Cathay Pacific 2005 Annual Report Download - page 54

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52 Cathay Pacific Airways Limited Annual Report 2005
for the year ended 31st December 2005
Non-distributable
Investment Cash flow Capital
Share Retained Share revaluation hedge redemption Total
capital profit premium reserve reserve reserve equity
HK$M HK$M HK$M HK$M HK$M HK$M HK$M
At 31st December 2004 674 13,123 7,455 469 (1,421) 21 20,321
Prior year adjustment for
financial derivatives – (106) – – – – (106)
At 1st January 2005 674 13,017 7,455 469 (1,421) 21 20,215
Changes in cash flow hedges
– recognised during the year – – – – 1,210 – 1,210
– deferred tax recognised – – – – (165) – (165)
– transferred to profit for the year – – – – 441 – 441
Revaluation deficit recognised
during the year – – – (267) – – (267)
Net (loss)/gain recognised
directly in equity – – – (267) 1,486 – 1,219
Profit for the year – 2,371 – – – – 2,371
Total recognised profit/(loss)
for the year – 2,371 – (267) 1,486 – 3,590
2004 final dividend – (1,520) – – – – (1,520)
2005 interim dividend – (676) – – – – (676)
Share options exercised 2 – 76 – – – 78
Total transactions
with shareholders 2 (2,196) 76 – – – (2,118)
At 31st December 2005 676 13,192 7,531 202 65 21 21,687
The notes on pages 54 to 85 form part of these accounts.
Company Statement of Changes in Equity