Cathay Pacific 2008 Annual Report Download - page 88

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Notes to the Accounts SUPPLEMENTARY INFORMATION
31. Financial risk management (continued)
(b) Liquidity risk
The Group’s policy is to monitor liquidity and compliance with lending covenants, so as to ensure sufficient
liquid funds and adequate funding lines from financial institutions are available to meet liquidity requirements in
both the short and long term. The undiscounted payment profile of financial liabilities is outlined as follows:
2008
Within
one year
HK$M
After one
year but
within
two years
HK$M
After two
years but
within
five years
HK$M
After five
years
HK$M
Total
HK$M
Group
Bank and other loans (2,491) (4,262) (10,474) (3,277) (20,504)
Obligations under finance leases (3,170) (5,067) (12,953) (14,443) (35,633)
Trade and other payables (12,282) – – – (12,282)
Derivative financial liabilities (7,205) (2,557) (513) (31) (10,306)
Total (25,148) (11,886) (23,940) (17,751) (78,725)
2007
Within
one year
HK$M
After one
year but
within
two years
HK$M
After two
years but
within
five years
HK$M
After five
years
HK$M
Total
HK$M
Group
Bank and other loans (2,404) (2,369) (11,847) (3,121) (19,741)
Obligations under finance leases (3,848) (3,003) (12,689) (15,845) (35,385)
Trade and other payables (12,684) – – – (12,684)
Derivative financial liabilities (1,663) (124) (161) (32) (1,980)
Total (20,599) (5,496) (24,697) (18,998) (69,790)
2008
Within
one year
HK$M
After one
year but
within
two years
HK$M
After two
years but
within
five years
HK$M
After five
years
HK$M
Total
HK$M
Company
Bank and other loans (1,340) (3,285) (8,297) (1,411) (14,333)
Obligations under finance leases (4,087) (5,911) (10,413) (16,158) (36,569)
Trade and other payables (9,922) – – – (9,922)
Derivative financial liabilities (7,196) (2,541) (482) (11) (10,230)
Total (22,545) (11,737) (19,192) (17,580) (71,054)
86 Cathay Pacific Airways Limited Annual Report 2008