59 58 HKUST Annual Report 2020-2021 APPENDICES CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2021 2021 2020 $million $million Income Government Subventions and Grants 2,988 3,386 Tuition, Programs and Other Fees 1,253 1,436 Interest and Net Investment Income 1,827 102 Donations and Benefactions 139 741 Auxiliary Services and Other Income 462 459 Transfers from Deferred Capital Funds 286 265 6,955 6,389 Expenditure Teaching, Learning and Research Teaching and Research 3,094 3,074 Library 124 125 Central Computing Facilities 134 137 Other Academic Services 101 106 3,453 3,442 Institutional Support Management and General 446 442 Premises and Related Expenses 749 769 Student and General Education Services 285 297 Other Activities 26 32 1,506 1,540 4,959 4,982 Surplus from operation for the year 1,996 1,407 Share of Result of an Associate 8 6 Surplus for the year before tax 2,004 1,413 Tax (1) (3) Surplus for the year after tax 2,003 1,410 Other comprehensive income for the year Item that may be reclassified subsequently to income and expenditure: Exchange differences arising from translation 23 (9) 23 (9) Item that will not be reclassified to income and expenditure: Unrealised gain on equity securities at fair value through other comprehensive income 5 7 28 (2) Total comprehensive income for the year 2,031 1,408 Transfers to: UGC Funds 876 536 Restricted Funds 249 138 Other Funds 906 734 2,031 1,408 CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2021 2021 2020 $million $million Non-Current Assets Property, Plant and Equipment 6,499 5,900 Intangible Assets 15 17 Right-of-use Assets 33 13 Financial Assets at Amortised Cost 38 78 Financial Assets at Fair Value through Other Comprehensive Income 491 484 Financial Assets at Fair Value through Income and Expenditure 9,521 7,536 Interest in an Associate 98 84 Bank Deposits with Original Maturity over Three Months 1 2 16,696 14,114 Current Assets Financial Assets at Amortised Cost 39 64 Inventories 1 1 Accounts Receivable and Prepayments 352 614 Bank Deposits with Original Maturity over Three Months 2,685 1,269 Cash and Cash Equivalents 1,386 2,350 4,463 4,298 Current Liabilities Accounts Payable and Accruals 1,047 1,014 Lease Liabilities 14 9 Provision for Staff Benefits 233 229 Deferred Income 2,620 1,633 Tax Payable 1 2 3,915 2,887 Net Current Assets 548 1,411 Total Assets Less Current Liabilities 17,244 15,525 Non-Current Liabilities Lease Liabilities 20 4 Provision for Staff Benefits 34 37 Deferred Income 386 908 Deferred Capital Funds 4,624 4,427 5,064 5,376 NET ASSETS 12,180 10,149 UGC Funds 4,003 3,127 Restricted Funds 1,976 1,721 Other Funds 6,201 5,301 TOTAL FUNDS 12,180 10,149 Approved by the Council on 19 October 2021
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