Cathay Pacific 2002 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2002 Cathay Pacific annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 73

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73

46 Cathay Pacific Airways Limited Annual Report 2002
13. ASSOCIATED COMPANIES
Group Company
2002 2001 2002 2001
HK$M HK$M HK$M HK$M
Hong Kong listed shares at cost
(Market value: HK$1,050 million, 2001: HK$548 million)
--
52 52
Unlisted shares at cost
--
38 39
Share of net assets
-
listed in Hong Kong 882 755
--
-
unlisted 749 723
--
1,631 1,478 90 91
Less: Provision
--
(17) (17)
Loans to associated companies 108 112 22
1,739 1,590 75 76
Share of profits of associated companies
-
listed 147 95
--
-
unlisted 177 93
--
324 188
--
Dividends received and receivable by the
Company and its subsidiary companies
from associated companies 133 77 47 31
The share of net assets of associated companies brought forward from 2001 has been increased by
HK$32 million being prior year adjustment of retirement benefit assets.
Principal associated companies are listed on page 61.
14. OTHER LONG-TERM RECEIVABLES AND INVESTMENTS
Group Company
2002 2001 2002 2001
HK$M HK$M HK$M HK$M
Staff housing loans and other receivables 527 647 484 564
Investments at fair value
-
listed in Hong Kong 134 128
--
-
listed outside Hong Kong 51 171 49 168
-
unlisted 746 629 746 629
1,458 1,575 1,279 1,361
An impairment loss of HK$113 million (2001: HK$90 million) for certain investments has been recognised under
other expenses in the year.
Notes to the Accounts
-
Balance Sheet