EdUHK Annual Report 2018-2019

Treasurer’s Report 司庫報告 Report of the Treasurer to the Council on the Group’s Financial Statements for the Year ended 30 June 2019 Overview In celebration of its 25th anniversary, the University held a ceremony in May 2019 to open a time capsule placed on campus in the 1990s, unearthing a number of items and documents that bear testimony to the transformation of the University. It was a fruitful year for the University as it achieved excellent results in research, in terms of both the number of funded projects and the amount awarded in the discipline of Education in the 2018/19 Research Grants Council’s General Research Fund and Early Career Scheme funding exercises. In addition, the University honoured six students who won medals at the 2018 Asian Games and a new scholarship, namely Postgraduate Degree Programme Scholarship for Elite Athletes was established to help elite athletes pursue postgraduate degrees at either master’s or doctoral level. The University has been home to 74 elite athletes since 2010. In 2018/19, the University recorded an overall net surplus of $1.9 million for the year, of which a deficit of $16.3 million was incurred by University Grants Committee (“UGC”)-funded activities and a surplus of $18.2 million was derived from non-UGC-funded activities. At the Group level, the net surplus of $2.4 million included a small surplus of about $0.2 million and $0.3 million from its subsidiaries, The EdUHK Schools Limited (“Schools Limited”) and The EdUHK School of Continuing and Professional Education Limited (“SCPE”) respectively. Operating Results and Financial Position The Group adopted the Hong Kong Financial Reporting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants and the Statement of Recommended Practice (“SORP”) for the UGC-funded Institutions in Hong Kong. Note 1 of the Consolidated Financial Statements shows the details of the significant accounting policies adopted by the Group. Income Compared to 2017/18, there was an increase of $9.3 million in the recurrent grants and an increase of $2.1 million in the earmarked grants. Tuition, programmes and other fees of the University increased by $42.4 million and the increased amount was contributed mainly from non-UGC-funded programmes. Total interest and net investment income amounted to $51.9 million, significantly over last year’s total of $11.5 million. Better performance of the investment portfolios managed by the investment managers and higher deposit interest rates were the main reasons. Furthermore, donation and benefactions of the University decreased by $14.8 million to $52.1 million as a number of donations were held pending the 8th Matching Grant Scheme. 香港教育大學司庫致校董會於二零一九年六月 三十日止年度的報告 概覽 香港教育大學為慶祝成立二十五周年，於年內五月舉行 了時間囊開啟儀式，將多件於九十年代封存的歷史物品 和文件解封，見證了本校發展成為大學的變革歷程。 本校在過去一年的工作收穫良多，成績卓越。教育學科 的研究工作，成功取得二零一八至一九年度研究資助局 轄下優配研究金及傑出青年學者計劃資助的，不論是研 究項目數額或是資助金額，皆甚可觀。另一方面，我們 向於二零一八年亞洲運動會中贏得獎牌的六位學生予以 嘉許，更設立「精英運動員入讀教大學士後學位課程獎 學金」，全費資助精英運動員入讀本校的碩士或博士課 程，以獲取學士後學位資歷。自二零一零年以來，共七 十四名精英運動員於本校簷下修學進德。 二零一八至一九年度，本校錄得淨盈餘約一百九十萬 元，分別來自大學教育資助委員會（「教資會」）資 助項目的赤字一千六百三十萬元，及非教資會資助項 目的盈餘一千八百二十萬元。整體而言，本集團的二 百四十萬元淨盈餘中，包含二十萬元及三十萬元的 少量盈餘，分別來自香港教育大學附屬學校有限公 司（「學校有限公司」）及香港教育大學持續專業 教育學院有限公司（「持續專業教育學院」）。 營運業績及財務狀況 本集團採納香港會計師公會頒布的香港財務報告準則 （「財務準則」），以及教資會資助大學的建議準則 （「建議準則」）。本校綜合財務報表附註一羅列了 本集團採用的主要會計政策細則。 收入 相比二零一七至一八年度，經常性撥款增加了九百三十 萬元，指定撥款較去年度多出二百一十萬元。學費、課 程及其他收費合共增加約四千二百四十萬元，此增收主 要源自非教資會資助的課程。利息及投資淨收入達五 千一百九十萬元，較去年度的一千一百五十萬元以倍數 躍升，主要由於投資經理所管理的投資組合回報可觀， 以及存款利率調高所致。此外，來自捐款及捐助的收 入減少約一千四百八十萬元，致總數為五千二百一十 萬元，款項下跌皆因若干捐款仍待第八輪配對補助金計 劃的實施。 74 The Education University of Hong Kong Annual Report 2018-2019