Cathay Pacific 2007 Annual Report Download - page 50

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Company Balance Sheet
at 31st December 2007
Note
2007
HK$M
2006
HK$M
2007
US$M
2006
US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets 945,637 42,115 5,851 5,399
Intangible assets 10 116 83 15 11
Investments in subsidiaries 11 24,909 20,290 3,193 2,601
Investments in associates 12 7,186 6,972 921 894
Other long-term receivables and investments 13 1,567 1,500 201 192
79,415 70,960 10,181 9,097
Long-term liabilities (34,289) (27,850) (4,396) (3,570)
Related pledged security deposits 2,484 2,412 318 309
Net long-term liabilities 14 (31,805) (25,438) (4,078) (3,261)
Retirement benefit obligations 15 (287) (203) (36) (26)
Deferred taxation 16 (5,460) (5,085) (700) (652)
(37,552) (30,726) (4,814) (3,939)
Net non-current assets 41,863 40,234 5,367 5,158
Current assets and liabilities
Stock 790 708 101 90
Trade and other receivables 17 9,249 6,400 1,186 821
Liquid funds 18 7,622 4,639 977 595
17,661 11,747 2,264 1,506
Current portion of long-term liabilities (4,460) (6,640) (572) (851)
Related pledged security deposits 17 962 2123
Net current portion of long-term liabilities 14 (4,443) (5,678) (570) (728)
Trade and other payables 19 (12,208) (8,872) (1,565) (1,137)
Unearned transportation revenue (5,838) (4,315) (748) (553)
Taxation (2,084) (2,634) (267) (338)
(24,573) (21,499) (3,150) (2,756)
Net current liabilities (6,912) (9,752) (886) (1,250)
Net assets 34,951 30,482 4,481 3,908
CAPITAL AND RESERVES
Share capital 20 788 787 101 101
Reserves 21 34,163 29,695 4,380 3,807
Total equity 34,951 30,482 4,481 3,908
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
48