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50 Cathay Pacific Airways Limited Annual Report 2005
for the year ended 31st December 2005
Minority Total
Attributable to Cathay Pacific shareholders interests equity
Non-distributable
Capital
Investment Cash flow redemption
Share Retained Share revaluation hedge reserve
capital profit premium reserve reserve and others Total
HK$M HK$M HK$M HK$M HK$M HK$M HK$M HK$M HK$M
At 31st December 2004 674 25,496 7,455 493 (1,285) 22 32,855 134 32,989
Prior year adjustment for
financial derivatives – (106) – – – – (106) – (106)
At 1st January 2005 674 25,390 7,455 493 (1,285) 22 32,749 134 32,883
Changes in cash flow hedges
– recognised during the year – – – – 1,212 – 1,212 – 1,212
– deferred tax recognised – – – – (165) – (165) – (165)
– transferred to profit for
the year – – – – 268 – 268 – 268
Revaluation deficit recognised
during the year – – – (265) – – (265) – (265)
Exchange differences – – – – – (11) (11) – (11)
Net (loss)/gain recognised
directly in equity – – – (265) 1,315 (11) 1,039 – 1,039
Profit for the year – 3,298 – – – – 3,298 170 3,468
Total recognised profit/(loss)
for the year – 3,298 – (265) 1,315 (11) 4,337 170 4,507
2004 final dividend – (1,520) – – – – (1,520) – (1,520)
2005 interim dividend – (676) – – – – (676) – (676)
Dividends paid to
minority interests – – – – – – – (21) (21)
Share options exercised 2 – 76 – – – 78 – 78
Total transactions
with shareholders 2 (2,196) 76 – – – (2,118) (21) (2,139)
At 31st December 2005 676 26,492 7,531 228 30 11 34,968 283 35,251
The notes on pages 54 to 85 form part of these accounts.
Consolidated Statement of Changes in Equity