Cathay Pacific 1998 Annual Report Download - page 46

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44 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1998
Notes to the Accounts – Balance Sheets
10. Fixed assets
Aircraft and Other Properties
related equipment equipment under
Owned Leased Owned Leased Properties construction Total
HK$M HK$M HK$M HK$M HK$M HK$M HK$M
GROUP
Cost
At beginning of the year 14,525 34,023 2,958 7 929 3,863 56,305
Exchange differences – – (6) (2) (7) – (15)
Additions 2,484 4,968 425 – 263 1,902 10,042
Disposals (209) – (424) – (41) – (674)
Transfers (2,550) 2,550 311 102 3,680 (4,093) –
At end of the year 14,250 41,541 3,264 107 4,824 1,672 65,658
Depreciation
At beginning of the year 3,910 7,058 2,000 3 507 – 13,478
Exchange differences – – (5) – (3) – (8)
Charge for the year 878 1,659 207 1 140 – 2,885
Provision for impairment 220 387 – – – – 607
Disposals (75) – (389) – (41) – (505)
Transfers 164 (164) (6) 6 – – –
At end of the year 5,097 8,940 1,807 10 603 – 16,457
Net book value
At end of the year 9,153 32,601 1,457 97 4,221 1,672 49,201
At beginning of the year 10,615 26,965 958 4 422 3,863 42,827
COMPANY
Cost
At beginning of the year 4,295 36,141 2,545 – 743 – 43,724
Additions 1,745 7,970 183 – 202 – 10,100
Disposals (548) – (280) – – – (828)
Transfers 526 (526) (102) 102 – – –
At end of the year 6,018 43,585 2,346 102 945 – 52,996
Depreciation
At beginning of the year 1,251 7,387 1,671 – 431 – 10,740
Charge for the year 638 1,743 158 – 70 – 2,609
Provision for impairment 173 387 – – – – 560
Disposals (336) – (265) – – – (601)
Transfers 231 (231) (6) 6 – – –
At end of the year 1,957 9,286 1,558 6 501 – 13,308
Net book value
At end of the year 4,061 34,299 788 96 444 – 39,688
At beginning of the year 3,044 28,754 874 – 312 – 32,984