Cathay Pacific 2009 Annual Report Download - page 82

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24. Reconciliation of operating profit/(loss) to cash generated from operations
2009
HK$M
2008
(restated)
HK$M
Operating profit/(loss) 5,733 (8,029)
Depreciation 5,652 5,169
Amortisation of intangible assets 32 26
Loss on disposal of fixed assets and intangible assets 32 245
Profit on disposal of interest in an associate (1,254) –
Currency adjustments and other items not involving cash flows 525 223
Decrease/(increase) in stock 13 (82)
Decrease/(increase) in trade debtors, other receivables and prepayments and long-
term portion of derivative financial assets 2,422 (732)
Increase/(decrease) in net amounts due to related companies and associates 94 (119)
(Decrease)/increase in trade creditors, other payables and long-term portion of
derivative financial liabilities (8,303) 8,045
Decrease in unearned transportation revenue (574) (143)
Non-operating movements in debtors and creditors 118 (721)
Cash generated from operations 4,490 3,882
25. Disposal of a subsidiary
2009
HK$M
2008
HK$M
Net assets disposed of:
Fixed assets –61
Trade and other receivables –70
Trade and other payables –(63)
Others –8
Total net assets –76
Transfer to investment in associates –(23)
Reversal of minority interests –(24)
Exchange differences on translation in other reserves –(11)
Gains on disposal –24
Total consideration –42
Satisfied by:
Cash –42
26. Analysis of cash and cash equivalents
2009
HK$M
2008
HK$M
Short-term deposits and bank balances 10,105 7,051
Bank overdrafts (11) (6)
10,094 7,045
Notes to the Accounts STATEMENT OF CASH FLOWS
80