Annual Report 2005–06

捐贈、財務與賬目 Donations, Finance and Accounts 101 來，而營運活動也回復至平常水平。籌款活動 方面亦更見積極，從本年度的收支表所見，除 了捐款收入外，所有的收入項目只錄得輕微的 增減，而捐款的總數則較二零零五年超逾近九 億元。在兩個配對補助金計劃下，籌款活動所 帶來的額外收益，使大學的總盈餘由去年的五 億八千四百萬元上漲至二零零六年度的十六 億九千萬元。 大學的資產總淨值由去年的六十三億二千八 百萬元大幅上升至八十億一千七百萬元，主 要有賴配對補助金計劃下所獲得的額外捐款 及政府的配對補助金。過去的優越財務策 劃及管理，使大學財政狀況在本年度更為 健全。 按照「香港會計準則」第三十九號資產分類規 定，一些以前歸類為非流動投資項目現須修訂 為流動投資，非流動投資因此由去年的四十 七億二千五百萬元減至本年度的三十五億六 千八百萬元。非流動投資的主要成份為「持有 至到期日債務證券」。從兩個配對補助金計劃 下所獲得的收益，包括捐款及政府的配對補 助金，首先存放於銀行作短期定期存款，以待 日後分配至合適的投資工具上。因此，在年底 的現金及銀行短期存款增至二十七億一千萬 元。 面對香港教育界未來發展的挑戰，如三三四 學制的改革，大學已積聚了充分的資金以應付 改革所帶來大幅增加學生人數（約現時學生 人數多四分之一）及相應增添員工數量所需的 財務負擔。大學因應這方面的發展，已展開多 項大型的基建工程，以增加教學及其他文娛 福利設施，因此大學財政狀況的健全將更 形重要。 Government Subventions were Block Grants, Earmarked Grants, Capital Grants and Grants from other Government agencies. Donations and Benefactions increased significantly in 2006 to $1,049 million, due to donations received under the Second and Third Matching Grant Schemes. Other Income including Tuition, Programmes and Other Fees, Interest and Investment Income and income from Ancillary Services all recorded slight increases compared to 2005. Total expenditure for Learning and Research this year was at $3,216 million, reflecting a 4% increase from 2005, whereas, Institutional Support which accounted for 20% of the total expenditure for 2006 recorded an increase of 6% over last year. After implementing cost-saving measures in response to the funding cut imposed by the government on the tertiary education sector, the University stabilized its financial position and returned to a normal operation level. However, fund-raising activities remained very active during the year. As reflected in the Income and Expenditure Statement, most income items recorded only small changes from last year with the exception of donations, which exceeded 2005 by almost $900 million. The donations received under the two matching grant schemes raised the total net surplus for the University from $584 million in 2005 to $1,690 million this year. Total Net Assets soared to $8,017 million from $6,328 million in 2005, an increase of 27%. The additional funding came from donations and respective government grants under the matching grant schemes. With good planning and management of the University finances during the past years, it was evident that the financial position of the University had strengthened further in 2006. In accordance with the reclassification of assets under the Hong Kong Accounting Standard 39, certain investments previously treated as non-current were grouped under current investment, resulting in a decrease of non- current investment from $4,725 million in 2005 to $3,568 million in 2006. The majority of non-current investments was placed in held-to-maturity debt securities. Donations and matching grants received under the two matching grant schemes were initially placed in short-term deposits with banks pending further allocation to appropriate investment vehicles, which increased Cash and Short-term Deposits to $2,710 million. In anticipation of developments in the education sector such as curriculum restructuring (3+3+4), the University has accumulated sufficient financial resources to prepare for the challenges associated with an increase in the student population (by almost a quarter of the existing number) and a larger staff-force. Consequently, a number of large capital projects were being carried out to provide additional teaching and amenity facilities. This would inevitably have a significant impact on the University’s finances.