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51
Cathay Pacific Airways Limited Annual Report 2006
at 31st December 2006
Note
2006
HK$M
2005
HK$M
2006
US$M
2005
US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets 858,086 50,156 7,447 6,430
Intangible assets 97,473 260 958 33
Investments in associates 11 8,966 1,731 1,149 222
Other long-term receivables and investments 12 3,406 5,453 437 699
77,931 57,600 9,991 7,384
Long-term liabilities (33,956) (27,745) (4,353) (3,557)
Related pledged security deposits 8,164 8,853 1,047 1,135
Net long-term liabilities 13 (25,792) (18,892) (3,306) (2,422)
Retirement benefit obligations 14 (170) (72) (22) (9)
Deferred taxation 15 (6,600) (6,460) (846) (828)
(32,562) (25,424) (4,174) (3,259)
Net non-current assets 45,369 32,176 5,817 4,125
Current assets and liabilities
Stock 800 657 103 84
Trade and other receivables 16 8,735 6,538 1,120 838
Liquid funds 17 15,624 13,459 2,003 1,726
25,159 20,654 3,226 2,648
Current portion of long-term liabilities (7,503) (4,849) (962) (622)
Related pledged security deposits 1,352 1,286 173 165
Net current portion of long-term liabilities 13 (6,151) (3,563) (789) (457)
Trade and other payables 18 (11,098) (7,625) (1,423) (978)
Unearned transportation revenue (4,671) (3,864) (599) (495)
Taxation (2,902) (2,527) (372) (324)
(24,822) (17,579) (3,183) (2,254)
Net current assets 337 3,075 43 394
Net assets 45,706 35,251 5,860 4,519
CAPITAL AND RESERVES
Share capital 19 787 676 101 87
Reserves 20 44,767 34,292 5,739 4,396
Funds attributable to Cathay Pacific shareholders 45,554 34,968 5,840 4,483
Minority interests 152 283 20 36
Total equity 45,706 35,251 5,860 4,519
The accounts are prepared and presented in HK$, the functional currency. The US$ figures are shown only as supplementary
information and are translated at HK$7.8.
The notes on pages 58 to 89 form part of these accounts.
Christopher Pratt Henry Fan
Director Director
Hong Kong, 7th March 2007
Consolidated Balance Sheet