Notes to the Consolidated Financial Statements 合併財務報表附註 The University of Hong Kong 香港大學 17 GENERAL The University of Hong Kong is incorporated under the University of Hong Kong Ordinance (Chap. 1053, Laws of Hong Kong) and is Hong Kong’s oldest tertiary education institution. 1. PRINCIPAL ACCOUNTING POLICIES The principal accounting policies applied in the preparation of the consolidated financial statements of the University and its subsidiaries (together, the “Group”) are set out below. These policies have been consistently applied to all years presented, unless otherwise stated. (a) Basis of Preparation The consolidated financial statements of the Group have been prepared in accordance with Hong Kong Financial Reporting Standards (“HKFRS”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) and comply with the Statement of Recommended Practice (“SORP”) for the University Grants Committee (“UGC”) – Funded Institutions in Hong Kong published and effective in September 2015 by the UGC. The consolidated financial statements have been prepared on a going concern basis and under the historical cost convention, as modified by the revaluation of financial assets at fair value through profit or loss (“FVPL”), which are carried at fair value. The preparation of consolidated financial statements in conformity with HKFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements, are disclosed in Note 35. (i) The adoption of amendments to existing standards and interpretations The Group has adopted the following amendments to existing standards which are relevant to the Group’s operations and are mandatory for the financial year ended 30 June 2023: 簡介 香港大學是在香港大學條例（香港法例第一零五三章） 下成立，而亦是在香港擁有最長久歷史的高等教育學 府。 主要會計政策 除另有說明外，主要會計政策在所列報的所有年 度內貫徹應用。本大學與其附屬公司（「本機構」） 於編制合併財務報表時所採用之主要會計政策載 列如下： (a) 編制基準 本機構的合併財務報表乃依據香港會計師 公會（「HKICPA」）頒佈之香港財務報告準則 （「HKFRS」），與及採納由大學教育資助委員 會（「教資會」或「UGC」）於二零一五年九月 發出並已生效之教資會資助院校的建議準則 （「SORP」）所編制。 本合併財務報表乃按照持續經營為基準和歷 史成本法編制，並對透過損益列賬財務資產 之公平值重估作出修訂。 編制符合香港財務報告準則的合併財務報表 需要使用若干關鍵會計估算。這亦需要管理 層在應用本機構會計政策的過程中行使其判 斷。涉及高度的判斷或高度複雜性的範疇， 或涉及對合併財務報表屬重大假設和估算的 範疇，詳見附註35。 (i) 採納已修改財務報告準則及詮釋 在二零二三年六月三十日年度，本機構 採納下列與其業務相關之已修改財務報 告準則：
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