Cathay Pacific 1998 Annual Report Download - page 40

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38 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1998
The notes on pages 41 to 61 form part of these accounts.
Consolidated Balance Sheet
at 31st December 1998
1998 1997 1998 1997
Note
HK$M HK$M US$M US$M
Aircraft and related equipment 41,754 37,580 5,353 4,818
Properties and other equipment 5,775 1,384 741 178
Properties under construction 1,672 3,863 214 495
Fixed assets
10
49,201 42,827 6,308 5,491
Associated companies
12
1,325 1,145 170 147
Other long-term receivables and investments
13
1,277 1,445 164 185
Long-term receivables and investments 2,602 2,590 334 332
Current assets
14
16,311 19,245 2,091 2,467
Current liabilities
14
(10,200) (9,383) (1,308) (1,203)
Current assets less current liabilities 6,111 9,862 783 1,264
Total assets less current liabilities 57,914 55,279 7,425 7,087
Deferred taxation
15
(6,359) (5,802) (815) (744)
Deferred exchange differences and other items
16
(1,893) (2,296) (243) (294)
Total assets less current liabilities and deferred items 49,662 47,181 6,367 6,049
FINANCED BY:
Share capital
17
676 677 87 87
Reserves
18
24,020 24,929 3,079 3,196
Shareholders’ funds 24,696 25,606 3,166 3,283
Minority interests 108 104 14 13
Long-term loans, bonds and other liabilities
19
4,223 3,940 541 505
Obligations under finance leases
20
20,635 17,531 2,646 2,248
Long-term liabilities 24,966 21,575 3,201 2,766
Total equity and long-term liabilities 49,662 47,181 6,367 6,049
The US$ figures are for information only and are translated at HK$7.8.
Peter Sutch Henry Fan
Director Director
Hong Kong, 10th March 1999