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 37 主要會計政策－續 (s) 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 (s) 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 limited to a maximum of 20% of the University’s approved recurrent grants other than the earmarked grants for specific purposes for that funding period ending plus or minus any supplementary grants/ 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 2022 Financial Report 二零二二財務報告 38 1. PRINCIPAL ACCOUNTING POLICIES – Cont’d (s) 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% (2021: 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 ( Amendmen t ) i ssued i n 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. (t) 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. (ii) Retirement scheme obligations The Group operates a number of defined benefit and defined contribution plans in Hong Kong, the assets of which are held in separate trustee-administered funds. The pension plans are generally funded by payments from employees and by the Group taking account of the recommendations of an independent qualified actuary. The Group’s contributions to the defined contribution plans are recognised as staff cost expense when they are due and are not reduced by contributions forfeited by those employees who leave the scheme prior to vesting fully in the contributions. The Group has no further payment obligations once the contributions have been paid. 主要會計政策－續 (s) 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（二零二一年：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。 (t) 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。 (ii) 退休計劃責任 本大學在香港營運多項界定福利及界定 供款計劃，該等計劃之資產由獨立信託 管理基金持有。退休金計劃在考慮獨立 合資格精算師之建議後一般由僱員及本 機構共同供款。 本機構向界定供款退休計劃作出之供款 於應付時作為員工成本費用支銷，而員 工在全數取得既得之利益前退出計劃而 被沒收之僱主供款不會用作扣減此供 款。本機構作出供款後，即無進一步付 款責任。