Cathay Pacific 2007 Annual Report Download - page 74

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Notes to the Accounts
Balance Sheet
18. Liquid funds
Group Company
2007
HK$M
2006
HK$M
2007
HK$M
2006
HK$M
Short-term deposits and bank balances 6,785 5,796 4,827 3,834
Short-term deposits maturing beyond three months
when placed 2,574 71 1,636 45
Funds with investment managers
– debt securities listed outside Hong Kong 9,351 7,200 ––
– bank deposits 499 490 ––
Other liquid investments
– debt securities listed outside Hong Kong 62 58 ––
– bank deposits 2,378 2,009 1,159 760
21,649 15,624 7,622 4,639
Included in other liquid investments are bank deposits of HK$1,876 million (2006: HK$1,829 million) and debt
securities of HK$62 million (2006: HK$58 million) which are pledged as part of long-term financing arrangements.
The arrangements provide that these deposits and debt securities must be maintained at specified levels for the
duration of the financing.
19. Trade and other payables
Group Company
2007
HK$M
2006
(restated)
HK$M
2007
HK$M
2006
HK$M
Trade creditors 5,546 4,518 4,064 2,949
Derivative financial liabilities 2,103 756 1,971 682
Other payables 6,783 5,426 5,912 4,995
Due to associates 197 160 105 118
Due to other related companies 146 110 146 109
Bank overdrafts – unsecured 12 29 10 19
14,787 10,999 12,208 8,872
As at 31st December 2007, derivative financial liabilities of the Group and the Company accounted for as held for trading
amounted to HK$1,246 million (2006: HK$371 million) and HK$1,239 million (2006: HK$310 million) respectively.
Group Company
2007
HK$M
2006
(restated)
HK$M
2007
HK$M
2006
HK$M
Analysis of trade creditors by age:
Current 3,918 3,129 3,250 2,316
One to three months overdue 961 939 672 525
More than three months overdue 667 450 142 108
5,546 4,518 4,064 2,949
Cathay Pacific Airways Limited Annual Report 2007
72