Cathay Pacific 1998 Annual Report Download - page 41

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39
CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1998
The notes on pages 41 to 61 form part of these accounts.
Company Balance Sheet
at 31st December 1998
1998 1997 1998 1997
Note
HK$M HK$M US$M US$M
Aircraft and related equipment 38,360 31,798 4,918 4,077
Properties and other equipment 1,328 1,186 170 152
Fixed assets
10
39,688 32,984 5,088 4,229
Subsidiary companies
11
30,548 30,561 3,916 3,918
Associated companies
12
85 82 11 10
Other long-term receivables and investments
13
1,031 1,112 132 142
Long-term receivables and investments 31,664 31,755 4,059 4,070
Current assets
14
5,568 6,018 714 772
Current liabilities
14
(12,462) (10,365) (1,598) (1,329)
Current assets less current liabilities (6,894) (4,347) (884) (557)
Total assets less current liabilities 64,458 60,392 8,263 7,742
Deferred taxation
15
(6,232) (5,699) (799) (731)
Deferred exchange differences and other items
16
(1,673) (2,086) (214) (267)
Total assets less current liabilities and deferred items 56,553 52,607 7,250 6,744
FINANCED BY:
Share capital
17
676 677 87 87
Reserves
18
21,245 22,265 2,723 2,854
Shareholders’ funds 21,921 22,942 2,810 2,941
Long-term loans, bonds and other liabilities
19
4,640 4,386 595 562
Obligations under finance leases
20
29,992 25,279 3,845 3,241
Long-term liabilities 34,632 29,665 4,440 3,803
Total equity and long-term liabilities 56,553 52,607 7,250 6,744
The US$ figures are for information only and are translated at HK$7.8.
Peter Sutch Henry Fan
Director Director
Hong Kong, 10th March 1999