Notes to the Consolidated Financial Statements 合併財務報表附註 2023 Financial Report 二零二三財務報告 80 附註a－續 說明計劃的特點和相關風險 本計劃為界定福利計劃，並根據計劃成員的最後薪金， 服務年期及其倍數，為成員的退休、死亡、殘疾或離職 給予一筆過的收益。本計劃已不接受新的員工加入。 本計劃是根據信託安排而成立的。它是根據職業退休計 劃條例（「條例」）註冊，並已獲得強制性公積金計劃管理 局的強積金豁免。香港大學是唯一的僱主參加本計劃。 根據本計劃之信託契約的相關條款，及依照精算師的建 議，大學可利用本計劃的盈餘，以減少未來的僱主供 款。因此，香港會計準則第十九條第六十四段的資產上 限及國際財務報告準則解釋委員會第十四條的最低資金 要求並不適用於本計劃。 於精算估價值當日，本計劃有六個獨立的信託人。信託 人的主要職責是保證本計劃的管理 依照信託契約和規 則，並公正、審慎和真誠的代表全體成員。 本計劃為大學帶來以下主要風險： 投資風險 強勁的投資回報率會增加計劃的資產的公允價值，從而 改善本計劃由界定福利計劃淨資產╱負債計算出來的財 政狀況，但若投資回報率較差則會削弱計劃的財政狀 況。 本計劃的資產投資於非上市單位信託基金的多元化投資 組合如股票，債券和現金，覆蓋全球各主要地區。資產 多元化和地理位置有助減低集中投資為本計劃所帶來的 風險。 利率風險 界定福利責任是採用市場的債券收益率的貼現率計算。 下調的債券收益率會增加界定利益責任。 薪金風險 界定福利責任是參照成員的未來工資而計算的，因為本 計劃的利益是與工資掛勾的。若加薪幅度高於預期則會 增加界定福利責任。 決定可用的經濟利益 不需要決定可用的經濟利益是由於會計準則第十九條第 六十四及六十五段的資產上限及國際財務報告準則解釋 委員會第十四條的最低資金要求並不適用於本計劃。我 們並沒有察覺根據會計準則第十九條第一百一十六段應 為任何補償權確認為資產。 22. DEFINED BENEFIT RETIREMENT SCHEME ASSETS – Cont’d 界定退休金計劃資產－續 Note a – Cont’d Description of Scheme characteristics and associated risks The Scheme is a defined benefit scheme that provides lump sum benefits based on a multiple of a member’s final salary and years of service upon the member’s retirement, death, disability or leaving service. The Scheme is closed to new employees. The Scheme was established under a trust arrangement. It is registered under the Occupational Retirement Schemes Ordinance (“ORSO”), and has been granted with MPF Exemption by the Mandatory Provident Fund Schemes Authority. The University of Hong Kong is the sole employer participating in the Scheme. Based on the relevant clauses of the Trust Deed of the Scheme, the University may utilise the surplus of the Scheme to reduce future employer contributions as recommended by the Scheme’s Actuary. As a result, the asset ceiling under paragraph 64 of HKAS 19 and the minimum funding requirements of IFRIC 14 do not apply to the Scheme. At valuation date, the Scheme has six individual trustees. The key responsibilities of the trustees are to ensure that the Scheme is administered in accordance with the trust deed and rules and to act on behalf of all members impartially, prudently and in good faith. The Scheme typically exposes the University to the following key risks: Investment risk Strong investment returns tend to increase the fair value of Scheme assets and therefore improve the Scheme’s financial position as measured by the Defined Benefit Scheme net asset/liability, whilst poor or negative investment returns tend to weaken the position. The Scheme assets are invested in an unlisted unit trust comprised of a diversified portfolio of equities, bonds and cash, covering major geographical locations around the world. The diversification of asset classes and geographical locations helps to reduce the concentration of risk associated with the Scheme investments. Interest rate risk The Defined Benefit Obligations (“DBO”) are calculated using a discount rate based on market bond yields. A decrease in the bond yields will increase the DBO. Salary risk The DBO is calculated with reference to the future salaries of members because the Scheme’s benefits are salary-related. Salary increases that are higher than expected will increase the DBO. Determination of economic benefit available Determination of economic benefit available is not required because the asset ceiling under paragraphs 64 and 65 of HKAS 19 and the minimum funding requirements of IFRIC 14 do not apply to the Scheme. We are not aware of any reimbursement rights that should be recognised as an asset under paragraph 116 of HKAS 19.
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