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ANNUAL REPORT 2014
53
Company Statement of Financial Position
at 31st December 2014
Note
2014
HK$M
2013
HK$M
2014
US$M
2013
US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets 10 77,208 73,909 9,899 9,475
Intangible assets 11 2,631 2,115 337 271
Investments in subsidiaries 12 36,436 35,020 4,671 4,490
Investments in associates 13 10,726 10,557 1,375 1,353
Other long-term receivables and investments 14 4,655 5,395 597 692
131,656 126,996 16,879 16,281
Long-term liabilities (53,474) (54,500) (6,856) (6,987)
Related pledged security deposits 499 477 64 61
Net long-term liabilities 15 (52,975) (54,023) (6,792) (6,926)
Other long-term payables 16 (9,059) (1,094) (1,162) (140)
Deferred tax liabilities 18 (8,498) (8,479) (1,089) (1,087)
(70,532) (63,596) (9,043) (8,153)
Net non-current assets 61,124 63,400 7,836 8,128
Current assets and liabilities
Stock 1,379 1,320 177 169
Trade, other receivables and other assets 19 9,599 8,421 1,230 1,080
Assets held for sale 20 189 111 24 14
Liquid funds 21 11,357 17,272 1,456 2,215
22,524 27,124 2,887 3,478
Current portion of long-term liabilities (9,089) (13,053) (1,165) (1,673)
Related pledged security deposits 21 395 350
Net current portion of long-term liabilities 15 (9,068) (12,658) (1,162) (1,623)
Trade and other payables 22 (20,156) (14,577) (2,584) (1,869)
Unearned transportation revenue (11,577) (10,602) (1,484) (1,359)
Taxation (160) (748) (21) (96)
(40,961) (38,585) (5,251) (4,947)
Net current liabilities (18,437) (11,461) (2,364) (1,469)
Total assets less current liabilities 113,219 115,535 14,515 14,812
Net assets 42,687 51,939 5,472 6,659
CAPITAL AND RESERVES
Share capital: nominal value 23 –787 –101
Other statutory capital reserves 24 –16,319 –2,092
Share capital and other statutory capital reserves 17,106 17,106 2,193 2,193
Other reserves 24 25,581 34,833 3,279 4,466
Total equity 42,687 51,939 5,472 6,659
The financial statements 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 56 to 97 and the principal accounting policies on pages 98 to 101 form part of these financial statements.
John Slosar Jack So
Director Director
Hong Kong, 18th March 2015