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64 Cathay Pacific Airways Limited Annual Report 2005
13. Long-term liabilities (continued)
(a) Long-term loans
Group Company
2005 2004 2005 2004
HK$M HK$M HK$M HK$M
Bank loans
– secured 3,416 2,328 2,255 673
– unsecured 1,423 894 1,423 894
Other loans
– secured 309 425 309 425
– unsecured 1,115 347 1,049 –
6,263 3,994 5,036 1,992
Amount due within one year included
under current liabilities (1,652) (1,229) (1,388) (478)
4,611 2,765 3,648 1,514
Repayable as follows:
Bank loans
– within one year 1,556 846 1,324 409
– after one year but within two years 299 1,376 205 1,137
– after two years but within five years 1,561 528 1,135 11
– after five years 1,423 472 1,014 10
4,839 3,222 3,678 1,567
Other loans
– within one year 96 383 64 69
– after one year but within two years 69 74 69 74
– after two years but within five years 1,259 266 1,225 233
– after five years – 49 – 49
1,424 772 1,358 425
Amount due within one year included
under current liabilities (1,652) (1,229) (1,388) (478)
4,611 2,765 3,648 1,514
Borrowings other than bank loans are repayable on various dates up to 2010 at interest rates between 0% and 7%
per annum while bank loans are repayable up to 2018.
Long-term loans and other liabilities of the Group and the Company not wholly repayable within five years
amounted to HK$2,707 million and HK$2,040 million respectively (2004: HK$999 million and HK$279 million).
As at 31st December 2005, the Group and the Company had long-term liabilities which were defeased by funds
and other investments totalling HK$19,873 million (2004: HK$23,234 million). Accordingly, these liabilities and
the related funds, as well as related expenditure and income, have been netted off in the accounts.
Notes to the Accounts Balance Sheet