Cathay Pacific 2005 Annual Report Download - page 75

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73
Cathay Pacific Airways Limited Annual Report 2005
21. Reconciliation of operating profit to cash generated from operations
2005 2004
HK$M HK$M
Operating profit 4,143 5,247
Depreciation 3,963 3,764
Amortisation of intangible assets 44 84
Loss on disposal of fixed assets and intangible assets 230 29
Profit on disposal of an investment (66) –
Currency adjustments and other items not involving cash flows 373 437
Increase in stock (133) (126)
Increase in trade debtors, other receivables and prepayments (1,190) (557)
(Decrease)/increase in net amounts due to related companies and associates (77) 115
Increase in trade creditors and other payables 514 1,488
Increase in unearned transportation revenue 242 783
Non-operating movements in debtors and creditors 663 (669)
Cash generated from operations 8,706 10,595
22. Analysis of cash and cash equivalents
2005 2004
HK$M HK$M
Short-term deposits and bank balances 4,321 2,687
Bank overdrafts (54) (30)
4,267 2,657
Notes to the Accounts Cash Flow