Financial Report 2019

Notes to the Consolidated Financial Statements 合併財務報表附註 The University of Hong Kong 香港大學 99 30. CONTINGENT LIABILITIES 或然負債 According to the joint venture agreement of HKU SPACE Po Leung Kuk Stanley Ho Community College (“HPSHCC”) dated 15 November 2004 entered into between HKU School of Professional and Continuing Education (“HKU SPACE”), a subsidiary of the Group, and Po Leung Kuk, HPSHCC is responsible for repaying a loan used by Po Leung Kuk to finance the HPSHCC building. As part of this agreement HKU SPACE and Po Leung Kuk are jointly and equally responsible for repayment of the loan if HPSHCC defaults in its obligations. During 2018/19, HPSHCC repaid all the remaining loan amount of HK$139.7 million. Therefore, HKU SPACE ceased to bear contingent liability after the loan repayment. HKU SPACE had provided a financial pledge to the Hong Kong Council for Accreditation of Academic and Vocational Qualifications for the accreditation of three bachelor programmes of Centennial College (“the Programmes”) to support and assure the financial viability and continuity of operation of the Programmes throughout the approved validity period of five years from 1 September 2017 to 31 August 2022. 31. CAPITAL COMMITMENTS 資本承擔 Capital commitments in respect of Property, Plant and Equipment and Intangible Assets as at year end: (Expressed in thousands of Hong Kong dollars) （以港幣千元列賬） 2019 2018 Group 機構 Contracted but not provided for 已簽約但未有撥備 1,539,429 187,034 University 大學 Contracted but not provided for 已簽約但未有撥備 1,537,263 179,941 根據由本機構附屬公司香港大學專業進修學院 （「學院」）及保良局於二零零四年十一月十五日 所簽訂香港大學專業進修學院保良局何鴻燊社 區書院（「社區書院」）合營業務協議，社區書院 需負責償還由保良局用作支持興建社區書院校 舍而所借入的貸款。在合營業務協議中，如社 區書院未能償還貸款，學院及保良局需共同分 擔負責償還。於二零一八至二零一九年度社區 書院已償還餘下貸款共港幣一億三千九百七十 萬元。因此學院在這筆貸款償還後，已沒有或 然負債。 學院已就香港學術及職業資歷評審局對明德學 院三項本科課程（「本科課程」）的評審提供財務 保證，以支持並確保該本科課程在二零一七年 九月一日至二零二二年八月三十一日的五年批 准有效期內的財務可行性及持續運作。 於結算日本機構及大學就有關物業、機器及設 備及無形資產之資本承擔 : Notes to the Consolidated Financial Statements 合併財務報表附註 2019 Financial Report 二零一九財務報告 100 (i) Minimum lease payments charged to the consolidated income statement during the year is $163.5M (2018: $145.8M). As at 30 June 2019, the Group and the University had future aggregate minumum lease payments in respect of offices/learning centres and off-campus student residences under non-cancellable operating leases as follows: (Expressed in thousands of Hong Kong dollars) ( 以港幣千元列賬 ) 2019 2018 Group 機構 Not later than one year 一年內 83,054 96,780 Later than one year and not later than five years 一年後五年內 91,292 104,754 After five years 五年後 42,255 46,855 216,601 248,389 University 大學 Not later than one year 一年內 31,517 49,207 Later than one year and not later than five years 一年後五年內 18,681 42,858 50,198 92,065 (ii) Surplus staff quarters are leased out at commercial market rentals. As at 30 June 2019, the University had future aggregate minimum lease income under non- cancellable operating leases as follows: (Expressed in thousands of Hong Kong dollars) ( 以港幣千元列賬 ) 2019 2018 Group and University 機構及大學 Not later than one year 一年內 51,381 70,519 Later than one year and not later than five years 一年後五年內 1,639 1,184 53,020 71,703 (i) 本年度已於綜合收益表中扣除之最 低租約付款為一億六千三百五十萬 （二零一八年為一億四千五百八十 萬）。 於二零一九年六月三十日，本機構 及大學就有關於辦公室╱教學中心 及學生宿舍的不可撤銷營運租賃之 未來最低租賃付款合共如下： (ii) 大學剩餘之教職員宿舍以市值租 出。於二零一九年六月三十日，大 學就有關物業的不可撤銷營運租賃 之未來最低租賃收入合共如下： 32. OPERATING LEASE COMMITMENTS IN RESPECT OF PREMISES 物業營運租賃承擔