Cathay Pacific 2008 Annual Report Download - page 78

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Notes to the Accounts STATEMENT OF FINANCIAL POSITION
21. Trade and other payables
Group Company
2008
HK$M
2007
HK$M
2008
HK$M
2007
HK$M
Trade creditors 5,571 5,546 3,931 4,064
Derivative financial liabilities 10,467 2,103 10,422 1,971
Other payables 6,496 6,783 5,841 5,912
Due to associates 170 197 105 105
Due to other related companies 39 146 39 146
Bank overdrafts – unsecured 612 610
22,749 14,787 20,344 12,208
As at 31st December 2008, derivative financial liabilities of the Group and the Company accounted for as held
for trading amounted to HK$9,216 million (2007: HK$1,246 million) and HK$9,203 million (2007: HK$1,239
million) respectively.
Group Company
2008
HK$M
2007
HK$M
2008
HK$M
2007
HK$M
Analysis of trade creditors by age:
Current 5,321 5,270 3,759 3,841
One to three months overdue 240 266 164 217
More than three months overdue 10 10 86
5,571 5,546 3,931 4,064
Trade accruals are now grouped under current in the aging analysis and a total amount of HK$1,352 million and
HK$591 million have been reclassified in the 2007 comparatives for the Group and the Company respectively.
76 Cathay Pacific Airways Limited Annual Report 2008