Cathay Pacific 2009 Annual Report Download - page 56

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Consolidated Statement of Financial Position
at 31st December 2009
Note
2009
HK$M
2008
(restated)
HK$M
2007
(restated)
HK$M
2009
US$M
2008
(restated)
US$M
2007
(restated)
US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets 10 65,495 66,039 62,388 8,397 8,466 7,999
Intangible assets 11 7,850 7,782 7,782 1,007 998 997
Investments in associates 13 9,042 9,581 9,896 1,159 1,228 1,269
Other long-term receivables and investments 14 5,307 4,949 5,119 680 635 656
87,694 88,351 85,185 11,243 11,327 10,921
Long-term liabilities (40,416) (43,221) (40,323) (5,182) (5,541) (5,169)
Related pledged security deposits 5,602 7,196 7,833 719 922 1,004
Net long-term liabilities 15 (34,814) (36,025) (32,490) (4,463) (4,619) (4,165)
Other long-term payables 16 (1,059) (4,606) (1,490) (136) (590) (191)
Deferred taxation 18 (5,255) (4,831) (6,621) (674) (619) (849)
(41,128) (45,462) (40,601) (5,273) (5,828) (5,205)
Net non-current assets 46,566 42,889 44,584 5,970 5,499 5,716
Current assets and liabilities
Stock 947 960 882 122 123 113
Trade and other receivables 19 8,161 10,647 9,817 1,046 1,365 1,258
Liquid funds 20 16,522 15,088 21,649 2,118 1,934 2,776
25,630 26,695 32,348 3,286 3,422 4,147
Current portion of long-term liabilities (9,023) (4,556) (4,788) (1,157) (584) (614)
Related pledged security deposits 1,195 301 910 153 39 117
Net current portion of long-term liabilities 15 (7,828) (4,255) (3,878) (1,004) (545) (497)
Trade and other payables 21 (12,965) (17,722) (12,538) (1,662) (2,272) (1,608)
Unearned transportation revenue (8,075) (8,649) (8,792) (1,035) (1,109) (1,127)
Taxation (943) (2,129) (2,475) (121) (273) (317)
(29,811) (32,755) (27,683) (3,822) (4,199) (3,549)
Net current (liabilities)/assets (4,181) (6,060) 4,665 (536) (777) 598
Net assets 42,385 36,829 49,249 5,434 4,722 6,314
CAPITAL AND RESERVES
Share capital 22 787 787 788 101 101 101
Reserves 23 41,451 35,922 48,283 5,314 4,606 6,190
Funds attributable to owners of Cathay Pacific 42,238 36,709 49,071 5,415 4,707 6,291
Minority interests 147 120 178 19 15 23
Total equity 42,385 36,829 49,249 5,434 4,722 6,314
The accounts are prepared and presented in HK$, the functional currency. The US$ figures are shown only as supplementary
information and are translated at HK$7.8.
The notes on pages 59 to 97 form part of these accounts.
Christopher Pratt Jack So
Director Director
Hong Kong, 10th March 2010
54