EdUHK Annual Report 2018-2019

Financial Position The University’s total net assets remains more or less the same at $1,224 million at the end of 2018/19. As higher interest rates were offered, more money had been placed with banks for longer term time deposits which resulted in an increase of $60.9 million in bank deposits with original maturity of over three months. Overall, cash and deposits reduced slightly to $1,305 million. The total balance of the General and Development Reserve Fund (“GDRF”) reached $482 million at the end of the year. The deficit of $16.3 million incurred by UGC-funded activities was covered by $12.3 million from the GRDF and $4 million from the Matching grant funds. Outlook The financial position of the University is healthy with a total accumulated fund of over $1.2 billion at the end of the year. For the coming triennium, from 2019/20 to 2021/22, the UGC has already indicated in the Allocation Letter the proposed amount of recurrent grants that would be allocated to the University. As recurrent grants from UGC form a major part of the University’s total income, the risk that the University’s financial planning being affected by adverse economic circumstances will be low in the coming three years. The recent Sino-US Trade War and the social movement in Hong Kong will definitely have a big impact on its economy. The University is keeping a close eye on the development of the situation and will adjust its financial planning to prepare for any changes in the economic environment. Ms Susanna CHIU Lai-kuen , MH, JP Treasurer The Council of The Education University of Hong Kong 27 September 2019 財務狀況 截至二零一八至一九年度止，本校的資產淨值較去年 度相約，達十二億二千四百萬元。年內由於較長期存款 的利率提升，令相關的銀行存款有所增長，原到期日 超過三個月的定期存款額增加了六千九十萬元。整體而 言，現金及存款總額輕微減少，達至十三億五百萬元。 於本年度末，一般及發展儲備基金的總結餘達至四億 八千二百萬元。教資會資助項目所出現的一千六百三十 萬元赤字，得到來自一般及發展儲備基金的一千二百三 十萬元及配對補助金的四百萬元抵銷。 前瞻 本校的財務狀況甚為穩健。於本年度末，累積的儲備已 超過十二億元。教資會已在給予本校的撥款信件中，就 未來三年由二零一九／二零年度至二零二一／二二年度 給本校的經常撥款數額作出建議。由於教資會的經常 撥款佔了本校總收入的主要部分，以致未來三年一旦出 現不利經濟狀況，都不會對本校的財務規劃造成重大 的影響。 近期的中美貿易戰及香港本地的社會運動勢必大大影 響香港經濟，本校管理層將密切留意事態發展，並為經 濟環境的變動作好準備。 趙麗娟女士 ，榮譽勳章，太平紳士 香港教育大學校董會 司庫 二零一九年九月二十七日 77 香港教育大學 2018-2019 年報 Treasurer’s Report 司庫報告