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Cathay Pacific Airways Limited Annual Report 2006
62
8. Fixed assets
Aircraft and
related equipment Other equipment Buildings
Owned
HK$M
Leased
HK$M
Owned
HK$M
Leased
HK$M
Owned
HK$M
Total
HK$M
Group
Cost
At 1st January 2006 35,270 41,110 2,329 547 4,522 83,778
Exchange differences (1) – – – – (1)
Additions 4,087 988 194 – 3 5,272
Purchase of a subsidiary 5,900 2,934 320 – 677 9,831
Disposals (304) – (156) – – (460)
Transfers 3,310 (3,310) – – – –
At 31st December 2006 48,262 41,722 2,687 547 5,202 98,420
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
Accumulated depreciation
At 1st January 2006 17,825 12,486 1,607 281 1,423 33,622
Charge for the year 2,162 1,742 157 24 170 4,255
Purchase of a subsidiary 1,401 1,000 126 – 275 2,802
Disposals (191) – (154) – – (345)
Transfers 1,727 (1,727) – – – –
At 31st December 2006 22,924 13,501 1,736 305 1,868 40,334
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
Net book value
At 31st December 2006 25,338 28,221 951 242 3,334 58,086
At 31st December 2005 17,445 28,624 722 266 3,099 50,156
Notes to the Accounts Balance Sheet