Cathay Pacific 1999 Annual Report Download - page 32

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36 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1999
The notes on pages 40 to 63 form part of these accounts.
Consolidated Balance Sheet
at 31st December 1999
1999 1998 1999 1998
Note
HK$M HK$M US$M US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets
12
48,354 47,792 6,200 6,127
Investments in associated companies
14
1,367 1,325 175 170
Other long-term receivables and investments
15
2,181 2,310 280 296
51,902 51,427 6,655 6,593
Long-term liabilities (39,380) (39,436) (5,049) (5,056)
Related pledged security deposits 16,622 14,578 2,131 1,869
Net long-term liabilities
16
(22,758) (24,858) (2,918) (3,187)
Deferred taxation
17
(6,714) (6,359) (861) (815)
(29,472) (31,217) (3,779) (4,002)
Net non-current assets 22,430 20,210 2,876 2,591
Current assets and liabilities
Stock 648 694 83 89
Trade and other receivables
18
3,832 3,502 491 449
Liquid funds
19
11,595 12,326 1,487 1,580
16,075 16,522 2,061 2,118
Current portion of long-term liabilities (2,588) (3,401) (332) (436)
Related pledged security deposits 563 1,061 72 136
Net current portion of long-term liabilities
16
(2,025) (2,340) (260) (300)
Trade and other payables
20
(6,052) (5,796) (776) (743)
Unearned transportation revenues (1,741) (1,783) (223) (229)
Taxation (659) (673) (85) (86)
Proposed dividend (914) (237) (117) (30)
(11,391) (10,829) (1,461) (1,388)
Net current assets 4,684 5,693 600 730
Total assets less current and non-current liabilities 27,114 25,903 3,476 3,321
Minority interests (86) (108) (11) (14)
Net assets 27,028 25,795 3,465 3,307
CAPITAL AND RESERVES
Share capital
21
676 676 87 87
Reserves
22
26,352 25,119 3,378 3,220
Shareholders’ funds 27,028 25,795 3,465 3,307
The US$ figures are for information only and are translated at HK$7.8.
James Hughes-Hallett Henry Fan
Director Director
Hong Kong, 8th March 2000