The Hong Kong Polytechnic University Annual Report 2010-2011

2PolyU Annual Report 10/11

Chairmans Foreword

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Chairmans Foreword

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Presidents Overview

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Presidents Overview

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PolyU Annual Report 10/11

Highlights of the Year

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Teaching & Learning

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Teaching & Learning

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Teaching & Learning

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Human Assets

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Human Assets

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Human Assets

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Human Assets

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Human Assets

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Research & Development

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Knowledge Transfer & Partnerships with Industry

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World Connections

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World Connections

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Campus Development and Environmental Protection

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University Governance

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Finance

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Finance

2,400

2,000

1,600

1,200

800

400

2,2562,147

1,7421,621

153145 131184

367 331

2,400

2,000

1,600

1,200

800

400

2,2562,147

1,2641,198

138 136 131

339 315

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2,800

2,400

2,000

1,600

1,200

800

400

2,671 2,661

669 657

278 262 226 192 184 144 138 142 110 125 12510 5

215

2,476 2,492

638 638

213 206 196 189187 181 133 12818 15

112 10910 5

2,800

2,400

2,000

1,600

1,200

800

400

90


Finance

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400

350

300

250

200

150

100

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319

446

132 136

81

3469

51

420

83 74

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Finance

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70

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50

40

30

20

10

32

39

2621

11

31

0

19

57

78

5 5

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Finance

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Consolidated ?? University ??

(In thousands of Hong Kong dollars) (?????) 2011 2010 2011 2010

Income ??

Government Subventions ???? 2,255,786 2,147,080 2,255,786 2,147,080

Tuition and Other Fees ?????? 1,741,838 1,620,621 1,263,740 1,198,029

Net Investment Gain ???? 152,554 145,194 138,341 136,101

Donations and Benefactions ??? 130,953 183,936 131,100 192,947

Other Income ??? 367,487 330,892 338,798 314,921

4,648,618 4,427,723 4,127,765 3,989,078

Expenditure ??

Learning and Research ????

Instruction and Research ???? 2,670,699 2,661,375 2,476,363 2,491,573

Library ??? 143,608 137,591 132,680 127,915

Central Computing Facilities ?????? 125,434 124,716 111,793 109,041

Other Academic Services ????? 226,143 215,242 196,017 187,180

Institutional Support ????

Management and General ?????? 277,767 262,416 212,947 206,455

Premises and Related Expenses ??????? 669,010 656,746 637,501 638,435

Student and General

Educational Services

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?? 192,153 183,773 188,576 181,068

Other Activities ??? 141,764 110,401 17,981 15,002

4,446,578 4,352,260 3,973,858 3,956,669

Finance Costs ?? 8,301 4,400 8,301 4,400

4,454,879 4,356,660 3,982,159 3,961,069

Surplus from Operations ???? 193,739 71,063 145,606 28,009

(Loss)/Gain on Disposal of Associate/

Jointly Controlled Entities ?????/

????(??)/?? (718) 294 - 1,413

Share of Loss of Associates ???????? (173) (716) - -

Share of (Loss)/Profit of Jointly

Controlled Entities

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(??)/? (1,191) 3,755 - -

Surplus before Taxation ????? 191,657 74,396 145,606 29,422

Income Tax ??? (2,186) (871) (1,707) (854)

Surplus for the Year ????? 189,471 73,525 143,899 28,568

The above Income and Expenditure Statement is extracted from the audited financial statements for the year ended 30 June 2011.???????????????????????????

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Finance

Consolidated ?? University ??

(In thousands of Hong Kong dollars) (?????) 2011 2010 2011 2010

Non-current Assets ????Fixed Assets ??? 4,396,499 3,952,089 4,162,696 3,810,229Investments in Subsidiaries ?????? - - 180,995 179,679Interests in Associates ?????? 3,016 6,306 - -Interests in Jointly Controlled Entities ?????? 29,270 29,948 - -Non-current Financial Assets ?????? 715,990 873,640 708,015 859,896Employee Benefits Assets ??? 7,303 7,445 7,303 7,445

5,152,078 4,869,428 5,059,009 4,857,249Current Assets ???

Current Financial Assets ????? 1,290,359 1,892,005 1,290,359 1,892,005Loans to Subsidiaries ?????? - - 201,383 45,198Staff Loans ????? 53,760 62,900 53,760 62,900Inventories ? 3,390 1,767 - -Accounts and Other Receivables ?? 772,829 222,717 756,712 210,393Cash and Deposits with Banks ?????? 1,909,694 1,449,978 1,765,388 1,350,540

4,030,032 3,629,367 4,067,602 3,561,036Current Liabilities ????

Bank Loan for On-lending to Staff

?????? ????? 53,760 62,900 53,760 62,900

Loans and Borrowings ?? 47,411 47,411 47,411 47,411Accounts and Other Payables ??? 684,082 668,926 1,114,235 1,005,526Provision for Employee Benefits ???? 282,033 232,755 243,082 201,268Deferred Income ???? 299,998 277,226 297,458 274,065Receipts in Advance ?? 259,303 240,853 212,165 209,413Tax Payable ??? 972 612 424 611

1,627,559 1,530,683 1,968,535 1,801,194

Net Current Assets ???? 2,402,473 2,098,684 2,099,067 1,759,842Total Assets less Current Liabilities ???????? 7,554,551 6,968,112 7,158,076 6,617,091Non-current Liabilities ?????

Loans and Borrowings ?? 1,304,835 943,246 1,304,835 943,246Provision for Employee Benefits ???? 298,133 303,792 296,475 302,354Deferred Income ???? 81,506 76,869 81,469 76,805

1,684,474 1,323,907 1,682,779 1,322,405Deferred Capital Funds ????? 2,114,277 2,077,565 2,114,277 2,077,565Net Assets ?? 3,755,800 3,566,640 3,361,020 3,217,121Representing ???

General Funds ???? 2,866,031 2,641,226 2,471,251 2,291,707Restricted Funds ???? 889,769 925,414 889,769 925,414

Total ?? 3,755,800 3,566,640 3,361,020 3,217,121

The Hon. Marjorie Yang Mun-tak ?????, JPChairman of Council ?????

Professor Timothy Tong Wai-cheung ?????, Ph.D.President ??

Mr Patrick Poon Sun-cheong ?????Treasurer ??

Mr Louis Heung Sai-kit ?????Director of Finance ???

The above Statement of Financial Position is extracted from the audited financial statements for the year ended 30 June 2011.?????????????????????????????

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Moving Forward

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The Hong Kong Polytechnic University Annual Report 2010-2011

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