Cathay Pacific 2008 Annual Report Download - page 70

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Notes to the Accounts STATEMENT OF FINANCIAL POSITION
16. Long-term liabilities
2008 2007
Note
Current
HK$M
Non-current
HK$M
Current
HK$M
Non-current
HK$M
Group
Long-term loans (a) 1,964 16,504 1,665 15,298
Obligations under finance leases (b) 2,291 19,521 2,213 17,192
4,255 36,025 3,878 32,490
Company
Long-term loans (a) 951 12,020 1,077 11,831
Obligations under finance leases (b) 3,564 23,158 3,366 19,974
4,515 35,178 4,443 31,805
(a) Long-term loans
Group Company
2008
HK$M
2007
HK$M
2008
HK$M
2007
HK$M
Bank loans
– secured 8,521 7,670 3,466 3,928
– unsecured 6,459 5,683 6,017 5,370
Other loans
– secured 121 220 121 220
– unsecured 3,367 3,390 3,367 3,390
18,468 16,963 12,971 12,908
Amount due within one year included
under current liabilities (1,964) (1,665) (951) (1,077)
16,504 15,298 12,020 11,831
Repayable as follows:
Bank loans
– within one year 1,894 1,573 881 985
– after one year but within two years 2,582 1,741 1,719 877
– after two years but within five years 7,498 7,253 5,601 5,709
– after five years 3,006 2,786 1,282 1,727
14,980 13,353 9,483 9,298
Other loans
– within one year 70 92 70 92
– after one year but within two years 1,263 74 1,263 74
– after two years but within five years 2,155 3,444 2,155 3,444
3,488 3,610 3,488 3,610
Amount due within one year included
under current liabilities (1,964) (1,665) (951) (1,077)
16,504 15,298 12,020 11,831
68 Cathay Pacific Airways Limited Annual Report 2008