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62 Cathay Pacific Airways Limited Annual Report 2005
11. Associates
Group Company
2005 2004 2005 2004
HK$M HK$M HK$M HK$M
Hong Kong listed shares at cost (Market value:
HK$2,716 million, 2004: HK$1,913 million) – – 52 52
Unlisted shares at cost – – 17 26
Share of net assets
– listed in Hong Kong 975 863 – –
– unlisted 755 773 – –
1,730 1,636 69 78
Less: Impairment loss – – (9) (17)
Loans to associates 1 107 – –
1,731 1,743 60 61
Share of profits of associates
– listed 170 120 – –
– unlisted 99 178 – –
269 298 – –
Dividends received and receivable from associates 170 122 63 97
2005 2004
HK$M HK$M
Summarised financial information of associates:
Assets 16,615 16,413
Liabilities (8,913) (9,213)
Equity 7,702 7,200
Turnover 14,092 11,710
Profit for the year 1,101 1,230
Principal associates are listed on page 85.
Notes to the Accounts Balance Sheet