Cathay Pacific 2003 Annual Report Download - page 39

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Cathay Pacific Airways Limited Annual Report 2003 37
Company Balance Sheet
at 31st December 2003
2003 2002 2003 2002
Note
HK$M HK$M US$M US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets
9
43,588 42,041 5,588 5,390
Intangible assets
10
211 277 27 35
Investments in subsidiary companies
11
13,766 16,139 1,765 2,069
Investments in associated companies
12
76 75 10 10
Other long-term receivables and investments
13
1,094 1,279 140 164
58,735 59,811 7,530 7,668
Long-term liabilities (31,793) (30,025) (4,076) (3,849)
Related pledged security deposits 4,251 4,513 545 579
Net long-term liabilities
14
(27,542) (25,512) (3,531) (3,270)
Retirement benefit obligations
15
(224) (368) (29) (47)
Deferred taxation
16
(7,617) (7,484) (976) (960)
(35,383) (33,364) (4,536) (4,277)
Net non-current assets 23,352 26,447 2,994 3,391
Current assets and liabilities
Stock 387 417 50 53
Trade and other receivables
17
4,532 4,042 581 518
Liquid funds
18
6,476 3,487 830 447
11,395 7,946 1,461 1,018
Current portion of long-term liabilities (6,337) (5,835) (812) (748)
Related pledged security deposits 564 1,235 72 158
Net current portion of long-term liabilities
14
(5,773) (4,600) (740) (590)
Trade and other payables
19
(5,634) (5,400) (723) (692)
Unearned transportation revenue (2,839) (2,518) (364) (323)
Taxation (1,233) (855) (158) (109)
(15,479) (13,373) (1,985) (1,714)
Net current liabilities (4,084) (5,427) (524) (696)
Net assets 19,268 21,020 2,470 2,695
CAPITAL AND RESERVES
Share capital
20
669 667 86 86
Reserves
21
18,599 20,353 2,384 2,609
Shareholders’ funds 19,268 21,020 2,470 2,695
The US$ figures are for information only and are translated at HK$7.8.
James Hughes-Hallett Henry Fan
Director Director
Hong Kong, 10th March 2004
The notes on pages 41 to 65 form part of these accounts.