Cathay Pacific 2005 Annual Report Download - page 55

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53
Cathay Pacific Airways Limited Annual Report 2005
for the year ended 31st December 2004
Non-distributable
Investment Cash flow Capital
Share Retained Share revaluation hedge redemption Total
capital profit premium reserve reserve reserve equity
HK$M HK$M HK$M HK$M HK$M HK$M HK$M
At 31st December 2003 669 11,781 7,261 349 (813) 21 19,268
Prior year adjustment on
Asia Miles – (250) – – – – (250)
At 1st January 2004 669 11,531 7,261 349 (813) 21 19,018
Exchange differences on
cash flow hedges
– recognised during the year – – – – (1,058) – (1,058)
– deferred tax recognised – – – – 68 – 68
– transferred to profit for the year – – – – 382 – 382
Revaluation surplus recognised
during the year – – – 120 – – 120
Net gain/(loss) recognised
directly in equity – – – 120 (608) – (488)
Profit for the year – 3,781 – – – – 3,781
Total recognised profit/(loss)
for the year – 3,781 – 120 (608) – 3,293
2003 final dividend – (1,515) – – – – (1,515)
2004 interim dividend – (674) – – – – (674)
Share options exercised 5 – 194 – – – 199
Total transactions
with shareholders 5 (2,189) 194 – – – (1,990)
At 31st December 2004 674 13,123 7,455 469 (1,421) 21 20,321
The notes on pages 54 to 85 form part of these accounts.
Company Statement of Changes in Equity