Cathay Pacific 2000 Annual Report Download - page 48

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46 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 2000
4. Net finance charges
2000 1999
HK$M HK$M
Net interest charges
– Obligations under finance leases 2,253 2,275
– Interest income on related security deposits, notes and bonds (1,230) (1,038)
1,023 1,237
– Bank loans and overdrafts 467 477
– Interest income on related security deposits (261) (275)
206 202
– Other loans and bonds – wholly repayable within five years 11 23
1,240 1,462
Income from liquid funds
– Funds with investment managers (494) (278)
– Bank short-term deposits and loans (151) (108)
– Others (228) (158)
(873) (544)
367 918
Finance income and charges relating to defeasance arrangements have been netted off in the
above figures.
5. Profit on sale of investments
The profit on sale of investments in 1999 represented the gain from the sale of an indirect
interest of 0.4% in Equant N.V., a company which provides an international communications
network. The Group still maintains an indirect interest of 0.6% in this company.
Notes to the Accounts – Profit and Loss Account