Cathay Pacific 2008 Annual Report Download - page 76
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Notes to the Accounts STATEMENT OF FINANCIAL POSITION
19. Trade and other receivables
Group Company
2008
HK$M
2007
HK$M
2008
HK$M
2007
HK$M
Trade debtors 4,640 4,938 4,098 4,150
Derivative financial assets 3,828 2,666 3,688 2,653
Other receivables and prepayments 3,494 3,709 1,977 2,431
Due from associates 48 63 10 15
12,010 11,376 9,773 9,249
As at 31st December 2008, derivative financial assets of the Group and the Company accounted for as held for trading
amounted to HK$3,300 million (2007: HK$1,064 million) and HK$3,195 million (2007: HK$1,056 million) respectively.
Group Company
2008
HK$M
2007
HK$M
2008
HK$M
2007
HK$M
Analysis of trade debtors by age:
Current 4,558 4,841 4,050 4,098
One to three months overdue 69 95 36 52
More than three months overdue 13 212 –
4,640 4,938 4,098 4,150
The movement in the provision for bad debt included in trade debtors during the year was as follows:
Group Company
2008
HK$M
2007
HK$M
2008
HK$M
2007
HK$M
At 1st January 169 144 133 123
Amounts written back (2) (2) ––
Impairment loss recognised 227 210
At 31st December 169 169 135 133
74 Cathay Pacific Airways Limited Annual Report 2008