Financial Report 2018

The University of Hong Kong 香港大學 5 Treasurer’s Report 司庫報告書 (Expressed in Hong Kong dollars) 　（以港幣列賬） FINANCIAL OUTLOOK With the end of the financial year 2017-18, the University has entered into the last year of the triennium. The University has placed a sharp focus on its vision to be the Asia’s Global University and delivers impact through internationalization, innovation and interdisciplinarity. As always, the University prepares to make substantial and long- term investments in infrastructure and technology upgrades to support our academic endeavors and enhance the teaching, learning and research experiences throughout the campus. More considerable resources are required to invest and improve the physical space available for scholarly activities, as well as the accommodation for enlarged student population, both local and overseas, in the coming years. The University shall remain prudent and yet be creative and flexible in financial management to facilitate the long-term growth of the University, while at the same time actively attracting donations and managing resources in an efficient manner to support the strategic development. Margaret Leung Treasurer Hong Kong, 27 September 2018 財政展望隨著二零一七╱一八年度結束，大學已進入三年撥款期的最後一年。大學繼續把重點放在成為亞洲的全球大學的願景上，並通過國際化、創新和跨學科來發揮影響力。大學一直以來作好準備，在基礎設施和技術升級方面進行大量長期投資，以支持學術活動，並加強整個校園的教學和科研經驗。在未來數年，大學需要大量的資源用作投資和改善學術活動的可用空間，以及為更多本地和海外的學生提供住宿。在財務管理方面，大學將保持謹慎、創新和靈活性，以促進大學的長期發展，與此同時積極吸引捐助並透過高效的資源管理以支持長遠策略發展。梁高美懿司庫二零一八年九月二十七日　香港 2018 Financial Report 二零一八財務報告 6 Independent Auditor’s Report to the Council of the University of Hong Kong 獨立核數師報告　致香港大學校務委員會 OPINION What we have audited The consolidated financial statements of The University of Hong Kong (the “University”) and its subsidiaries (together, the “Group”) set out on pages 10 to 119, which comprise: • the consolidated and University statements of financial position as at 30 June 2018; • t h e c o n s o l i d a t e d a n d U n i v e r s i t y s t a t eme n t s o f comprehensive income for the year then ended; • the consolidated statement of cash flows for the year then ended; • the consolidated statement of changes in fund balances for the year then ended; and • the notes to the consolidated financial statements, which include a summary of significant accounting policies. Our opinion In our opinion, the consolidated financial statements give a true and fair view of the financial position of the University and the consolidated financial position of the Group as at 30 June 2018, and of the financial performance of the University and the consolidated financial performance of the Group and the consolidated cash flows of the Group for the year then ended in accordance with Hong Kong Financial Reporting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”). BASIS FOR OPINION We conducted our audit in accordance with Hong Kong Standards on Auditing (“HKSAs”) issued by the HKICPA. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the HKICPA’s Code of Ethics for Professional Accountants (“the Code”), and we have fulfilled our other ethical responsibilities in accordance with the Code. 意見我們已審計的內容香港大學（以下簡稱「大學」）及其附屬公司（以下統稱「機構」）列載於第十至一一九頁的合併財務報表，包括： • 於二零一八年六月三十日的合併及大學財務狀況表； • 截至該日止年度的合併及大學綜合收益表； • 截至該日止年度的合併現金流量表； • 截至該日止年度的合併資金結餘變動報表；及 • 合併財務報表附註，包括主要會計政策概要。我們的意見我們認為，該等合併財務報表已根據香港會計師公會頒布的《香港財務報告準則》真實而中肯地反映了於二零一八年六月三十日大學的財務狀況及機構的合併財務狀況、截至該日止年度大學的財務表現及機構的合併財務表現、以及機構的合併現金流量。意見的基礎我們已根據香港會計師公會頒布的《香港審計準則》進行審計。我們在該等準則下承擔的責任已在本報告「核數師就審計合併財務報表承擔的責任」部分中作進一步闡述。我們相信，我們所獲得的審計憑證能充足及適當地為我們的審計意見提供基礎。獨立性根據香港會計師公會頒布的《專業會計師道德守則》（以下簡稱「守則」），我們獨立於機構，並已履行守則中的其他專業道德責任。 PricewaterhouseCoopers, 22/F Prince's Building, Central, Hong Kong T: +852 2289 8888 , F: +852 2810 9888 , www.pwchk.com