Cathay Pacific 2002 Annual Report Download - page 38

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Cathay Pacific Airways Limited Annual Report 2002 35
2002 2001 2002 2001
Note
HK$M HK$M US$M US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets
10
42,041 44,635 5,390 5,722
Intangible assets
11
277 293 35 38
Investments in subsidiary companies
12
16,139 13,963 2,069 1,790
Investments in associated companies
13
75 76 10 10
Other long-term receivables and investments
14
1,279 1,361 164 174
59,811 60,328 7,668 7,734
Long-term liabilities (30,025) (36,261) (3,849) (4,649)
Related pledged security deposits 4,513 8,260 579 1,059
Net long-term liabilities
15
(25,512) (28,001) (3,270) (3,590)
Retirement benefit obligations
16
(368)
-
(47)
-
Deferred taxation
17
(7,484) (7,707) (960) (988)
(33,364) (35,708) (4,277) (4,578)
Net non-current assets 26,447 24,620 3,391 3,156
Current assets and liabilities
Stock 417 575 53 74
Trade and other receivables
18
4,042 4,302 518 552
Liquid funds
19
3,487 2,852 447 366
7,946 7,729 1,018 992
Current portion of long-term liabilities (5,835) (2,907) (748) (373)
Related pledged security deposits 1,235 218 158 28
Net current portion of long-term liabilities
15
(4,600) (2,689) (590) (345)
Trade and other payables
20
(5,400) (5,538) (692) (710)
Unearned transportation revenue (2,518) (1,965) (323) (252)
Taxation (855) (599) (109) (77)
(13,373) (10,791) (1,714) (1,384)
Net current liabilities (5,427) (3,062) (696) (392)
Net assets 21,020 21,558 2,695 2,764
CAPITAL AND RESERVES
Share capital
21
667 666 86 85
Reserves
22
20,353 20,892 2,609 2,679
Shareholders’ funds 21,020 21,558 2,695 2,764
The US$ figures are for information only and are translated at HK$7.8.
James Hughes-Hallett Henry Fan
Director Director
Hong Kong, 5th March 2003
Company Balance Sheet
at 31st December 2002
The notes on pages 39 to 61 form part of these accounts.