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69
Cathay Pacific Airways Limited Annual Report 2005
16. Trade and other receivables
Group Company
2005 2004 2005 2004
HK$M HK$M HK$M HK$M
Trade debtors 3,448 3,151 3,304 2,999
Derivative financial assets 886 – 886 –
Other receivables and prepayments 2,192 2,185 1,976 2,039
Due from associates 12 11 – –
6,538 5,347 6,166 5,038
As at 31st December 2005, derivative financial assets of the Group and the Company accounted for as held for
trading amounted to HK$119 million.
Group Company
2005 2004 2005 2004
HK$M HK$M HK$M HK$M
Analysis of trade debtors by age:
Current 3,408 3,108 3,277 2,979
One to three months overdue 38 37 26 20
More than three months overdue 2 6 1 –
3,448 3,151 3,304 2,999
17. Liquid funds
Group Company
2005 2004 2005 2004
HK$M HK$M HK$M HK$M
Short-term deposits and bank balances 4,321 2,687 3,761 2,023
Short-term deposits maturing beyond
three months when placed 557 691 547 676
Funds with investment managers
– debt securities listed outside Hong Kong 6,036 6,035 – –
– bank deposits 713 208 – –
Other liquid investments
– debt securities listed outside Hong Kong 55 54 – –
– bank deposits 1,777 1,799 579 545
13,459 11,474 4,887 3,244
Included in other liquid investments are bank deposits of HK$1,754 million (2004: HK$1,799 million) and debt
securities of HK$55 million (2004: HK$54 million) which are pledged as part of long-term financing arrangements. The
arrangements provide that these deposits and debt securities must be maintained at specified levels for the duration
of the financing. Other than Hong Kong dollars, liquid funds were mainly denominated in US dollars and Renminbi of
HK$8,993 million and HK$1,178 million respectively.
Notes to the Accounts Balance Sheet