Cathay Pacific 2015 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 of the 2015 Cathay Pacific annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

Annual Report 2015
55
Note
2015
HK$M
2014
HK$M
2015
US$M
2014
US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Property, plant and equipment 8100,552 98,471 12,891 12,624
Intangible assets 910,606 10,318 1,360 1,323
Investments in associates 10 22,878 22,918 2,933 2,938
Other long-term receivables and investments 11 5,069 6,372 650 817
Deferred tax assets 15 497 428 64 55
139,602 138,507 17,898 17,757
Long-term liabilities (49,867) (55,814) (6,393) (7,156)
Related pledged security deposits –499 –64
Net long-term liabilities 12 (49,867) (55,315) (6,393) (7,092)
Other long-term payables 13 (15,838) (10,439) (2,031) (1,338)
Deferred tax liabilities 15 (9,278) (9,691) (1,190) (1,242)
(74,983) (75,445) (9,614) (9,672)
Net non-current assets 64,619 63,062 8,284 8,085
Current assets and liabilities
Stock 1,366 1,589 175 204
Trade, other receivables and other assets 16 9,715 10,591 1,246 1,358
Assets held for sale 17 1,497 189 192 24
Liquid funds 18 20,647 21,098 2,647 2,705
33,225 33,467 4,260 4,291
Current portion of long-term liabilities (13,782) (10,002) (1,767) (1,282)
Related pledged security deposits 544 221 70 28
Net current portion of long-term liabilities 12 (13,238) (9,781) (1,697) (1,254)
Trade and other payables 19 (23,025) (22,458) (2,952) (2,879)
Unearned transportation revenue (13,012) (12,238) (1,668) (1,569)
Taxation (502) (199) (65) (26)
(49,777) (44,676) (6,382) (5,728)
Net current liabilities (16,552) (11,209) (2,122) (1,437)
Total assets less current liabilities 123,050 127,298 15,776 16,320
Net assets 48,067 51,853 6,162 6,648
CAPITAL AND RESERVES
Share capital and other statutory capital reserves 20 17,106 17,106 2,193 2,193
Other reserves 21 30,821 34,616 3,951 4,438
Funds attributable to the shareholders of Cathay Pacific 47,927 51,722 6,144 6,631
Non-controlling interests 140 131 18 17
Total equity 48,067 51,853 6,162 6,648
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 58 to 99 and the principal accounting policies on pages 100 to 105 form part of these financial statements.
John Slosar Irene Lee
Director Director
Hong Kong, 9th March 2016
Consolidated Statement of Financial Position
at 31st December 2015