Cathay Pacific 2007 Annual Report Download - page 28

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2003 2004 2005 2006 2007
Interest rate profile: borrowings
Fixed
Floating
Borrowings and capital
• Borrowings increased by 13.9% to HK$36,368
million compared with HK$31,943 million in 2006.
• Borrowings are mainly denominated in US dollars,
Hong Kong dollars, Singapore dollars and Euros, and
are fully repayable by 2022 with 35% at fixed rates
of interest net of derivatives.
• Liquid funds, 57% of which are denominated in US
dollars, increased by 38.6% to HK$21,649 million.
• Net borrowings decreased by 9.9% to
HK$14,731 million.
• Funds attributable to Cathay Pacific shareholders
increased by 11.4% to HK$50,549 million.
• Net debt/equity ratio decreased from 0.36 times to
0.29 times.
Financial Review
Cathay Pacific Airways Limited Annual Report 2007
26