Operating results and financial position
2007/08 was originally the last year of the current funding triennium. In order to cope with the introduction of the new 4-year undergraduate curriculum in 2012/13, the University Grants Committee (UGC) decided to extend the current funding period by one more year to 2008/09.
In 2008, the total income of the University and its subsidiaries (collectively referred to as the "Consolidated Entity") was $3,958 million, of which $2,096.3 million represented government subventions, $1,419.6 million was from tuition and other fees, $194.1 million from donations and benefactions, $292.2 million from other sources, and $44.2 million net investment loss was record.
The expenditure of the Consolidated Entity was $4,224.7 million, of which $2,593 million was for instruction and research, $653.6 million for premises and related expenses, $258.5 million for management and general, $196.5 million for other academic services and the remaining $523.1 million for library, central computing facilities, student and general educational services, and other activities. The University will continue to assess the investment strategies deployed, taking into consideration the changing global market conditions.
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