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69
Cathay Pacific Airways Limited Annual Report 2006
Notes to the Accounts
13. Long-term liabilities (continued)
(a) Long-term loans
Group Company
2006
HK$M
2005
HK$M
2006
HK$M
2005
HK$M
Bank loans
– secured 7,290 3,416 3,482 2,255
– unsecured 3,726 1,423 3,625 1,423
Other loans
– secured 273 309 273 309
– unsecured 3,170 1,115 3,170 1,049
14,459 6,263 10,550 5,036
Amount due within one year included
under current liabilities (3,603) (1,652) (3,099) (1,388)
10,856 4,611 7,451 3,648
Repayable as follows:
Bank loans
– within one year 3,526 1,556 3,022 1,324
– after one year but within two years 1,407 299 887 205
– after two years but within five years 3,069 1,561 1,496 1,135
– after five years 3,014 1,423 1,702 1,014
11,016 4,839 7,107 3,678
Other loans
– within one year 77 96 77 64
– after one year but within two years 82 69 82 69
– after two years but within five years 3,284 1,259 3,284 1,225
3,443 1,424 3,443 1,358
Amount due within one year included
under current liabilities (3,603) (1,652) (3,099) (1,388)
10,856 4,611 7,451 3,648
Borrowings other than bank loans are repayable on various dates up to 2011 at interest rates between 3.06%
and 4.24% 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$6,382 million and HK$3,482 million respectively (2005: HK$2,707 million and HK$2,040 million).
As at 31st December 2006, the Group and the Company had long-term liabilities which were defeased by
funds and other investments totalling HK$20,631 million and HK$16,561 million respectively (2005: HK$19,873
million and HK$19,873 million). Accordingly, these liabilities and the related funds, as well as related
expenditure and income, have been netted off in the accounts.
Balance Sheet