Cathay Pacific 2001 Annual Report Download - page 55

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Cathay Pacific Airways Limited Annual Report 2001 53
23. RECONCILIATION OF OPERATING PROFIT TO NET CASH INFLOW FROM OPERATING ACTIVITIES
2001 2000
HK$M HK$M
Operating profit 832 5,289
Depreciation 3,884 3,438
Amortisation of intangible assets 111 93
Loss on disposal of fixed assets and intangible assets 48 3
Profit on disposal of an associated company
-
(13)
Currency adjustments and other items not involving cash flows (428) 140
Decrease in stock 60 1
Decrease/(increase) in trade debtors, other receivables and prepayments 222 (1,175)
Decrease in net amounts due to related and associated companies (23) (9)
Decrease in trade creditors and other payables (964) (483)
(Decrease)/increase in unearned transportation revenue (289) 513
Non-operating movements in debtors and creditors 1,160 487
Net cash inflow from operating activities 4,613 8,284
24. ANALYSIS OF CHANGES IN FINANCING
Long-term loans, Obligations
bonds and other under finance Minority
liabilities leases interests Total
HK$M HK$M HK$M HK$M
At 1st January 2001 3,210 17,628 99 20,937
New financing 1,975 5,995
-
7,970
Purchases of bonds and security deposits placed (536) (2,104)
-
(2,640)
Loan and finance lease repayments (689) (1,208)
-
(1,897)
Dividends paid to minority interests
--
(48) (48)
Minority interests’ share of subsidiaries’
capital and revenue reserves
--
42 42
Non-cash movements (64) (183)
-
(247)
At 31st December 2001 3,896 20,128 93 24,117
At 1st January 2000 3,962 20,821 86 24,869
New financing
-
1,569
-
1,569
Purchases of bonds and security deposits placed
-
(2,068)
-
(2,068)
Loan and finance lease repayments (615) (1,523)
-
(2,138)
Dividends paid to minority interests
--
(73) (73)
Minority interests’ share of subsidiaries’
capital and revenue reserves
--
86 86
Non-cash movements (137) (1,171)
-
(1,308)
At 31st December 2000 3,210 17,628 99 20,937
NOTES TO THE ACCOUNTS
-
CASH FLOW STATEMENT