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Cathay Pacific Airways Limited Annual Report 2006
52
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 842,115 41,680 5,399 5,343
Intangible assets 983 83 11 11
Investments in subsidiaries 10 20,290 11,360 2,601 1,456
Investments in associates 11 6,972 60 894 8
Other long-term receivables and investments 12 1,500 3,792 192 486
70,960 56,975 9,097 7,304
Long-term liabilities (27,850) (25,503) (3,570) (3,269)
Related pledged security deposits 2,412 3,200 309 410
Net long-term liabilities 13 (25,438) (22,303) (3,261) (2,859)
Retirement benefit obligations 14 (203) (127) (26) (16)
Deferred taxation 15 (5,085) (6,234) (652) (799)
(30,726) (28,664) (3,939) (3,674)
Net non-current assets 40,234 28,311 5,158 3,630
Current assets and liabilities
Stock 708 643 90 82
Trade and other receivables 16 6,400 6,166 821 790
Liquid funds 17 4,639 4,887 595 627
11,747 11,696 1,506 1,499
Current portion of long-term liabilities (6,640) (4,807) (851) (616)
Related pledged security deposits 962 400 123 51
Net current portion of long-term liabilities 13 (5,678) (4,407) (728) (565)
Trade and other payables 18 (8,872) (7,565) (1,137) (971)
Unearned transportation revenue (4,315) (3,864) (553) (495)
Taxation (2,634) (2,484) (338) (318)
(21,499) (18,320) (2,756) (2,349)
Net current liabilities (9,752) (6,624) (1,250) (850)
Net assets 30,482 21,687 3,908 2,780
CAPITAL AND RESERVES
Share capital 19 787 676 101 87
Reserves 20 29,695 21,011 3,807 2,693
Total equity 30,482 21,687 3,908 2,780
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
Company Balance Sheet