Financial Report 2020

101 The University of Hong Kong 香港大學 Notes to the Consolidated Financial Statements 合併財務報表附註 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： 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（二零一九年為百分之二十五）計算。 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） 2020 2019 (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 111,364 114,064 University 大學 Salaries and other employee benefits 薪金及其他員工福利 81,495 85,743 (ii) HKU SPACE Po Leung Kuk Stanley Ho Community College (ii) 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） 32,543 26,765 Note: The consultancy fee was paid to HKU School of Professional and Continuing Education at the rate of 25% (2019: 25%) of tuition fee income earned by HKU SPACE Po Leung Kuk Stanley Ho Community College. Notes to the Consolidated Financial Statements 合併財務報表附註 2020 Financial Report 二零二零財務報告 102 大學已經成立九間有限擔保公司（「研究 公司」）以申請研究項目資金。截至二零 二 零 年 六 月，研 究 公 司 共 收 到 港 幣 一億七千九百五十萬元。根據協議的條 款，大學會監督及指導研究公司進行研究 和開發。根據簽訂的協議，大學現無合併 這些公司的財務結果，然而將於營運開始 時確定對其之控制程度。 持續的評估作出的估計和判斷乃根據過 往經驗及其他因素，包括對未來作出合理 情況的期望。 本機構對於未來均作出估計和假設。按定 義所得出之會計估計難免偏離實際結果。 有重大可能使下個財政年度的資產及負 債面值作出重大調整之估計及判斷詳述 如下： (i) 物業、機器及設備之折舊及無 形資產之攤銷 本機構以預計使用年限以計算物 業、機器及設備之折舊及無形資產 之攤銷。如使用年限未能與事實相 符，管理層會修訂有關折舊及攤銷 開支。 35. CONTRACT OF SIGNIFICANCE 重大合約 The University has set up nine companies limited by guarantee for applying funding for research projects (“Research Companies”). Up to June 2020, a total of HK$179.5 million funding has been received. Pursuant to the terms of the agreements, the University supervises and directs the Resea r ch Compan i es to conduc t t he r esea r ch and development. The financial results of these companies are not consolidated by the University based on the agreements entered into while the degree of control are to be ascertained when operation starts. 36. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS 主要會計估計及判斷 Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below: (i) De p r e c i a t i o n o f p r op e r t y , p l a n t a n d equipment and amortisation of intangible assets The Group determines the estimated useful lives and related depreciation charges for property, plant and equipment and amortisation costs for intangible assets. Management will revise the depreciation charges and amortisation costs where useful lives are different from previously estimated.