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Cathay Pacific Airways Limited Annual Report 2010
53
Note
2010
HK$M
2009
HK$M
2010
US$M
2009
US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets 12 66,112 65,495 8,476 8,397
Intangible assets 13 8,004 7,850 1,026 1,007
Investments in associates 15 12,926 9,042 1,657 1,159
Other long-term receivables and investments 16 4,359 5,307 559 680
91,401 87,694 11,718 11,243
Long-term liabilities (36,235) (40,416) (4,646) (5,182)
Related pledged security deposits 5,310 5,602 681 719
Net long-term liabilities 17 (30,925) (34,814) (3,965) (4,463)
Other long-term payables 18 (1,700) (1,059) (217) (136)
Deferred taxation 20 (5,815) (5,255) (746) (674)
(38,440) (41,128) (4,928) (5,273)
Net non-current assets 52,961 46,566 6,790 5,970
Current assets and liabilities
Stock 1,021 947 131 122
Trade, other receivables and other assets 21 11,433 8,161 1,466 1,046
Liquid funds 22 24,198 16,522 3,102 2,118
36,652 25,630 4,699 3,286
Current portion of long-term liabilities (9,249) (9,023) (1,186) (1,157)
Related pledged security deposits 545 1,195 70 153
Net current portion of long-term liabilities 17 (8,704) (7,828) (1,116) (1,004)
Trade and other payables 23 (15,773) (12,965) (2,022) (1,662)
Unearned transportation revenue (9,166) (8,075) (1,175) (1,035)
Taxation (1,541) (943) (198) (121)
(35,184) (29,811) (4,511) (3,822)
Net current assets/(liabilities) 1,468 (4,181) 188 (536)
Net assets 54,429 42,385 6,978 5,434
CAPITAL AND RESERVES
Share capital 24 787 787 101 101
Reserves 25 53,487 41,451 6,857 5,314
Funds attributable to owners of Cathay Pacific 54,274 42,238 6,958 5,415
Non-controlling interests 155 147 20 19
Total equity 54,429 42,385 6,978 5,434
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 58 to 97 and the principal accounting policies on pages 48 to 51 form part of these accounts.
Christopher Pratt Jack So
Director Director
Hong Kong, 9th March 2011
Consolidated Statement of Financial Position
at 31st December 2010