HKUST Annual Report 2023-2024

66 Appendices Consolidated Statement of Comprehensive Income FOR THE YEAR ENDED JUNE 30, 2024 2024 2023 $million $million Income  Government Subventions and Grants 3,560 3,262  Tuition, Programs and Other Fees 1,716 1,594  Interest and Net Investment Income 1,089 807  Donations and Benefactions 163 126  Auxiliary Services and Other Income 616 563  Transfers from Deferred Capital Funds 373 363 7,517 6,715 Expenditure Teaching, Learning and Research  Teaching and Research 3,978 3,487  Library 118 120  Central Computing Facilities 233 133  Other Academic Services 139 123 4,468 3,863 Institutional Support  Management and General 546 473  Premises and Related Expenses 900 878  Student and General Education Services 398 323  Other Activities 32 23 1,876 1,697 6,344 5,560 Surplus from operation for the year 1,173 1,155  Share of Result of an Associate (10) 5 Surplus for the year before tax 1,163 1,160 Tax (1) (1) Surplus for the year after tax 1,162 1,159 Other comprehensive income for the year  Item that may be reclassified subsequently to income and expenditure:   Exchange differences arising from translation (1) (24) (1) (24)  Item that will not be reclassified to income and expenditure:   Unrealised gain on equity securities at fair value through other comprehensive income 285 78 284 54 Total comprehensive income for the year 1,446 1,213 Transfers to / (from):  UGC Funds 344 436  Restricted Funds 152 54  Other Funds 950 723 1,446 1,213