Cathay Pacific 2000 Annual Report Download - page 42

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40 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 2000
Consolidated Balance Sheet
at 31st December 2000
The notes on pages 44 to 73 form part of these accounts.
2000 1999 2000 1999
Note
HK$M HK$M US$M US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets
11
48,548 48,131 6,224 6,171
Intangible assets
12
411 410 53 53
Investments in associated companies
14
1,532 1,367 196 175
Other long-term receivables and investments
15
2,224 2,181 285 280
52,715 52,089 6,758 6,679
Long-term liabilities (36,863) (39,380) (4,726) (5,049)
Related pledged security deposits 17,808 16,622 2,283 2,131
Net long-term liabilities
16
(19,055) (22,758) (2,443) (2,918)
Deferred taxation
17
(7,146) (6,714) (916) (861)
(26,201) (29,472) (3,359) (3,779)
Net non-current assets 26,514 22,617 3,399 2,900
Current assets and liabilities
Stock 647 648 83 83
Trade and other receivables
18
5,006 3,832 642 491
Liquid funds
19
11,040 11,595 1,415 1,487
16,693 16,075 2,140 2,061
Current portion of long-term liabilities (2,918) (2,588) (374) (332)
Related pledged security deposits 1,135 563 146 72
Net current portion of long-term liabilities
16
(1,783) (2,025) (228) (260)
Trade and other payables
20
(5,619) (6,052) (720) (776)
Unearned transportation revenue (2,254) (1,741) (289) (223)
Taxation (620) (659) (80) (85)
Proposed dividend (1,508) (914) (193) (117)
(11,784) (11,391) (1,510) (1,461)
Net current assets 4,909 4,684 630 600
Total assets less current and non-current liabilities 31,423 27,301 4,029 3,500
Minority interests (99) (86) (13) (11)
Net assets 31,324 27,215 4,016 3,489
CAPITAL AND RESERVES
Share capital
21
670 676 86 87
Reserves
22
30,654 26,539 3,930 3,402
Shareholders’ funds 31,324 27,215 4,016 3,489
The US$ figures are for information only and are translated at HK$7.8.
James Hughes-Hallett Henry Fan
Director Director
Hong Kong, 7th March 2001