Cathay Pacific 2005 Annual Report Download - page 49

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47
Cathay Pacific Airways Limited Annual Report 2005
Consolidated Balance Sheet
at 31st December 2005
2005 2004 2005 2004
Note HK$M HK$M US$M US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets 8 50,156 50,259 6,430 6,443
Intangible assets 9 260 348 33 45
Investments in associates 11 1,731 1,743 222 223
Other long-term receivables and investments 12 5,453 5,589 699 717
57,600 57,939 7,384 7,428
Long-term liabilities (27,745) (27,698) (3,557) (3,551)
Related pledged security deposits 8,853 10,036 1,135 1,287
Net long-term liabilities 13 (18,892) (17,662) (2,422) (2,264)
Retirement benefit obligations 14 (72) (102) (9) (13)
Deferred taxation 15 (6,460) (7,280) (828) (934)
(25,424) (25,044) (3,259) (3,211)
Net non-current assets 32,176 32,895 4,125 4,217
Current assets and liabilities
Stock 657 524 84 67
Trade and other receivables 16 6,538 5,347 838 686
Liquid funds 17 13,459 11,474 1,726 1,471
20,654 17,345 2,648 2,224
Current portion of long-term liabilities (4,849) (7,096) (622) (910)
Related pledged security deposits 1,286 2,127 165 273
Net current portion of long-term liabilities 13 (3,563) (4,969) (457) (637)
Trade and other payables 18 (7,625) (7,163) (978) (919)
Unearned transportation revenue (3,864) (3,622) (495) (464)
Taxation (2,527) (1,497) (324) (192)
(17,579) (17,251) (2,254) (2,212)
Net current assets 3,075 94 394 12
Net assets 35,251 32,989 4,519 4,229
CAPITAL AND RESERVES
Share capital 19 676 674 87 86
Reserves 20 34,292 32,181 4,396 4,126
Funds attributable to Cathay Pacific shareholders 34,968 32,855 4,483 4,212
Minority interests 283 134 36 17
Total equity 35,251 32,989 4,519 4,229
The accounts are prepared and presented in HK$, the functional currency. The US$ figures are shown only as supplementary
information and are translated at HK$7.8.
The notes on pages 54 to 85 form part of these accounts.
Christopher Pratt Henry Fan
Director Director
Hong Kong, 8th March 2006