Cathay Pacific 2007 Annual Report Download - page 85

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Notes to the Accounts
Supplementary Information
28. Financial risk management (continued)
2006
USD
HK$M
EUR
HK$M
TWD
HK$M
SGD
HK$M
RMB
HK$M
JPY
HK$M
Group
Trade and other receivables 3,749 516 339 38 301 307
Liquid funds 12,672 150 35 208 906 77
Long-term loans (5,470) (623) – (3,170) – –
Obligations under finance leases (14,766) (2,027) – – – (337)
Trade and other payables (4,004) (257) (82) (61) (97) (232)
Currency derivatives at
notional value 10,661 (1,318) (2,692) 980 (1,026) (1,225)
Net balance sheet exposure 2,842 (3,559) (2,400) (2,005) 84 (1,410)
2007
USD
HK$M
EUR
HK$M
TWD
HK$M
SGD
HK$M
RMB
HK$M
JPY
HK$M
Company
Trade and other receivables 5,518 626 256 29 224 351
Liquid funds 755 600 31 657 771 113
Long-term loans (4,397) (220) – (3,390) – –
Obligations under finance leases (18,566) (4,086) – – – (530)
Trade and other payables (4,612) (234) (49) (65) (67) (136)
Currency derivatives at
notional value 8,367 (345) (1,778) 1,101 (2,179) (929)
Net balance sheet exposure (12,935) (3,659) (1,540) (1,668) (1,251) (1,131)
2006
USD
HK$M
EUR
HK$M
TWD
HK$M
SGD
HK$M
RMB
HK$M
JPY
HK$M
Company
Trade and other receivables 2,875 469 249 38 150 292
Liquid funds 3,400 57 22 208 359 57
Long-term loans (3,482) (273) – (3,170) – –
Obligations under finance leases (16,257) (3,134) – – – (820)
Trade and other payables (2,895) (181) (59) (60) (55) (137)
Currency derivatives at
notional value 9,522 (1,318) (2,648) 980 (1,026) (1,225)
Net balance sheet exposure (6,837) (4,380) (2,436) (2,004) (572) (1,833)
In addition to balance sheet exposure, the Group is exposed to a currency risk on its net operating exposure
in foreign currencies primarily Euros, Japanese yen, New Taiwan dollars and Renminbi.
Cathay Pacific Airways Limited Annual Report 2007 83