Cathay Pacific 2015 Annual Report Download - page 79

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Annual Report 2015
77
Notes to the Financial Statements Statement of Financial Position
19. Trade and other payables
2015
HK$M
2014
HK$M
Trade creditors 5,341 5,671
Derivative financial liabilities – current portion 9,456 7,291
Other payables 7,732 8,996
Due to associates 227 239
Due to other related companies 269 261
23,025 22,458
At 31st December 2015, total derivative financial liabilities of the Group which did not qualify for hedge accounting
amounted to HK$175 million (2014: HK$201 million).
2015
HK$M
2014
HK$M
Analysis of trade creditors by age:
Current 5,023 5,476
One to three months overdue 308 176
More than three months overdue 10 19
5,341 5,671
The Group’s general payment terms are one to two months from the invoice date.
20. Share capital
2015 2014
Number of shares HK$M Number of shares HK$M
Issued and fully paid
At 1st January 3,933,844,572 17,106 3,933,844,572 787
Transition to no-par value regime on
 3rdMarch2014(note21) – – – 16,319
At 31st December 3,933,844,572 17,106 3,933,844,572 17,106
There was no purchase, sale or redemption by the Company, or any of its subsidiaries, of the Company’s shares during
the year. At 31st December 2015, 3,933,844,572 shares were in issue (31st December 2014: 3,933,844,572 shares). The
transition to the no-par value regime under the new Hong Kong Companies Ordinance (Cap. 622) occurred automatically
on 3rd March 2014. On that date, the share premium account and any capital redemption reserve were subsumed into
share capital in accordance with section 37 of Schedule 11 to the new Ordinance. These changes did not impact on the
number of shares in issue or the relative entitlement of any of the members. Since that date, all changes in share capital
have been made in accordance with the requirements of Parts 4 and 5 of the new Ordinance.