Cathay Pacific 1999 Annual Report Download - page 33

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37CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1999
The notes on pages 40 to 63 form part of these accounts.
Company 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
39,978 38,289 5,125 4,909
Investments in subsidiary companies
13
25,290 30,548 3,243 3,916
Investments in associated companies
14
85 85 11 11
Other long-term receivables and investments
15
1,991 2,119 255 272
67,344 71,041 8,634 9,108
Long-term liabilities (35,465) (39,598) (4,547) (5,077)
Related pledged security deposits 5,161 5,021 662 644
Net long-term liabilities
16
(30,304) (34,577) (3,885) (4,433)
Deferred taxation
17
(6,564) (6,232) (842) (799)
(36,868) (40,809) (4,727) (5,232)
Net non-current assets 30,476 30,232 3,907 3,876
Current assets and liabilities
Stock 628 678 80 87
Trade and other receivables
18
3,364 3,046 431 391
Liquid funds
19
1,252 2,055 161 263
5,244 5,779 672 741
Current portion of long-term liabilities (2,650) (3,399) (340) (435)
Related pledged security deposits 23 19 32
Net current portion of long-term liabilities
16
(2,627) (3,380) (337) (433)
Trade and other payables
20
(6,404) (6,984) (821) (895)
Unearned transportation revenues (1,741) (1,783) (223) (229)
Taxation (630) (653) (81) (84)
Proposed dividend (914) (237) (117) (30)
(12,316) (13,037) (1,579) (1,671)
Net current liabilities (7,072) (7,258) (907) (930)
Net assets 23,404 22,974 3,000 2,946
CAPITAL AND RESERVES
Share capital
21
676 676 87 87
Reserves
22
22,728 22,298 2,913 2,859
Shareholders’ funds 23,404 22,974 3,000 2,946
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