HKUST Annual Report 2021-2022

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2022 2022 2021 $million $million Income  Government Subventions and Grants 3,033 2,988  Tuition, Programs and Other Fees 1,519 1,253  Interest and Net Investment (Loss) / Income (669) 1,827  Donations and Benefactions 234 139  Auxiliary Services and Other Income 537 462  Transfers from Deferred Capital Funds 334 286 4,988 6,955 Expenditure Teaching, Learning and Research  Teaching and Research 3,285 3,094  Library 117 124  Central Computing Facilities 129 134  Other Academic Services 115 101 3,646 3,453 Institutional Support  Management and General 466 446  Premises and Related Expenses 792 749  Student and General Education Services 298 285  Other Activities 21 26 1,577 1,506 5,223 4,959 (Deficit) / Surplus from operation for the year (235) 1,996  Share of Result of an Associate 6 8 (Deficit) / Surplus for the year before tax (229) 2,004 Tax (1) (1) (Deficit) / Surplus for the year after tax (230) 2,003 Other comprehensive income for the year  Item that may be reclassified subsequently to income and expenditure:   Exchange differences arising from translation (7) 23 (7) 23  Item that will not be reclassified to income and expenditure:   Unrealised gain on equity securities at fair value through other comprehensive income 25 5 18 28 Total comprehensive (loss) / income for the year (212) 2,031 Transfers to / (from):  UGC Funds (154) 876  Restricted Funds (169) 249  Other Funds 111 906 (212) 2,031 62