Cathay Pacific 2013 Annual Report Download - page 37

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Cathay Pacific Airways Limited Interim Report 2013 35
Condensed Financial Statements
Notes to the Accounts
6. Net finance charges
Six months ended 30th June
2013
HK$M
2012
HK$M
Net interest charges comprise:
– obligations under finance leases stated at amortised cost 325 337
– interest income on related security deposits, notes and bonds (51) (127)
274 210
– bank loans
– wholly repayable within five years 136 82
– not wholly repayable within five years 41 38
– other loans
– wholly repayable within five years 34 25
– not wholly repayable within five years 25 13
– other long-term receivables (13) (14)
497 354
Loss/(income) from liquid funds:
– funds with investment managers and other liquid investments 11 (94)
– bank deposits and others (63) (44)
(52) (138)
Fair value change:
– (gain)/loss on obligations under finance leases designated as at fair value
through profit or loss (93) 20
– loss on financial derivatives 190 145
97 165
542 381
Finance income and charges relating to defeasance arrangements have been netted off in the
abovefigures.
Included in fair value change in respect of financial derivatives are net losses from derivatives that are
classified as held for trading of HK$67 million (2012: HK$47 million).