Cathay Pacific 2000 Annual Report Download - page 60
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58 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 2000
17. Deferred taxation
(continued)
The provision in respect of certain lease arrangements equates to payments which are expected
to be made during the years 2002 to 2011 (1999: 2001 to 2011) as follows:
2000 1999
HK$M HK$M
After one year but within five years 1,576 1,079
After five years but within ten years 4,342 4,542
After ten years 614 407
6,532 6,028
18. Trade and other receivables
Group Company
2000 1999 2000 1999
HK$M HK$M HK$M HK$M
Trade debtors 2,840 2,458 2,388 2,065
Other receivables and prepayments 2,150 1,357 1,907 1,292
Due from associated companies 15 17 87
Due from other related companies 1–––
5,006 3,832 4,303 3,364
Analysis of trade debtors by age:
Group Company
2000 1999 2000 1999
HK$M HK$M HK$M HK$M
Current 2,627 2,121 2,258 1,772
One to three months overdue 170 277 98 240
More than three months overdue 43 60 32 53
2,840 2,458 2,388 2,065
The Company normally grants a credit term of 30 days to customers or follows the local industry
standard with the debt partially protected by bank guarantee or other monetary collateral.
Notes to the Accounts – Balance Sheets