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55Cathay Pacific Airways Limited Annual Report 2003
Notes to the Accounts – Balance Sheet
17. TRADE AND OTHER RECEIVABLES
Group Company
2003 2002 2003 2002
HK$M HK$M HK$M HK$M
Trade debtors 2,860 2,413 2,728 2,267
Other receivables and prepayments 1,879 1,867 1,804 1,774
Due from associated companies 10 11
--
Due from other related companies 43
-
1
4,753 4,294 4,532 4,042
Group Company
2003 2002 2003 2002
HK$M HK$M HK$M HK$M
Analysis of trade debtors by age:
Current 2,736 2,257 2,627 2,145
One to three months overdue 64 96 45 67
More than three months overdue 60 60 56 55
2,860 2,413 2,728 2,267
The Group normally grants a credit term of 30 days to customers or follows the local industry standard with
the debt in certain circumstances being partially protected by bank guarantee or other monetary collateral.
18.LIQUID FUNDS
Group Company
2003 2002 2003 2002
HK$M HK$M HK$M HK$M
Short-term deposits and bank balances 5,663 3,438 5,257 2,821
Short-term deposits maturing beyond three months
when placed 482 57 472 57
Funds with investment managers
-
debt securities listed outside Hong Kong 6,665 6,562
--
-
bank deposits 275 931
--
Other liquid investments
-
debt securities listed outside Hong Kong 256 123 202
-
-
bank deposits 1,859 2,069 545 609
15,200 13,180 6,476 3,487
Included in other liquid investments are short-term bank deposits of HK$1,859 million (2002: HK$2,069
million) and debt securities of HK$256 million (2002: HK$53 million) which are pledged as part of long-term
financing arrangements. The arrangements provide that these deposits and debt securities must be
maintained at specified levels for the duration of the financing.