Annual Report 2019–20

52 香港中文大學年報 CUHK Annual Report 2019–2020 財務狀況 Financial Position The University’s net assets moderately increased by $2.03 billion or 9.6% to $23.20 billion as at 30 June 2020. Significant cash inflows came in the form of donations, the UGC and government grants, maturity of debt securities, as well as from the University normal operation. As a result, the total cash balance recorded an overall increase of $1.98 billion or 15.9% from $12.49 billion to $14.47 billion as at 30 June 2020. The cash and short-term bank deposits with original maturity over three months increased in line with the cash flows, by $1.92 billion to enjoy higher interest rate for longer maturity term. Total investments, however, dropped moderately by $230 million or 2.7%, as a net result of maturity of HKD, RMB and USD bonds, exchange loss from time deposits, acquisition of equity investments and fund injections into investment portfolios managed by external fund managers. The Investment Sub-Committee of the University’s Finance Committee is critically sourcing investment opportunities for surplus cash. Other than investments in financial instruments, a capital injection of $1 billion was made during the year to a wholly-owned subsidiary, CUHK Health Limited, to prepare for the commencement of CUHK Medical Centre in 2021. The net book value of fixed assets increased by $19 million or 0.3% to $6.03 billion as at 30 June 2020, reflecting an increase of $42 million in the capital funds for assets financed by funds with non-designated purposes, but a reduction of $23 million in the deferred capital funds for assets acquired by funds from the government or government agencies with conditions attached. Taking into account the operating results achieved for the 2019–20 financial year, the General and Development Reserve Fund dropped slightly to $2.20 billion, the UGC Matching Grants Fund increased to $2 billion, and the total restricted funds grew to $19 billion, with an aggregate total of $23.20 billion to support the University’s long-range development in meeting its goals and missions. 截至2020年6月30日，大學總資產淨值進一 步增加二十億三千萬元或百分之九點六至二 百三十二億元。顯著的現金來源是捐款、教 資會配對補助金撥款、債務證券到期與及大 學日常運作。因此，大學持有的總現金額整 體錄得十九億八千萬元增長，或百分之十五 點九，從期初一百二十四億九千萬元增加至 期末一百四十四億七千萬元。存款期超過三 個月的定期存款亦同樣因應現金流入而增加 十九億二千萬元，以獲取較高息率。總投資 則溫和下跌二億三千萬元或百分之二點七， 原因是部分港元、人民幣及美元債務證券到 期、外幣定期存款匯兌虧損、增加股本投資 及向外聘投資經理管理的投資組合注入資 金。大學正積極為資金找尋合適的投資機 會。大學除了投資在財務工具外，今年亦向一 間全資附屬機構「香港中文大學醫療有限公 司」注資十億元，為2021年開幕的香港中文 大學醫院「中大醫院」作準備。截至2020年6 月30日，大學的固定資產帳面淨值增加一千 九百萬元，或百分之零點三至六十億三千萬 元，該淨增加分別反映資產基金增加四千二 百萬元及遞延資產基金減少二千三百萬元。 總結2019至20財政年度的營運表現，一般及 發展儲備基金下跌至二十二億元；教資會配 對補助基金上升至二十億元，專用基金上升 至一百九十億元，基金總額達二百三十二億 元，用來支持大學的長遠發展，達成各項策 略目標和使命。