Cathay Pacific 2004 Annual Report Download - page 47

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for the year ended 31st December 2004 Non-distributable
Capital Investment Cash flow
Share Retained Share redemption revaluation hedge
capital profit premium reserve reserve reserve Total
HK$M HK$M HK$M HK$M HK$M HK$M HK$M
At 1st January 2004 669 11,781 7,261 21 349 (813) 19,268
Prior year adjustment on Asia Miles – (250) – – – – (250)
As restated 669 11,531 7,261 21 349 (813) 19,018
Exchange differences on cash flow hedges
– recognised during the year – – – – – (1,058) (1,058)
– deferred tax recognised – – – – – 68 68
– transferred to profit for the year – – – – – 382 382
Revaluation surplus recognised
during the year – – – – 120 – 120
Net loss not recognised in the
profit and loss account – – – – 120 (608) (488)
Profit for the year – 3,781 – – – – 3,781
2003 final dividends – (1,515) – – – – (1,515)
2004 interim dividend – (674) – – – – (674)
Share options exercised
– premium received – – 194 – – – 194
– share capital issued 5 – – – – – 5
At 31st December 2004 674 13,123 7,455 21 469 (1,421) 20,321
At 1st January 2003 667 11,998 7,207 21 430 697 21,020
Exchange differences on
cash flow hedges
– recognised during the year – – – – – (1,504) (1,504)
– deferred tax recognised – – – – – 90 90
– transferred to profit for the year – – – – – (96 ) (96)
Revaluation deficit recognised
during the year – – – – (81) – (81)
Net loss not recognised in the
profit and loss account – – – – (81) (1,510) (1,591 )
Profit for the year – 818 – – – – 818
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 11,781 7,261 21 349 (813) 19,268
The notes on pages 44 to 65 form part of these accounts.
Company Statement of Changes in Equity
Cathay Pacific Airways Limited 2004 Annual Report 43