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58 Cathay Pacific Airways Limited Annual Report 2005
8. Fixed assets
Aircraft and Other
related equipment equipment Buildings
Owned Leased Owned Leased Owned Total
HK$M HK$M HK$M HK$M HK$M HK$M
Group
Cost
At 1st January 2005 29,557 43,181 2,304 547 4,522 80,111
Exchange differences 3 – 2 – 2 7
Additions 3,448 435 118 – – 4,001
Disposals (244) – (95) – (2) (341)
Transfers 2,506 (2,506) – – – –
At 31st December 2005 35,270 41,110 2,329 547 4,522 83,778
At 31st December 2003 24,760 44,109 2,328 547 6,292 78,036
Reclassification of leasehold land – – – – (1,767) (1,767)
At 1st January 2004 24,760 44,109 2,328 547 4,525 76,269
Exchange differences 2 – 3 – 5 10
Additions 3,798 446 84 – 1 4,329
Disposals (377) – (111) – (9) (497)
Transfers 1,374 (1,374) – – – –
At 31st December 2004 29,557 43,181 2,304 547 4,522 80,111
Accumulated depreciation
At 1st January 2005 13,833 12,942 1,556 258 1,263 29,852
Exchange differences – – 1 – 1 2
Charge for the year 1,805 1,830 144 23 161 3,963
Disposals (99) – (94) – (2) (195)
Transfers 2,286 (2,286) – – – –
At 31st December 2005 17,825 12,486 1,607 281 1,423 33,622
At 31st December 2003 11,591 12,055 1,517 234 1,282 26,679
Reclassification of leasehold land – – – – (181) (181)
At 1st January 2004 11,591 12,055 1,517 234 1,101 26,498
Exchange differences – – 2 – 2 4
Charge for the year 1,600 1,831 147 24 162 3,764
Disposals (302) – (110) – (2) (414)
Transfers 944 (944) – – – –
At 31st December 2004 13,833 12,942 1,556 258 1,263 29,852
Net book value
At 31st December 2005 17,445 28,624 722 266 3,099 50,156
At 31st December 2004 15,724 30,239 748 289 3,259 50,259
Notes to the Accounts Balance Sheet