HKUST Annual Report 2023-2024

67 HKUST Annual Report 2023-2024 Consolidated Balance Sheet AS AT JUNE 30, 2024 2024 2023 $million $million Non-Current Assets  Property, Plant and Equipment 8,102 7,350  Intangible Assets 15 16  Right-of-use Assets 92 16  Financial Assets at Fair Value through Other Comprehensive Income 897 605  Financial Assets at Fair Value through Income and Expenditure 11,500 10,122  Interest in an Associate 82 95  Bank Deposits with Original Maturity over Three Months 0 41 20,688 18,245 Current Assets  Inventories 1 1  Accounts Receivable and Prepayments 784 656  Bank Deposits with Original Maturity over Three Months 1,855 2,339  Cash and Cash Equivalents 1,100 1,444 3,740 4,440 Current Liabilities  Accounts Payable and Accruals 1,107 1,052  Lease Liabilities 14 11  Provision for Staff Benefits 181 169  Deferred Income 1,757 2,349  Tax Payable 1 1 3,060 3,582 Net Current Assets 680 858 Total Assets Less Current Liabilities 21,368 19,103 Non-Current Liabilities  Accounts Payable and Accruals 84 47  Lease Liabilities 75 6  Provision for Staff Benefits 52 38  Deferred Income 617 611  Deferred Capital Funds 5,913 5,220 6,741 5,922 NET ASSETS 14,627 13,181 UGC Funds 4,629 4,285 Restricted Funds 2,120 1,963 Other Funds 7,878 6,933 TOTAL FUNDS 14,627 13,181 Approved by the Council on October 28, 2024