HKUST Annual Report 2004 - 2005 - page 39

ڝ፽̬jৌਕ
Appendix IV: Finance
อٙৌਕజѓ๟ۆ
މৣΥ਷ყৌਕజѓ๟ۆd࠰ಥึࠇࢪʮึ೯̈อ
ٙ¨࠰ಥৌਕజѓ๟ۆ©Ԩቇ͜׵2005ϋ1˜1˚א
˸ܝක֐ʘึࠇϋܓfɽኪʊ຾౤Ϙમॶอٙৌਕ
జѓ๟ۆԸᇜՓ ϋܓٙৌਕజڌf
Όϋᐄ༶ઋر
͉ϋܓၝΥᐄ༶ޮቱ፽੻ ᄂಥʩ€ ϋ
މܓ ᄂಥʩf ϋܓʘᕘ̶̮షޮቱ
˴ࠅԸІ઺༟ึഃᕘ໾пࠇږྌɨהᘪණٙഃᕘᅡ
ಛʿ޴ᗫ࣏ಛfϤ̮d͟׵ִ݁ ۂಯ ຾੬ᅡ
ಛd ϋܓٙϗɝ͵աᅂᚤfኋ၍νϤdɽ
ኪίІᘪ༟ ږධͦɪᐏɓ֛ٙϗूd̋ɪɓӻΐᐵ
ಯϓ͉ٙણ݄dɽኪʥϓ̌ڭܵɓ֛ٙޮቱf
ၝΥϗɝ
͉ϋܓၝΥϗɝމ23.817 ᄂಥʩ€2003-04ϋމܓ
27.724 ᄂಥʩdՉʕd15.91ᄂಥʩ€66.8 މ
ִ݁໾пd4.76ᄂಥʩ€19.9 މኪ൬ʿሙ೻ϗ
൬d 4,260 ຬಥʩ€1.8 މлࢹʿҳ༟ϗɝd
8,200ຬಥʩ€3.4 މ࣏ಛd1.345ᄂಥʩ€5.7 
މႾп؂ਕϗɝʿ 5,560ຬಥʩ€2.4 Չ˼ධͦ
ϗɝf
2004-05ϋܓٙϗू༰2003-04ϋމܓˇd˴ࠅ݊
Ϊމ઺༟ึᅡಛʿ࣏ಛٙಯˇdʿ༰Эٙʊྼତҳ
༟ϗूdШІᘪ༟ږධͦٙኪ൬Ϟɓ֛ᄣڗdתቖ
௅΅ൻషf
ၝΥක˕
͉ϋܓ ၝΥක˕މ22.037ᄂಥʩ€ 2003-04ϋܓ
މ23.451 ᄂಥʩdՉʕd16.356ᄂಥʩ€ 74.2 
މኪஔʿ޼Ӻ ݺਗd 1.179 ᄂಥʩ€5.3 ၍މ
ଣʿɓছԫਕd3.318 ᄂಥʩ€15 މࣧٸʿϞ
ᗫ൬͜d1.184ᄂಥʩ€5.5 މՉ˼ධͦf
઺༟ึ༟пݺਗ
͉ϋܓ઺༟ึᅡಛ މ15.337ᄂಥʩdЦִ݁໾пٙ
dܼ̍዆അ຾੬ᅡಛ11.992ᄂಥʩd܊גމe
޼Ӻeܔணʈ೻eৗᒔࢨჵʿήॡϾணܸ֛ٙᅡಛ
΍3.345ᄂಥʩf
዆അ຾੬ᅡಛၾԸІኪ൬ʿՉ˼ϗɝᐼᕘ މ
15.282ᄂಥʩdϾ઺༟ึ༟п຾੬ක˕މ14.69ᄂಥ
ʩd5,920ຬಥʩޮቱʊᔷᅡЇɓছʿ೯࢝Ꮇ௪f׵
2005ϋ6˜30˚dᎷ௪ቱᕘމ8.73ᄂಥʩf
New Financial Reporting Standards
For the purpose of alignment with inter-
national financial reporting standards,
the Hong Kong Institute of Certified
Public Accountants has issued new
Hong Kong Financial Reporting
Standards (HKFRSs) which are effective
for accounting periods beginning on or
after 1 January 2005. The University
chose to adopt the new HKFRSs for
incorporation in the financial statements
for 2004-05.
Operating Result for the Year
The consolidated operating result for the
year was a surplus of HK$181.4 million
(HK$430.5 million in 2003-04). The surplus
in 2003-04 was unusually high due to extra
donations and matching grant raised
under the UGC Matching Grant Scheme.
Apart from this, income for 2004-05 was
affected by a 10% reduction in the UGC
recurrent grant. Notwithstanding this, the
University has successfully maintained a sur-
plus through the generation of additional
income from self-financing programs and
a reduction in expenditure by cost-saving
measures.
Consolidated Income
Consolidated income for the year was
HK$2,381.7 million (HK$2,772.4 million in
2003-04): HK$1,591 million (66.8%) from
government subventions, HK$476 million
(19.9%) from tuition and program fees,
HK$42.6 million (1.8%) from interest and
investment income, HK$82 million
(3.4%) from donations, HK$134.5 million
(5.7%) from auxiliary services, other
income accounting for HK$55.6 million
(2.4%).
The lower income in 2004-05 as com-
pared to that in 2003-04 was mainly the
result of reduced UGC grants and dona-
tions and a lower realised investment
income, partly offset by a growth in
tuition fees from self-financing programs.
Consolidated Expenditure
Consolidated expenditure for the year
was HK$2,203.7 million (HK$2,345.1 million
in 2003-04) with HK$1,635.6 million (74.2%)
for Learning and Research activities,
HK$117.9 million (5.3%) for
Management and general expenditure,
HK$331.8 million (15%) for Premises and
related expenses, and HK$118.4 million
(5.5%) for other items.
UGC-funded Activities
UGC grants accounted for HK$1,533.7 million
or 96% of government subventions,
including recurrent block grant of
HK$1,199.2 million and earmarked grants
for housing, research, capital works and
rates and government rent refunds
totalling HK$334.5 million.
The recurrent block grant together with
fees and other income totalled
HK$1,528.2 million for the year, and
related expenditure amounted to
HK$1,469 million. The surplus of
HK$59.2 million was transferred to the
General and Development Reserve. As
at 30 June 2005, the reserve balance
stood at HK$873 million.
75
76