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 107 (i) Financial risk factors – Cont’d (3) Liquidity risk – Cont’d The table below analyses the Group ’ s financial liabilities, including both principal and interest, into relevant maturity groupings based on the remaining period at the date of statement of financial position to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows. Within 1 year or on demand Between 1 and 2 years Between 2 and 5 years Over 5 years Total contractual cash flows Carrying amount (Expressed in thousands of Hong Kong dollars) （以港幣千元列賬） 少於一年 或接獲通知時 一至二年內 二至五年內 多於五年 合約性的 現金流量總額 賬面價值 Group 機構 At 30 June 2021 於二零二一年六月三十日 Accounts payable and accruals (excluding receipt in advance and contract liabilities) 應付賬項及應計項目 （已收墊款及 合約負債附外） 2,754,826 55,481 – – 2,810,307 2,810,307 Amount due to a Joint Venture 合營企業之應付款項 2,040 – – – 2,040 2,040 Loans and Borrowings 貸款及借款 67,200 17,682 43,742 38,208 166,832 162,208 Lease Liabilities 租賃負債 97,903 67,820 69,417 27,600 262,740 232,437 2,921,969 140,983 113,159 65,808 3,241,919 3,206,992 At 30 June 2020 於二零二零年六月三十日 Accounts payable and accruals (excluding receipt in advance and contract liabilities) 應付賬項及應計項目 （已收墊款及 合約負債附外） 2,515,328 42,353 – – 2,557,681 2,557,681 Amount due to a Joint Venture 合營企業之應付款項 2,047 – – – 2,047 2,047 Loans and Borrowings 貸款及借款 77,550 – 45,363 49,645 172,558 172,558 Lease Liabilities 租賃負債 86,237 73,941 78,236 36,800 275,214 256,464 2,681,162 116,294 123,599 86,445 3,007,500 2,988,750 University 大學 At 30 June 2021 於二零二一年六月三十日 Accounts payable and accruals (excluding receipt in advance and contract liabilities) 應付賬項及應計項目 （已收墊款及 合約負債附外） 2,610,182 55,481 – – 2,665,663 2,665,663 Amount due to a Joint Venture 合營企業之應付款項 2,040 – – – 2,040 2,040 Loans and Borrowings 貸款及借款 67,200 17,682 43,742 38,208 166,832 162,208 Lease Liabilities 租賃負債 45,189 30,800 32,324 – 108,313 103,021 2,724,611 103,963 76,066 38,208 2,942,848 2,932,932 At 30 June 2020 於二零二零年六月三十日 Accounts payable and accruals (excluding receipt in advance and contract liabilities) 應付賬項及應計項目 （已收墊款及 合約負債附外） 2,354,608 42,353 – – 2,396,961 2,396,961 Amount due to a Joint Venture 合營企業之應付款項 2,047 – – – 2,047 2,047 Loans and Borrowings 貸款及借款 77,550 – 45,363 49,645 172,558 172,558 Lease Liabilities 租賃負債 43,484 44,122 59,036 – 146,642 141,797 2,477,689 86,475 104,399 49,645 2,718,208 2,713,363 (i) 財務風險因素－續 (3) 流動資金風險－續 下表根據資產負債表日至合同到期 日的剩餘期間，將本機構的財務負 債（包括本金和利息）分析為相關的 到期類別。表中披露的金額為合同 未折現現金流量。 37. FINANCIAL RISK MANAGEMENT – Cont’d 財務風險管理－續 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 108 (ii) Fair value estimation The table below analyses the Group’s financial instruments carried at fair value as at 30 June 2021 by level of inputs to valuation techniques used to measure fair value. Such inputs are categorised into three levels within a fair value hierarchy as follows: Level 1: Quoted prices (unadjusted) in active markets for identical financial instruments. Level 2: Inputs other than quoted prices included within level 1, that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices). Level 3: Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs). The fair values of financial instruments traded in active markets are based on quoted market prices at the end of each reporting period. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. The quoted market price used for financial assets held by the Group is the current bid prices. These instruments are included in level 1. The fair value of financial instruments that are not traded in an active market (for example, over-the- counter derivatives) is determined by using valuation techniques. These valuation techniques maximise the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2. Financial assets also include unlisted alternative investments of approximately HK$705 million, the fair values of which are determined based on the attributable net assets value, being significant unobservable input. The fair value increases with the increase in the attributable net assets value. If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. (ii) 公平值估計 下表根據在評估公允價值的估值技術中 所運用到的輸入的層級，分析本機構於 二零二一年六月三十日按公允價值入賬 的金融工具。這些輸入按照公允價值層 級歸類為三層： 級別 1 ： 相同金融工具在活躍市場的 報價（未經調整）。 級別 2 ： 除了第一層所包括的報價 外，該資產或負債的可觀察 數據的其他輸入，可為直接 （即例如價格）或間接（即源自 價格）。 級別 3 ： 資產和負債並非依據可觀察 市場數據的輸入（即非可觀察 輸入）。 在活躍市場買賣的金融工具的公平價值 根據每個報告期末的市場報價列賬。當 報價可即時和定期從證券交易所、交易 商、經紀、業內人士、定價服務者或監 管代理獲得，而該等報價代表按公平交 易基準進行的實際和常規市場交易時， 有關市場被視為活躍。本機構持有的金 融資產的市場報價為當時買方報價。此 等工具並包括在第 1 級別。 沒有在活躍市場買賣的金融工具（例如 場外衍生工具）的公允價值利用估值技 術釐定。估值技術儘量利用可觀察市場 數據（如有），儘量少依賴主體的特定估 計。如計算金融工具的公允價值所需的 所有重要輸入為可觀察數據，則該金融 工具列入第 2 級別。 財務資產亦包括約港幣七億零五百萬元 之非上市另類投資，其公平值乃根據應 佔資產淨值釐定，是不可觀察重大輸入 數據。應佔資產淨值越高，公平值便越 高。 如一項或多項重大輸入並非根據可觀察 市場數據，則該金融工具列入第 3 級別。 37. FINANCIAL RISK MANAGEMENT – Cont’d 財務風險管理－續