Cathay Pacific 2007 Annual Report Download - page 73
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Notes to the Accounts
Balance Sheet
17. Trade and other receivables
Group Company
2007
HK$M
2006
HK$M
2007
HK$M
2006
HK$M
Trade debtors 4,938 4,701 4,150 3,751
Derivative financial assets 2,666 720 2,653 707
Other receivables and prepayments 3,709 3,213 2,431 1,941
Due from associates 63 101 15 1
11,376 8,735 9,249 6,400
As at 31st December 2007, derivative financial assets of the Group and the Company accounted for as held for
trading amounted to HK$1,064 million (2006: HK$237 million) and HK$1,056 million (2006: HK$236 million)
respectively.
Group Company
2007
HK$M
2006
HK$M
2007
HK$M
2006
HK$M
Analysis of trade debtors by age:
Current 4,841 4,445 4,098 3,715
One to three months overdue 95 241 52 35
More than three months overdue 215 –1
4,938 4,701 4,150 3,751
The movement in the provision for bad debt in respect of trade debtors during the year was as follows:
Group Company
2007
HK$M
2006
HK$M
2007
HK$M
2006
HK$M
At 1st January 144 100 123 100
Acquisition of a subsidiary –7––
Amounts written back (2) (8) ––
Impairment loss recognised 27 45 10 23
At 31st December 169 144 133 123
Cathay Pacific Airways Limited Annual Report 2007 71