Cathay Pacific 2011 Annual Report Download - page 56

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Company Statement of Financial Position
at 31st December 2011
Note
2011
HK$M
2010
HK$M
2011
US$M
2010
US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets 12 54,722 48,459 7,016 6,213
Intangible assets 13 910 336 117 43
Investments in subsidiaries 14 29,997 31,517 3,845 4,041
Investments in associates 15 9,812 8,703 1,258 1,116
Other long-term receivables and investments 16 4,044 2,538 518 325
99,485 91,553 12,754 11,738
Long-term liabilities (34,715) (30,547) (4,450) (3,916)
Related pledged security deposits 836 834 107 107
Net long-term liabilities 17 (33,879) (29,713) (4,343) (3,809)
Other long-term payables 18 (2,033) (1,503) (261) (193)
Deferred taxation 20 (5,415) (4,550) (694) (583)
(41,327) (35,766) (5,298) (4,585)
Net non-current assets 58,158 55,787 7,456 7,153
Current assets and liabilities
Stock 1,014 883 130 113
Trade, other receivables and other assets 21 7,874 9,164 1,010 1,175
Assets held for sale 22 746 –95 –
Liquid funds 23 8,848 9,140 1,134 1,172
18,482 19,187 2,369 2,460
Current portion of long-term liabilities (8,806) (9,315) (1,129) (1,194)
Related pledged security deposits 34 126 416
Net current portion of long-term liabilities 17 (8,772) (9,189) (1,125) (1,178)
Trade and other payables 24 (14,567) (12,920) (1,867) (1,657)
Unearned transportation revenue (9,089) (8,697) (1,165) (1,115)
Taxation (860) (986) (110) (127)
(33,288) (31,792) (4,267) (4,077)
Net current liabilities (14,806) (12,605) (1,898) (1,617)
Total assets less current liabilities 84,679 78,948 10,856 10,121
Net assets 43,352 43,182 5,558 5,536
CAPITAL AND RESERVES
Share capital 25 787 787 101 101
Reserves 26 42,565 42,395 5,457 5,435
Total equity 43,352 43,182 5,558 5,536
The accounts are prepared and presented in HK$, the functional currency. The US$ figures are shown only as supplementary information and are translated
at HK$7.8.
The notes on pages 58 to 97 and the principal accounting policies on pages 48 to 51 form part of these accounts.
Christopher Pratt Jack So
Director Director
Hong Kong, 14th March 2012
54