Cathay Pacific 2007 Annual Report Download - page 49

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Consolidated Balance Sheet
at 31st December 2007
Note
2007
HK$M
2006
(restated)
HK$M
2007
US$M
2006
(restated)
US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets 962,388 57,602 7,999 7,385
Intangible assets 10 7,782 7,749 997 993
Investments in associates 12 10,054 8,826 1,289 1,131
Other long-term receivables and investments 13 3,519 3,406 451 437
83,743 77,583 10,736 9,946
Long-term liabilities (40,323) (33,956) (5,169) (4,353)
Related pledged security deposits 7,833 8,164 1,004 1,047
Net long-term liabilities 14 (32,490) (25,792) (4,165) (3,306)
Retirement benefit obligations 15 (268) (170) (35) (22)
Deferred taxation 16 (6,771) (6,508) (868) (834)
(39,529) (32,470) (5,068) (4,162)
Net non-current assets 44,214 45,113 5,668 5,784
Current assets and liabilities
Stock 882 789 113 101
Trade and other receivables 17 11,376 8,735 1,458 1,120
Liquid funds 18 21,649 15,624 2,776 2,003
33,907 25,148 4,347 3,224
Current portion of long-term liabilities (4,788) (7,503) (614) (962)
Related pledged security deposits 910 1,352 117 173
Net current portion of long-term liabilities 14 (3,878) (6,151) (497) (789)
Trade and other payables 19 (14,787) (10,999) (1,896) (1,410)
Unearned transportation revenue (6,254) (4,671) (802) (599)
Taxation (2,475) (2,902) (317) (372)
(27,394) (24,723) (3,512) (3,170)
Net current assets 6,513 425 835 54
Net assets 50,727 45,538 6,503 5,838
CAPITAL AND RESERVES
Share capital 20 788 787 101 101
Reserves 21 49,761 44,599 6,379 5,717
Funds attributable to Cathay Pacific shareholders 50,549 45,386 6,480 5,818
Minority interests 178 152 23 20
Total equity 50,727 45,538 6,503 5,838
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 54 to 89 form part of these accounts.
Christopher Pratt Henry Fan
Director Director
Hong Kong, 5th March 2008
Cathay Pacific Airways Limited Annual Report 2007 47