Cathay Pacific 2009 Annual Report Download - page 89

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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:
2009
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$M
Group
Bank and other loans (4,365) (5,729) (7,800) (2,667) (20,561)
Obligations under finance leases (5,225) (3,594) (12,587) (14,567) (35,973)
Trade and other payables (11,081) – – – (11,081)
Derivative financial liabilities (1,535) (578) (95) 24 (2,184)
Total (22,206) (9,901) (20,482) (17,210) (69,799)
2008
Within one
year
HK$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 (restated) (11,083) – – – (11,083)
Derivative financial liabilities (7,205) (2,557) (513) (31) (10,306)
Total (23,949) (11,886) (23,940) (17,751) (77,526)
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 (restated) (11,605) – – – (11,605)
Derivative financial liabilities (1,663) (124) (161) (32) (1,980)
Total (19,520) (5,496) (24,697) (18,998) (68,711)
Notes to the Accounts SUPPLEMENTARY INFORMATION
Cathay Pacific Airways Limited Annual Report 2009 87