Cathay Pacific 2004 Annual Report Download - page 46

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170205
Cathay Pacific
(client)
JO: 11815(N)
2P*210205
10 Con Change in equity
P.42
42 Cathay Pacific Airways Limited 2004 Annual Report
Consolidated Statement of Changes in Equity
42 Cathay Pacific Airways Limited 2004 Annual Report
for the year ended 31st December 2004 Non-distributable
Capital Investment Cash flow
Share Retained Share redemption revaluation hedge Other
capital profit premium reserve reserve reserve reserves Total
HK$M HK$M HK$M HK$M HK$M HK$M HK$M HK$M
At 1st January 2004 669 23,518 7,261 21 354 (770) (1) 31,052
Prior year adjustment on Asia Miles – (250) – – – – – (250)
As restated 669 23,268 7,261 21 354 (770) (1) 30,802
Exchange differences on cash flow hedges
– recognised during the year – – – – – (966) – (966)
– deferred tax recognised – – – – – 68 – 68
– transferred to profit for the year – – – – – 383 – 383
Revaluation surplus recognised
during the year – – – – 139 – – 139
Exchange differences – – – – – – 15 15
Net loss not recognised in the
profit and loss account – – – – 139 (515) 15 (361)
Profit attributable to shareholders – 4,417 – – – – – 4,417
2003 final dividends – (1,515) – – – – – (1,515)
2004 interim dividend – (674) – – – – – (674)
Capital reserve written back on disposal
of an associate – – – – – – (13) (13)
Share options exercised
– premium received – – 194 – – – – 194
– share capital issued 5 – – – – – – 5
At 31st December 2004 674 25,496 7,455 21 493 (1,285) 1 32,855
At 1st January 2003 667 23,250 7,207 21 412 559 (1) 32,115
Exchange differences
on cash flow hedges
– recognised during the year – – – – – (1,330) – (1,330)
– deferred tax recognised – – – – – 90 – 90
– transferred to profit for the year – – – – – (89) – (89)
Revaluation deficit recognised
during the year – – – – (58) – – (58)
Net loss not recognised in the
profit and loss account – – – – (58) (1,329) – (1,387)
Profit attributable to shareholders – 1,303 – – – – – 1,303
2002 final dividend – (935) – – – – – (935)
2003 interim dividend – (100) – – – – – (100)
Share options exercised
– premium received – – 54 – – – – 54
– share capital issued 2 – – – – – – 2
At 31st December 2003 669 23,518 7,261 21 354 (770) (1) 31,052
The notes on pages 44 to 65 form part of these accounts.