Cathay Pacific 2008 Annual Report Download - page 53

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Consolidated Statement of
Financial Position
at 31st December 2008
Note
2008
HK$M
2007
HK$M
2008
US$M
2007
US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets 11 66,039 62,388 8,466 7,999
Intangible assets 12 7,782 7,782 998 997
Investments in associates 14 9,773 10,054 1,253 1,289
Other long-term receivables and investments 15 3,087 3,519 396 451
86,681 83,743 11,113 10,736
Long-term liabilities (43,221) (40,323) (5,541) (5,169)
Related pledged security deposits 7,196 7,833 922 1,004
Net long-term liabilities 16 (36,025) (32,490) (4,619) (4,165)
Retirement benefit obligations 17 (281) (268) (36) (35)
Deferred taxation 18 (4,977) (6,771) (638) (868)
(41,283) (39,529) (5,293) (5,068)
Net non-current assets 45,398 44,214 5,820 5,668
Current assets and liabilities
Stock 960 882 123 113
Trade and other receivables 19 12,010 11,376 1,540 1,458
Liquid funds 20 15,088 21,649 1,934 2,776
28,058 33,907 3,597 4,347
Current portion of long-term liabilities (4,556) (4,788) (584) (614)
Related pledged security deposits 301 910 39 117
Net current portion of long-term liabilities 16 (4,255) (3,878) (545) (497)
Trade and other payables 21 (22,749) (14,787) (2,916) (1,896)
Unearned transportation revenue (5,878) (6,254) (754) (802)
Taxation (2,129) (2,475) (273) (317)
(35,011) (27,394) (4,488) (3,512)
Net current (liabilities)/assets (6,953) 6,513 (891) 835
Net assets 38,445 50,727 4,929 6,503
CAPITAL AND RESERVES
Share capital 22 787 788 101 101
Reserves 23 37,538 49,761 4,813 6,379
Funds attributable to owners of Cathay Pacific 38,325 50,549 4,914 6,480
Minority interests 120 178 15 23
Total equity 38,445 50,727 4,929 6,503
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 56 to 93 form part of these accounts.
Christopher Pratt Henry Fan
Director Director
Hong Kong, 11th March 2009
Cathay Pacific Airways Limited Annual Report 2008 51