Financial Report 2021

Notes to the Consolidated Financial Statements 合併財務報表附註 The University of Hong Kong 香港大學 97 Reconciliation of liabilities arising from financing activities (Expressed in thousands of Hong Kong dollars) （以港幣千元列賬） Loans and Borrowings Leases Liabilities Total 貸款及借款 租賃負債 總額 At 1 July 2019 於二零一九年七月一日 200,524 176,468 376,992 Financing cash flows 融資活動之現金流量 Interest Paid to HKSAR Government 支付香港特區政府利息 (1,382) – (1,382) Proceeds from Unsecured Bank Loans 無抵押銀行貸款之所得款項 2,070 – 2,070 Repayment of Unsecured Bank Loans 無抵押銀行貸款之還款 (13,560) – (13,560) Repayment of Secured HKSAR Government Loans 有抵押香港特區政府貸款之還款 (16,476) – (16,476) Principal Element of Lease Payments Paid 已付租賃負債之還款部份 – (75,347) (75,347) Other Changes 其他轉變 Interest Expenses 利息支出 1,382 – 1,382 Increase in Leases Liabilities from Entering into New Leases 新訂立的租賃而增加的租賃負債 – 147,981 147,981 Interest Expenses on Lease Liabilities 租賃負債的利息支出 – 8,538 8,538 Variable Lease Payment 可變租賃付款 – (404) (404) Exchange Differences 匯率調整 – (772) (772) At 30 June 2020 於二零二零年六月三十日 172,558 256,464 429,022 At 1 July 2020 於二零二零年七月一日 172,558 256,464 429,022 Financing cash flows 融資活動之現金流量 Proceeds from Unsecured Bank Loans 無抵押銀行貸款之所得款項 2,160 – 2,160 Repayment of Unsecured Bank Loans 無抵押銀行貸款之還款 (12,510) – (12,510) Principal and interest of Lease Payments Paid 已付租賃負債之還款部份 – (99,423) (99,423) Other Changes 其他轉變 Increase in Leases Liabilities from Entering into New Leases 新訂立的租賃而增加的租賃負債 – 65,068 65,068 Interest Expenses on Lease Liabilities 租賃負債的利息支出 – 8,877 8,877 Variable Lease Payment 可變租賃付款 – (391) (391) Exchange Differences 匯率調整 – 1,842 1,842 At 30 June 2021 於二零二一年六月三十日 162,208 232,437 394,645 自融資活動產生之負債的對賬 32. NOTES TO CONSOLIDATED STATEMENT OF CASH FLOWS 合併現金流量表附註 Notes to the Consolidated Financial Statements 合併財務報表附註 2021 Financial Report 二零二一財務報告 98 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） 2021 2020 (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 107,747 111,364 University 大學 Salaries and other employee benefits 薪金及其他員工福利 78,354 81,495 (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） 34,935 32,543 Note: Th e c on s u l t a n c y f e e wa s pa i d t o HKU Sc hoo l o f Professional and Continuing Education at the rate of 25% (2020: 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： 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（二零二零 年為百分之二十五）計算。 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。截至二零二一 年六月三十日止年度，研究公司共收到港 幣八億八千八百萬元（二零二零年為港幣 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。根據協議的當前條款，大學現無合併 這些公司的財務結果。 33. RELATED PARTY TRANSACTIONS 關連方交易 34. 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”). For the year ended 30 June 2021, a total of HK$888.0 million (2020: HK$179.5 million) funding has been received. Pursuant to the terms of the agreements, the University supervises and directs the Research Companies to conduct the research and development. The financial results of these companies are not consolidated by the University based on the current terms of the agreements.