Cathay Pacific 2007 Annual Report Download - page 28
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Please find page 28 of the 2007 Cathay Pacific annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.HK$ million
0
4,000
8,000
12,000
16,000
24,000
20,000
28,000
EUR
Borrowings before and after derivatives
GBP HKD JPY USD SGD Others
Before derivatives
After derivatives
Others include AUD, CAD, KRW and TWD.
%
0
40
20
60
80
100
2003 2004 2005 2006 2007
Interest rate profile: borrowings
Fixed
Floating
HK$ million
0
10,000
20,000
30,000
40,000
60,000
Times
0
0.1
0.2
0.3
0.4
50,000 0.5
0.6
2003 2004 2005 2006 2007
Net debt and equity
Funds attributable to Cathay Pacific shareholders
Net borrowings
Net debt/equity ratio
Borrowings and capital
• Borrowings increased by 13.9% to HK$36,368
million compared with HK$31,943 million in 2006.
• Borrowings are mainly denominated in US dollars,
Hong Kong dollars, Singapore dollars and Euros, and
are fully repayable by 2022 with 35% at fixed rates
of interest net of derivatives.
• Liquid funds, 57% of which are denominated in US
dollars, increased by 38.6% to HK$21,649 million.
• Net borrowings decreased by 9.9% to
HK$14,731 million.
• Funds attributable to Cathay Pacific shareholders
increased by 11.4% to HK$50,549 million.
• Net debt/equity ratio decreased from 0.36 times to
0.29 times.
Financial Review
Cathay Pacific Airways Limited Annual Report 2007
26