Cathay Pacific 1999 Annual Report Download - page 40

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Notes to the Accounts – Balance Sheets
44 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1999
12. Fixed assets
Aircraft and Other Properties
related equipment equipment under
Owned Leased Owned Leased Properties construction Total
HK$M HK$M HK$M HK$M HK$M HK$M HK$M
GROUP
Cost
At beginning of the year 14,250 39,383 3,523 107 4,565 1,672 63,500
Exchange differences –– 2– 3 – 5
Additions 1,558 1,341 349 – 43 701 3,992
Disposals (268) – (457) – (430) – (1,155)
Disposal on sale of
subsidiary – – (71) (1) (65) – (137)
Transfers (1,415) 1,415 176 – 2,197 (2,373) –
At end of the year 14,125 42,139 3,522 106 6,313 – 66,205
Depreciation
At beginning of the year 5,097 8,191 1,814 10 596 – 15,708
Exchange differences –– 1– 1 – 2
Charge for the year 844 1,811 320 5 220 – 3,200
Disposals (139) – (409) – (430) – (978)
Disposal on sale of
subsidiary – – (69) (1) (11) – (81)
Transfers 275 (275) – – – – –
At end of the year 6,077 9,727 1,657 14 376 – 17,851
Net book value
At end of the year 8,048 32,412 1,865 92 5,937 – 48,354
At beginning of the year 9,153 31,192 1,709 97 3,969 1,672 47,792
COMPANY
Cost
At beginning of the year 6,018 41,439 2,346 102 945 – 50,850
Additions 1,100 3,463 196 – 3 – 4,762
Disposals (417) – (427) – (430) – (1,274)
Transfers 754 (754) – – – – –
At end of the year 7,455 44,148 2,115 102 518 – 54,338
Depreciation
At beginning of the year 1,957 8,539 1,558 6 501 – 12,561
Charge for the year 612 1,905 176 5 59 – 2,757
Disposals (129) – (399) – (430) – (958)
Transfers 322 (322) – – – – –
At end of the year 2,762 10,122 1,335 11 130 – 14,360
Net book value
At end of the year 4,693 34,026 780 91 388 – 39,978
At beginning of the year 4,061 32,900 788 96 444 – 38,289