Treasurer’s Report 司庫報告 香港教育大學 2021-2022 年報 73 Financial Position The University’s total net assets decreased from HK$1.59 billion to HK$1.56 billion at the end of 2021/22. As also reflected in the Statement of Comprehensive Income, the losses from the investment portfolios were the main factor that reduced the value of the University’s assets. During the year, new funding was injected into the portfolios to capture the opportunities in the investment market. As a result, the bank deposits with original maturity of over three months decreased by HK$448 million to HK$941 million, whereas cash and cash equivalents increased by HK$375 million to HK$769 million as at the end of the year. The increase in cash and cash equivalents was a result of anticipation of a further increase in interest rates in the coming period, and thus deposits with shorter tenors were made pending, to give a better chance of obtaining a higher interest rate. The total balance of the General and Development Reserve Fund (“GDRF”) lowered to HK$537 million at the end of the year. Outlook There are uncertainties and challenges ahead for the University: the prolonged pandemic will affect the resumption of its normal teaching and research activities carried out locally and globally; the declining population of school age will hinder the development of teaching programmes; the high emigration rate will lead to difficulty in recruiting talent; and the high inflation and interest rate environment, as well as tight monetary policy, may trigger recession for the economy, which will have an impact on the University’s funding position. Over the past few years, the University put in much effort and resources to improve information technology and cyber security to sustain online teaching activities. In addition, a new academic building was approved to be built on the campus, which would further support the application and integration of educational technology, pedagogy and interactive learning. Looking ahead, the University is facing many hurdles. Nevertheless, with a solid financial foundation, and accumulated funds of HK$1.56 billion at the end of the year, the University will be able to minimise the impact of the factors mentioned above on its operations and financial position. Ms Imma LING Kit-sum Treasurer The Council of The Education University of Hong Kong 23 September 2022 財務狀況 截至二零二一至二二年度止，本校的資產淨值由去年 度的十五億九千萬元，減少至十五億六千萬元。正如 收益表中所反映，兩個投資組合的虧損是本校資產價 值下降的主因。年內，兩個投資組合均有新撥款注 入，以把握投資市場出現的機遇。截至年底，原到期 日超過三個月的銀行定期存款額減少四億四千八百萬 元，為九億四千一百萬元，而現金及現金等價物則增加 三億七千五百萬元，為七億六千九百萬元。由於預期利 率將進一步上升，故本校暫時擱置較長期的銀行存款， 以待取得更高銀行存款利率的時機。 於本年度末，一般及發展儲備基金的總結餘下跌至 五億三千七百萬元。 展望 未來，本校將面臨諸多不確定性及挑戰，包括疫情持 續，有礙本地和全球教學與研究活動回復正常；學齡人 口下降將影響課程發展；人才遷移將導致招聘困難；高 通脹、高利率及緊縮的貨幣政策可能引發經濟衰退， 從而影響本校的資金狀況。過去幾年，本校投入頗多精 力和資源改善資訊科技和網絡安全，以維持網上教學活 動。此外，位於校內的新教學大樓已獲准興建，將進一 步支援教育科技、教學法和互動學習的應用與融合。 往後本校或遇上重重挑戰。儘管如此，憑藉穩健的財政 基礎，以及截至本年度末所錄得的十五億六千萬元累積 儲備，有望可將上述因素對運作和財務狀況帶來的影響 減至最低。 凌潔心女士 香港教育大學校董會 司庫 二零二二年九月二十三日
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