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Company 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 49,693 48,374 45,637 6,371 6,202 5,851
Intangible assets 11 182 116 116 23 15 15
Investments in subsidiaries 12 19,651 21,165 24,909 2,519 2,713 3,193
Investments in associates 13 7,602 7,625 7,186 975 978 921
Other long-term receivables and investments 14 3,524 3,169 3,164 452 406 406
80,652 80,449 81,012 10,340 10,314 10,386
Long-term liabilities (34,860) (37,099) (34,289) (4,469) (4,756) (4,396)
Related pledged security deposits 923 1,921 2,484 118 246 318
Net long-term liabilities 15 (33,937) (35,178) (31,805) (4,351) (4,510) (4,078)
Other long-term payables 16 (963) (4,601) (1,388) (123) (590) (178)
Deferred taxation 18 (4,141) (3,689) (5,310) (531) (473) (680)
(39,041) (43,468) (38,503) (5,005) (5,573) (4,936)
Net non-current assets 41,611 36,981 42,509 5,335 4,741 5,450
Current assets and liabilities
Stock 829 841 790 106 108 101
Trade and other receivables 19 6,209 8,427 7,688 796 1,080 986
Liquid funds 20 11,120 7,566 7,622 1,426 970 977
18,158 16,834 16,100 2,328 2,158 2,064
Current portion of long-term liabilities (9,052) (4,526) (4,460) (1,160) (580) (572)
Related pledged security deposits 728 11 17 93 1 2
Net current portion of long-term liabilities 15 (8,324) (4,515) (4,443) (1,067) (579) (570)
Trade and other payables 21 (10,553) (15,259) (10,011) (1,353) (1,956) (1,283)
Unearned transportation revenue (7,666) (8,167) (8,376) (983) (1,047) (1,074)
Taxation (675) (1,832) (2,084) (87) (235) (267)
(27,218) (29,773) (24,914) (3,490) (3,817) (3,194)
Net current liabilities (9,060) (12,939) (8,814) (1,162) (1,659) (1,130)
Net assets 32,551 24,042 33,695 4,173 3,082 4,320
CAPITAL AND RESERVES
Share capital 22 787 787 788 101 101 101
Reserves 23 31,764 23,255 32,907 4,072 2,981 4,219
Total equity 32,551 24,042 33,695 4,173 3,082 4,320
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
Cathay Paciļ¬c Airways Limited Annual Report 2009 55