Cathay Pacific 2009 Annual Report Download - page 72

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15. Long-term liabilities (continued)
(a) Long-term loans
Group Company
2009
HK$M
2008
HK$M
2009
HK$M
2008
HK$M
Bank loans
– secured 8,831 8,521 4,709 3,466
– unsecured 6,958 6,459 6,623 6,017
Other loans
– secured 52 121 52 121
– unsecured 3,458 3,367 3,458 3,367
19,299 18,468 14,842 12,971
Amount due within one year included under
current liabilities (4,140) (1,964) (3,278) (951)
15,159 16,504 11,564 12,020
Repayable as follows:
Bank loans
– within one year 2,843 1,894 1,981 881
– after one year but within two years 3,224 2,582 2,495 1,719
– after two years but within five years 7,285 7,498 5,616 5,601
– after five years 2,437 3,006 1,240 1,282
15,789 14,980 11,332 9,483
Other loans
– within one year 1,297 70 1,297 70
– after one year but within two years 2,213 1,263 2,213 1,263
– after two years but within five years –2,155 –2,155
3,510 3,488 3,510 3,488
Amount due within one year included under current
liabilities (4,140) (1,964) (3,278) (951)
15,159 16,504 11,564 12,020
Borrowings other than bank loans are repayable on various dates up to 2011 at interest rates between 1.17% and
3.82% per annum while bank loans are repayable up to 2020.
Long-term loans and other liabilities of the Group and the Company not wholly repayable within five years
amounted to HK$6,668 million and HK$3,846 million respectively (2008: HK$7,698 million and HK$3,452 million).
As at 31st December 2009, the Group and the Company had long-term loans which were defeased by funds and
other investments totalling HK$22,290 million and HK$19,226 million respectively (2008: HK$21,374 million and
HK$17,942 million). Accordingly, these liabilities and the related funds, as well as related expenditure and income,
have been netted off in the accounts.
Notes to the Accounts STATEMENT OF FINANCIAL POSITION
70