Cathay Pacific 1998 Annual Report Download - page 48

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46 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1998
Notes to the Accounts – Balance Sheets
11. Subsidiary companies
Company
1998 1997
HK$M HK$M
Investments at cost 31,921 25,945
Net amounts due (to)/from subsidiary companies:
Loan accounts (8,698) (6,110)
Current accounts 7,325 10,726
30,548 30,561
Principal subsidiary companies are listed on page 60.
12. Associated companies
Group Company
1998 1997 1998 1997
HK$M HK$M HK$M HK$M
Hong Kong listed shares at cost
(Market value: $484 million, 1997: $890 million) ––52 52
Unlisted shares at cost ––56 56
Share of net assets other than goodwill
– listed in Hong Kong 616 602 ––
– unlisted 584 539 ––
1,200 1,141 108 108
Less: Provision ––(26) (26)
Loans to associated companies 125 43–
1,325 1,145 85 82
Share of profits of associated companies
– listed 40 91 ––
– unlisted 132 215 ––
172 306 ––
Dividends received and receivable by the Company and
its subsidiary companies from associated companies 89 110 24 45
Principal associated companies are listed on page 61.
13. Other long-term receivables and investments
Group Company
1998 1997 1998 1997
HK$M HK$M HK$M HK$M
Staff housing loans and other receivables 887 1,011 746 783
Investments at cost
– listed in Hong Kong (Market value: $38 million,
1997: $106 million) 105 105 ––
– unlisted 285 329 285 329
1,277 1,445 1,031 1,112