Financial Report 2022

Notes to the Consolidated Financial Statements 合併財務報表附註 The University of Hong Kong 香港大學 101 37. FINANCIAL RISK MANAGEMENT – Cont’d (i) Financial risk factors – Cont’d (2) Credit risk – Cont’d Accounts Receivable The Group applies the HKFRS 9 simplified approach to measure expected credit losses which uses a lifetime expected loss allowance for all accounts receivables, except for a receivable relating to a hospital project in Mainland China, which its expected credit loss is measured under a three-stage model using HKFRS 9 general approach. The expected credit loss for the receivable balance as at 30 June 2022 is insignificant as continuous settlements have been noted with no history of default. Loans Receivable The loss allowance for loans receivable as a result of applying the expected credit risk model was immaterial. Debt Investments All of the Group’s debt investments at amortised cost are considered to have low credit risk, and the loss allowance recognised during the year was therefore limited to 12 months expected losses. Management consider ‘low credit risk’ for most of the listed bonds with an investment grade credit rating with at least one major rating agency. (3) Liquidity risk Prudent liquidity risk management implies maintaining sufficient cash, ensuring availability of funding through an adequate amount of bank balances and cash and marketable securities. Financial liabilities which are expected to mature within one year have been classified under current liabilities. For financial liabilities with expected maturity over one year, they are classified as non- current liabilities and the maturity of the main items have been detailed in the notes to accounts. 財務風險管理－續 (i) 財務風險因素－續 (2) 信貸風險－續 應收賬項 就所有應收賬項而言，除一項與中國內 地醫院項目有關的應收賬項以香港財務 報告準則第 9 號之一般處理方法下的三 階段減值模式計量預期信貸虧損外，機 構應用香港財務報告準則第 9 號之簡化 處理方法，使用全期預期信貸虧損撥備 計量預期信貸虧損。由於近期沒有違約 紀錄並持續收到還款，因此於二零二二 年六月三十日之預期信貸虧損為微不足 道。 應收貸款 應用預期信貸風險模型計算之應收貸款 之虧損撥備並不重大。 債務投資 機構按以攤銷成本列賬之財務資產計算 之所有債務投資均被視為信貸風險較 低，因此於年內確認之虧損撥備僅限於 12 個月內之預期虧損。管理層認為大部 分上市債券之「低信貸風險」至少由一家 主要之評級機構評定為投資級之信貸評 級。 (3) 流動資金風險 審慎的流動資金風險管理指維持充足的 現金，透過備有足夠額度的銀行存款和 現金及有價證券以提供資金。 財務負債的到期日若在一年期內，負債 項目經已分類為流動負債。若負債到期 日超出一年期，其項目則納入非流動負 債。主要之非流動負債到期日已詳述於 相關附註。 Notes to the Consolidated Financial Statements 合併財務報表附註 2022 Financial Report 二零二二財務報告 102 37. FINANCIAL RISK MANAGEMENT – Cont’d (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 2022 於二零二二年六月三十日 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 合約負債除外） 2,884,084 94,406 – – 2,978,490 2,978,490 Loans and Borrowings 貸款及借款 60,270 – 45,363 49,645 155,278 155,278 Lease Liabilities 租賃負債 108,644 79,399 171,986 97,475 457,504 388,152 3,052,998 173,805 217,349 147,120 3,591,272 3,521,920 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 合約負債除外） 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 University 大學 At 30 June 2022 於二零二二年六月三十日 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 合約負債除外） 2,702,465 94,277 – – 2,796,742 2,796,742 Loans and Borrowings 貸款及借款 60,270 – 45,363 49,645 155,278 155,278 Lease Liabilities 租賃負債 46,531 28,332 29,884 – 104,747 101,884 2,809,266 122,609 75,247 49,645 3,056,767 3,053,904 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 合約負債除外） 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 財務風險管理－續 (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。