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80 Cathay Pacific Airways Limited Annual Report 2005
27. Financial risk management (continued)
(d) Interest rate risk (continued)
2005
After one After two
Within year but years but After
Effective one within two within five five
Fixed/ interest year years years years Total
Floating rate (%) HK$M HK$M HK$M HK$M HK$M
Company
Bank loans Floating 4.08 – 5.28 (3,678) – – – (3,678)
Other loans Fixed 3.06 – – (1,049) – (1,049)
Other loans Floating 2.68 – 2.83 (309) – – – (309)
Obligations under finance leases Fixed 1.64 – 11.19 (650) (1,305) (3,628) (9,418) (15,001)
Obligations under finance leases Floating 1.77 – 5.33 (10,273) – – – (10,273)
Pledged security deposits Fixed 3.79 – 8.75 188 811 757 1,844 3,600
Currency swap Floating 1.29 – 9.12 1,098 (78) (411) (398) 211
Interest rate swap Fixed 3.45 – 6.43 1,860 (702) (773) (385) –
Liquid funds Fixed 2.27 – – 23 – 23
Liquid funds Floating 0 – 7.45 4,864 – – – 4,864
Bank overdrafts Floating 0 – 9.25 (49) – – – (49)
2004
After one After two
Within year but years but After
Effective one within two within five five
Fixed/ interest year years years years Total
Floating rate (%) HK$M HK$M HK$M HK$M HK$M
Company
Bank loans Floating 0.71 – 5.07 (1,567) – – – (1,567)
Other loans Floating 2.71 – 2.73 (425) – – – (425)
Obligations under finance leases Fixed 1.29 – 11.19 (798) (604) (3,205) (12,928) (17,535)
Obligations under finance leases Floating 1.80 – 6.77 (12,840) – – – (12,840)
Pledged security deposits Fixed 3.79 – 9.19 386 266 840 2,852 4,344
Interest rate swap Fixed 2.28 – 8.16 1,731 (362) (385) (984) –
Liquid funds Floating 0 – 6.43 3,244 – – – 3,244
Bank overdrafts Floating 0 (7) – – – (7)
Notes to the Accounts Supplementary Information