Cathay Pacific 2004 Annual Report Download - page 43

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Consolidated Balance Sheet
Cathay Pacific Airways Limited 2004 Annual Report 39
at 31st December 2004
2004 2003 2004 2003
Note
HK$M HK$M US$M US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets
9
51,808 51,357 6,642 6,584
Intangible assets
10
348 405 45 52
Investments in associated companies
12
1,743 1,661 223 213
Other long-term receivables and investments
13
4,076 1,263 523 162
57,975 54,686 7,433 7,011
Long-term liabilities (27,698) (33,022) (3,551) (4,234)
Related pledged security deposits 10,036 11,604 1,287 1,488
Net long-term liabilities
14
(17,662) (21,418) (2,264) (2,746)
Retirement benefit obligations
15
(102) (181) (13) (23)
Deferred taxation
16
(7,280) (7,762) (934) (995)
(25,044) (29,361) (3,211) (3,764)
Net non-current assets 32,931 25,325 4,222 3,247
Current assets and liabilities
Stock 524 398 67 51
Trade and other receivables
17
5,311 4,753 681 609
Liquid funds
18
11,474 15,200 1,471 1,949
17,309 20,351 2,219 2,609
Current portion of long-term liabilities (7,096) (6,754) (910) (866)
Related pledged security deposits 2,127 1,875 273 240
Net current portion of long-term liabilities
14
(4,969) (4,879) (637) (626)
Trade and other payables
19
(7,163) (5,543) (919) (711)
Unearned transportation revenue (3,622) (2,839) (464) (364)
Taxation (1,497) (1,259) (192) (161)
(17,251) (14,520) (2,212) (1,862)
Net current assets 58 5,831 7747
Total assets less current and non-current liabilities 32,989 31,156 4,229 3,994
Minority interests (134) (104) (17) (13)
Net assets 32,855 31,052 4,212 3,981
CAPITAL AND RESERVES
Share capital
20
674 669 86 86
Reserves
21
32,181 30,383 4,126 3,895
Shareholders’ funds 32,855 31,052 4,212 3,981
The US$ figures are for information only and are translated at HK$7.8.
The notes on pages 44 to 65 form part of these accounts.
David Turnbull Henry Fan
Director Director
Hong Kong, 9th March 2005