Cathay Pacific 2015 Annual Report Download - page 62

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Cathay Pacific Airways Limited
60
3. Net finance charges
2015
HK$M
2014
HK$M
Net interest charges comprise:
 –obligationsunderfinanceleasesstatedatamortisedcost 457 664
 –interestincomeonrelatedsecuritydeposits,notesandzerocouponbonds (18) (37)
439 627
 –bankloansandoverdrafts
  –whollyrepayablewithinfiveyears 127 139
  –notwhollyrepayablewithinfiveyears 358 230
 –otherloans
  –whollyrepayablewithinfiveyears 101 107
  –notwhollyrepayablewithinfiveyears 16 16
 –otherlong-termreceivables (22) (24)
1,019 1,095
Income from liquid funds:
 –fundswithinvestmentmanagersandotherliquidinvestmentsatfairvalue
  throughprofitorloss (41) (57)
 –bankdepositsandothers (128) (175)
(169) (232)
Fair value change:
 –gainonobligationsunderfinanceleasesdesignatedasatfairvalue
  throughprofitorloss (157) (40)
 –lossonfinancialderivatives 471 335
314 295
1,164 1,158
Finance income and charges relating to defeasance arrangements have been netted off in the above figures.
Included in the fair value change in respect of financial derivatives are net losses from derivatives that are classified as
held for trading of HK$192 million (2014: net losses of HK$89 million).
4. Taxation
2015
HK$M
2014
HK$M
Current tax expenses
 –HongKongprofitstax 170 181
 –overseastax 197 177
 –underprovisionsforprioryears 63 20
Deferred tax
 –originationandreversaloftemporarydifferences(note15) 727 221
1,157 599
Notes to the Financial Statements Statement of Profit or Loss and Other Comprehensive Income