,339

(3,905) ( 12,024) 14,749 (3,794) (69,838) (41,475) (13,990) 17,046 CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2003 Note $"ooo $"ooo OPERATING ACTIVITIES Net Cash Inflow from University Operations Interest and Investment Income / (Loss) NET CASH INFLOW FROM OPERATING ACTIVITIES INVESTING ACTIVITIES (Increase) / Decrease in Bank Deposits Maturing after Three Months Payments to Acquire Property and Equipment Receipts from Sales of Equipment Investment in a Jointly Controlled Entity Payments to Acquire Bonds Redemption of Certificates of Deposit Decrease in Funds with Investment Managers NET CASH (OUTFLOW) / INFLOW FROM INVESTING ACTIVITIES NET CASH (OUTFLOW) / INFLOW BEFORE FINANCING 137.546 164,642 -v (165,175) (173,093) (l40,2 14) 5,010 814 33,218 (336.644) 38,744 (199,098) 203,386 8 CASH FLOW STATEMENT (Cont'd) FOR THE YEAR ENDED 30 JUNE 2003 BEE - 2003 - 2002 - Note s'ooo $'ooo FINANCING ACTIVITIES Repayment of Bank Loans Bank Loan Interest Paid Endowments Received Income Received for Construction Projects NET CASH INFLOW I (OUTFLOW) FROM FINANCING ACTIVITIES (DECREASE) I 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 EQUNALENTS Bank Deposits Maturing within Three Months Other Bank and Cash Balances The accompanying note are on integral part of the financial statements 28,489 (16.73 I ) (170,609) 186,655 949,864 763,209 779,255 949,864 781,152 959,522 (1,897) (9,658) 779,255 949,864

NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2003 I. 2. 2.1 2.2 10 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 investments in subsidiary companies are stated at cost, as reduced hy 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. 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.

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 20% per annum Furniture and other equipment 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.

3. PROPERTY AND EQUIPMENT COST As at 30 June 2002 Additions Transfers from Construction- in-progress Transfers to Buildings Disposals / Written Off As at 30 June 2003 DEPRECIATION As at 30 June 2002 Charged for the Year Disposals / Written Off As at 30 June 2003 NET BOOK VALUE As at 30 June 2003 As at 30 June 2002 Equipment Computing, Audio / Visual, Maintenance, Teaching and sports Furniture and other Equipment Construction in-progress ? Motor Vehicles Buildings $'ooo s'ooo s'ooo (WtL4) (Note 4) 4,162,192 3,140 4,203 4,169,535 (m5) (Note 5) 80,723 5,708 1,284,854 (48,558) (5,409) 1,327,581 299,321 5,772,405 165,757 4,203 (4,203 (55,294 5,882,868 861,926 0 3,827 1,172,422 290,701 2,328,876 3,307,609 80,723 1,881 155, I59 8,620 3,553,992 3,383,656 17,340 1,569 155,397 10,680 3,568,642 13 4. BUILDINGS COST As at 30 June 2002 Additions Transfers from Construction-in-progress As at 30 June 2003 DEPRECIATION As at 30 June 2002 Charged for the Year As at 30 June 2003 NET BOOK VALUE As at 30 June 2003 As at 30 June 2002 Senior Staff Senior Staff Quarters Academic Phases IIA $'ooo s'ooo (rn) (Note) m* Graduate Residence and University (Note) 3,513,509 426,043 229,983 4,169,535 765,265 64,525 32,136 861,926 2,748,244 361,518 197,847 3,307,609 2.81 1,170 370,039 202,447 3,383,656 The construction of the Senior Staff Quarters (SSQs) and the Graduate Residence 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 payment were drawn from the UGC Recurrent Grant for repayment. As at 30 June 2003, the outstanding internal loan balance was HK$157 million. In view of the anticipated severe reductions of UGC Recurrent Grant from 2004/05 onwards, the Administration has decided to repay the remaining internal loan with surplus non-UGC income. On 1 July 2003, a partial repayment of HK$142 million was made, thereby reducing the loan balance to HK$15 million.

Details of bank loan for the GRUC was set out in note 9.

5.CONSTRUCTION-IN-PROGRESS COST As at 30 June 2002 Additions Transfers to Buildings As at 30 June 2003 Additional Student Residences 11,950 64,347 Alterations, Additions & Improvements Works to the Academic Complex 2,204 2,222 16,291 4,426 0 80,723

6. INVESTMENTS 2002 S'OOO 2003 $'ooo - Funds with Investment Managers at Cost (Note a) Listed Investments Unlisted Investments, Bonds and Cash / Bank Deposits Investment in Jointly Controlled Entity a t Cost PKU-HKUST Shenzhen-Hong Kong Institution Investments in Wholly-owned Subsidiaries at Cost HKUST College of Lifelong Learning Limited 2 shares of HK$1 each HKUST Properties Limited 2 shares of HK$1 each Hong Kong University of Science and Technology R and D Corporation Limited 10,000,002 shares of HK$1 each Other Investments Held-to-maturity Securities at Amortised Cost Bonds Certificates of Deposit / Floating Rate Notes Others Joint Universities Computer Centre Limited 1 share of HK$500 Notes : a. The market value of funds with investment managers as at 30 June 2003 was HK$601.103 million (2002 : HK$545.443 million).

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

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

Previous Years 2003 Since Acquisition s'ooo Dealt with in the Financial Statements of the University Nor dealt with in the Financial Statements of the University 16 562,637 563,451 9,430 9,430 139,334 29,940 28,810 7. CURRENT ASSETS Stocks Prepayments and Deposits Deferred Charge (Note a) Accounts Receivable Bank and Cash Balances Bank Deposits Maturing within Three Months Maturing after Three Months Other Bank and Cash Balances (Note b) Total Notes: The University restructured the Staff Superannuation Scheme, whereby staff members were allowed to switch from a defined benefit plan to a defined contribution plan. Part of the restructuring charges amounting to HK$50.9 million is to be amortized over 5 years. The balance of HK$40.897 million represented the unamortized amount as 30 June 2003.

Other bank and cash balances included cheques issued but not yet presented for payment. There was no physical overdraft at 30 June 2003.

- 2003 - 2002 $'ooo $'ooo 539 502 14,748 10,955 40,897 0 38,208 27,061 80,154 861,306 (1,897) 859,409 1,007,524 997,866 953,801 1,036,384 8.

CURRENT LIABILITIES Accounts Payable and Accruals Gratuities (Due Within One Year) Other Accounts Payable and Accruals Bank Loans (Due Within One Year) UGC Holding Account Total 2003 - 18,000 46,471 224,004 - 2002 s'M)o 15,500 50,435 229,758 288,475 1,809 295,693 4,816 290,284 300,509

9. LONG-TERM LIABILITIES - 2003 - 2002 Bank Loans (Note) Balance as at 1 July Repayment during the Year 177.000 206,000 Amounts Repayable within One Year Transferred to Current Liabilities Balance as at 30 June 159,000 177.000

Note 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 2002 Additions / Depreciation Written Off Depreciation Written Off Additions Balance as at 30 June 2003 3,046,917 98,909 (83,390) 3,062,436

11. CAPITAL FUND Balance as at 30 June 2002 Additions / Depreciation Written Off Additions Depreciation Written Off Balance as at 30 June 2003 (Note) 167.646 39.737 (41,723) 165,660 Note : The balance included HK$1,033.000 (2002: HK$2,770,000) being net book value of equipment conferred by the HKUST Educational Trust.

12. GENERAL FUNDS Amount Transferred In/(Out) lncome Expenditure 2003 General Donations University Development Fund Departmental Fund HKUST Foundation TOTAL (Note) 22,583 0 1,500 10 24,073 68,312 6,911 (986) 15,229 59,008 12,408 5,153 1,177 1,555 17,183 1,001 (340) 354 0 1,015 104,304 1 1,724 2,045 16,794 101,279 Note : The negative income was attributable to investment losses 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 Redevelopment of Joint Institution Job Information System Funding Support for a Feasibility Study on Common Reporting Format of Graduates' Language Proficiency Interface Projects 2000 Funding Support for Student Exchange Programmes Funding for Institutional Advancement Projects Employers' Forum Capital Grants Specialist Equipment and Facilities Student Hostel (527 places) Others Dangerous Goods Stores Microfabrication Center - 2002 5'ooo (1,487) 162,456 486 1,422 368 436 16,339 223 34 Transferred Amount In/(Out) Income Expenditure 2003 The unspent balances and shortfalls as at 30 June 2003 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.

s'ooo $'ooo $'ooos'ooo 10,929 117,823 9,000 6,446 128,164 1,163 2,898 3,646 5,796 101,328 178,951 9,076 410 3,694 4,174 128,836 (304) 746 853 9,757 9,480 (18) 241 0 34 3,121 0 0 2,325 796 n 0 5,000 1,81 I 3,189 0 0 2,500 626 1,874 0 0 598 0 598 183,398 0 284,521 261,827 206,092 350 0 (350) 0 0 336 0 (169) 59 108 (27,914) 0 46,712 18,798 0 (1,711) 0 45,900 49,072 (4.883) 9 0 0 9 0 (28,930) 0 92,093 67,938 (4,775)

13. SPECIFIC FUNDS (Cont鏆) Amount Transferred - 2002 In/(Out) Expenditure - 2003 Designated Research Funds. Donations and Endowment Recurrent Accounts Designated Research Funds Designated Donations Scholarships and Bursary Funds Designated Endowment Recurrent Accounts Capital Projects Other Operating Funds 118,804 5,149 82,640 94,909 I 1 1,684 20,889 0 3,264 5,741 18.412 10,984 (12) 16,018 13,819 13,171 9.01 I (5,213) 483 1,659 2,622 24,082 2,876 6,621 21,714 11,865 183,770 2,800 109,026 137,842 157,754 245,918 (19,541) 244,485 189,607 281,255 - 42,595 278 1,758 0 44,631 Designated Endowment Capital Accounts TOTAL 626.75 1 (16,463) 731,883 657,214 684,957

14. RESERVES AND PROVISIONS General Furniture and Equipment General and Development Reserve Student Residential Halls Major Redecoration Exchange Equalization Reserves for Research Projects and Others - 2002 629,580 25.301 12.953 13.081 51.335 2.000 34,372 59.258 Amount Transferred from / (to) General Specific Funds - 2003 Amount Expended 0 2,884 632,464 0 3,073 54,408 0 0 2,000 0 1,022 35,394 Provisions for Staff-related Expenses M8 776.545 70,167 86,085 792,463 TOTAL (Note) The total amount of HK$86,085,000 transferred from general /specific funds included HK$79,106,000 from general expenditure, HK$3,905,000 from excess of income over expenditure, and HK$3,074,000 from over-provision of outstanding commitments.

15. UGC TRIENNIUM EQUALIZATION ACCOUNT Balance as at 30 June 2002 Recurrent Account. 2002/03 Balance as at 30 June 2003 17,046 (13,990) 3,056 Under the block grant arrangement, the difference between funds released by the UGC pIus 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 2003 representing the cumulative excess of the General Income over actual spending / transfers, is to be carried forward for use in the remaining year of the triennium. At the end of the triennium, any surplus in excess of the allowed general

reserve limit will normally be transferred to the UGC Holding Account and refunded to the UGC ,

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

1,350,560 1,334,995 16,432 49,745 18,537 21,553 1,385,529 1,406,293 2002 2003 -

29 1.293 2 9 0,8 0 7 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 FROM /(TO) GENERAL FUNDS TRANSFERRED TO SPECIFIC FUNDS - 2003 s'ooo 284,521 92,093 110,880 244,676 732.170 261,827 61,938 137,852 206,391 - 2002 s'ooo 279,544 92,758 88,637 209,727

670,666 273,035 90,690 100,706 148,257 674,008 612.688 58,162 (3.073) 14,749 (69,838) 57,978 (12,709) (3,794) (41,475) Notes: Donations included HK$7,888,359 (2002: HK$4,763,343) from The Hong Kong Jockey Club Charities Trust.

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19. GENERAL EXPENDITURE - ADMINISTRATION Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Senior Staff

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

Audit and Legal Fees Consultancies Duty Visits and Staff Development Financial Charges Furniture and Equipment General Office Expenses Official Publications Vehicle Running Expenses Workshops and Seminars 2003 $'ooo 45,585 82,948 1,494 111 549

127 637 1,908 1,173 972 4 2002 46,135 82,209 1,036 1,670 944 196 744 1,830 1,241 992 $'ooo 481 135,508 138,078

20.GENERAL EXPENDITURE - ACADEMIC - 2003 s'ooo - 2002 s'ooo 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 /Laboratory Expenses Postgraduate Studentships Research Grants Workshops and Seminars 539,084 120,123 623 3,952 11,156 21,264 113,336 22,728 429 838,695 13,561 414 3,205 4,240 31,873 105.509 26,836 580 838,049

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20. GENERAL EXPENDITURE - ACADEMIC (Cont'd) - 2003 2002 Library

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

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

Book Binding Consultancies Duty Visits and Staff Development Furniture and Equipment General Office / Laboratory Expenses Library Books and Periodicals Library On-line Search

Information Systems /Technology Services Centers Salaries and Gratuities / Superannuation / Mandatory Provident Fund - Senior Staff

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

Computer Software Consultancies Duty Visits and Staff Development Furniture and Equipment General Office / Laboratory Expenses 1,326 4,132 5,343 58,204 1,366 892 6,046 56,046 27 20. GENERAL EXPENDITURE - ACADEMIC (Cont'd) Academic Support Centers 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 / Laboratory Expenses Industrial Training Expenses Workshops and Seminars 2003 $'ooo 2,574 1,266 28,855 14,772 5,409 253,012 2002 - $'ooo 1,950 1,460 7,701 14,890 5,420 228,464 1,225,436 1,200,373 21. 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 / Laboratory Expenses Insurance Premiums Minor Works Rates and Government Rent Repairs and Maintenance Security Expenses Staff Uniforms and Laundry Utility Charges

22. GENERAL EXPENDITURE - GENERAL EDUCATION Academic Exchanges with China Advisory Committees Meetings /Accreditation Center for the Arts International Programs Subscriptions to International Education Associations - 2003 - 2002 $'ooo $'ooo 16,544 16,786 101,025 100.462 8.480 8,384 404 382 409 454 6,874 7.612 1,086 1,338 2,830 1,251 6,627 6.406 18,537 21.553 39,228 23,942 4,901 5,446 248 225 54,441 53.091 261,634 247,332 - 2003 - 2002 s'ooo $'ooo I76 339 594 1,145 274 937 37 49 67 216 1,148 2,686 23. 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 Grants to Student Bodies / Student Activities Honorarium for Hall Wardens Physical Education Facilities Student Health Others 24. 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 Miscellaneous - 2003 14.431 16.476 103 1,188 430 1,106 347 386 3,087 86 - 2002 14,751 16,469 97 924 407 1,018 346 242 3,085 I25 37.640 37.464 2003 499 735 41 14,341 11,366 4.857 22.492 513 9.535 1,320 1,766 640 1,260 - 2002 617 743 64 13,837 13,041 4,311 22.357 504 10.394 2,655 2,043 766 544 69,365 71.876 25. RECONCILIATION OF FUNDING SURPLUS TO NET CASH INFLOW FROM UNIVERSITY OPERATIONS FUNDING SURPLUS ADJUSTMENTS Income for Construction Projects Acquisition of Property and Equipment Disposal of Equipment Interest and Investment (Income) / Loss Amount Capitalised against Building Fund Amortization of (Discount) / Premium on Held-to-maturity Securities Interest Expense on Bank / Internal-Loan-Funded-Buildings TOTAL ADJUSTMENTS NET FUNDING SURPLUS (INCREASE) / DECREASE IN STOCKS INCREASE IN PREPAYMENTS AND DEPOSITS INCREASE IN ACCOUNTS RECEIVABLE (DECREASE) I INCREASE IN THE UGC HOLDING ACCOUNT DECREASE IN ACCOUNTS PAYABLE AND ACCRUALS INCREASE I (DECREASE) IN PROVISIONS FOR STAFF-RELATED EXPENSES NET CASH INFLOW FROM UNIVERSITY OPERATIONS - 2003 $'ooo 45,004 (59,643 165,175 (83 (24,033 (250 7,560 28,183 1 1 6,909 161,913 (37) (3,793) (37,414) (3,151) (8,023) 8,939 (43,479) 2002 - s'ooo 74,335 (4.216 173,093 2,141 11,258 27,880 209,835 284,174 (610) (3,467) 16,855 (78,845) (48,221) ( I 14,263) 118,434 169.91 I 31 26. CAPITAL COMMITMENTS Capital Works Contracted for but Not Provided in the Financial Statements 2002 - - 2003

43,308 96,393 Capital Works and Purchase of Equipment Authorised but Not Contracted for 45,204 96,393

INFORMATION ON UNIVERSITY'S SUBSIDIARIES ANDJOINTLY CONTROLLED ENTITIES Company/ Entity Name Subsidiaries HKUST College of Lifelong Learning Limited Hong Kong University of Science and Technology R and D Corporation Limited Jointly Controlled Entities Information Technology Entrepreneurs Association Limited Nansha IT Park Foundation Limited Nansha Technology Investments Limited PKU-HKUST Shenzhen-Hong Kong institution IRE (Shenzhen ) High-Tech Investment Co. Ltd. Percentage of issued shares / controlling interests held by the University Direct 100% 100% 100% d) (Note a) 33% (WEE d) (Noted) Principal Activities Indirect 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 contract for research, development and consultancy; to market and commercialize the University's intellectual properly: to assist the establishment and growth of technology-based star-up companies; to manage a venture capital fund To promote and to provide entrepreneurial training in the area of Information Technology for young entrepreneurs in Hong Kong (Note a) To plan, invest in and direct the development of Nansha Information Technology Park Instrument to directly invest in a mainland based Joint Venture to construct, develop and operate 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

a. 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.

b. Nansha IT Park Foundation Limited is a company limited by guarantee and not having a share capital. This foundation has two members: Hong Kong University of Science and Technology R and D Corporation Limited and Fok Ying Tung Foundation Limited.

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

d. 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.

e. IRE (Shenzhen) High-Tech Investment Co. Ltd. Is a wholly-owned subsidiary of the PKU-HKUST Shenzhen {????}ong Kong Institution.

財務報表 截至2003年6月30日止年度 求進 求新 創未來 香港科技大學

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

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 2002／03年度為 2001-04三年撥款期的第二年， 全年虧絀為14，000，000元，大致符合整筆撥款資 助的活動的三年撥款期計劃。大學盡力保持高質 素的教學與研究活動并繼續降低成本。根據大學 教育資助委員會〔教資會〕所定的指引，本年度虧 絀將轉撥至教資會撥款結算賬，與2001／02年度 所滾存之 17，000，000元盈餘並合結算。 一般收支 本年度一般收入為 l，716，000，000元〔2001／02年 度為 l，712，000，000元〕。其中，投資回報增幅頗 為顯著〔2002／03年度為 31，000，000元，2001／02 年度為5，000，000元〕。但另一方面，由於生活指 數下降，教資會的撥款跟隨公務員薪金的削減幅 度而下調，投資收入增幅因此受到一定的抵銷。 本年度來自教資會的撥款共 l，386，000，000元 〔2001／02年度為1，406，000，000元〕，主要包括整 筆撥款l，351，000，000元。其餘之一般收入為 330，000po0元，包括學費及雜費291，000，000元 及利息與投資收入引，000，000元。 本年度一般開支為 l，729，000，000元〔2001／02年 度為l，695，000，000元〕，增幅主要是由於額外添 置學術設備。一般開支包括：教學及輔助部門開 支1，225，000po0 元〔70 9 〕；校舍保養費用 262，叩0，0叩元〔15 1叨：行政費用136，叩0，叩0元 〔7 8 〕及其他開支 106，000加0元〔6 2 〕。 指定撥款 大學獲教資會撥出共285，000，000元的指定撥款 〔2001／02 年度為 280，000，000 元〕。其中， 118，000，000元用作研究活動，129，000，000元則 用於為教職員所設之政府居所資助計劃。

2 建設撥款 教資會共撥予大學 92，000，000元的建設撥款 〔2001／02年度為 93，000，000元〕。該撥款主要用於 購置專用設備及設施和興建一座可提供527個宿 位的學生宿舍。 捐款、指定基金及其他營運基金 本年度來自捐款及指定基金的收人共為 111，000，000元〔2001／02年度為 89,000,000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 245,000,000 元〔2001／02 年度為 210，000，000元〕。 於2003年6月30日，捐款、指定基金及其他營 運基金的總結餘為585，000，000元〔2001／02年度 為 577，000，000元〕。 建築項目 一座可提供527個宿位的學生宿舍即將落成入 伙。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2003年6月30 日，儲備及備付金總額為 792，000，000 元〔200／02 年度為777，000，000 元〕。其中，632，000，000 元〔2001／02 年度為 630，000,000元〕為一般及發展儲備。

3. 會計實務 所有教資會資助的院校現在都按照「大學之推薦 會計實務準則。來編製財務報表。該「實務準則。 大{????}魖戔q「香港公認會計原則。。但是，為確 保本地高等教育院校的會計實務準則更符合國 際標準及現代會計要求，由八間院校財務處組成 的工作小組建議各院校一致採用「香港公認會計 原則。。待校董會通過該建議後，大學將由 2003/04年度開始按照「香港公認會計原則。來 編製大學財務報表。 展望 政府已接納了多項教資會在香港高等教育檢討 報告中所提出的建議。這些建議將會落實施行， 並且未來數年的撥款可能會大幅削減，對香港高 等院校將構成重大的挑戰。在這重要關頭，大學 會繼續努力不懈堅守大學的使命和理念。 已簽署 大學司庫 雷添良 2003年 11月 7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 電話：〔852〕2852 1600 傳眞：〔852〕2541 1911 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32 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。 本行之責任是根據本行審核工作之結 果，對該等財務報表發表獨立意見，並僅 向 貴校董會報告本行之意見，及不作其 他用途。本行並不就本報告之內容向任何 其他人士負上責任或承擔法律責任。

5. 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。 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，并 眞實與公平地反映香港科技大學於2003 年6月30日的財務狀況及截至該日止年 度的收支結算和現金流動。 已簽署 德勤．關黃陳方會計師行 香港執業會計師 2003年 11月 7日

6. 資產負債表 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 額 校董會於2003年11月 7日核准本財務報表

已簽署 雷添良 大學司庫

已簽署 朱經武 校長

已簽署 黃世邦 財務處處長

7. 收支報表 截至2003年 to 6 月30日止年度 一般收入 附註 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 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 轉撥自／(至〕一般基金 轉撥至特定基金 轉租至教實會撥款結算賬之(虧絀〕/盈餘

8. 現金流動表 截至2003年6月30日止年度 營運活動 大學營運淨現金流入 利息及投資收入／〔虧損〕 書運活動淨現金流入 投資活動 於三個月後到期之銀行存款〔增加〕／減少 購買樓宇及設備之款項 出售設備之收入 投資於共同控制個體 購買債券之款項 贖回存款證 投資經理所管理資金之減少 投資活動淨現金〔流出〕／流入 融資前淨現金〔流出〕/流入

9. 現金流動表(續) 截至2003年6月30日止年度

融資活動 償還銀行貸款 銀行貸款之利息支出 指定留本基金 建設項目收入 融資活動淨現金流入/(流出) 現金及等同現金之(減少〕?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

10. 財務報表附註 2003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人個別 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河永久降 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 任河永久降値後入賬。

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。 各項收賣 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 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資金賬 戶內撇銷。 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 之速度撤銷。 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。

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入賬。 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 傢具及其他設備 在建工程 車輛 成本 於2002年6月30日 添置 轉撥自在建工程 轉撥至樓宇 出售／撤銷 於2003年6月30日 折舊 於2002年6月30日 本年度計算之折舊 出售／撤銷 於2003年6月30日 賬面淨値 於2003年6月30日 於2002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2002年6月30日 添置 轉撥自在建工程 於2003年6月30日 折舊 於2002年6月30日 本年度計算之折舊 於2003年6月30日 賬面淨値 於2003年6月30日 於2002年6月30日 Note 大學向銀行貸款興建高級教職員宿舍及研究生宿舍連大學中心 大學內部融資 教資會 經常撥款 償還款項

15. 在建工程 新增學生宿舍 學術大樓之改建、加建及改建工程 其他 成本 於2002年6月30日 添置 轉撥至樓宇 於2003年6月30日

16. 投資 投資經理所管理資金成本値〔附註) 上市投資 非上市投資、債券及現金／銀行存款 於共同控製個體之投資成本値 深港產學研基地 l，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 持至到期日証券之攤成本値 債券 存款證／浮息票據 其他 大學聯合電腦中心有限公司 1股面値500港元之股份 Note： 大學應佔未綜合附屬公司之純利 害虧損如下

17. 流動資產 存貨 預付款項及按金 遞延費用 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b〕

Notes: 僱員公職金計劃重組 界定利益計劃轉投到界定供款計劃 攤銷 未兌現之支票 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

Note: 興建研究生宿舍連大學中心 最終清泉日期為2010年7月31日

樓宇基金 2002年6月30日之結餘 添置／撤銷折舊 添置 撤銷折舊 2003年6月30日之結餘

19. 設備基金 2002年6月 30日之結餘 添置／撤銷折舊 添置 撇銷折舊 2003年6月30日之結餘〔附註〕 Note: 香港科大教育信託基金所授予之設備 賬面淨値

一般基金 一般捐款 大學發展基金 部門基金 香港科技大學基金 總計 投資虧損導致負收入

20. 特定基金 收入 指定撥款 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 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 促進大學與學校之間的銜接計劃 學生交流計劃的資助 大學資源拓展項目的資助 僱主．高校研討會 建設撥款 危險品貯存室 微電子製造中心 專用設備及設施 學生宿舍〔527個宿位〕 其他 附註：

21. 特定基金〔續〕 已轉撥款額 收入 開支 指定研究基金、捐款及留本基金經常賬 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 其他營運基金 指定留本基金資本賬

22. 儲備及備付金 轉撥自/〔至〕 一般/特定 基金之款額 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 研究項目及其他儲備 與教職員有關費用之備付金 總計

23. 教資會撥款結算賬 2002年6月30日之結餘 2002／03年度之經常賬 2003年6月30日之結餘

24. 教資會經常撥款 整筆撥款 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 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、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 轉撥自/〔至〕一般基金 轉撥至特定基金 附註： 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 顧問 職務探訪及教職員培訓 傢具及設備 般辦公室／實驗室費用 圖書館書籍及期刊 圖書館電子網絡搜索 資訊系統l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／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／實驗室費用 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 諮詢委員會會議／評審 藝術中心 國際交流計劃 加人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 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 利息及投資〔收入〕／虧損 持至到期日證券〔折實〕／溢價攤銷 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?加減少 預付款項及按金之增加 應收賬款之增加 教資會往來賬之〔減少〕／增加 應付賬款及應計費用之減少 與教職員有關費用備付金之增加/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

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 直接持有 間接持有 附屬公司 香港科技大學持續進修學院有限公司 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 香港科大地產有限公司 不活動 香港科大研究開發有限公司 簽訂研究、發展及顧問合約，為大學知識產權進行商品 化及市場推廣，協助產業育成中心工作，管理風險性創 業基金。 共同控制個體 資訊科技創業家培訓協會有限公司 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 南沙資訊科技園區基金有限公司 咐註b〕策劃、投資及推動南沙資訊科技園的發展與建設 南沙科技投資有限公司 附註 C〕直接注資成立國內合營企業建設、發展及管理南沙資訊 科技園 深港產學研基地 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

深圳市深港產學研科技發展有限公司 不活動

無股本之保證有限償還公司 香港中文大學 香港科技大學及香港大學 香港科大研究開發研究公司 霍英東基金有限公司。 全資附屬公司 深圳市政府 北京大學 香港科技大學於深圳共同創立之事業單位