Cathay Pacific 2008 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2008 Cathay Pacific annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

Notes to the Accounts STATEMENT OF COMPREHENSIVE INCOME
5. Net finance charges
2008
HK$M
2007
HK$M
Net interest charges comprise:
– Obligations under finance leases stated at amortised cost 1,226 1,428
– Interest income on related security deposits, notes and bonds (502) (531)
724 897
– Bank loans and overdrafts 473 624
– Other loans wholly repayable within five years 111 120
1,308 1,641
Income from liquid funds:
– Funds with investment managers and other liquid investments (194) (611)
– Bank deposits and other receivables (284) (322)
(478) (933)
Fair value change:
– Obligations under finance leases designated as at fair value through
profit and loss 531 257
– Financial derivatives (349) (178)
182 79
1,012 787
Finance income and charges relating to defeasance arrangements have been netted off in the above figures.
Cathay Pacific Airways Limited Annual Report 2008 59