Financial Statements for the Year Ended 30 June 2015

Abstract

[evdate 2015-06-30] Financial Statements 財務報表 截至2015年6月30日止年度 For the Year Ended 30 June 2015 COVER PHOTO CREDIT: Guancong Ma 目錄 CONTENTS 司庫報告…………………………………………………………………………………………………… 1 - 3 Treasurer's Report 獨立核數師報告…………………………………………………………………………………………… 4 - 5 Independent Auditor's Report …………………………………………………………………………………………… 6 - 7 Consolidated Statement of Comprehensive Income 綜合資產負債表…………………………………………………………………………………………… 8 - 9 Consolidated Balance Sheet 綜合資金變動表…………………………………………………………………………………………… 10 - 11 Consolidated Statement of Changes in Fund Balances 綜合現金流動表…………………………………………………………………………………………… 12 - 13 Consolidated Statement of Cash Flows 綜合財務報表附註…………………………………………………………………………………………… 14 - 61 Notes to the Consolidated Financial Statements 1. 一般資料General Information 2. 編制基準Basis of Preparation 3. 分部收入及支出Income and Expenditure by Segment 3.1 政府資助及撥款Government Subventions and Grants 3.2 利息及投資收入Interest and Investment Income 3.3 輔助服務及其他收入Auxiliary Services and Other Income 3.4 開支Expenditure 4. 高收入員工薪酬Remuneration of Higher Paid Staff 5. 稅項Taxation 6. 物業、機器及設備Property, Plant and Equipment 7. 無形資產Intangible Assets 8. 財務資產Financial Assets 9. 於聯營公司權益Interest in an Associate 10. 於合資企業權益Interest in a Joint Venture 11. 應收賬款及預付款項Accounts Receivable and Prepayments 12. 現金及等同現金Cash and Cash Equivalents 13. 應付賬款及應計費用Accounts Payable and Accruals 14. 教職員福利撥備Provision for Staff Benefits 15. 遞延收益Deferred Income 16. 資本儲備Capital Reserves 17. 教資會整筆撥款儲備、所得捐款UGC Block Grant Reserves, Donations and Matching 及配對撥款儲備及其他儲備Grants Reserves, and Other Reserves 18. 承諾捐款 19. 財務風險管理Financial Risk Management 20. 承擔Commitments 21. 關聯方交易Related Party Transactions 22. 附屬公司 23. 主要會計估計及判斷Critical Accounting Estimates and Judgements 24. 主要會計政策Principal Accounting Policies 25. 已公佈但尚未生效的新準則、Possible Impact of new Standards, interpretations and 詮釋和修訂的潛在影響amendments published that are not yet effective 26. 收入及支出表Income and Expenditure Statement (a) 香港科大霍英東學院(a) HKUST Fok Ying Tung Graduate School (b) 香港科技大學賽馬會高等研究院(b) HKUST Jockey Club Institute for Advanced Study Pledged Donations Subsidiaries 目錄 CONTENTS 綜合全面收益表 概況OVERVIEW 2014/15 2013/14 百萬元百萬元差距 $million $million Variance 除投資收入前營運盈餘127 90 37 Surplus from operation excluding investment income 投資收入 (附註 3.2) (132) 512 (644) Investment income (note 3.2) 本年度(虧損) / 盈餘(5) 602 (607) (Deficit) / Surplus for the year 綜合收入及開支 The consolidated income for 2014/15 decreased to $3,828 million ($4,198 million for 2013/14). Excluding the above mentioned impact of investment income, the underlying consolidated income increased to $3,960 million ($3,686 million for 2013/14) primarily due to additional supplementary grants from the University Grants Committee, and an increase in tuition fee income. 司庫報告 TREASURER'S REPORT The consolidated statement of comprehensive income for the year 2014/15 shows a deficit after taxation of $5 million (surplus of $602 million for 2013/14). The deficit for 2014/15 primarily reflects the impact of the changes to the University's investment income which for 2014/15 was a loss of $132 million compared with a gain of $512 million for 2013/14. This masked the steady progress on underlying performance of the University. Removing the impact of investment income the performance of the University activities reflect a surplus for 2014/15 of $127 million compared with $90 million for 2013/14 as shown below. CONSOLIDATED INCOME AND EXPENDITURE 2014/15年度綜合收入下跌至3,828,000,000元 (2013/14年度為4,198,000,000元)。除去以上 提及的投資收入的影響，原有的綜合收入 增至3,960,000,000 元(2013/14 年度為 3,686,000,000元)，主要為教育資助委員會額 外附加撥款及學費收入的增加。 2014/15年度綜合全面收益表顯示5,000,000元 的稅後虧損(2013/14 年為602,000,000 元盈 餘)。該虧損主要反映出大學投資收入變動 之影響，與2013/14年度的512,000,000元收益 相比，2014/15年為132,000,000元的虧損。該 投資收入之變動掩蓋大學原有穩定發展的 業績。除去投資收入的影響，大學活動的 業績表現如下表所顯示應為2014/15年度之 127,000,000 元盈餘， 相比2013/14 年度之 90,000,000元盈餘。 投資回報在短期內可有波動。大學的財務 委員會定期審核大學財務投資的表現並深 信已適當地分散投資來減低中期及長期之 市場波動。 Investment returns can be volatile in the short term. The University's Finance Committee reviews the performance of the University's financial investments on a regular basis and believes that the investments are appropriately diversified to help mitigate market volatility over the medium to long term. 大學之財政狀況可從其儲備的水平來考 量。於2015年6月30日，大學的總儲備達 5,401,000,000元。 The financial health of the University can be judged by the level of its reserves. As at 30 June 2015, the University reserves amounted to $5,401 million. 1 分部結果SEGMENT RESULTS 持續進修教育活動，研究活動及其他活動Self-Financing Continuing Professional Education Programs ('CPEP'), Research and Other Activities 持續進修教育活動及研究活動(沒有分配投 資收入) 錄得56% 的營運盈餘增長至 119,000,000 元(2013/14 年為76,000,000 元)， 主要來自於推出的新課程，報讀學生人數 及學費收入增加以及從已完成的商業研究 合約所得的盈餘。 The operation of self-financing CPEP activities and research activities, without allocation of investment income, showed a 56% increase in surplus to $119 million ($76 million for 2013/14) mainly driven by the offering of new programs, higher student enrollment and higher tuition fees, as well as the surplus from completion of commercial research contracts. Consolidated expenditure for the year increased to $3,833 million ($3,604 million for 2013/14) mainly attributable to the general pay adjustment on salaries, additional staffing and other resources for supporting the higher student enrollment population and increased spending on research activities. 教育資助委員會(「教資會」)整筆撥款資 助之活動 University Grants Committee ('UGC') Block Grant-funded Activities 此營運部分表現收支平衡(2013/14 年為 126,000,000元盈餘)。當除去29,000,000元的 負投資收入(2013/14年為正115,000,000元)， 原有營運結果為29,000,000元盈餘(2013/14年 為11,000,000元盈餘) ， 皆因新增的營運開 支比教資會整筆撥款及額外附加撥款的增 長較少。 This operating segment showed a break-even position ($126 million surplus for 2013/14). After excluding the negative impact of investment income of $29 million (positive $115 million for 2013/14), the underlying result was a surplus of $29 million ($11 million surplus for 2013/14). This was due to increases in the operating expenses being less than the higher Block Grant/supplementary allocation from UGC. 本年度綜合開支增至3,833,000,000元(2013/14 年度為3,604,000,000元)，主要因薪金調整， 聘請額外員工，報讀學生人數增加及其他 科研活動增長而導致。 因投資收入按年的變動之影響，分部結果 亦被扭曲。原有盈餘或虧損之評述如下: Segment results are also distorted due to the impact of the movements in investment income year on year. Commentary on the underlying surplus/deficit is as follows: 其他活動部分錄得35,000,000 元虧損 (2013/14 年為128,000,000 元盈餘) 。當除去 32,000,000元的負投資收入(2013/14年為正 126,000,000元)，其他活動原有營運業績為 3,000,000元虧損(2013/14年為2,000,000元盈 餘)。 Other Activities showed a deficit of $35 million (surplus of $128 million for 2013/14). After excluding the negative impact of investment income of $32 million (positive $126 million for 2013/14), the underlying performance of Other Activities was a deficit of $3 million (surplus of $2 million for 2013/14). 2 所得捐款及有關活動Donations and Related Activities 資本支出CAPITAL EXPENDITURE 展望OUTLOOK 大學司庫John B. HARRISON 夏理遜Treasurer of the University 2015年9月23日23 September 2015 教資會第六期配對撥款計劃完結後，捐款 收入維持穩定。儘管此部分錄得89,000,000 元虧損(2013/14年為272,000,000元盈餘)，當 除去71,000,000元的負投資收入(2013/14年為 正271,000,000 元) ， 原有營運結果為 18,000,000元虧損(2013/14年為1,000,000元盈 餘)，主要為確認收入及支出的時差所致。 After completion of the 6th Matching Grant Scheme, recognized donations income stayed at a steady level. While this segment showed a deficit of $89 million (surplus of $272 million for 2013/14), after excluding the negative impact of investment income of $71 million (positive $271 million for 2013/14), the underlying result was a deficit of $18 million (surplus of $1 million for 2013/14). This was mainly caused by timing differences between recognition of income and expenditure incurred. 趁來年25週年校慶，大學將致力籌募更多 捐款。面對近期投資市場的波動，大學將 繼續謹慎理財，確保維持充足的儲備以支 持大學將來的發展計劃及目標。 Taking the opportunity of the 25th Anniversary of the University in the coming year, the University will be putting concerted efforts into fund-raising to secure further donations. With the recent unstable environment in the investment market, the University will remain cautious in its financial management and ensure it maintains adequate reserves for its future plans and goals. The completion of the Research and Academic Building has enhanced the University's teaching and research facilities. The Conference Lodge, a new oncampus hospitality facility, also largely completed during the year, caters for the accommodation needs of visitors and overseas students for various academic and research activities and events. Other in-progress construction projects include new on-site student residences, an additional 520 off-campus student hostel rooms in Tseung Kwan O and the Multi-Purpose Auditorium. 截至2015年6月30日，已批准之建築項目及 其他資本項目的總資本承擔達2,087,000,000 元。當中的103,000,000元來自遞延收益， 1,054,000,000元來自現有儲備，240,000,000 元來自已批但未收之教資會撥款， 100,000,000元來自承諾捐款，及已向教資會 申請之590,000,000元撥款。 As at 30 June 2015, the total commitments for approved construction projects and other capital items amounted to $2,087 million: $103 million of which will be funded by deferred income on hand, $1,054 million from existing reserves, $240 million by approved but yet to be received UGC grants, $100 million by pledged donations, and $590 million from UGC grants under application. 已竣工的研究及學術大樓進一步完善了大 學的學術及研究設施。新增校園住宿設施 ─ Conference Lodge，大部分亦已於年內 完工，將為參與學術及研究活動而來的訪 客及海外學生提供住宿。其他進行中的建 築項目還包括新建校內學生宿舍，位於將 軍澳的額外520間校外學生宿房與及多用途 禮堂等。 3 致 ：香港科技大學校董會To : 校董會就綜合財務報表須承擔的責任 核數師的責任Auditor's responsibility 本核數師(以下簡稱「我們」)已審計列載於第6 至61頁香港科技大學(「大學」)及其附屬公司 (以下合稱「集團」)的綜合財務報表，此綜合財 務報表包括於2015年6月30日的綜合資產負債表 與截至該日止年度的綜合全面收益表、綜合資 金變動表和綜合現金流動表，以及主要會計政 策概要及其他附註解釋資料。 獨立核數師報告 INDEPENDENT AUDITOR'S REPORT We have audited the consolidated financial statements of The Hong Kong University of Science and Technology (the 'University') and its subsidiaries (together, the 'Group') set out on pages 6 to 61, which comprise the consolidated balance sheet as at 30 June 2015, and the consolidated statement of comprehensive income, the consolidated statement of changes in fund balances and the consolidated statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information. The Council of The Hong Kong University of Science and Technology The Council's responsibility for the consolidated financial statements 貴校董會須負責根據香港會計師公會頒布的香 港財務報告準則擬備真實而中肯的綜合財務報 表，並對其認為為使綜合財務報表的擬備不存 在由於欺詐或錯誤而導致的重大錯誤陳述所必 需的內部控制負責。 我們的責任是根據我們的審計對該等綜合財務 報表作出意見，並僅向校董會（作為整體）報 告，除此之外本報告別無其他目的。我們不會 就本報告的內容向任何其他人士負上或承擔任 何責任。 Our responsibility is to express an opinion on these consolidated financial statements based on our audit 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. The Council of the University is responsible for the preparation of consolidated financial statements that give a true and fair view in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants, and for such internal control as the Council determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. 4 意見Opinion 羅兵咸永道會計師事務所PricewaterhouseCoopers 執業會計師Certified Public Accountants 香港，2015年9月23日Hong Kong, 23 September 2015 In our opinion, the consolidated financial statements give a true and fair view of the financial position of the Group as at 30 June 2015, and of the financial performance and cash flows of the Group for the year then ended in accordance with Hong Kong Financial Reporting Standards. 我們相信，我們所獲得的審計憑證能充足和適 當地為我們的審計意見提供基礎。 我們認為，該等綜合財務報表已根據香港財務 報告準則真實而中肯地反映貴集團於2015年6 月30日的財務狀況及彼等截至該日止年度的財 務表現及現金流量。 審計涉及執行程序以獲取有關綜合財務報表所 載金額及披露資料的審計憑證。所選擇的程序 取決於核數師的判斷，包括評估由於欺詐或錯 誤而導致綜合財務報表存在重大錯誤陳述的風 險。在評估該等風險時，核數師考慮與該公司 擬備真實而中肯的綜合財務報表相關的內部控 制，以設計適當的審計程序，但目的並非對公 司內部控制的有效性發表意見。審計亦包括評 價校董會所採用會計政策的恰當性及作出會計 估計的合理性，以及評價綜合財務報表的整體 列報方式。 We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation of consolidated financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Council, as well as evaluating the overall presentation of the consolidated financial statements. 我們已根據香港會計師公會頒佈的香港審計準 則進行審計。該等準則要求我們遵守道德規範 ，並規劃及執行審計以對綜合財務報表是否不 存在任何重大錯誤陳述獲取合理保證。 We conducted our audit in accordance with Hong Kong Standards on Auditing issued by the Hong Kong Institute of Certified Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. 5 2015 2014 附註百萬元百萬元 Notes $million $million 收入 Income 政府資助及撥款3.1 2,241 2,081 Government Subventions and Grants 學費、課程及其他收費1,030 948 Tuition, Programmes and Other Fees 利息及投資收入3.2 (96) 562 Interest and Investment Income 外界捐款86 84 Donations and Benefactions 輔助服務及其他收入3.3 347 324 Auxiliary Services and Other Income 轉撥自資本儲備16 / 24.15 220 199 Transfers from Capital Reserves 3,828 4,198 開支3.4 Expenditure 學術及研究 Learning and Research 教學及研究2,447 2,257 Instruction and Research 圖書館104 99 Library 中央電腦設備127 111 Central Computing Facilities 其他教學服務97 88 Other Academic Services 2,775 2,555 校務支援 Institutional Support 管理及一般事務241 215 Management and General 校舍及有關費用548 587 Premises and Related Expenses 學生及一般教育服務237 217 Student and General Education Services 其他活動32 30 Other Activities 1,058 1,049 3,833 3,604 本年度營運(虧損) / 盈餘(5) 594 (Deficit) / Surplus from operation for the year 綜合全面收益表 截至2015年6月30日止年度 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2015 6 2015 2014 附註百萬元百萬元 Notes $million $million 所佔聯營公司的經營業績9 1 8 Share of Result of an Associate 所佔合資企業的經營業績10 (1) 0 Share of Result of a Joint Venture 本年度稅前(虧損) / 盈餘(5) 602 (Deficit) / Surplus for the year before taxation 稅項5 0 0 Taxation 本年度稅後(虧損) / 盈餘(5) 602 (Deficit) / Surplus for the year after taxation 年內之其他全面收益 / (虧絀) Other comprehensive income / (loss) for the year 其後或循環至收入及開支的項目： 於可供出售財務資產未實現之盈利3 1 Unrealised gain on Available-for-Sale Financial Assets 轉撥自資本儲備至綜合全面收益表16 / 24.14 (220) (199) 外幣換算之差額1 (1) Exchange differences arising from retranslation (216) (199) 年內全面(虧絀) / 收益總額(221) 403 Total comprehensive (loss) / income for the year 轉撥至 / (自)： Transfers to / (from): 資本儲備(219) (201) Capital Reserves 0 126 所得捐款及配對撥款儲備(88) 273 Donations and Matching Grants Reserves 其他儲備83 204 Other Reserves 投資重估儲備3 1 Investment Revaluation Reserve (221) 403 University Grants Committee ('UGC') Block Grant Reserves Transfer from Capital Reserves to consolidated statement of comprehensive income 大學教育資助委員會(「教資會」)整筆撥款儲備 綜合全面收益表(續) Items that may be reclassified subsequently to income and expenditure: CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Cont'd) FOR THE YEAR ENDED 30 JUNE 2015 7 截至2015年6月30日止年度 2015 2014 附註百萬元百萬元 Notes $million $million 非流動資產 Non-Current Assets 物業、機器及設備6 4,813 4,551 Property, Plant and Equipment 無形資產7 6 21 Intangible Assets 持至到期日財務資產8 71 108 Held-to-Maturity Financial Assets 可供出售財務資產8 22 19 Available-for-Sale Financial Assets 按公平值透過損益記賬之財務資產8 4,171 4,295 Financial Assets at Fair Value through Profit or Loss 於聯營公司權益9 64 66 Interest in an Associate 於合資企業權益10 (1) 0 Interest in a Joint Venture 9,146 9,060 流動資產 Current Assets 持至到期日財務資產8 37 5 Held-to-Maturity Financial Assets 存貨0 1 Inventories 應收賬款及預付款項11 202 257 Accounts Receivable and Prepayments 原到期日超過三個月之定期存款1,661 1,375 Bank Deposits with Original Maturity over Three Months 現金及等同現金12 687 787 Cash and Cash Equivalents 2,587 2,425 流動負債 Current Liabilities 應付賬款及應計費用13 660 547 Accounts Payable and Accruals 教職員福利撥備14 163 154 Provision for Staff Benefits 遞延收益15 659 604 Deferred Income 應付稅項1 2 Tax Payable 1,483 1,307 流動資產淨值1,104 1,118 Net Current Assets 資產總值減流動負債10,250 10,178 Total Assets Less Current Liabilities 綜合資產負債表 2015年6月30日 CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2015 8 2015 2014 附註百萬元百萬元 Notes $million $million 非流動負債 Non-Current Liabilities 教職員福利撥備14 22 22 Provision for Staff Benefits 資產淨值10,228 10,156 NET ASSETS 資本儲備16 4,819 4,572 Capital Reserves 教資會整筆撥款儲備17 1,257 1,255 UGC Block Grant Reserves 所得捐款及配對撥款儲備17 2,568 2,811 Donations and Matching Grants Reserves 其他儲備17 1,576 1,513 Other Reserves 投資重估儲備8 5 Investment Revaluation Reserve 資金總額10,228 10,156 TOTAL FUNDS 校董會於2015年9月23日核准本財務報表 Approved by the Council on 23 September 2015 大學司庫 John B. HARRISON Treasurer of the University Tony F. CHAN President 綜合資產負債表(續) 2015年6月30日 校長 陳繁昌 CONSOLIDATED BALANCE SHEET (Cont'd) 夏理遜 AS AT 30 JUNE 2015 Mark HODGSON Vice-President for 賀致信 副校長(行政) Administration and Business 9 所得捐款及 配對撥款儲備 投資重估儲備 資本儲備其他儲備 資金總額 Total Funds 百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million (附註16) (附註17) (附註17) (附註17) (Note 16) (Note 17) (Note 17) (Note 17) 2014年7月1日之結餘4,572 1,255 2,811 1,513 5 10,156 Balance as at 1 July 2014 年內全面收益 / (虧絀)總額 Total comprehensive income / (loss) for the year 本年度稅後(虧損) / 盈餘0 0 (89) 84 0 (5) (Deficit) / Surplus for the year after taxation 其他全面收益 / (虧絀) Other comprehensive income / (loss) 於可供出售財務資產未實現之盈利0 0 0 0 3 3 Unrealised gain on Available-for-Sale Financial Assets 轉賬至綜合全面收益表(220) 0 0 0 0 (220) 外幣換算之差額1 0 1 (1) 0 1 Exchange differences arising from retranslation (219) 0 (88) 83 3 (221) 轉撥自遞延收益293 0 0 0 0 293 Transfer from Deferred Income 與資本支出有關之資金轉撥(附註16 / 24.14) 相當於添置物業、機器及設備及無形資產之款項220 (2) (169) (49) 0 0 相當於折舊及攤銷之款項(47) 4 14 29 0 0 173 2 (155) (20) 0 0 其他資金轉撥0 0 0 0 0 0 Other inter-fund transfer 2015年6月30日之結餘4,819 1,257 2,568 1,576 8 10,228 Balance as at 30 June 2015 綜合資金變動表 CONSOLIDATED STATEMENT OF CHANGES IN FUND BALANCES Capital Reserves Other Reserves Investment Revaluation Reserve FOR THE YEAR ENDED 30 JUNE 2015 截至2015年6月30日止年度 UGC Block Grant Reserves Inter-fund transfer in connection with capital expenditure (Notes 16 / 24.14) Donations and Matching Grants Reserves 教資會整筆撥款 儲備 Transfer to consolidated statement of comprehensive income Amounts equivalent to additions to Property, Plant and Equipment and Intangible Assets Amounts equivalent to depreciation and amortisation charges 10 所得捐款及 配對撥款儲備 投資重估儲備 資本儲備其他儲備 資金總額 Total Funds 百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million (附註16) (附註17) (附註17) (附註17) (Note 16) (Note 17) (Note 17) (Note 17) 2013年7月1日之結餘4,395 1,125 2,625 1,315 4 9,464 Balance as at 1 July 2013 年內全面收益 / (虧絀)總額 Total comprehensive income / (loss) for the year 本年度稅後盈餘0 126 272 204 0 602 Surplus for the year after taxation 其他全面收益 / (虧絀) Other comprehensive income / (loss) 於可供出售財務資產未實現之盈利0 0 0 0 1 1 Unrealised gain on Available-for-Sale Financial Assets 轉賬至綜合全面收益表(199) 0 0 0 0 (199) 外幣換算之差額(2) 0 1 0 0 (1) Exchange differences arising from retranslation (201) 126 273 204 1 403 轉撥自遞延收益289 0 0 0 0 289 Transfer from Deferred Income 與資本支出有關之資金轉撥(附註16 / 24.14) 相當於添置物業、機器及設備及無形資產之款項128 (2) (110) (16) 0 0 相當於折舊及攤銷之款項(39) 6 6 27 0 0 89 4 (104) 11 0 0 其他資金轉撥0 0 17 (17) 0 0 Other inter-fund transfer 2014年6月30日之結餘4,572 1,255 2,811 1,513 5 10,156 Balance as at 30 June 2014 Amounts equivalent to additions to Property, Plant and Equipment and Intangible Assets Amounts equivalent to depreciation and amortisation charges CONSOLIDATED STATEMENT OF CHANGES IN FUND BALANCES (Cont'd) Inter-fund transfer in connection with capital expenditure (Notes 16 / 24.14) Transfer to consolidated statement of comprehensive income FOR THE YEAR ENDED 30 JUNE 2015 Donations and Matching Grants Reserves UGC Block Grant Reserves 教資會整筆撥款 儲備 綜合資金變動表(續) Investment Revaluation Reserve Other Reserves Capital Reserves 截至2015年6月30日止年度 11 2015 2014 百萬元百萬元 $million $million 營運活動之現金流量 Cash Flows from Operating Activities 本年度稅前(虧損) / 盈餘(5) 602 (Deficit) / Surplus for the year before taxation 調整: Adjustments for: 折舊及攤銷267 238 Depreciation and Amortisation 利息及投資收入96 (562) Interest and Investment Income 持至到期日財務資產折扣攤銷0 (2) Amortisation of discount on Held-to-Maturity Financial Assets 所佔聯營公司 / 合資企業的經營業績0 (8) Share of results of an Associate / a Joint Venture 轉撥自資本儲備(220) (199) Transfers from Capital Reserves 未計運作資本之變動前之營運現金流量138 69 Operating cash flow before movements in working capital 存貨之減少1 0 Decrease in Inventories 應收賬款及預付款項之減少53 68 Decrease in Accounts Receivable and Prepayments 應付賬款及應計費用之增加44 31 Increase in Accounts Payable and Accruals 遞延收益之增加55 45 Increase in Deferred Income 教職員福利撥備之增加9 16 Increase in Provision for Staff Benefits 營運活動淨現金流入300 229 Net Cash Generated from Operating Activities 綜合現金流動表 截至2015年6月30日止年度 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2015 12 2015 2014 百萬元百萬元 $million $million 投資活動之現金流量 Cash Flows from Investing Activities 購買物業、機器及設備(442) (414) Payment for purchase of Property, Plant and Equipment 購買無形資產(4) (5) Payment for purchase of Intangible Assets 原到期日超過三個月之定期存款之增加(286) (675) Increase in Bank Deposits with Original Maturity over Three Months 購買按公平值透過損益記賬之財務資產(609) (1,165) Purchase of Financial Assets at Fair Value through Profit or Loss 從持至到期日財務資產所得之贖回收入6 910 Proceeds from redemption of Held-to-Maturity Financial Assets 出售按公平值透過損益記賬之財務資產之收入601 236 Proceeds from sale of Financial Assets at Fair Value through Profit or Loss 已收取之利息及投資收入41 57 Interest and investment income received 投資活動淨現金流出(693) (1,056) Net Cash Used in Investing Activities 融資活動之現金流量 Cash Flows from Financing Activities 用以購買物業、機器及設備及無形資產之資助及撥款及捐款收入293 289 融資活動淨現金流入293 289 Net Cash Generated from Financing Activities 現金及等同現金之淨減少(100) (538) Net Decrease in Cash and Cash Equivalents 年初之現金及等同現金787 1,323 Cash and Cash Equivalents at the Beginning of the Year 匯兌變動之影響0 2 Effect of Foreign Exchange Rate Changes 年終之現金及等同現金687 787 Cash and Cash Equivalents at the End of the Year Subventions and Grants and donations received for purchase of Property, Plant and Equipment and Intangible Assets CONSOLIDATED STATEMENT OF CASH FLOWS (Cont'd) FOR THE YEAR ENDED 30 JUNE 2015 綜合現金流動表(續) 截至2015年6月30日止年度 13 1. 一般資料1. GENERAL INFORMATION 2. 編制基準2. BASIS OF PREPARATION 大學之財務報表已另外編制。 大學之註冊地址及主要營運地點為香 港清水灣。 Financial statements for the University have been prepared separately. 綜合財務報表附註 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS The Hong Kong University of Science and Technology is incorporated under The Hong Kong University of Science and Technology Ordinance (Chapter 1141, Laws of Hong Kong) as a technological university dedicated to the advancement of learning and scholarship, with special emphasis on research, postgraduate education, and close collaboration with business and industry. The principal activities and other particulars of the University's subsidiaries are set out in note 22. 編制符合香港財務報告準則的綜合財 務報表需要使用若干關鍵的會計估算 ，亦需要管理層在應用集團會計政策 的過程中運用其判斷。有關涉及高度 的判斷或高度複雜性的範疇，又或綜 合財務報表中需作重要假設及估算的 範疇，已於附註23中披露。 The preparation of consolidated financial statements in conformity with HKFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements, are disclosed in note 23. The University's registered address and principal place of operation is Clear Water Bay, Hong Kong. The consolidated financial statements have been prepared under the historical cost convention, as modified by the revaluation of Available-for- Sale Financial Assets and Financial Assets at Fair Value through Profit or Loss which are carried at fair value. 綜合財務報表乃按歷史成本法編制， 並對可供出售財務資產以及按公平值 透過損益記賬財務資產之公平值重估 而作出修訂。 綜合財務報表乃依據香港會計師公會 頒佈之香港財務報告準則所編制。 These consolidated financial statements are presented in Hong Kong dollars ('HKD'), which is the Group's presentation currency. These consolidated financial statements were approved for issue by the Council on 23 September 2015. The consolidated financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards ('HKFRS') issued by the Hong Kong Institute of Certified Public Accountants ('HKICPA'). 綜合財務報表以港元呈覽，港元亦為 本集團之呈報貨幣。本大學校董會於 2015年9月23日核准此綜合財務報表刊 發。 香港科技大學是在香港科技大學條例 (香港法例第一一四一章)下成立，為一 間科學技術的大學，專注促進學習及 學術，並特別在學術研究、研究生教 育方面加以重視，以及與商業和工業 界緊密合作。大學的附屬公司的主要 活動及其他事項詳列於附註22內。 14 3. 分部收入及支出 INCOME AND EXPENDITURE BY SEGMENT (a) 綜合分部收支(按會計性質) Consolidated Segment Income and Expenditure (By accounting nature) 非整筆撥款非整筆撥款 教資會自負盈虧之資助之教資會自負盈虧之資助之 整筆撥款持續進修科研活動整筆撥款持續進修科研活動 資助活動教育活動分部間之資助活動教育活動分部間之 交易抵銷交易抵銷 其他活動其他活動 小計總計淨總計小計總計淨總計 Sub-total Total Net Total Sub-total Total Net Total 百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million 收入 Income 政府資助及撥款(附註3.1) 1,916 0 280 23 2,219 22 2,241 0 2,241 1,758 0 222 80 2,060 21 2,081 0 2,081 學費、課程及其他收費541 489 0 0 1,030 0 1,030 0 1,030 522 426 0 0 948 0 948 0 948 利息及投資收入(附註3.2) (16) 0 0 (26) (42) (54) (96) 0 (96) 128 0 1 136 265 297 562 0 562 Interest and Investment Income (Note 3.2) 外界捐款0 0 0 0 0 86 86 0 86 0 0 0 0 0 84 84 0 84 Donations and Benefactions 輔助服務及其他收入(附註3.3) 51 9 116 169 345 2 347 0 347 47 10 107 157 321 3 324 0 324 轉撥自資本儲備89 0 19 69 177 43 220 0 220 84 0 15 57 156 43 199 0 199 間接費用收回 / 分部間之收入86 4 0 114 204 1 205 (205) 0 77 6 0 112 195 3 198 (198) 0 Overhead Recovery / Inter-segment Income 2,667 502 415 349 3,933 100 4,033 (205) 3,828 2,616 442 345 542 3,945 451 4,396 (198) 4,198 開支(附註3.4) Expenditure (Note 3.4) 薪金及福利1,863 111 163 97 2,234 48 2,282 0 2,282 1,709 103 129 89 2,030 43 2,073 0 2,073 Salaries and Benefits 其他營運支出706 145 168 183 1,202 82 1,284 0 1,284 684 139 146 239 1,208 85 1,293 0 1,293 Other Operating Expenses 折舊及攤銷93 0 22 94 209 58 267 0 267 90 0 19 80 189 49 238 0 238 Depreciation and Amortisation 間接費用收回 / 分部間之開支5 145 44 10 204 1 205 (205) 0 7 127 48 14 196 2 198 (198) 0 Overhead Recovery / Inter-segment Expenditure 2,667 401 397 384 3,849 189 4,038 (205) 3,833 2,490 369 342 422 3,623 179 3,802 (198) 3,604 本年度營運(虧損) / 盈餘0 101 18 (35) 84 (89) (5) 0 (5) 126 73 3 120 322 272 594 0 594 (Deficit) / Surplus from operation for the year 所佔聯營公司的經營業績0 0 0 1 1 0 1 0 1 0 0 0 8 8 0 8 0 8 Share of Result of an Associate 所佔合資企業的經營業績0 0 0 (1) (1) 0 (1) 0 (1) 0 0 0 0 0 0 0 0 0 Share of Result of a Joint Venture 本年度(虧損) / 盈餘0 101 18 (35) 84 (89) (5) 0 (5) 126 73 3 128 330 272 602 0 602 (Deficit) / Surplus for the year Auxiliary Services and Other Income (Note 3.3) Transfers from Capital Reserves Tuition, Programmes and Other Fees Government Subventions and Grants (Note 3.1) 2015 2014 Inter-segment Transaction Elimination Donations and Related Activities Self-financing CPEP Activities Donations and Related Activities Self-financing CPEP Activities Other Activities Inter-segment Transaction Elimination Other Activities 所得捐款及 Non-Block 有關活動 Grant funded Research Activities UGC Block Grant-funded Activities UGC Block Grant-funded Activities Non-Block Grant funded Research Activities 所得捐款及 有關活動 15 3. 分部收入及支出(續) INCOME AND EXPENDITURE BY SEGMENT (Cont'd) (b) 綜合分部收支(按用途) Consolidated Segment Income and Expenditure (By function) 非整筆撥款非整筆撥款 教資會自負盈虧之資助之教資會自負盈虧之資助之 整筆撥款持續進修科研活動整筆撥款持續進修科研活動 資助活動教育活動分部間之資助活動教育活動分部間之 交易抵銷交易抵銷 其他活動其他活動 小計總計淨總計小計總計淨總計 Sub-total Total Net Total Sub-total Total Net Total 百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million 收入 Income 政府資助及撥款(附註3.1) 1,916 0 280 23 2,219 22 2,241 0 2,241 1,758 0 222 80 2,060 21 2,081 0 2,081 學費、課程及其他收費541 489 0 0 1,030 0 1,030 0 1,030 522 426 0 0 948 0 948 0 948 利息及投資收入(附註3.2) (16) 0 0 (26) (42) (54) (96) 0 (96) 128 0 1 136 265 297 562 0 562 Interest and Investment Income (Note 3.2) 外界捐款0 0 0 0 0 86 86 0 86 0 0 0 0 0 84 84 0 84 Donations and Benefactions 輔助服務及其他收入(附註3.3) 51 9 116 169 345 2 347 0 347 47 10 107 157 321 3 324 0 324 轉撥自資本儲備89 0 19 69 177 43 220 0 220 84 0 15 57 156 43 199 0 199 間接費用收回 / 分部間之收入86 4 0 114 204 1 205 (205) 0 77 6 0 112 195 3 198 (198) 0 Overhead Recovery / Inter-segment Income 2,667 502 415 349 3,933 100 4,033 (205) 3,828 2,616 442 345 542 3,945 451 4,396 (198) 4,198 開支(附註3.4) Expenditure (Note 3.4) 學術及研究 Learning and Research 教學及研究1,679 253 353 98 2,383 64 2,447 0 2,447 1,560 239 294 102 2,195 62 2,257 0 2,257 Instruction and Research 圖書館 / 中央電腦設備 / 其他教學服務317 1 0 9 327 1 328 0 328 290 0 0 5 295 3 298 0 298 校務支援 Institutional Support 管理及一般事務185 0 0 25 210 31 241 0 241 174 0 0 17 191 24 215 0 215 Management and General 校舍及有關費用388 1 0 106 495 53 548 0 548 371 1 0 168 540 47 587 0 587 Premises and Related Expenses 學生及一般教育服務93 1 0 104 198 39 237 0 237 88 2 0 86 176 41 217 0 217 Student and General Education Services 其他活動0 0 0 32 32 0 32 0 32 0 0 0 30 30 0 30 0 30 Other Activities 間接費用收回 / 分部間之開支5 145 44 10 204 1 205 (205) 0 7 127 48 14 196 2 198 (198) 0 Overhead Recovery / Inter-segment Expenditure 2,667 401 397 384 3,849 189 4,038 (205) 3,833 2,490 369 342 422 3,623 179 3,802 (198) 3,604 本年度營運(虧損) / 盈餘0 101 18 (35) 84 (89) (5) 0 (5) 126 73 3 120 322 272 594 0 594 (Deficit) / Surplus from operation for the year 所佔聯營公司的經營業績0 0 0 1 1 0 1 0 1 0 0 0 8 8 0 8 0 8 Share of Result of an Associate 所佔合資企業的經營業績0 0 0 (1) (1) 0 (1) 0 (1) 0 0 0 0 0 0 0 0 0 Share of Result of a Joint Venture 本年度(虧損) / 盈餘0 101 18 (35) 84 (89) (5) 0 (5) 126 73 3 128 330 272 602 0 602 (Deficit) / Surplus for the year 備註: Remarks: 若干比較數字已予以重新分類以符合本年度之呈報方式。 Certain comparative figures have been reclassified to conform to current year's presentation. Non-Block Grant funded Research Activities Self-financing CPEP Activities 2014 Inter-segment Transaction Elimination Donations and Related Activities Other Activities 所得捐款及 有關活動 Library / Central Computing Facilities / Other Academic Services Government Subventions and Grants (Note 3.1) Tuition, Programmes and Other Fees Auxiliary Services and Other Income (Note 3.3) Transfers from Capital Reserves 2015 UGC Block Grant-funded Activities UGC Block Grant - funded Activities Non-Block Grant funded Research Activities Self-financing CPEP Activities Donations and Related Activities Inter-segment Transaction Elimination Other Activities 所得捐款及 有關活動 16 3.1 政府資助及撥款 GOVERNMENT SUBVENTIONS AND GRANTS 教資會整筆非整筆撥款所得捐款及 撥款資助活動資助之科研活動有關活動 其他活動 總計 Total 百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million 年度 / Year 2015 教資會整筆經常撥款及指定撥款(附註15) 1,872 167 23 0 2,062 配對撥款0 0 0 22 22 Matching Grants 政府有關機構撥款(附註15) 0 113 0 0 113 Grants from Government Agencies (Note 15) 退還差餉及地租44 0 0 0 44 Rates and Government Rent Refunds 1,916 280 23 22 2,241 年度 / Year 2014 教資會整筆經常撥款及指定撥款(附註15) 1,725 146 80 0 1,951 配對撥款0 0 0 21 21 Matching Grants 政府有關機構撥款(附註15) 0 76 0 0 76 Grants from Government Agencies (Note 15) 退還差餉及地租33 0 0 0 33 Rates and Government Rent Refunds 1,758 222 80 21 2,081 3.2 利息及投資收入 INTEREST AND INVESTMENT INCOME 2015 2014 百萬元百萬元 $million $million 利息收入35 49 Interest income 按公平值透過損益記賬之財務資產之公平值變動(132) 512 Change in fair value of Financial Assets at Fair Value through Profit or Loss 可供出售財務資產之投資收入1 1 Investment income on Available-for-Sale Financial Assets (96) 562 UGC Recurrent Block Grant and Earmarked Grants (Note 15) Donations and Related Activities Non-Block Grant funded Research Activities UGC Recurrent Block Grant and Earmarked Grants (Note 15) UGC Block Grant-funded Activities Other Activities 17 3.3 輔助服務及其他收入 AUXILIARY SERVICES AND OTHER INCOME 教資會非整筆撥款 整筆撥款自負盈虧之資助之 資助活動持續進修科研活動所得捐款及 教育活動有關活動 其他活動 總計 Total 百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million 年度 / Year 2015 研究合約0 0 83 0 0 83 Research Contract 學生宿舍0 0 0 92 0 92 Residence Halls 租金收入6 0 0 40 0 46 Rental Income 教職員繳納之租金39 0 0 0 0 39 Rental Contribution from Staff 服務收費、項目收入及其他贊助 3 8 9 30 2 52 項目贊助(附註15) 0 0 22 0 0 22 Projects Sponsorships (Note 15) 雜項收入3 1 2 7 0 13 Miscellaneous 51 9 116 169 2 347 年度 / Year 2014 研究合約0 0 78 0 0 78 Research Contract 學生宿舍0 0 0 91 0 91 Residence Halls 租金收入6 0 0 42 0 48 Rental Income 教職員繳納之租金36 0 0 0 0 36 Rental Contribution from Staff 服務收費、項目收入及其他贊助 3 9 4 22 3 41 項目贊助(附註15) 0 0 25 0 0 25 Projects Sponsorships (Note 15) 雜項收入2 1 0 2 0 5 Miscellaneous 47 10 107 157 3 324 Services Fees, Workshop Income and Other Sponsorships Services Fees, Workshop Income and Other Sponsorships Other Activities Donations and Related Activities Self-financing CPEP Activities Non-Block Grant funded Research Activities UGC Block Grant-funded Activities 18 3.4 開支 EXPENDITURE 其他營運支出折舊及攤銷 薪酬及福利Depreciation and 總計 Amortisation Total 百萬元百萬元百萬元百萬元 $million $million $million $million 年度 / Year 2015 學術及研究 Learning and Research 教學及研究1,655 713 79 2,447 Instruction and Research 圖書館58 45 1 104 Library 中央電腦設備68 34 25 127 Central Computing Facilities 其他教學服務82 13 2 97 Other Academic Services 小計1,863 805 107 2,775 Sub-total 校務支援 Institutional Support 管理及一般事務178 60 3 241 Management and General 校舍及有關費用149 243 156 548 Premises and Related Expenses 學生及一般教育服務89 147 1 237 Student and General Education Services 其他活動3 29 0 32 Other Activities 小計419 479 160 1,058 Sub-total 總開支2,282 1,284 267 3,833 Total Expenditure 年度 / Year 2014 學術及研究 Learning and Research 教學及研究1,506 669 82 2,257 Instruction and Research 圖書館53 45 1 99 Library 中央電腦設備63 28 20 111 Central Computing Facilities 其他教學服務73 14 1 88 Other Academic Services 小計1,695 756 104 2,555 Sub-total 校務支援 Institutional Support 管理及一般事務160 53 2 215 Management and General 校舍及有關費用138 318 131 587 Premises and Related Expenses 學生及一般教育服務77 139 1 217 Student and General Education Services 其他活動3 27 0 30 Other Activities 小計378 537 134 1,049 Sub-total 總開支2,073 1,293 238 3,604 Total Expenditure 薪金及福利包括大學為界定供款退休金計劃所支付之供款共178百萬元(2014：165百萬元)。 若干比較數字已予以重新分類以符合本年度之呈報方式。 Certain comparative figures have been reclassified to conform to current year's presentation. Salaries and Benefits Included in Salaries and Benefits was a total sum of $178 million (2014: $165 million) representing the University's contributions towards defined contribution retirement benefits schemes. Other Operating Expenses 19 4. 高收入員工薪酬 REMUNERATION OF HIGHER PAID STAFF 2015 2014 年薪等值 Annual Equivalent Remuneration HK$ 1,800,001 - 1,950,000 43 48 HK$ 1,950,001 - 2,100,000 43 44 HK$ 2,100,001 - 2,250,000 44 42 HK$ 2,250,001 - 2,400,000 41 36 HK$ 2,400,001 - 2,550,000 19 17 HK$ 2,550,001 - 2,700,000 23 15 HK$ 2,700,001 - 2,850,000 12 14 HK$ 2,850,001 - 3,000,000 8 4 HK$ 3,000,001 - 3,150,000 10 4 HK$ 3,150,001 - 3,300,000 4 2 HK$ 3,300,001 - 3,450,000 4 2 HK$ 3,450,001 - 3,600,000 4 0 HK$ 3,600,001 - 3,750,000 2 2 HK$ 3,750,001 - 3,900,000 1 1 HK$ 4,350,001 - 4,500,000 0 1 HK$ 4,500,001 - 4,650,000 0 1 HK$ 4,650,001 - 4,800,000 1 1 HK$ 4,950,001 - 5,100,000 1 0 HK$ 5,100,001 - 5,250,000 1 0 HK$ > 5,250,001 1 1 Number of Employees 薪俸包括薪金、約滿酬金、退休金計劃供款、集團所支付之顧問費用、房屋及其他津貼。獲大學提 供宿舍者，其房屋福利以香港特別行政區政府差餉物業估價署評估其宿舍之應課差餉租值計算。 Remuneration includes salary, gratuity, contribution to retirement schemes, consultancy fees paid by the Group, housing and other benefits. For staff who are provided with quarters, their housing benefits are calculated by reference to the rateable values assessed by the Rating and Valuation Department of the Government of The Hong Kong Special Administrative Region. 員工數目 20 5. 稅項 TAXATION 集團沒有就其未獲豁免繳稅之中國附屬公司作出中國企業稅撥備(2014年：無)，因本年度並沒有應課稅之盈利。 本集團有關利得稅之計算稅項有別於採用集團本年度營運虧損 / 盈餘計算之稅率分析如下： 2015 2014 百萬元百萬元 $million $million 本年度營運(虧損) / 盈餘(5) 594 (Deficit) / Surplus from operation for the year 按稅率16.5% (2014：16.5%) 計算之稅項(1) 98 Tax calculated at a tax rate of 16.5% (2014: 16.5%) 無需課稅收入的稅務影響(607) (673) Tax effect of non-taxable income 不可扣減支出的稅務影響611 573 Tax effect of non-deductible expenses 其他差額(3) 2 Other differences 稅項0 0 Taxation charge Deferred income tax assets are recognised for tax losses carried forward to the extent that the realisation of the related tax benefit through future taxable profits is probable. The PRC subsidiaries of the Group have not recognised deferred income tax assets of approximately $20.1 million (2014: $23.7 million) in respect of cumulative losses amounting to approximately $80.4 million (2014: $96.2 million). The tax losses for the PRC subsidiaries will expire on various dates up to 2020. The unrecognised tax loss of approximately $2.9 million (2014: $4.8 million) for a Hong Kong subsidiary has no expiry date. 大學及其一香港附屬公司均根據香港稅務條例第88條之規定獲豁免繳付稅項，因此不需作出撥備。 No People's Republic of China ('PRC') enterprise income tax has been provided (2014: Nil) for non-tax exempt PRC subsidiaries as there are no assessable profits for the year. The tax on the deficit / surplus from operation for the year differs from the theoretical amount that would arise using the tax rate applicable to the surplus of the Group as follows: 當累積稅項虧損有可能經未來應課稅盈利而帶來利益，集團才確認遞延稅項資產。本集團之中國附屬公司未有確 認之遞延稅項資產為約20,100,000元(2014年：23,700,000元)，其來自累積虧損約80,400,000元(2014年：96,200,000元)。 該筆中國附屬公司稅項虧損將逐步於2020年前期間到期。香港一附屬公司之未確認稅項虧損為約2,900,000元(2014 年：4,800,000元)並沒有期限。 No Hong Kong profits tax has been provided (2014: Nil) for a non-tax exempt subsidiary in Hong Kong as that subsidiary has sufficient tax losses brought forward to offset against estimated assessable profits for the year. No taxation is provided for the operation of the University and one of its subsidiaries in Hong Kong, which are exempt from taxation by virtue of Section 88 of the Inland Revenue Ordinance. 集團沒有就其一未獲豁免繳稅之香港附屬公司作出香港利得稅撥備(2014年：無)，因該附屬公司有足夠的稅項虧損 以抵銷本年度預計應課稅之盈利。 21 6. 物業、機器及設備 PROPERTY, PLANT AND EQUIPMENT 在建工程傢具及設備 樓宇總計 Buildings Total 百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million 成本 COST 2013年6月30日之結餘5,729 249 0 1,842 7,820 Balance as at 30 June 2013 添置17 268 0 127 412 Additions 撇減0 0 0 (65) (65) Disposals 匯兌差額(2) 0 0 (1) (3) Exchange translation difference 2014年6月30日之結餘5,744 517 0 1,903 8,164 Balance as at 30 June 2014 添置11 255 94 149 509 Additions 轉撥509 (660) 151 0 0 Transfers 撇減0 0 0 (58) (58) Disposals 匯兌差額1 0 0 0 1 Exchange translation difference 2015年6月30日之結餘6,265 112 245 1,994 8,616 Balance as at 30 June 2015 累積折舊 ACCUMULATED DEPRECIATION 2013年6月30日之結餘1,779 0 0 1,680 3,459 Balance as at 30 June 2013 本年度計算之折舊116 0 0 104 220 Charge for the year 撇減0 0 0 (65) (65) Disposals 匯兌差額0 0 0 (1) (1) Exchange translation difference 2014年6月30日之結餘1,895 0 0 1,718 3,613 Balance as at 30 June 2014 本年度計算之折舊125 0 12 111 248 Charge for the year 撇減0 0 0 (58) (58) Disposals 匯兌差額0 0 0 0 0 Exchange translation difference 2015年6月30日之結餘2,020 0 12 1,771 3,803 Balance as at 30 June 2015 賬面淨值 NET BOOK VALUE 2015年6月30日之結餘4,245 112 233 223 4,813 Balance as at 30 June 2015 2014年6月30日之結餘3,849 517 0 185 4,551 Balance as at 30 June 2014 以上之物業、機器及設備按直線法依照下列年率計算折舊： The above items of property, plant and equipment are depreciated on a straight-line basis at the following rates per annum: 樓宇裝修、大型設備及設備系統每年5% 5% per annum 傢具及設備每年20% - 25 % Fixtures and equipment 20% - 25% per annum 大學校舍座落於西貢約60公頃之土地，由香港特別行政區政府(「香港特區政府」)按名義租金批出，為期58年，至2047年6月30日止。校園樓宇按直線法依照每年2%計算折舊。 Construction in progress Fixtures and equipment 樓宇裝修、大型設備 及設備系統 Building improvements, major equipment and services systems Building improvements, major equipment and services systems 在2012年12月21日，香港特區政府按名義租金及以370：150之比例批予大學及香港浸會大學(「浸大」)一幅位於將軍澳約3,490平方米之土地作為興建一座合辦學生宿舍之用，為 期50年，至2062年12月20日止。根據兩位受批者於2015年4月23日所簽下的撤銷合同中，浸大退出該項合建項目，以及雙方同意以無代價轉讓及分配由浸大所持有該土地的所有 權利、產權及權益給大學。待發出新的批地証之際，大學於以上提及的合同簽訂日起已被視作為獨自擁有該項物業之所有權益。 On 21 December 2012, a piece of land situated in Tseung Kwan O of approximately 3,490 square metres was granted to the University and The Hong Kong Baptist University ('BU') in the proportion of 370:150 by the Government of the HKSAR at a nominal rent for the construction of a joint student hostel for a lease of 50 years up to 20 December 2062. Pursuant to the Cancellation Agreement signed by both grantees on 23 April 2015, BU withdrew from the joint construction project and both parties agreed the transfer and assignment of all the rights, title and interest in the land held by BU to the University at nil consideration. Pending issue of the new land grant, the University is deemed to have possession of the sole ownership of the property with effect from the aforesaid agreement signing date. The University campus is situated on approximately 60 hectares of land in Sai Kung under lease from the Government of The Hong Kong Special Administrative Region ('HKSAR') at a nominal rent for 58 years through 30 June 2047. The campus buildings are depreciated on a straight-line basis at 2% per annum. A piece of land situated at Shenzhen of approximately 7,437 square metres was granted at a nominal amount to HKUST R&D Corporation (Shenzhen) Limited, a subsidiary of the Group, by the Shenzhen Municipal Government for the construction of an Industry-Education-Research base for 50 years through 28 June 2057. The respective building is depreciated over the remaining lease term. 深圳市政府按名義租金批予集團其中一間附屬公司─ 港科大研究開發(深圳)有限公司一幅位於深圳約7,437平方米之土地作為興建產學研基地之用，為期50年，至2057年6月28日 止。該等樓宇按餘下租約年期計算折舊。 22 7. 無形資產 INTANGIBLE ASSETS 電腦軟件 百萬元 $million 成本 COST 2013年6月30日之結餘98 Balance as at 30 June 2013 添置5 Additions 撇減(6) Disposals 2014年6月30日之結餘97 Balance as at 30 June 2014 添置4 Additions 撇減0 Disposals 2015年6月30日之結餘101 Balance as at 30 June 2015 攤銷 AMORTISATION 2013年6月30日之結餘64 Balance as at 30 June 2013 本年度計算之攤銷18 Amortisation charge for the year 撇減(6) Disposals 2014年6月30日之結餘76 Balance as at 30 June 2014 本年度計算之攤銷19 Amortisation charge for the year 撇減0 Disposals 2015年6月30日之結餘95 Balance as at 30 June 2015 賬面淨值 NET BOOK VALUE 2015年6月30日之結餘6 Balance as at 30 June 2015 2014年6月30日之結餘21 Balance as at 30 June 2014 電腦軟件資產按直線法每年25%計算攤銷。 Computer software is amortised on a straight-line basis at 25% per annum. Computer Software 23 8. 財務資產 FINANCIAL ASSETS 2015 2014 百萬元百萬元 $million $million 持至到期日財務資產，按攤銷成本 Held-to-Maturity Financial Assets, at amortised cost 上市2 4 Listed 非上市106 109 Unlisted 108 113 於一年內到期37 5 Maturing within one year 於一年後到期71 108 Maturing after one year 108 113 按公平值透過損益記賬之財務資產(附註a) Financial Assets at Fair Value through Profit or Loss (Note a) 上市股權基金1,150 1,455 Listed Equity Funds 非上市股權基金941 634 Unlisted Equity Funds 上市固定收入基金0 324 Listed Fixed Income Funds 非上市固定收入基金1,108 818 Unlisted Fixed Income Funds 非上市實物基金552 667 Unlisted Real Assets Funds 非上市對沖基金407 392 Unlisted Hedge Funds 非上市私人投資13 5 Unlisted Private Investment 4,171 4,295 可供出售財務資產 Available-for-Sale Financial Assets 非上市股權證券，按成本(附註b) 1 1 Unlisted Equity Securities, at cost (Note b) 上市股權證券，按市值21 18 Listed Equity Securities, at market value 22 19 財務資產主要以港元及美元為單位。 Financial assets are mainly denominated in Hong Kong dollars and United States dollars. 附註 : Notes : (a) 公平值乃參考活躍市場或基金經理報價釐定。 The fair value was determined by reference to bid prices quoted in active markets or by fund managers. (b) The unlisted available-for-sale equity securities at cost represent an investment in an unlisted equity security issued by a private entity. It is measured at cost less impairment at each balance sheet date. The range of reasonable fair values of the asset is quite wide. Management of the Group is of the opinion that its fair value cannot be measured reliably. 由私人公司發行之非上市股權證券乃按成本扣除結算日減值計量，原因為合理公平值之估計範圍太大，集團管理層認為其公平值不能可靠計 量。 24 9. 於聯營公司權益 INTEREST IN AN ASSOCIATE 2015 2014 百萬元百萬元 $million $million 所佔淨資產64 66 Share of net assets 擁有權益 業務Proportion of 架構模式Nominal Value of Form of Issued Capital 持有股本類別 Business Held by Class of 主要活動 Structure the Group Shares Held Principal Activity 深港產學研基地事業法人單位33% 注入資本 2015 2014 百萬元百萬元 $million $million 下文載列為聯營公司之財務資料概要： The summarised financial information in respect of the associate is set out below: 總資產244 246 Total assets 總負債(50) (46) Total liabilities 資產淨值194 200 Net assets 集團應佔聯營公司之資產淨值64 66 Group's share of net assets of the associate 營業額40 42 Turnover 本年度溢利2 24 Profit for the year 集團年內應佔聯營公司業績1 8 Group's share of results of the associate for the year To engage in technology commercialization, incubation of start-up companies, provision of research and technology management services, training of senior management and administrative executives. Capital Contribution 註冊及營運地點 Place of Incorporation 致力於科技商業化，培育新 公司，提供研究和技術管理 服務，培訓高級管理人員及 行政專才。 and Operation 中華人民共和國 Institutional Organization People's Republic of China 聯營公司名稱 PKU-HKUST Shenzhen-Hong Kong Institution Name of Associate 25 10. 於合資企業權益 INTEREST IN A JOINT VENTURE 2015 2014 百萬元百萬元 $million $million 所佔淨資產(附註) (1) 0 Share of net assets (Note) 擁有股權 註冊及營運地點Proportion of 業務架構模式Place of Nominal Value Form of Incorporation 持有股本類別of Issued Percentage of 業務性質 Business and Class of Capital Held by Voting Power Structure Operation Shares Held the Group of the Board 中外合資中華人民共和國注入資本51% 60% 附註： Note: 本集團有責任補足該合資企業的虧損。 The Group has an obligation to make up the losses of the joint venture. Nature of Business People's Republic of China Capital contribution The Group holds 51% of the share capital of ZAMI and has appointed 3 out of 5 directors on the Board representing 60% of voting power of the Board. However, under the memorandum and articles of association and shareholders' agreement of ZAMI, all significant events including financial and operating policies must be mutually agreed by the Group and the other significant shareholder. Therefore, ZAMI is classified as a joint venture of the Group. Sino-foreign joint venture 集團持有“浙江港科大”之51%股權，並於5席之董事局內佔有3席，相當於60%之投票權。但是，根據“浙江港科大”之公司章程及股東協議 ，所有重大之事項包括財務及營運之決策必須得到集團及另一主要股東一致決議通過，因此，集團把“浙江港科大”歸類為合資企業。 促進製造業 的研究工作 Zhejiang Advanced Manufacturing Institute of HKUST Co. Ltd. ('ZAMI') 於董事局之投 票權 合資企業名稱 Name of Joint Venture 浙江港科大先進製造研究所 有限公司(「浙江港科大」) 26 Promotion of research for manufacturing business 11. 應收賬款及預付款項 ACCOUNTS RECEIVABLE AND PREPAYMENTS 2015 2014 百萬元百萬元 $million $million 預付款項及按金33 26 Prepayments and Deposits 應收賬款169 231 Accounts Receivable 202 257  應收賬款於發出通知後須立即償還。 Accounts receivable are repayable on demand.   應收賬款主要以港元為單位。 The accounts receivable are mainly denominated in Hong Kong dollars. 在衡量應收賬款之還款能力時，集團考慮其由給予信貸日至報告日期間之信貸質素變化。已過期 而無作減值撥備之應收賬款已於本報告日前清付或相關應收賬款過往並無拖欠還款。故此，校董 會認為無需就應收賬款作減值撥備，本集團並無就該等結餘持有任何抵押。 In determining the recoverability of accounts receivable, the Group considers any change in the credit quality of the accounts receivable from the date credit was initially granted up to the financial statements' report date. The accounts receivable past due but not provided for were either subsequently settled as at the date of this report or without historical default of payments by the respective debtor. Accordingly, the Council believes that there is no impairment provision required on these accounts receivable as at the balance sheet date. The Group does not hold any collateral over these balances. 27 12. 現金及等同現金 CASH AND CASH EQUIVALENTS 2015 2014 百萬元百萬元 $million $million 原到期日為三個月或以下之定期存款520 599 Bank Deposits with Original Maturity within Three Months 現金及銀行結餘167 188 Cash at Banks and in Hand 687 787 13. 應付賬款及應計費用 ACCOUNTS PAYABLE AND ACCRUALS 2015 2014 百萬元百萬元 $million $million 應付賬款及應計費用660 547 Accounts Payable and Accruals 應付賬款及應計費用主要以港元為單位。 The accounts payable and accruals are mainly denominated in Hong Kong dollars. 28 14. 教職員福利撥備 PROVISION FOR STAFF BENEFITS 2015 2014 百萬元百萬元 $million $million 退職金79 74 Gratuities 代假期金及其他106 102 Leave Pay and Others 185 176 應付於： Payable: 一年內163 154 Within 1 year 一年後22 22 After 1 year 185 176 29 15. 遞延收益 DEFERRED INCOME 教資會非整筆撥款 整筆撥款資助之 資助活動科研活動所得捐款及 有關活動 其他活動 總計 Total 百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million 2013年6月30日之結餘0 362 169 28 559 Balance as at 30 June 2013 已收 / 應收之款項 Amount received / receivable - 承諾捐款(附註18) 0 0 0 13 13 Pledged Donations (Note 18) - 其他1,804 305 272 2 2,383 Others 計入綜合全面收益表 Credited to consolidated statement of comprehensive income - 政府資助及撥款(附註3.1) (1,725) (222) (80) 0 (2,027) Government Subventions and Grants (Note 3.1) - 項目贊助(附註3.3)或捐款0 (25) 0 (9) (34) Projects Sponsorships (Note 3.3) or Donations (1,725) (247) (80) (9) (2,061) 轉至資本儲備(附註16) (79) (25) (177) (8) (289) 外幣換算之差額0 (1) 0 0 (1) 2014年6月30日之結餘0 394 184 26 604 Balance as at 30 June 2014 已收 / 應收之款項 Amount received / receivable - 承諾捐款(附註18) 0 0 0 38 38 Pledged Donations (Note 18) - 其他1,968 311 239 0 2,518 Others 計入綜合全面收益表 Credited to consolidated statement of comprehensive income - 政府資助及撥款(附註3.1) (1,872) (280) (23) 0 (2,175) Government Subventions and Grants (Note 3.1) - 項目贊助(附註3.3)或捐款0 (22) 0 (11) (33) Projects Sponsorships (Note 3.3) or Donations (1,872) (302) (23) (11) (2,208) 轉至資本儲備(附註16) (96) (41) (150) (6) (293) 外幣換算之差額0 0 0 0 0 2015年6月30日之結餘0 362 250 47 659 Balance as at 30 June 2015 Other Activities Donations and Related Activities Exchange differences arising from retranslation Exchange differences arising from retranslation Transfer to Capital Reserves (Note 16) Non-Block Grant funded Research Activities UGC Block Grant - funded Activities Transfer to Capital Reserves (Note 16) 30 16. 資本儲備 CAPITAL RESERVES 物業、機器 及設備 電腦軟件 Computer 總計 Software Total 百萬元百萬元百萬元 $million $million $million (附註6) (附註7) (Note 6) (Note 7) 2013年7月1日之結餘4,361 34 4,395 Balance as at 1 July 2013 (i) 經遞延收益賬資金購置之項目(附註24.14 / 24.15) Items funded through Deferred Income Account (Notes 24.14 / 24.15) 相當於添置物業、機器及設備及電腦軟件之款項轉撥自遞延收益(附註15) 285 4 289 相當於折舊及攤銷之款項轉撥至綜合全面收益表(181) (18) (199) (ii) 以滾存於儲備結餘之未使用收益購置的項目(附註24.14 / 24.15) Items funded by unspent income retained in reserves (Notes 24.14 / 24.15) 轉撥自 / (至)有關儲備： Transferred from / (to) respective reserves: 相當於添置物業、機器及設備及電腦軟件之款項 Amounts equivalent to additions to Property, Plant and Equipment and Computer Software 教資會整筆撥款儲備2 0 2 UGC Block Grants Reserves 所得捐款及配對撥款儲備110 0 110 Donations and Matching Grants Reserves 其他儲備15 1 16 Other Reserves 127 1 128 相當於折舊及攤銷之款項 Amounts equivalent to depreciation and amortisation charges 教資會整筆撥款儲備(6) 0 (6) UGC Block Grants Reserves 所得捐款及配對撥款儲備(6) 0 (6) Donations and Matching Grants Reserves 其他儲備(27) 0 (27) Other Reserves (39) 0 (39) 由有關儲備淨轉撥(備註) 88 1 89 Net transfer from respective reserves (Remark) (iii) 外幣換算之差額(2) 0 (2) Exchange differences arising from retranslation 2014年6月30日之結餘4,551 21 4,572 Balance as at 30 June 2014 備註： Remark: 淨轉撥自 / (至)： Net Transfer from / (to): 教資會整筆撥款儲備(附註17) (4) 0 (4) UGC Block Grants Reserves (Note 17) 所得捐款及配對撥款儲備(附註17) 104 0 104 Donations and Matching Grants Reserves (Note 17) 其他儲備(附註17) (12) 1 (11) Other Reserves (Note 17) 88 1 89 Amounts equivalent to additions to Property, Plant and Equipment and Computer Software transferred from Deferred Income (Note 15) Amounts equivalent to depreciation and amortisation charges transferred to Consolidated Statement of Comprehensive Income Property, Plant & Equipment 31 16. 資本儲備(續) CAPITAL RESERVES (Cont'd) 物業、機器 及設備 電腦軟件 Computer 總計 Software Total 百萬元百萬元百萬元 $million $million $million (附註6) (附註7) (Note 6) (Note 7) 2014年7月1日之結餘4,551 21 4,572 Balance as at 1 July 2014 (i) 經遞延收益賬資金購置之項目(附註24.14 / 24.15) Items funded through Deferred Income Account (Notes 24.14 / 24.15) 相當於添置物業、機器及設備及電腦軟件之款項轉撥自遞延收益(附註15) 290 3 293 相當於折舊及攤銷之款項轉撥至綜合全面收益表(202) (18) (220) (ii) 以滾存於儲備結餘之未使用收益購置的項目(附註24.14 / 24.15) Items funded by unspent income retained in reserves (Notes 24.14 / 24.15) 轉撥自 / (至)有關儲備： Transferred from / (to) respective reserves: 相當於添置物業、機器及設備及電腦軟件之款項 Amounts equivalent to additions to Property, Plant and Equipment and Computer Software 教資會整筆撥款儲備2 0 2 UGC Block Grants Reserves 所得捐款及配對撥款儲備169 0 169 Donations and Matching Grants Reserves 其他儲備48 1 49 Other Reserves 219 1 220 相當於折舊及攤銷之款項 Amounts equivalent to depreciation and amortisation charges 教資會整筆撥款儲備(4) 0 (4) UGC Block Grants Reserves 所得捐款及配對撥款儲備(14) 0 (14) Donations and Matching Grants Reserves 其他儲備(28) (1) (29) Other Reserves (46) (1) (47) 由有關儲備淨轉撥(備註) 173 0 173 Net transfer from respective reserves (Remark) (iii) 外幣換算之差額1 0 1 Exchange differences arising from retranslation 2015年6月30日之結餘4,813 6 4,819 Balance as at 30 June 2015 備註： Remark: 淨轉撥自 / (至)： Net Transfer from / (to): 教資會整筆撥款儲備(附註17) (2) 0 (2) UGC Block Grants Reserves (Note 17) 所得捐款及配對撥款儲備(附註17) 155 0 155 Donations and Matching Grants Reserves (Note 17) 其他儲備(附註17) 20 0 20 Other Reserves (Note 17) 173 0 173 Amounts equivalent to depreciation and amortisation charges transferred to Consolidated Statement of Comprehensive Income Property, Plant & Equipment Amounts equivalent to additions to Property, Plant and Equipment and Computer Software transferred from Deferred Income (Note 15) 32 17. 教資會整筆撥款儲備、所得捐款及配對撥款儲備及其他儲備 UGC BLOCK GRANT RESERVES, DONATIONS AND MATCHING GRANTS RESERVES, AND OTHER RESERVES 一般及研究項目 發展儲備及其他 其他儲備 小計留本指定非指定小計總計 Sub-total Endowments Designated Unspecified Sub-total Total 百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million $million $million $million 2013年6月30日之結餘1,042 83 1,125 842 483 1,300 2,625 1,315 5,065 Balance as at 30 June 2013 本年度稅後盈餘 / (虧損) 161 (35) 126 49 (29) 252 272 204 602 Surplus / (Deficit) for the year after taxation 轉撥自 / (至)資本儲備(附註16 / 24.14) 0 4 4 0 (45) (59) (104) 11 (89) Transfer from / (to) Capital Reserves (Note 16 / 24.14) 外幣換算之差額0 0 0 0 1 0 1 0 1 Exchange difference arising from retranslation 其他資金轉撥(30) 30 0 5 21 (9) 17 (17) 0 Other inter-fund transfer 2014年6月30日之結餘1,173 82 1,255 896 431 1,484 2,811 1,513 5,579 Balance as at 30 June 2014 本年度稅後盈餘 / (虧損) 31 (31) 0 53 (43) (99) (89) 84 (5) Surplus / (Deficit) for the year after taxation 轉撥自 / (至)資本儲備(附註16 / 24.14) 0 2 2 0 (10) (145) (155) (20) (173) Transfer from / (to) Capital Reserves (Note 16 / 24.14) 外幣換算之差額0 0 0 0 1 0 1 (1) 0 Exchange difference arising from retranslation 其他資金轉撥(40) 40 0 195 (162) (33) 0 0 0 Other inter-fund transfer 2015年6月30日之結餘1,164 93 1,257 1,144 217 1,207 2,568 1,576 5,401 Balance as at 30 June 2015 註： Note :  非指定儲備包括教資會配對撥款餘額為671百萬元(2014: 748百萬元)，其餘的536百萬元(2014: 736百萬元)乃沒有指定用途的捐款。 Unspecified reserves included unspent balance of UGC Matching Grants of $671 million (2014: $748 million) and the rest was donations without designated usage of $536 million (2014: $736 million).  受限制儲備(包括教資會整筆撥款儲備、留本及指定儲備以及教資會配對撥款)合共3,289百萬元(2014: 3,330百萬元)。 The total restricted reserves (including UGC Block Grant Reserves, Endowments and Designated Reserves and UGC Matching Grants) amounted to $3,289 million (2014: $3,330 million).  不受限制儲備包括沒有指定用途的捐款及其他儲備合共2,112百萬元(2014: 2,249百萬元)。 The total unrestricted reserves, including the unspecified donations and Other Reserves, amounted to $2,112 million (2014: $2,249 million). Research Projects and Others General and Development Reserve Other Reserves 教資會整筆撥款儲備所得捐款及配對撥款儲備 UGC Block Grant Reserves Donations and Matching Grants Reserves 33 34 18. 承諾捐款 PLEDGED DONATIONS 資本項目其他活動 之所得捐款之所得捐款 總計 Total 百萬元百萬元百萬元 $million $million $million 於2013年6月30日未兌現之款額33 86 119 Outstanding amount as at 30 June 2013 新增之承諾捐款0 51 51 New pledges 在本年度已收之捐款並於綜合全面收益表確認0 (11) (11) 在本年度已收之捐款並記入遞延收益賬項(附註15) (7) (6) (13) 於2014年6月30日未兌現之款額26 120 146 Outstanding amount as at 30 June 2014 新增之承諾捐款110 74 184 New pledges 在本年度已收之捐款並於綜合全面收益表確認(註) 0 (75) (75) 在本年度已收之捐款並記入遞延收益賬項(附註15) (27) (11) (38) Amounts received during the year credited to Deferred Income (Note 15) 於2015年6月30日未兌現之款額109 108 217 Outstanding amount as at 30 June 2015 註： Footnote: 2015 捐款收入百萬元 Donation Income $million 在本年度已收並於綜合全面收益表直接確認之承諾捐款 75 11 在本年度綜合全面收益表確認之捐款收入(第6頁) 86 Total donation income recognised in consolidated statement of comprehensive income during the year (page 6) Amount of pledged donations received during the year and recognised directly in consolidated statement of comprehensive income Amount of pledged donations initially credited to Deferred Income and subsequently recognised in consolidated statement of comprehensive income during the year (Note 15) Donations for Other Activities Donations for Capital Projects income Amount received during the year recognised in consolidated statement of comprehensive income (Footnote) 先記入遞延收益賬項並其後於本年度綜合全面收益表確認之承諾捐款(附註15) Amount received during the year recognised in consolidated statement of comprehensive Amounts received during the year credited to Deferred Income (Note 15) 19. 財務風險管理 FINANCIAL RISK MANAGEMENT 19.1 金融工具分類 CATEGORIES OF FINANCIAL INSTRUMENTS 2015 2014 百萬元百萬元 $million $million 財務資產 Financial Assets 貸款及應收款 Loans and Receivables 應收賬款及按金172 236 Accounts receivable and deposits 銀行存款1,661 1,375 Bank deposits 現金及等同現金687 787 Cash and cash equivalents 可供出售財務資產22 19 Available-for-Sale Financial Assets 按公平值透過損益記賬之財務資產4,171 4,295 Financial Assets at Fair Value through Profit or Loss 持至到期日財務資產108 113 Held-to-Maturity Financial Assets 6,821 6,825 財務負債 Financial Liabilities 其他按攤銷成本入賬之財務負債 Other Financial Liabilities at Amortised Cost 應付賬款及應計費用380 297 Accounts Payable and Accruals 19.2 財務風險因素19.2 FINANCIAL RISK FACTORS 集團活動承受各種財務風險：如市場風險(包括外匯 風險、利率風險及價格風險)、信貸風險及流動資金 風險。集團風險管理著重於控制因財務市場的不能 預計因素而引起的影響及嘗試對本集團財務表現的 可能負面影響減至最低。行政部門會肩負起風險管 理責任及定期監察集團面對的風險。 The Group's activities expose it to a variety of financial risks: market risk (including foreign currency risk, interest rate risk and price risk), credit risk and liquidity risk. The Group's overall risk management focuses on controlling the impact arising from unpredictability of financial markets and seeks to minimise potential adverse effects on the Group's financial performance. The Administration assumes the risk management responsibility and monitors regularly the risk exposures of the Group. 35 19. 財務風險管理(續) 19. FINANCIAL RISK MANAGEMENT (Cont'd) 19.2 財務風險因素(續) 19.2 FINANCIAL RISK FACTORS (Cont'd) (a) 市場風險(a) Market risk (i) 外匯風險(i) Foreign currency risk (ii) 利率風險(ii) Interest rate risk Since currency movements tend to have a much smaller impact on portfolio performance in the long run, no hedging for non-USD currency exposure will be arranged under normal circumstances. Such currency exposure management policy is subject to periodic review and hedging may be arranged when situation warrants. As at 30 June 2015, the percentages of financial assets denominated in HKD, USD, RMB and other currencies to total financial assets were 32.1% (2014: 29%), 63.3% (2014: 66.2%), 4.5% (2014: 4.7%) and 0.1% (2014: 0.1%), respectively. 集團需承受由定期存款所產生的利率風險。因 定期存款通常在三個月至六個月內到期，所以 其風險不高。假設其他可變動項目保持不變， 倘利率上升或下跌50個基點，集團截至2015年6 月30日止年度的盈餘會增加/ 減少約1,090萬元 (2014年為990萬元)。 於2015年6月30日，以港元、美元、人民幣及其 他幣值計值的金融資產值約分別佔總金融資產 值的32.1%(2014 年為29%) 、63.3%(2014 年為 66.2%) 、4.5%(2014 年為4.7%) 及0.1%(2014 年為 0.1%)。 預期長遠而言貨幣波動對投資組合表現的影響 較少，因此正常情況下不會安排非美元貨幣的 對沖。我們將會定期對現有的貨幣風險管理政 策進行檢討，必要時或會進行對沖安排。 Market risk represents the risk that the value of financial assets will decrease as a result of movements in market variables such as foreign currency exchange rates, interest rates and stock prices. The Group is exposed to market risk mainly through the investment funds it holds. The Group's investments comprise equities, debt securities, real assets investment funds, hedged funds, private investments and fixed deposits. The investment strategy of the Group is to invest prudently in order to preserve capital and achieve optimal risk diversification while generating a stable return and the required liquidity. The Group employs external investment managers to manage a proportion of its investments, and delegates the Finance Office of the University to manage fixed deposits and some of the fixed income instruments. The Group is exposed to foreign currency risks primarily arising from its United States dollars ('USD') denominated investments that are managed by investment managers. As HKD is pegged to the USD, the Group considers the risk from movements in exchange rates between the HKD and USD to be insignificant. 集團面對之外匯風險主要來自投資經理管理之 美元計值投資。但由於港元與美元掛鈎，集團 預期因港元與美元匯率變化而產生之風險不 大。 市場風險是因匯率、利率及股票價格等市場變數出 現變動而引致財務資產出現虧損的風險。本集團承 受的市場風險主要來自其持有的投資資金。本集團 的投資包括股本證券、債券、實物投資基金、對沖 基金、私人投資及定期存款。本集團的投資策略是 審慎地投資以保障本金及實現適當分散風險，同時 取得穩定回報及流動資金。本集團從外委聘投資經 理管理部分投資，也授權財務處管理定期存款及其 中一些定息工具。 36 The Group is exposed to interest rate risk in relation to its fixed deposits. As the fixed deposits usually mature within three to six months, the risk exposure is considered not material. If interest rates had been 50 basis points higher / lower, with all other variables held constant, the Group's surplus for the year ended 30 June 2015 would increase / decrease by approximately $10.9 million (2014: $9.9 million). 19. 財務風險管理(續) 19. FINANCIAL RISK MANAGEMENT (Cont'd) 19.2 財務風險因素(續) 19.2 FINANCIAL RISK FACTORS (Cont'd) (a) 市場風險(續) (a) Market risk (Cont'd) (iii) 價格風險(iii) Price risk (b) 信貸風險(b) Credit risk (c) 流動資金風險(c) Liquidity risk 本集團的大部份負債到期日為結算日後半年內。管 理流動資金風險方面，本集團會監察及維持現金及 現金等值項目於充足的水平，以應付日常營運所 需。 Most of the Group's liabilities are within six months from the respective balance sheet date. To manage the liquidity risk, the Group monitors and maintains a level of cash and cash equivalents to fulfill the normal liquidity needs. Cash and cash equivalents and bank deposits are placed with counterparties with credit-ratings of investment grade or above assigned by international credit-ratings agencies. Held-to-maturity financial assets, financial assets at fair value through profit or loss and available-for-sale financial assets are rated investment grade or above. 集團並無過度集中信貸風險，因擁有多名對手方， 可分散風險。 The Group has no significant concentration of credit risk, with exposure spread over a number of counterparties. The Group's maximum exposure to credit risk in the event of the counterparties' failure to perform their obligations as at 30 June 2014 and 30 June 2015 in relation to each class of recognised financial assets is the carrying amount of those assets as stated in the consolidated balance sheet. 現金及等同現金和定期存款，均存放於獲國際信貸 機構給予投資級別或以上信貸評級之對手方。持至 到期日財務資產、按公平值透過損益記賬財務資產 及可供出售財務資產均評為投資級別或以上。 倘訂約各方於2014年6月30日及2015年6月30日未能履 行有關各類已確認金融資產之責任，則本集團之信 貸風險最高為於綜合資產負債表所示資產的賬面 值。 集團面對之證券價格風險主要來自由投資經理 所管理的投資基金。證券價格風險會於不同市 場、行業及資產類別設定分散投資的方法來管 理。於2015年6月30日，若價格上升/ 下跌5%， 在其他所有變數維持不變的情況下，本集團截 至2015年6月30日止年度的盈餘將增加/ 減少約 21,000萬元(2014年為21,600萬元)。 The Group is mainly exposed to securities price risk from its investments managed by investment managers. Securities price risk is managed by diversification of investments in different markets, sectors and assets types. At 30 June 2015, if the prices of the respective investments had been 5% higher / lower, with all other variables held constant, the Group's surplus for the year ended 30 June 2015 would increase / decrease by approximately $210 million (2014: $216 million). 集團之主要財務資產為現金及等同現金、定期存 款、應收賬款、持至到期日財務資產、可供出售財 務資產及按公平值透過損益記賬財務資產。 The Group's principal financial assets are cash and cash equivalents, bank deposits, accounts receivable, held-to-maturity financial assets, available-for-sale financial assets and financial assets at fair value through profit or loss . 集團之信貸風險主要來自應收賬款。於綜合資產負 債表內之金額為扣除呆賬準備後淨額，由集團管理 層根據過往經驗及經濟現況作出評估。 The Group's credit risk is primarily attributable to its accounts receivable. The amounts represented in the consolidated balance sheet are net of allowances for doubtful receivable, estimated by the Group's management based on past experience and their assessment of the current economy. 37 19. 財務風險管理(續) FINANCIAL RISK MANAGEMENT (Cont'd) 19.3 資本管理 CAPITAL MANAGEMENT 本集團因應經濟情況的變化和其活動風險特徵來管理其資本結構並作出相應調整。 19.4 公平值估算 FAIR VALUE ESTIMATION (a) 以公允價值列賬的金融資產 Financial assets carried at fair value 以下列表提供於綜合資產負債表按公平值計量之本集團金融工具之分析，按下列公平值計量等級歸類：  相同資產或負債在活躍市場之報價(第一等級) Quoted prices in active markets for identical assets or liabilities (level 1)  除了第一等級所包括之報價外，該資產和負債之可觀察資料，可為直接或間接(第二等級）  資產和負債並非依據可觀察市場數據之資料(第三等級） Inputs for the asset or liability that are not based on observable market data (level 3) 第一等級第二等級第三等級總計 百萬元百萬元百萬元百萬元 Level 1 Level 2 Level 3 Total $million $million $million $million 於2015年6月30日 As at 30 June 2015 按公平值透過損益記賬之財務資產3,323 834 14 4,171 Financial assets at fair value through profit or loss 可供出售財務資產21 0 0 21 Available-for-sale financial assets 於2014年6月30日 As at 30 June 2014 按公平值透過損益記賬之財務資產3,459 831 5 4,295 Financial assets at fair value through profit or loss 可供出售財務資產18 0 0 18 Available-for-sale financial assets 集團的資金由資本儲備、教資會整筆撥款儲備、所得捐款及配對撥款儲備、其他儲備及投資重估儲備組成，該等儲備是為著各樣指定目 的而設立，並詳列於附註16及17內。集團的目標是保持足夠儲備以配合集團現在及將來營運支出需要。集團的整體策略如往年一樣維持 不變。 The Group's funds consist of Capital Reserves, UGC Block Grant Reserves, Donations and Matching Grants Reserves, Other Reserves and Investment Revaluation Reserve, which are set up for various designated purposes as described in notes 16 and 17. It is the Group's objective to maintain sufficient reserves to support the Group's current and future operating expenditure requirements. The Group's overall strategy remains unchanged from prior years. The Group manages its capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of its activities. The tables below provide an analysis of the Group's financial instruments that are measured at fair value in the consolidated balance sheet, grouped by level of the following fair value measurement: Inputs other than quoted prices included within level 1 that are observable for the asset or liabilit either directly or indirectly (level 2) 38 19. 財務風險管理(續) FINANCIAL RISK MANAGEMENT (Cont'd) 19.4 公平值估算(續) FAIR VALUE ESTIMATION (Cont'd) 用以進行第三等級財務工具公允值估值之特定估值方法包括現金流折讓分析、盈利倍數及淨權益法。 按公允值計算之第三等級財務工具於年內之變動如下： The movements of the Level 3 financial instruments measured at fair value during the year are as follows: 2015 2014 百萬元百萬元 $million $million 年初之結餘5 0 Balance at the beginning of the year 購入7 4 Acquisitions 已計入綜合全面收益表內利息及投資收入之收益或虧損總額2 1 年終之結餘14 5 Balance at the end of the year 於年結結束日確認於綜合全面收益表內之未實現盈利或虧損變動2 1 已計入綜合全面收益表內利息及投資收入之收益或虧損總額2 1 (b) 不以公允價值列賬的金融資產 Financial assets carried at other than fair value 於二零一五年於二零一五年 六月三十日六月三十日 的賬面金額的公允價值 Carrying Fair amount at value at 第一等級第二等級第三等級 30 June 2015 30 June 2015 Level 1 Level 2 Level 3 百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million 持有至到期日債務證券108 121 2 119 0 Held-to-maturity debt securities 可供出售財務資產1 Available-for-Sale Financial Assets 屬於第二級證券的公允價值乃參考知名金融市場資料提供者所提供之報告日價格而釐定，並使用報告期末之匯率折算。 於二零一五年六月三十日按公允價值計量 The fair value of the securities under Level 2 is determined by reference to the prices at the reporting date provided by the well-known financial market data provider and have been translated using the foreign currency at the end of the reporting period where appropriate. Specific valuation techniques including discounted cash flow analysis, earning multiple and net equity method are used to determine fair value for the Level 3 financial instruments. Changes in unrealized gains or losses for the year included in Consolidated Statement of Comprehensive Income at the end of the year Total gains or losses for the year included in Consolidated Statement of Comprehensive Income, under Interest and Investment Income Total gains or losses recognized under Interest and Investment Income in Consolidated Statement of Comprehensive Income Not available 未能提供 39 Fair value measurements as at 30 June 2015 20. 承擔 COMMITMENTS 2015 2014 百萬元百萬元 $million $million (a) 資本承擔 Capital Commitments 以下為未於財務報表作出準備之未履行資本承擔： 已簽約411 526 Contracted for 已獲授權但尚未簽約1,676 807 Authorised but not contracted for 2,087 1,333 上述未履行承擔的資本來源： Funding support for the above outstanding capital commitments: 2015 2014 百萬元百萬元 $million $million 源自集團其他資本之金額 - 已確認為收入並留存於教資會整筆撥款儲備之金額111 86 Amounts recognised as Income and retained in UGC Block Grant Reserves - 將會從其他儲備中分配之金額943 390 Other amounts representing other reserves to be allocated 已收取並反映於遞延收益於6月30日之金額103 52 Amounts received and reflected as deferred income as at 30 June 教資會已批准但未收到之撥款金額240 196 Amounts in respect of UGC Grants approved but not yet received 已向教資會申請之撥款金額590 590 Amounts in respect of UGC Grants under application 捐獻者承諾之金額100 19 Amounts pledged by donors 2,087 1,333 2015 2014 百萬元百萬元 $million $million (b) 營運租約之承擔 Operating Lease Commitments (i) 一年內11 12 In one year 第二至第五年內15 6 In the second to fifth years inclusive 26 18 (ii) 於6月30日，集團擁有不可撤銷營運租賃之日後最低租賃收入合共如下： 一年內2 3 In one year Outstanding capital commitments not provided for in the financial statements were as follows: As at 30 June, the Group had future aggregate minimum lease income under non-cancellable operating leases as follows: As at 30 June, the Group had future aggregate minimum lease payments under non-cancellable operating leases payable as follows: Amounts to be financed by the Group's Resources 於6月30日，集團於不可撤銷營運租約之條款下所簽定之日後最低租賃付款合共 如下： 40 21. 關聯方交易 RELATED PARTY TRANSACTIONS 已包括在附註四 ─ 高收入員工薪酬內的主要管理人員之酬金如下： 2015 2014 百萬元百萬元 $million $million 薪金及其他短期僱員福利65 56 Salaries and other short-term employee benefits 離職後福利5 4 Post employment benefits 70 60 Due to the nature of the University's operations and the composition of the University Council (being drawn from the University, private and public sector organizations), it is inevitable that transactions will take place with organizations in which a member of the University Council may have an interest. All transactions including procurement of goods and services as well as donations involving members of the University Council or key management personnel or organizations in which they may have an interest are conducted on an arm's length basis and in accordance with the University's financial regulations and normal procurement procedures. Below is the compensation of the key management personnel whom have also been included in Note 4 - Remuneration of Higher Paid Staff: 由於大學獨特的營運方式及校董會之成員組合(從大學、私人和公營機構推選)，大學難免和 這些與校董會成員有關的機構有所交易。所有牽涉大學校董會成員或主要管理人員或與該等 人士有利益關係的機構之採購及捐款活動均以正常基礎及按照大學的財務規條及正常採購程 序進行。 41 22. 附屬公司 SUBSIDIARIES 於2015年6月30日，大學之主要附屬公司如下： At 30 June 2015, the University's principal subsidiaries were as follows: 註冊地點 / 國家 Place / Country of Incorporation 直接持有間接持有 Direct Indirect 香港100% - 不活動 Hong Kong Dormant 香港科大地產有限公司香港100% - 不活動 HKUST Properties Limited Hong Kong Dormant 香港科大研究開發有限公司香港100% - Hong Kong 中華人民共和國- 100% HKUST R and D Corporation (Guangzhou) Limited 中華人民共和國- 100% 中華人民共和國- 100% 中華人民共和國100% - The HKUST Shenzhen Research Institute 擁有股權 附屬公司 of Issued / Registered Capital Nominal Value Proportion of 主要活動 Principal Activity 廣州市香港科大霍英東研究院 香港科技大學持續進修學院有限公司 致力於珠江三角洲地區把科技商 業化。包括工業合同、技術授 權、培育新公司及其它研究和技 術服務。 To engage in technology commercialisation including industrial contracting, licensing, incubation of start-up companies and research and technical services in the Pearl River Delta Area. HKUST College of Lifelong Learning Limited People's Republic of China HKUST R and D Corporation (Shenzhen) Limited People's Republic of China 廣州香港科大研究開發有限公司 Hong Kong University of Science and Technology R and D Corporation Limited Subsidiary Held by the University Facilitation of the University's education, training, research and incubation activities in the People's Republic of China. 港科大研究開發(深圳)有限公司 香港科技大學深圳研究院擔任聯絡人，協助科大在中華人 民共和國的教育、培訓、研究及 孕育活動等。 Guangzhou HKUST Fok Ying Tung Research Institute People's Republic of China People's Republic of China To engage in basic scientific research, technology innovation and associated research and development activities, as well as training of management and advanced technology personnel. 致力於基本科學的研究，科技的 創新及相關科研活動的推廣，先 進科技人才及管理人員的培訓。 42 23. 主要會計估計及判斷23. 物業、機器及設備之折舊及電腦軟件之攤銷 投資估值 持至到期日財務資產Held-to-maturity financial assets 呆壞賬撥備 Depreciation of property, plant and equipment and amortisation of computer software 本集團以預計使用年限計算物業、機器及設備 之折舊及電腦軟件之攤銷。如原先估計之使用 年限未能與事實相符，管理層會修訂其折舊或 攤銷率。 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In determining the carrying amounts of some assets and liabilities, the Group makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. These estimates involve assumptions about such items as risk adjustment to cash flows or discount rates used, future changes in salaries and future changes in prices affecting other costs. The Group's estimates and assumptions are based on historical experience and expectations of future events and are reviewed periodically. In addition to assumptions and estimations of future events, judgements are also made during the process of applying the Group's accounting policies. The Group determines the estimated useful lives for related depreciation charges for property, plant and equipment and amortisation of computer software. Management will revise the depreciation or amortisation charges where useful lives are different to previously estimated. 在釐定部分資產和負債的賬面金額時，集團就 不確定的未來事件對於資產負債表日該等資產 和負債的影響作出了假設。這些估計涉及對現 金流量風險調整或貼現率、未來薪金變動和影 響其他成本的價格未來變動的假設。集團根據 過去的經驗和對未來事件的預計作出估計和假 設，並定期覆檢。除對未來事件的假設和估計 外，集團採用會計政策時亦需要作出判斷。 The provisioning policy for bad and doubtful debts of the Group is based on the evaluation of collectability and aging analysis of the receivables and on management's judgement. Judgement is required in assessing the ultimate realisation of these receivables, based on the current creditworthiness and the past collection history of each debtor. If the financial conditions of debtors of the Group was to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. 本集團之呆壞賬撥備政策是根據對收回款項之 可能性之評估、賬戶之賬齡分析及管理層之判 斷作出。在評估該等應收款項之最終變現時需 要作判斷，根據每名債務人之現時信譽及過往 收款紀錄。倘本集團債務人之財務狀況惡化， 損害其還款能力，有可能需要額外撥備。 Provision for doubtful receivables Valuation of investments The fair values of financial instruments traded in active markets are based on quoted bid prices at the balance sheet date. The fair values of financial instruments that are not traded in an active market are determined using established valuation techniques. The Group uses its judgement to select a variety of methods and make assumptions that are mainly based on market conditions existing at the end of each reporting period. 在活躍市場買賣的金融工具之公平值根據結算 日的市場報價列賬。沒有活躍市場買賣的金融 工具，其公平值根據既定的估值技術釐定。本 集團利用判斷選取多種方法，並主要根據每個 報告期末當時的市場情況作出假設。 Non-derivative financial assets with fixed or determinable payments and fixed maturity are classified as held-tomaturity financial assets if the Group has the intention and ability to hold them until maturity. In evaluating whether the requirements to classify a financial asset as held-tomaturity are met, management makes significant judgements. Failure in correctly assessing the Group's intention and ability to hold specific investments until maturity may result in reclassification of the whole portfolio as available-for-sale financial assets. 對於有固定或可確定付款和固定到期日的非衍 生金融資產，集團如有意及有能力持有至到期 日，則歸類為持至到期日財務資產投資。在評 估某金融資產是否符合歸類為持至到期日投資 的條件時，管理層需要作出重大判斷。如果未 能對集團是否有意及有能力持有某特定投資至 到期日作出準確的判斷，可能會導致整個投資 組合需被重新歸類為可供出售財務資產。 43 24. 主要會計政策 PRINCIPAL ACCOUNTING POLICIES 24.1 採納新訂 / 經修訂香港財務報告準則 Adoption of new / revised HKFRS 截至2015年6月30日止年度，本集團已採用下列經已生效及與本集團營運有關之新訂及經修訂準則及修訂。 投資實體 Investment Entities 香港會計準則第32號(修訂本) 金融資產和金融負責的抵銷 Amendment to HKAS 32 香港會計準則第36號(修訂本) 非金融資產之可收回金額披露 Amendment to HKAS 36 Annual Improvements 2010-2012 Cycle 香港財務報告準則(修訂本) 香港財務報告準則2011至2013周期的年度改進 Amendments to HKFRSs Annual Improvements 2011-2013 Cycle 香港財務報告準則(修訂本) 香港財務報告準則2010至2012周期的年度改進 Amendments to HKFRSs For the year ended 30 June 2015, the Group has adopted the following new and revised standards and amendments to HKFRS that are effective and relevant to the operations of the Group. Offsetting Financial Assets and Financial Liabilities Amendments to HKFRS 10, HKFRS 12 and HKAS 27 (Revised 2011) 香港財務報告準則第10號、第12號和香港會 計準則第27號(2011年重訂)(修訂本) Financial Instruments: Recoverable Amount Disclosures for Non-Financial Assets 44 本集團已評估採納上述修訂後之影響，認為無論對集團之業績及財務狀況或會計政策及財務報表的呈列，均 無任何重大影響。 The Group has assessed the impact of the adoption of these amendments and considered that there was no significant impact on the Group's results and financial position nor any substantial changes to the Group's accounting policies and presentation of the financial statements. 本集團於編製財務報表時所採用之主要會計政策載列如下。除另有說明外，該等政策於所有呈列之年度內一 直貫徹採用。 The principal accounting policies applied in the preparation of the financial statements of the Group are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. 24. 主要會計政策(續) 24. 24.2 綜合基準24.2 Basis of Consolidation 24.3 於聯營公司權益24.3 Interest in an Associate PRINCIPAL ACCOUNTING POLICIES (Cont'd) A subsidiary is an entity (including a structured entity) over which the group has control. The group controls an entity when the group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases. 附屬公司指本集團對其具有控制權的所 有主體(包括結構性主體)。當本集團因 為參與該主體而承擔可變回報的風險或 享有可變回報的權益，並有能力透過其 對該主體的權力影響此等回報時， 本集 團即控制該主體。附屬公司在控制權轉 移至本集團之日起合併入賬。附屬公司 在控制權終止之日起停止合併入賬。 Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by other members of the Group. Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group's interest in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been changed where necessary to ensure consistency with the policies adopted by the Group. 集團內部所有重大交易及結餘均在綜合 賬內抵銷。 All significant intercompany transactions and balances within the group are eliminated on consolidation. 綜合財務報表包括截至每年6月30日大學 及受大學控制之個體的財務報表。 聯營公司指本集團可對其政策決定作重 要影響之機構，而該機構又不屬於集團 之附屬公司或於合資企業權益。 An associate is an entity over which the Group has significant influence and that is neither a subsidiary nor an interest in a joint venture. The results and assets and liabilities of an associate are incorporated in the consolidated financial statements using the equity method of accounting. Interest in an associate is carried in the consolidated balance sheet at cost as adjusted by post-acquisition changes in the Group's share of the net assets of the associate, less any impairment loss. The consolidated financial statements include the financial statements of the University and entities controlled by the University made up to 30 June each year. 如有需要，會對附屬公司的財務報表作 出調整，使其會計政策與集團其他成員 公司所使用的會計政策保持一致。 聯營公司之業績、資產及負債以權益會 計法列入綜合財務報表。聯營公司權益 按成本值列入綜合資產負債表，其後會 就收購後集團應佔聯營公司之淨資產作 出調整，並扣除投資減值虧損入賬。 本集團與其聯營公司之間交易的未實現 收益按集團在聯營公司權益的數額對 銷。除非交易提供所轉讓資產減值之憑 證，否則未實現虧損亦予以對銷。聯營 公司的會計政策已按需要作出改變，以 確保與本集團採用的政策符合一致。 45 24. 主要會計政策(續) 24. 24.4 於合資企業權益24.4 Interest in a Joint Venture 24.5 物業、機器及設備24.5 Property, Plant and Equipment PRINCIPAL ACCOUNTING POLICIES (Cont'd) 除在建工程外，扣除剩餘估值後，物 業、機器及設備按估計可使用年期以直 線法攤分其成本計算折舊。物業、機器 及設備於備用年度內計算全年折舊。年 度折舊於相關分部之綜合收支內計提。 Joint ventures are accounted for using the equity method and are initially recognised at cost and adjusted thereafter to recognise the Group's share of the post-acquisition profits or losses and movements in other comprehensive income. The Group's investments in joint ventures include goodwill identified on acquisition. Upon the acquisition of the ownership interest in a joint venture, any difference between the cost of the joint venture and the Group's share of the net fair value of the joint venture's identifiable assets and liabilities is accounted for as goodwill. When the Group's share of losses in a joint venture equals or exceeds its interests in the joint ventures (which includes any long-term interests that, in substance, form part of the Group's net investment in the joint ventures), the Group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the joint ventures. Depreciation of property, plant and equipment, other than construction in progress, is calculated using the straight-line method to allocate their costs to the residual values over the estimated useful lives. Full year depreciation is charged for property, plant and equipment in the year when it is ready for use. Annual depreciation is charged against the consolidated income and expenditure under the respective segments. 合資企業權益初步以成本確認，其後經 調整以確認本集團享有的收購後利潤或 虧損以及其他全面收益變動的份額。本 集團對合資企業的投資包括在購買時已 辨認的商譽。在購買合資企業的投資時 ，購買成本與本集團享有的對合資企業 可辨認資產和負債的公允價值凈額的差 額確認為商譽。當集團享有某一合資企 業的虧損超過或相等於在該合資企業的 權益（包括任何實質上構成集團在該合 資凈投資的長期權益），則集團不確認 進一步虧損，除非集團已產生義務或已 代合資企業付款。 A joint venture is a contractual arrangement whereby the Group and other parties undertake an economic activity that is subject to joint control, that is when the strategic financial and operating policy decisions relating to the activities require the unanimous consent of the parties sharing control. Property, plant and equipment, other than construction in progress, are stated at cost less accumulated depreciation and accumulated impairment losses. Unrealised gains on transactions between the Group and its joint venture are eliminated to the extent of the Group's interest in the joint venture. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of the joint venture have been changed where necessary to ensure consistency with the policies adopted by the Group. 本集團與其合資企業之間交易的未實現 收益按集團在合資企業權益的數額對 銷。除非交易提供所轉讓資產減值之憑 證，否則未實現虧損亦予以對銷。合資 企業的會計政策已按需要作出改變，以 確保與本集團採用的政策符合一致。 除在建工程外，物業、機器及設備按成 本值減累積折舊及累積減值後入賬。 合資企業是一個合約上的安排，由集團 與其他參與者進行一項經濟活動，該項 活動由合資各方面共同控制，凡政策決 定涉及財務及營運上之策略，必須合資 各方決議一致通過。 46 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.5 物業、機器及設備(續) 24.5 Property, Plant and Equipment (Cont'd) 24.6 無形資產24.6 Intangible Assets 電腦軟件Computer software 電腦軟件之攤銷乃以直線法按資產估計 可使用年期於綜合全面收益表中扣除。 電腦軟件於備用年度內計算全年攤銷。 年度攤銷於相關分部之綜合收支內計 提。 開發中的電腦軟件在備用前並不計算攤 銷。 Computer software costs are capitalised on the basis of the costs incurred to acquire and bring to use the specific software and are stated in the consolidated balance sheet at cost less accumulated amortisation. Amortisation of computer software is charged to the consolidated statement of comprehensive income on a straight-line basis over the assets' estimated useful lives. Full year amortisation is charged for computer software in the year when it is ready for use. Annual amortisation is charged against the consolidated income and expenditure under the respective segments. 所購入電腦軟件之成本按購入及使用該 特定軟件所產生的成本為基準資本化， 並按成本減累計攤銷於綜合資產負債表 列賬。 在建工程按成本值減去任何已確認之減 值虧損入賬及至工程完竣後才攤銷折 舊。完竣工程成本將轉撥至適當之物 業、機器及設備分類。 Construction in progress is stated at cost less any identified impairment loss and is not depreciated until completion of construction. Cost of completed construction works is transferred to appropriate categories of property, plant and equipment. An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. The gain or loss arising from derecognition of an asset, representing the difference between the sales proceeds and the carrying amount of that asset is first booked through the Capital Reserves and subsequently transferred to the consolidated statement of comprehensive income in accordance with accounting policies 24.15. 物業、機器及設備項目會在出售後或預 期繼續使用該資產將不會帶來未來經濟 利益時刪除確認。從資產刪除產生之收 益或虧損，相當於所得收款與該資產賬 面值的差額，先通過資本儲備記賬，再 按24.15之會計政策其後轉撥至綜合全面 收益表內。 Computer software under development is not amortised until ready for use. 47 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.7 財務資產24.7 Financial Assets (a) 貸款及應收款(a) Loans and receivables (b) 持至到期日投資(b) Held-to-maturity investments Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except for maturities greater than 12 months after the balance sheet date, which are classified as non-current assets. Bank deposits are treated as loans and receivables and are disclosed as bank deposits or cash and cash equivalents. Loans and receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment. The Group classifies its financial assets in the following categories: loans and receivables, held-tomaturity investments, financial assets at fair value through profit or loss and available-for-sale financial assets. The classification depends on the purpose for which the financial assets were acquired. Management determines the classification of its financial assets at initial recognition and re-evaluates this designation at every reporting date. Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturities where the Group has the positive intention and ability to hold to maturity. They are included in non-current assets unless they mature within 12 months from the balance sheet date. 本集團將其財務資產投資分類如下：貸 款及應收款、持至到期日投資、按公平 值透過損益記賬之財務資產及可供出售 財務資產。分類方式視乎購入投資目的 而定。管理層在初步確認時釐定其投資 的分類，並於每個報告日期重新評估有 關指定。 持至到期日投資為有固定或可釐定付款 以及固定到期日的非衍生財務資產，而 集團有明確意向及能力持有至到期日。 除非該項投資在結算日後12個月內到期 ，否則此等資產列在非流動資產內。 貸款及應收款為有固定或可釐定付款且 沒有在活躍市場上報價的非衍生財務資 產。此等款項包括在流動資產內，但到 期日由結算日起計超過12個月者，則分 類為非流動資產。銀行存款視作貸款及 應收款項處理，以銀行存款或現金及等 同現金項目名義列賬。貸款及應收款初 始按公允價值確認其後利用實際利率法 按攤銷成本剔除減值列賬。 48 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.7 財務資產(續) 24.7 Financial Assets (Cont'd) (b) 持至到期日投資(續) (b) Held-to-maturity investments (Cont'd) (c) (c) (d) 可供出售財務資產(d) Available-for-sale financial assets 可供出售財務資產為被指定為此類別或 並無分類為任何其他財務資產類別的非 衍生工具。除非管理層有意在結算日後 12個月內出售該項投資，否則此等資產 列在非流動資產內。 Available-for-sale financial assets are non-derivatives that are either designated in this category or not classified under other financial assets categories. They are included in non-current assets unless management intends to dispose of the investments within 12 months from the balance sheet date. 於其後報表日，集團計劃及有能力持至 到期日的債務證券(持至到期日的債務證 券)，是按攤銷成本以實際利率法釐定， 減去減值虧損所代表之不可收回值。倘 有客觀證據顯示資產出現減值虧損則於 綜合全面收益表中確認。獲確認之減值 乃根據投資之賬面金額與按於初步確認 時計算之實際利率折算之估計未來現金 流量現值之間的差額而釐定。如其後出 現已確認減值之投資可收回升值金額， 則將予以回撥，惟回撥後之賬面金額不 能多於此減值虧損之前已確認攤銷之成 本值。 At subsequent reporting dates, debt securities that the Group has the intention and ability to hold to maturity (held-to-maturity debt securities) are measured at amortised cost using the effective interest rate method, less any impairment loss recognised to reflect irrecoverable amounts. An impairment loss is recognised in the consolidated statement of comprehensive income when there is objective evidence that the asset is impaired, and is measured as the difference between the investment's carrying amount and the present value of estimated future cash flows discounted at the effective interest rate at initial recognition. Impairment losses are reversed in subsequent periods when an increase in the investment's recoverable amount can be related objectively to an event occurring after the recognition of the impairment loss, subject to the restriction that the carrying amount of the investment at the date the impairment is reversed shall not exceed what the amortised cost would have been had the impairment not been recognised. 按公平值透過損益記賬之財務資 產 Financial assets at fair value through profit or loss This category comprises financial assets designated at fair value through profit or loss at inception. Assets in this category include listed and unlisted equity securities and debt securities. At the end of the reporting period subsequent to initial recognition, these financial assets are carried at fair value. Gains and losses arising from changes in fair value are recognised in the consolidated statement of comprehensive income. 此類別為開始時指定按公平值透過損益 記賬之財務資產，包括上市及非上市股 權證券及債券。在首次確認後之每個結 算日，此等金融資產按公平價值列賬。 而其因公允值變動引致的收益或虧損列 入當期之綜合全面收益表中。 49 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.7 財務資產(續) 24.7 Financial Assets (Cont'd) (d) 可供出售財務資產(續) (d) Available-for-sale financial assets (Cont'd) The Group assesses at each balance sheet date whether there is objective evidence that a financial asset or a group of financial assets is impaired. In the case of equity securities classified as available-forsale, a significant or prolonged decline in the fair value of the security below its cost is considered an indicator that the securities are impaired. If any such evidence exists for available-for-sale financial assets, the cumulative loss – measured as the difference between the acquisition cost and the current fair value, less any impairment loss on that financial assets previously recognised in the consolidated statement of comprehensive income – is removed from equity and recognised in the consolidated statement of comprehensive income. Impairment losses recognised in the consolidated statement of comprehensive income on equity instruments are not reversed through the consolidated statement of comprehensive income. Regular way purchases and sales of investments are recognised on the trade-date – the date on which the Group commits to purchase or sell the financial assets. Financial assets carried at fair value through profit or loss are initially recognised at fair value and transaction costs are expensed in the consolidated statement of comprehensive income. All other financial assets are initially recognised at fair value plus transaction costs. Available-for-sale financial assets are subsequently carried at fair value. Unrealised gains and losses arising from changes in the fair value of available-for-sale financial assets are recognised in equity. When investments classified as available-for-sale are sold or impaired, the accumulated fair value adjustments are included in the consolidated statement of comprehensive income as gains and losses from investment. 本集團在每個結算日評估是否有客觀證 據證明某項財務資產或某組財務資產經 已減值。對於分類為可供出售的股權證 券，在釐定證券是否已經減值時，會考 慮證券公平值有否大幅或長期跌至低於 其成本值。若可供出售財務資產存在此 等證據，累計虧損─ 計算為購買成本與 當時公平值的差額減去該財務資產之前 在綜合全面收益表確認的任何減值虧損 ─ 從自權益中剔除並在綜合全面收益表 記賬。在綜合全面收益表確認的股權工 具減值虧損不會透過綜合全面收益表撥 回。 可供出售財務資產之公平值變動產生之 未變現盈虧，於權益中確認。倘分類為 可供出售之證券售出或減值時，累計公 平值調整列入綜合全面收益表作為投資 證券的盈虧。 常規投資買賣於交易日確認－ 交易日指 本集團承諾買賣該資產之日期。按公平 值計入損益賬的財務資產初步按公平值 確認，而交易費用則在綜合全面收益表 支銷。所有其他財務資產初步按公平值 加交易費用確認。可供出售財務資產其 後按公平值列賬。 50 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.8 應收賬款24.8 24.9 存貨24.9 Inventories 24.10 現金及等同現金24.10 Cash and cash equivalents 24.11 應付賬款及應計費用及遞延收益24.11 24.12 撥備24.12 Provisions Accounts receivable are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of receivables is established when there is objective evidence that the Group will not be able to collect all amounts due according to the original terms of receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate. Accounts receivable in the consolidated balance sheet are stated net of such provision. Provisions are recognised when the Group has a present obligation as a result of a past event, and it is probable that the Group will be required to settle that obligation. Provisions are measured at management's best estimate of the expenditure required to settle the obligation at the balance sheet date, and are discounted to present value where the effect is material. Accounts receivable Accounts payable and accruals and deferred income are initially measured at fair value, and are subsequently measured at amortised cost, using the effective interest rate method. 集團因過往事件招致現行責任，可能需 要償還債務。在此情況下，集團需要撥 備確認負債。撥備款額由管理層於結算 日對責任所需作出最適當估計。倘屬重 大影響，以貼現現值計算。 現金及等同現金包括存於銀行之手頭現 金及原到期日為三個月或以下之活期存 款。 自籌資金業務持作轉售之存貨按成本或 可變現淨值兩者較低者入賬。成本以加 權平均法計算。 Inventories 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 weighted average method. Cash and cash equivalents comprise cash on hand and deposits available on demand with an original maturity of three months or less. 應付賬款及應計費用及遞延收益初步按 公平值計算，日後按使用實際利率法計 算的已攤銷成本列賬。 Accounts payable and accruals and deferred income 應收賬款初步以公平值確認，其後使用 實際利息法按攤銷成本，並扣除減值撥 備計量。當有客觀證據證明本集團未能 按應收款的原有條款收回所有款項時， 即就應收款設定減值撥備。撥備金額為 資產賬面值與按實際利率貼現的估計未 來現金流量的現值兩者的差額。綜合資 產負債表內之應收賬款為扣除該等撥備 後列賬。 51 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.13 減值24.13 Impairment 24.14 資本儲備24.14 Capital Reserves     Paragraphs 24.15(a1)(iii) or 24.15(b1) for items funded through Deferred Income Account. Paragraphs 24.15(a2) or 24.15(b2) for items funded by unspent income retained in reserves. 以滾存於儲備結餘之未使用收入 購置的項目，按附註24.15(a2)或 24.15(b2)。 Capital Reserves, representing the funding for property, plant and equipment as well as computer software, are accounted for according to the accounting policies as stated in: 倘若所作出的減值虧損於其後撥回，資 產的賬面值會調高至重估的可收回金額 ，惟調高後之可收回金額不可多於資產 於以前年度未有減值虧損的賬面值。所 回撥的減值虧損會即時確認為收入。 資本儲備(反映物業、機器及設備及電腦 軟件之資金)乃根據以下所述之會計政策 而記賬： Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, such that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately. 在每年結算日，集團會審查資產的賬面 值，確定資產有沒有出現減值虧損跡 象。若估計資產的可收回金額較賬面值 為低，則須將賬面值調低至可收回金 額。而所產生的減值虧損會即時確認在 綜合全面收益表。 At each balance sheet date, the Group reviews the carrying amounts of its assets to determine whether there is any indication that those assets have suffered an impairment loss. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised in the consolidated statement of comprehensive income immediately. 經遞延收益賬資金購置的項目， 按附註24.15(a1)(iii)或24.15(b1)。 52 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.15 收入確認24.15 Recognition of Income (a) 政府資助及撥款(a) Government subventions and grants (a1) 非配對撥款(a1) Other than Matching Grants (i) (i) (ii) (ii) (iii) 用作資本開支的資助及撥款： (iii)     Amounts incurred in relation to capital expenditure on related property, plant and equipment as well as computer software are transferred to the Capital Reserves. Subsequently, each year, amounts equivalent to the depreciation charges of the related property, plant and equipment, amortisation charges of the computer software and any net gain on disposed items are transferred from the Capital Reserves to the consolidated statement of comprehensive income. in respect of subventions and grants intended for capital expenditure: 運用於有關物業、機器及 設備及電腦軟件之資本性 開支的款項會轉至資本儲 備賬內。 The amounts are initially credited to the Deferred Income Account when received or receivable. Amounts are then transferred from the Deferred Income Account in the following manner: 隨後，等同有關物業、機器 及設備的每年折舊費及電 腦軟件的攤銷費及出售項 目之任何淨收益會由資本 儲備轉入綜合全面收益表 內。 in respect of subventions and grants intended for other expenditure: amounts equivalent to the expenditure incurred during the year are transferred to the consolidated statement of comprehensive income. 整筆經常撥款：除準備用作資本 支出外，所有當年已收取的撥款 將轉至綜合全面收益表內。在整 筆撥款的累積盈餘超越教資會所 規定的最高限額情況下，轉至綜 合全面收益表的數額將扣除需退 還政府的數額。 用作其他開支的資助及撥款：等 同年內已產生開支之款額會轉至 綜合全面收益表內。 當收到或應收取款項時，款項會先記入 遞延收益賬項，然後再由遞延收益賬項 依從以下方式轉撥： in respect of the recurrent block grant: all grants, other than those intended for capital expenditure, received in respect of the year are transferred to the consolidated statement of comprehensive income. In the event that the accumulated surpluses from block grants exceeded the maximum limit permitted by UGC, the transfer to the consolidated statement of comprehensive income will be reduced by any amount refundable to the government. 53 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.15 收入確認(續) 24.15 Recognition of Income (Cont'd) (a) 政府資助及撥款(續) (a) Government subventions and grants (Cont'd) (a2) 配對撥款(a2) Matching Grants 有關隨後為資本支出而使用儲備：         (b) 捐款(b) (b1) 指定捐款(b1) (i) (i) 等同出售項目之淨收益或虧損款 額均由資本儲備轉撥至綜合全面 收益表內。 Amounts equivalent to the net gain or loss of disposed items are transferred from the Capital Reserves to the consolidated statement of comprehensive income. Amounts equivalent to the expenditure on property, plant and equipment or computer software are transferred out of the related reserves to the Capital Reserves. In respect of subsequent spending of the reserves on capital expenditure: Amounts are recognised as income when received or receivable. Any recognised but unspent income is transferred to the related reserves. 有關用作物業、機器及設備之資 本性開支的特定捐款，採用附註 24.15(a1)(iii) 所述之相同會計政 策。 Each year, amounts equivalent to the depreciation charges for the related property, plant and equipment and amortisation charges for the computer software (which have been charged against the consolidated statement of comprehensive income thus reducing the respective reserves) are transferred back from the Capital Reserves to the respective reserves to reflect the reduction in value of the relevant property, plant and equipment and computer software. in respect of donations earmarked for capital expenditure on property, plant and equipment, the same accounting policies as stated in paragraph 24.15(a1)(iii) apply. 等同物業、機器及設備或電腦軟 件的成本，將自有關儲備轉撥至 資本儲備。 The amounts are initially credited to the Deferred Income Account when received or receivable. Amounts are then transferred from the Deferred Income Account in the following manner: Earmarked donations 等同於該物業、機器及設備的折 舊費及電腦軟件的攤銷費(已於綜 合全面收益表內計提，並把有關 儲備減低)，由資本儲備按年撥回 至有關儲備，以反映相關物業、 機器及設備及電腦軟件之減值。 等同出售項目之淨賬面值均由資 本儲備撥回至相關儲備內。 當收到或應收取款項時，款項會先記入 遞延收益賬項，然後再由遞延收益賬項 依從以下方式轉撥： Donations Amounts equivalent to the net book value of disposed items are transferred back from the Capital Reserves to the respective reserves. 款項在收取或應收時確認為收入。任何 已確認但未使用的收入已轉撥至相關儲 備內。 54 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.15 收入確認(續) 24.15 Recognition of Income (Cont'd) (b) 捐款(續) (b) (b1) 指定捐款(續) (b1) (ii) (ii) (b2) 其他捐款(b2) (b3) 承諾捐款(b3) Pledged donations (c) 學費、輔助服務及租金收入(c) 款項概於完成服務後確認入賬。 (d) 利息收入(d) Interest income (e) 研究合約收入(e) Research contract income Tuition fees, auxiliary services and rental income 未兌現之承諾捐款不會確認為收入。如 大學未能強制執行某項捐款承諾，則必 須在收到捐款後才確認入賬。 Outstanding pledges are not recognised as income. Where the University does not have the ability to enforce a pledged donation, the donation is recognised when received. Other donations Donations (Cont'd) in respect of donations earmarked for research projects, the same accounting policies as stated in paragraph 24.15(a1)(ii) apply. The amounts are recognised as income when received or receivable. Any recognised but unspent income is transferred to the related reserves. In respect of subsequent spending of the reserves on capital expenditure, the same accounting policies as those stated in paragraphs 24.15(a2) apply. Earmarked donations (Cont'd) 有關用於研究項目的特定捐款， 採用附註24.15(a1)(ii)所述之相同 會計政策。 款項在收取或應收時確認為收入。任何 已確認但未使用的收入已轉撥至相關儲 備內。有關隨後為資本支出而使用儲備 ，採用附註24.15(a2)所述之相同會計政 策。 財務資產的利息收入以時間基準按結存 金額及適用利率計算。適用利率即按財 務資產預計於可使用年期內收取之估計 未來現金款項折算至該資產賬面淨值之 利率。 Interest income from a financial asset is accrued on a time basis, by reference to the principal outstanding and at the interest rate applicable, which is the rate that exactly discount the estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount. The amounts are recognised when services are provided. 當研究合約的結果可被準確預測，其收 益將基於已完成的百分比確認入賬；當 其結果不能被準確預測，直至在項目完 成及當阻礙準確預測項目結果的不確定 因素不再存在前，其收益將按已發生而 預期可收回的支出數額確認入賬。特許 權收入則在簽署特許權/ 專利時或在特 許權/ 專利生效期間以直線法計算確認 入賬。 Income from contract research, whose outcome can be reliably estimated, is recognised based on the percentage of completion. Where the outcome of the contract research projects cannot be reliably estimated, project income is recognised to the extent of the expenses incurred that are expected to be recoverable until the completion of projects when the uncertainties that prevent reliable estimation of the outcome of the projects no longer exist. Licencing income is recognised upon assignment of the licence / patent or on a straight line basis over the period of the licence / patent granted. 55 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.16 營運租約24.16 Operating Leases (a) 集團為出租者(a) The Group as lessor (b) 集團為承租者(b) The Group as lessee 24.17 退休福利開支24.17 Retirement Benefits Costs 24.18 外幣24.18 Foreign Currencies Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the consolidated statement of comprehensive income. Items included in the financial statements of each of the Group's entities are measured using the currency of the primary economic environment in which the entity operates ('the functional currency'). The consolidated financial statements are presented in Hong Kong dollars, which is the Group's presentation currency. 外幣交易乃按交易當日的現行匯率換算 為功能貨幣。因上述交易結算而產生的 匯兌損益，以及因按年終匯率兌換以外 幣列值的貨幣資產及負債而產生的匯兌 損益，一概於綜合全面收益表內確認。 Rentals payable under operating leases are charged to the consolidated statement of comprehensive income on a straight-line basis over the term of the relevant lease. Benefits received and receivable as an incentive to enter into an operating lease are also spread on a straight-line basis over the lease term. 來自營運租約的租金收入在有關租約年 期內按直線基準確認。 本集團各實體的財務報表內所包括的項 目，乃按該實體經營所在的主要經濟環 境的貨幣(「功能貨幣」)計算。本綜合 財務報表以港幣呈列，而本集團的呈報 貨幣均為港幣。 Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. 為界定供款退休計劃所支付之款項，於 僱員作出供款所須之服務後列入綜合全 面收益表。 Payments to defined contribution retirement benefit plans are recognised in the consolidated statement of comprehensive income when employees have rendered service entitling them to the contribution. 根據營運租約應付之租金以直線基準按 有關租約之年期於綜合全面收益表內列 賬。作為訂立營運租約誘因之已收及應 收利益，亦按直線基準於有關租約年期 分攤。 56 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.18 外幣(續) 24.18 Foreign Currencies (Cont'd)     24.19 分部報告24.19 Segment Reporting In order to present a clearer picture of the financial results of the Group's operations, segment reporting is presented showing the major sources of income for the Group and the expenditure incurred in relation thereto. This is a voluntary disclosure and the requirements of HKFRS 8 are not applicable. 於各結算日在各資產負債表內呈 列的資產及負債均按該結算日的 收市匯率換算。 各全面收益表內的收入及開支均 按平均匯率換算(除非該平均匯率 並非交易當日現行匯率累計影響 的合理估計，遇有這種情況，收 入及開支概於交易當日的匯率換 算)；及所有因此而產生的匯兌差 額確認為個別組成部分之權益。 集團採用分部報告顯示主要收入來源及 相關的開支，以更加清晰顯示運作之財 務結果。此分部報告乃自願性披露，香 港財務報告準則第8號之要求並不適用。 所有功能貨幣與呈報貨幣不一的集團實 體(各實體均無極高通賬經濟地區的貨 幣)，其業績及財務狀況均以下列方式換 算為呈報貨幣： Assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet. Income and expenditure for each statement of comprehensive income are translated at average exchange rates (unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at exchange rates at the dates of the transactions); and all resulting exchange differences are recognised as a separate component of equity. The results and financial position of all Group entities (none of which has the currency of a hyperinflationary economy) that have a functional currency different from the presentation currency are translated into the presentation currency as follows: 57 25. 已公佈但尚未生效的新準則、詮釋和修訂的潛在影響 香港財務報告準則第14號監管遞延賬目1 HKFRS 14 Regulatory Deferral Accounts1 香港財務報告準則(修訂本) 香港財務報告準則2012至2014周期的年度改進1 Amendments to HKFRSs Annual Improvements 2012-2014 Cycle1 香港會計準則第1號 (修改) 披露計畫1 Amendments to HKAS 1 香港會計準則第27號 (修改) 獨立財務報表中使用權益法1 Amendment to HKAS 27 投資者與其聯營或合營企業之間的資產出售或注資1 1 香港財務報告準則第11號(修改) 收購共同經營權益的會計法1 Amendment to HKFRS 11 折舊和攤銷的可接受方法的澄清1 Amendments to HKAS 16 and HKAS 38 香港財務報告準則第15號 客戶合同收入2 HKFRS 15 香港財務報告準則第9號金融工具3 HKFRS 9 Revenue from Contracts with Customers2 Financial Instruments3 Clarification of Acceptable Methods of Depreciation and Amortisation1 POSSIBLE IMPACT OF NEW STANDARDS, INTERPRETATIONS AND AMENDMENTS PUBLISHED THAT ARE NOT YET EFFECTIVE 本集團於此財務報表並無提早應用以下已頒佈但尚未生效，並與其運作有關之新訂及經修訂準則、修訂及詮 釋。 The Group has not early adopted the following new and revised standards, amendments, and interpretations which have been issued and are relevant to its operations but are not yet effective, in these financial statements:- Disclosure Initiative1 Equity Method in Separate Financial Statements1 香港財務報告準則第10號及香港會計 準則第28號(修改) Amendments to HKFRS 10 and HKAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture1 香港財務報告準則第10號、香港財務 報告準則第12號及香港會計準則第28 號 (修改) Amendments to HKFRS 10, HKFRS 12 and HKAS 28 Investment Entities: Applying the Consolidation Exception1 Accounting on Acquisitions of Interests in Joint Operation1 香港會計準則第16號及香港會計準則第38 號(修改) 58 關於投資性主體：應用合併的例外規定 25. 已公佈但尚未生效的新準則、詮釋和修訂的潛在影響(續) 1 於2016年1月1日或以後開始之年度期間生效。 Effective for accounting periods beginning on or after 1 January 2016. 2 於2017年1月1日或以後開始之年度期間生效。 Effective for accounting periods beginning on or after 1 January 2017. 3 於2018年1月1日或以後開始之年度期間生效。 Effective for accounting periods beginning on or after 1 January 2018. Management is currently assessing the impact of the above new standards, amendments and interpretations on the Group's financial statements and is not yet in a position to state whether there will be substantial changes in accounting policies and presentation of the financial statements. 管理層現正就以上新公佈之準則、修訂及詮釋對本集團之影響作出評估，但尚未能說明會計政策及財務報表 之呈列會否出現重大變動。 POSSIBLE IMPACT OF NEW STANDARDS, INTERPRETATIONS AND AMENDMENTS PUBLISHED THAT ARE NOT YET EFFECTIVE (Cont'd) 59 26. 收入及支出表 INCOME AND EXPENDITURE STATEMENT (a) 香港科大霍英東學院 HKUST Fok Ying Tung Graduate School 非整筆撥款非整筆撥款 教資會自負盈虧之資助之教資會自負盈虧之資助之 整筆撥款持續進修科研活動整筆撥款持續進修科研活動 資助活動教育活動所得捐款及資助活動教育活動所得捐款及 有關活動有關活動 其他活動其他活動 小計總計小計總計 Sub-total Total Sub-total Total 百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million $million $million $million $million $million $million $million $million 收入 Income 政府資助及撥款2 0 22 0 24 0 24 1 0 16 0 17 0 17 Government Subventions and Grants 學費、課程及其他收費0 4 0 0 4 0 4 0 8 0 0 8 0 8 Tuition, Programmes and Other Fees 利息及投資收入0 0 0 0 0 12 12 0 0 0 0 0 9 9 Interest and Investment Income 輔助服務及其他收入0 0 23 0 23 0 23 0 0 10 0 10 1 11 Auxiliary Services and Other Income 間接費用收回 / 分部間之收入0 0 0 5 5 0 5 0 0 0 3 3 0 3 Overhead Recovery / Inter-segment Income 2 4 45 5 56 12 68 1 8 26 3 38 10 48 開支 Expenditure 薪金及福利2 1 7 3 13 13 26 1 1 4 1 7 23 30 Salaries and Benefits 其他營運支出0 2 15 2 19 8 27 0 4 16 1 21 10 31 Other Operating Expenses 折舊及攤銷0 0 2 0 2 4 6 0 0 2 0 2 4 6 Depreciation and Amortisation 間接費用收回 / 分部間之開支0 0 5 0 5 0 5 0 0 3 0 3 0 3 Overhead Recovery / Inter-segment Expenditure 2 3 29 5 39 25 64 1 5 25 2 33 37 70 本年度營運(虧損) / 盈餘0 1 16 0 17 (13) 4 0 3 1 1 5 (27) (22) (Deficit) / Surplus from operation for the year 2015 UGC Block Grant - funded Activities Self-financing CPEP Activities 2014 Non-Block Grant funded Research Activities Non-Block Grant funded Research Activities UGC Block Grant - funded Activities Self-financing CPEP Activities Donations and Related Activities Other Activities Donations and Related Activities Other Activities 60 26. 收入及支出表(續) INCOME AND EXPENDITURE STATEMENT (CONT'D) (b) 香港科技大學賽馬會高等研究院 HKUST Jockey Club Institute for Advanced Study 非整筆撥款非整筆撥款 教資會自負盈虧之資助之教資會自負盈虧之資助之 整筆撥款持續進修科研活動整筆撥款持續進修科研活動 資助活動教育活動所得捐款及資助活動教育活動所得捐款及 有關活動有關活動 其他活動其他活動 小計總計小計總計 Sub-total Total Sub-total Total 百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million $million $million $million $million $million $million $million $million 收入 Income 政府資助及撥款25 0 0 0 25 0 25 18 0 0 3 21 0 21 Government Subventions and Grants 學費、課程及其他收費0 0 0 0 0 0 0 0 2 0 0 2 0 2 Tuition, Programmes and Other Fees 利息及投資收入0 0 0 0 0 10 10 0 0 0 0 0 9 9 Interest and Investment Income 外界捐款0 0 0 0 0 3 3 0 0 0 0 0 1 1 Donations and Benefactions 輔助服務及其他收入0 3 0 0 3 0 3 0 3 0 0 3 0 3 Auxiliary Services and Other Income 25 3 0 0 28 13 41 18 5 0 3 26 10 36 開支 Expenditure 薪金及福利15 0 0 0 15 2 17 9 0 0 3 12 1 13 Salaries and Benefits 其他營運支出10 3 0 0 13 2 15 9 4 0 0 13 1 14 Other Operating Expenses 25 3 0 0 28 4 32 18 4 0 3 25 2 27 本年度營運盈餘0 0 0 0 0 9 9 0 1 0 0 1 8 9 Surplus from operation for the year Non-Block Grant funded Research Activities Self-financing CPEP Activities 2015 2014 UGC Block Grant - funded Activities Other Activities Donations and Related Activities Donations and Related Activities Other Activities Non-Block Grant funded Research Activities UGC Block Grant - funded Activities Self-financing CPEP Activities 61 PTC-R83401

香港科技大學 THE HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY