Cathay Pacific 1999 Annual Report Download - page 48

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Notes to the Accounts – Balance Sheets
52 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1999
22. Reserves
Non-distributable
Capital Investment Cash flow
Retained Share redemption revaluation Other hedge
profit premium reserve reserve reserves reserve Total
HK$M HK$M HK$M HK$M HK$M HK$M HK$M
Group
At beginning of the year 16,829 7,158 11 1,033 22 66 25,119
Profit retained for the year 1,175 –––––1,175
Goodwill on acquisition of
minority’s interest in a
subsidiary company written off (13) –––––(13)
Goodwill on disposal of a
subsidiary company
written back 8–––––8
Exchange differences on cash flow
– recognised during the year –––––4848
– transferred to profit for
the year –––––7171
Revaluation surpluses
– recognised during the year – – – 422 – – 422
– transferred to profit for
the year on disposal – – – (482) – – (482)
Exchange differences ––––4–4
At end of the year 17,999 7,158 11 973 26 185 26,352
Company
At beginning of the year 14,076 7,158 11 1,088 – (35) 22,298
Profit retained for the year 444–––––444
Exchange differences on cash flow
– recognised during the year –––––(89) (89)
– transferred to profit for
the year –––––154154
Revaluation surpluses
– recognised during the year – – – 387 – – 387
– transferred to profit for
the year on disposal – – – (466) – – (466)
At end of the year 14,520 7,158 11 1,009 – 30 22,728
Included in retained profit is an amount of HK$769 million (1998: HK$724 million) relating to retained
profit attributable to associated companies.
Investment revaluation reserve relates to changes in the fair value of long-term investments.