Financial Report 2020

41 The University of Hong Kong 香港大學 Notes to the Consolidated Financial Statements 合併財務報表附註 1. 主要會計政策 — 續 (t) 資金 (i) 教資會資金 教資會資金包括一般及發展儲 備基金，及未動用之教資會配 對補助金及研究配對補助金。 (1) 一般及發展儲備基金 一般及發展儲備基金指本 大學未動用之可在期末結 轉之教資會基金。一般及 發展儲備基金於「三年撥 款期」結束時之結餘以大 學獲核准之經常性補助金 （資助期間用於特殊用途 之指定補助金除外）之百 分之二十加減資助期間作 出之任何補充撥款╱調整 （如適宜）為限。倘一般及 發展儲備基金於「三年撥 款期」結束時之結餘超過 資助期間之核准上限，則 超出部分應償還予教資 會。 (ii) 限制性資金 限制性資金是本機構持有的資 金，不論其產生方式，指定作 本機構未來的特定開支。 (1) 一般留本基金 一般留本基金是一項資本 基金投放於長期投資項目 中，而其產生的投資收益 則用以支持大學的經常支 出及保存資本基金的實際 價值。教資會在決定分配 三年整體補助金給與大學 時，會將一般留本基金的 投資收入亦計算於大學的 假設收入內。大學有權使 用這一般留本基金於一些 非整體撥款資助的項目。 (2) 一般儲備金 一般儲備金乃根據教資會 宣佈的整體撥款、三年預 算案和大學的需求而按三 年期釐定，以提供一個財 政資源支持大學不斷倡導 而又可能需要額外預算經 費推行的項目。本儲備金 的調整主要轉賬自或轉至 一般留本基金。 1. PRINCIPAL ACCOUNTING POLICIES — Cont’d (t) Funds (i) UGC Funds UGC Funds include General and Development Reserve Fund, and unspent balances of UGC Matching Grants and Research Matching Grants. (1) General and Development Reserve Fund The General and Development Reserve Fund (“GDRF”) represents the unspent UGC funds of the University which are allowed to be carried forward at the period end. The balance of the GDRF at the end of the triennium is l imi t ed t o a max imum o f 20% o f t he University’s approved recurrent grants other than the earmarked grants for specific purposes for that funding period ending plus o r mi nu s an y s upp l emen t a r y g r an t s / adjustments made during the funding period as appropriate. Should the balance of the GDRF at the end of the triennium exceed the ceiling allowed for that funding period, the excess amount is refundable to the UGC. (ii) Restricted Funds Restricted Funds are funds held by the Group, whether generated by it or otherwise, designated to fund specific expenditure of the institution in the future. (1) General Endowment Fund The General Endowment Fund represents a capital fund which is being invested for the long-term and the income generated will be used to support recurrent expenditure of the University and to preserve the real value of the capital fund. The UGC takes the investment income of the General Endowment Fund into account as part of the assumed income of the University in determining the triennial block grant allocation to the University. The Fund is for the discretionary use of the University on non-Block Grant financed activities. (2) General Reserve The General Reserve is fixed on a triennial basis in relation to the block grant announced by the UGC, the triennial budget forecast and the University’s requirements to provide a source of funds for initiatives instituted by the University from time to time which may require extra-budgetary finance. Adjustments to the reserve are made by transfer to or from the General Endowment Fund. 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 42 1. 主要會計政策 — 續 (t) 資金 — 續 (ii) 限制性資金 — 續 (3) 教職員住屋貸款 教職員住屋貸款的基金總 額水平是由校務委員會決 定。該基金向大學的全職 從屬員工提供年利率百分 之五（二零一九年：百分 之五）的貸款以協助從屬 員工在香港同一時間內購 置不多過一間的自用居 所。貸款人需要提供相關 的物業以作抵押，而在年 末的未償還餘額則作為應 收貸款附載於合併財務狀 況表中。已獲利息確認於 合併綜合收益表中為收入 及轉賬至這基金。 (4) 資本儲備金 大學於二零零四╱零五年 採納了香港財務報告準 則，其後採納了二零零九 年五月發行的香港會計準 則第 17 號（修訂），因而 產生了資本儲備金，用作 恢復記錄土地及校舍的賬 面淨值，並包括用於購置 校舍之款項。此儲備金轉 至適當資金的金額是與相 關資產在合併綜合收益表 中的折舊是一致的。 (iii) 其他資金 其他資金是教資會資金和限制 性資金以外的資金。 (u) 僱員福利 (i) 僱員應享假期 僱員應享年假於確定為屬於僱 員時確認。本機構為截至結算 日止僱員已提供之服務而產生 之未動用年假作出撥備。僱員 應享之病假或產假在放假時才 被確認。 1. PRINCIPAL ACCOUNTING POLICIES — Cont’d (t) Funds — Cont’d (ii) Restricted Funds — Cont’d (3) Staff Housing Loan Fund Staff Housing Loan Fund represents amounts as determined by the Council from time to time to provide housing assistance at an internal interest rate of 5% (2019: 5%) per annum to the University’s full-time staff on Terms of Service II for their purchase of not more than one house or flat at any one time in Hong Kong solely for their own occupancy. Such loans awarded are secured by the related property and the outstanding balances at the year end are carried as loans receivable in the consolidated statement of financial position. Interest earned is recognised in the consolidated statement of comprehensive income and transferred to the Fund. (4) Capital Reserves Capital Reserves represents the reinstatement of net book value of leasehold land and buildings upon adoption of the HKFRS in 2004-05 and HKAS17 (Amendment) issued in May 2009 respectively and funds for the acquisition of land and buildings. The amounts are released from this reserve to appropriate funds in line with the related depreciation charged to the consolidated statement of comprehensive income. (iii) Other Funds Other Funds are funds other than UGC Funds and Restricted Funds. (u) Employee Benefits (i) Employee leave entitlements Employee entitlements to annual leave is recognised as it accrues to employees. An accrual is made for unutilised leave as a result of services rendered by employees up to the statement of financial position date. Employee entitlements to sick leave or maternity leave are not recognised until the time of leave.