Financial Report 2019

Treasurer’s Report 司庫報告書 (Expressed in Hong Kong dollars) 　（以港幣列賬） The University of Hong Kong 香港大學 5 FINANCIAL OUTLOOK The financial year 2018-2019 concluded the triennium of 2016-19 with a solid financial performance and remarkable achievement in all aspects of teaching, learning, research and knowledge exchange. Looking ahead, the University is very excited to embark on a new arena with a number of capital projects including the science and engineering hub, the expansion of the Medical campus, the student hostel projects and other major projects to provide state-of-the-art teaching and research facilities. The University is prepared to make substantial and long- term investments in human resources, infrastructure and technology upgrades for the pursuit of the education mission. The achievement of these missions would rely on philanthropy support. Two Government Matching Grant Schemes have been launched in July 2019 and August 2019, respectively, and these are good opportunities to help the University secure additional funding for its work. Amidst all the challenging opportunities, the University shall maintain a conservative, yet be creative and flexible profile in the financial management, that can continue to build on our success and bring the University to the next level of accommodating our commitments to be the Asia’s leading global university. Margaret Leung Treasurer Hong Kong, 24 September 2019 財政展望 隨著二零一八╱一九年度結束，大學在二零 一六╱一九三年撥款期在教與學、研究和知識 交流的各個方面都奠定了堅實的基礎。 展望未來，大學非常高興能夠開展一個擁有多 項重要建設的新舞台，包括科學和工程中心， 醫學院校園的擴建，學生宿舍項目和其他主要 項目，以提供最先進的教學和研究設施。 大學已準備在人力資源，基礎設施和技術升級 方面進行大量和長期的投資，以實現教育使 命。此等願景將有賴慈善捐獻玉成。兩個政府 配對補助金計劃分別於二零一九年七月及八月 啟動，這些都是幫助大學獲得額外資金的好機 會。 置身極富挑戰的機遇，大學將在財務管理上秉 承穩健方針，以創意及靈活並驅，以支持大學 更上一層樓及達成我們作為亞洲領先全球大學 的願景。 梁高美懿 司庫 二零一九年九月二十四日　香港 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 2019 Financial Report 二零一九財務報告 6 PricewaterhouseCoopers, 22/F Prince's Building, Central, Hong Kong T: +852 2289 8888 , F: +852 2810 9888 , www.pwchk.com 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 2019; • 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 2019, 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： • 於二零一九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 地反映了於二零一九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。