Cathay Pacific 2003 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2003 Cathay Pacific annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

40 Cathay Pacific Airways Limited Annual Report 2003
The notes on pages 41 to 65 form part of these accounts.
Non-distributable
Capital Investment Cash flow
Share Retained Share redemption revaluation hedge
capital profit premium reserve reserve reserve Total
HK$M HK$M HK$M HK$M HK$M HK$M HK$M
At 1st January 2003 667 11,998 7,207 21 430 697 21,020
Exchange differences on cash flow hedges
-
recognised during the year
-----
(1,504) (1,504)
-
deferred tax recognised
-----
90 90
-
transferred to profit for the year
-----
(96) (96)
Revaluation deficit recognised
during the year
----
(81)
-
(81)
Net loss not recognised in the
profit and loss account
----
(81) (1,510) (1,591)
Profit for the year
-
818
----
818
2002 final dividend
-
(935)
----
(935)
2003 interim dividend
-
(100)
----
(100)
Share options exercised
-
premium received
--
54
---
54
-
share capital issued 2
-----
2
At 31st December 2003 669 11,781 7,261 21 349 (813) 19,268
At 1st January 2002 666 10,439 7,162 21 330 2,940 21,558
Prior year adjustment for
retirement benefits
-
(605)
----
(605)
As restated 666 9,834 7,162 21 330 2,940 20,953
Exchange differences on cash flow hedges
-
recognised during the year
-----
(1,478) (1,478)
-
transferred to profit for the year
-----
(765) (765)
Revaluation surplus recognised
during the year
----
100
-
100
Net loss not recognised in the
profit and loss account
----
100 (2,243) (2,143)
Profit for the year
-
2,865
----
2,865
2001 final dividend
-
(167)
----
(167)
2002 interim dividend
-
(534)
----
(534)
Share options exercised
-
premium received
--
45
---
45
-
share capital issued 1
-----
1
At 31st December 2002 667 11,998 7,207 21 430 697 21,020
Company Statement of Changes in Equity
for the year ended 31st December 2003