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11. Fixed assets
Aircraft and
related equipment Other equipment Buildings
Owned
HK$M
Leased
HK$M
Owned
HK$M
Leased
HK$M
Owned
HK$M
Under
construction
HK$M
Total
HK$M
Group
Cost
At 1st January 2008 55,843 43,044 2,831 547 5,189 – 107,454
Exchange differences 2 – (3) – (4) – (5)
Additions 6,416 1,890 235 – 41 620 9,202
Disposals (2,968) – (281) – (122) – (3,371)
Transfers 2,847 (2,847) 69 (69) – – –
At 31st December 2008 62,140 42,087 2,851 478 5,104 620 113,280
At 1st January 2007 48,262 41,722 2,687 547 5,202 – 98,420
Exchange differences 4 – 10 – 16 – 30
Additions 7,835 1,666 252 – 2 – 9,755
Disposals (602) – (118) – (31) – (751)
Transfers 344 (344) – – – – –
At 31st December 2007 55,843 43,044 2,831 547 5,189 – 107,454
Accumulated depreciation
At 1st January 2008 27,102 13,771 1,838 329 2,026 – 45,066
Exchange differences – – (3) – (2) – (5)
Charge for the year 2,857 1,918 205 21 168 – 5,169
Disposals (2,686) – (225) – (78) – (2,989)
Transfers 2,122 (2,122) 41 (41) – – –
At 31st December 2008 29,395 13,567 1,856 309 2,114 – 47,241
At 1st January 2007 23,408 13,501 1,736 305 1,868 – 40,818
Exchange differences – – 8 – 9 – 17
Charge for the year 2,641 1,787 207 24 172 – 4,831
Disposals (464) – (113) – (23) – (600)
Transfers 1,517 (1,517) – – – – –
At 31st December 2007 27,102 13,771 1,838 329 2,026 – 45,066
Net book value
At 31st December 2008 32,745 28,520 995 169 2,990 620 66,039
At 31st December 2007 28,741 29,273 993 218 3,163 – 62,388
Notes to the Accounts STATEMENT OF FINANCIAL POSITION
Cathay Pacific Airways Limited Annual Report 2008
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