Annual Report 2003–04

Finance and Accounts The University has fully adopted the accounting principles generally accepted in Hong Kong (GAAP) starting from the fiscal year 2003-4. Certain accounting policies and practices have been changed in order to comply with the Hong Kong Financial Reporting Standard, issued by the Hong Kong Institute of Certified Public Accountants (HKICPA). The format of the Income and Expenditure Statement has also been revised. The main contributor to this year's operating surplus is the $571 million in unspent funding for research or restricted projects, as well as donation receipt for or income derived from endowment funds. The amounts involved were transferred to the various restricted funds. The remaining $460 million in other funds consisted of $232 million in current year surplus from block grant funded activities, which was carried forward in the General and Development Reserve Fund, and a $228 million unspent Matching Grant. The total operating surplus therefore amounted to $1,031 million. Total income for the year had reached $5,123 million, with government subvention still being a major source at 67 per cent of the total. Included in the total government subvention of $3,435 million was a one-off Matching Grant of $228 million, provided by the government on a dollar-to-dollar matching basis for the donations received. Tuition, programmes and other fees included collections from both government-funded and self-financed programmes. The total income for the year of $850 million reflected an increase of $25 million or 3 per cent when compared to 2003. The portion collected from self-financed programmes was $329 million, which was 6.8 per cent higher than last year. Due to the proactive investment strategy of increasing the holding on fixed rate certificate of deposits (FRCD), the total interest and investment income of $277 million was an improvement of 136 per cent from 2003. Donations and benefactions income remained at a substantial level of $216 million, despite a reduction of 29 per cent from 2003. Higher receipts were evident in 2003 for research activities and scholarships, prizes and bursaries, resulting from the Matching Grant drive. Contributions and support for capital projects were lower in 2004, as the additional student hostels were completed and occupancy began. In aggregate, the total expenditure of $4,093 million in 2004 was $186 million lower than the 2003 figure, due primarily to the reduction of 財務與賬目 中文大學在二零零三至二零零四年度開始全面採 納香港「公認會計原則」，並改變一些現有會計政 策及慣例，以符合香港會計師公會所頒布的「香 港財務報告準則」，大學的收支報表格式亦因應 修訂。 本年度的營運盈餘，主要由捐贈、捐款基金收 益、專用及硏究項目剩餘資金所組成，合共五億 七千一百萬元，款項亦已轉賬至各有關專用基 金。其餘四億六千萬元則包括本年度敎資會整筆 撥款的二億三千二百萬元營運盈餘，以及未動用 的二億二千八百萬元等額補助金。該項整筆撥款 的營運盈餘已轉至一般及發展儲備金內，故本年 度的總營運盈餘為十億三千一百萬元。 大學今年的總收入達五十一億二千三百萬元，其 中仍以政府資助為最重要的收入來源，佔總收入 百分之六十七。而在政府資助的三十四億三千五 百萬元內，已包括二億二千八百萬元由政府就大 學籌得的捐款，按等值方式發放一次過的等額補 助金。 政府資助及自資課程的「學費、課程及其他收費」 總額為八億五千萬元，較去年增加二千五百萬 元，即百分之三。而自資課程的收入達三億二千 九百萬元，較去年增長百分之六點八。 在積極投資策略主導下，大學增加持有定息票 據，總利息及投資收入共達二億七千七百萬元， 比去年的收入超出一倍有多。 雖然捐贈及捐款收入比去年減少百分之二十九， 但仍有二億一千六百萬元。去年各界在等額補助 金計劃的帶動下，對硏究活動、獎學金、助學金 及獎金的捐贈，都較前為多。而新的學生宿舍已 於年中建成，所以本年度有關基建項目的捐款亦 較往年減少。 捐贈、財務與賬目 Donations, Finance and Accounts 97