Cathay Pacific 2007 Annual Report Download - page 83

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Notes to the Accounts
Supplementary Information
28. Financial risk management (continued)
(b) Liquidity risk
The Group’s policy is to monitor liquidity and compliance with lending covenants, so as to ensure sufficient liquid
funds and adequate funding lines from financial institutions to meet liquidity requirements in both the short and
long term. The undiscounted payment profile of financial liabilities is outlined as follows:
2007
Within
one year
HK$M
After one
year but
within two
years
HK$M
After two
years but
within
five years
HK$M
After five
years
HK$M
Total
HK$M
Group
Bank and other loans (2,404) (2,369) (11,847) (3,121) (19,741)
Obligations under finance leases (3,848) (3,003) (12,689) (15,845) (35,385)
Trade and other payables (13,918) – (4) – (13,922)
Derivative financial liabilities at
notional value (429) (124) (157) (32) (742)
Total (20,599) (5,496) (24,697) (18,998) (69,790)
2006
Within
one year
HK$M
After one
year but
within two
years
HK$M
After two
years but
within
five years
HK$M
After five
years
HK$M
Total
HK$M
Group
Bank and other loans (4,144) (1,946) (7,296) (3,430) (16,816)
Obligations under finance leases (4,831) (3,444) (10,118) (15,875) (34,268)
Trade and other payables (10,709) – (4) – (10,713)
Derivative financial liabilities at
notional value (197) (65) (105) (8) (375)
Total (19,881) (5,455) (17,523) (19,313) (62,172)
2007
Within
one year
HK$M
After one
year but
within two
years
HK$M
After two
years but
within
five years
HK$M
After five
years
HK$M
Total
HK$M
Company
Bank and other loans (1,556) (1,293) (9,833) (1,965) (14,647)
Obligations under finance leases (3,978) (3,798) (12,379) (14,564) (34,719)
Trade and other payables (11,472) – (4) – (11,476)
Derivative financial liabilities at
notional value (428) (123) (156) (32) (739)
Total (17,434) (5,214) (22,372) (16,561) (61,581)
Cathay Pacific Airways Limited Annual Report 2007 81