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46 Cathay Pacific Airways Limited Annual Report 2003
Notes to the Accounts – Balance Sheet
9. FIXED ASSETS
Aircraft and Other
related equipment equipment Properties
Owned Leased Owned Leased Owned Total
HK$M HK$M HK$M HK$M HK$M HK$M
Group
Cost
At 1st January 2003 21,116 42,864 2,387 547 6,230 73,144
Exchange differences
--
6
-
12 18
Additions 2,416 2,611 44
-
50 5,121
Disposals (138)
-
(109)
--
(247)
Transfers 1,366 (1,366)
----
At 31st December 2003 24,760 44,109 2,328 547 6,292 78,036
Accumulated depreciation
At 1st January 2003 8,952 11,441 1,460 211 1,042 23,106
Exchange differences
--
6
-
410
Charge for the year 1,419 1,907 160 23 236 3,745
Disposals (73)
-
(109)
--
(182)
Transfers 1,293 (1,293)
----
At 31st December 2003 11,591 12,055 1,517 234 1,282 26,679
Net book value
At 31st December 2003 13,169 32,054 811 313 5,010 51,357
At 1st January 2003 12,164 31,423 927 336 5,188 50,038
Company
Cost
At 1st January 2003 15,413 44,762 927 547 408 62,057
Additions 1,120 3,904 23
--
5,047
Disposals (138)
-
(100)
--
(238)
Transfers 2,659 (2,659)
----
At 31st December 2003 19,054 46,007 850 547 408 66,866
Accumulated depreciation
At 1st January 2003 6,714 12,073 758 211 260 20,016
Charge for the year 1,298 1,994 60 23 60 3,435
Disposals (73)
-
(100)
--
(173)
Transfers 1,293 (1,293)
----
At 31st December 2003 9,232 12,774 718 234 320 23,278
Net book value
At 31st December 2003 9,822 33,233 132 313 88 43,588
At 1st January 2003 8,699 32,689 169 336 148 42,041