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 101 33. NOTES TO CONSOLIDATED STATEMENT OF CASH FLOWS 合併現金流量表附註 Reconciliation of liabilities arising from financing activities (Expressed in thousands of Hong Kong dollars) ( 以港幣千元列賬 ) Loans and Borrowings Current Portion Loans and Borrowings Non-current Portion Total 貸款及借款 流動部分 貸款及借款 非流動部分 總額 At 1 July 2017 於二零一七年七月一日 479,228 143,233 622,461 Financing cash flows 融資活動之現金流量 Interest Paid to Banks 支付銀行利息 (2,694) – (2,694) Interest Paid to HKSAR Government 支付香港特區政府利息 (1,768) – (1,768) Repayment of Secured Bank Loans 有抵押銀行貸款之還款 (263,000) – (263,000) Proceeds from Unsecured Bank Loans 無抵押銀行貸款之所得 款項 5,220 – 5,220 Repayment of Unsecured Bank Loans 無抵押銀行貸款之還款 (9,960) – (9,960) Repayment of Secured HKSAR Government Loans 有抵押香港特區政府貸款 之還款 (20,468) (16,180) (36,648) Non-cash changes 非現金轉變 Reclassification 重新分類 15,569 (15,569) – Interest Expenses 利息支出 5,369 – 5,369 At 30 June 2018 於二零一八年六月三十日 207,496 111,484 318,980 At 1 July 2018 於二零一八年七月一日 207,496 111,484 318,980 Financing cash flows 融資活動之現金流量 Interest Paid to Banks 支付銀行利息 (2,718) – (2,718) Interest Paid to HKSAR Government 支付香港特區政府利息 (1,457) – (1,457) Repayment of Secured Bank Loans 有抵押銀行貸款之還款 (100,000) – (100,000) Proceeds from Unsecured Bank Loans 無抵押銀行貸款之所得 款項 4,560 – 4,560 Repayment of Unsecured Bank Loans 無抵押銀行貸款之還款 (6,540) – (6,540) Repayment of Secured HKSAR Government Loans 有抵押香港特區政府貸款 之還款 (16,476) – (16,476) Non-cash changes 非現金轉變 Reclassification 重新分類 16,476 (16,476) – Interest Expenses 利息支出 4,175 – 4,175 At 30 June 2019 於二零一九年六月三十日 105,516 95,008 200,524 自融資活動產生之負債的對賬 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 102 34. RELATED PARTY TRANSACTIONS 關連方交易 Due to the nature of the University’s operations and the composition of the Council (being drawn from the University, private and public sector organizations), it is inevitable that transactions will take place with organizations in which a member of the Council may have an interest. All transactions involving organizations in which a member of the Council may have an interest are conducted on an arm’s length basis and in accordance with the University’s financial regulations and normal procurement procedures. During the year, the following significant transactions with related parties were undertaken in the normal course of its operations: (Expressed in thousands of Hong Kong dollars) ( 以港幣千元列賬 ) 2019 2018 (i) Key Management Compensation (i) 主要管理人員補償 Group 機構 Salaries and other employee benefits 薪金及其他員工福利 114,064 105,973 University 大學 Salaries and other employee benefits 薪金及其他員工福利 85,743 76,698 (ii) Loans to related parties (ii) 關連方貸款 Group and University 機構及大學 Loans to key management under the University’s Staff Loan Scheme 大學僱員貸款予主要管理 人員 Beginning of the year 於年初 – 1,800 Loans repaid during the year 年中之償還 – (1,800) End of the year 於年結 – – Staff loans, at a rate of prime minus 2% at present, are available to staff on superannuable terms. The loan is repayable upon demand or at the expiry of the loan term due at the end of each calendar year unless renewed by the University. Group and University 機構及大學 Amount outstanding at 30 June 在六月三十日之未償還額 – – Maximum outstanding during the year 年中之最高貸款額 – 1,800 (iii) HKU SPACE Po Leung Kuk Stanley Ho Community College (iii) 香港大學專業進修學院 保良局何鴻燊社區書院 Group 機構 Consultancy fee income (Note) 顧問收益（附註） 26,765 26,382 Note:The consultancy fee was paid to HKU School of Professional and Continuing Education at the rate of 25% (2018: 25%) of tuition fee income earned by HKU SPACE Po Leung Kuk Stanley Ho Community College. 由於大學獨特的營運方式及其校務委員會之會 員組合（從大學、私人和公營機構推選），大學 難免和這些與校務委員會會員有關的機構有所 交易。所有這類交易均以正常基礎處理及根據 大學之財務規條和正常採購程序進行。 在年度中，於正常業務情況下與關連方進行下 列之重大交易： 大學提供僱員貸款給予受聘於大學公積金條款 的員工，現時利率為最優惠利率減百分之二。 若大學要求，該貸款需要在年尾或以前全數清 還；否則該貸款會自動續期。 附註：付給香港大學專業進修學院的顧問收益是根據香港大 學專業進修學院保良局何鴻燊社區書院之學費收入之 百分之二十五（二零一八年為百分之二十五）計算。