Cathay Pacific 2010 Annual Report Download - page 70

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68
15. Associates (continued)
In respect of the year ended 31st December 2010, Air China has been included in the consolidated accounts based
on the most recently available accounts drawn up to 30th September 2010 (2009: 30th September 2009). The
Group has taken advantage of the provision contained in HKAS 28 “Investments in Associates” whereby it is
permitted to include the attributable share of associates’ results based on accounts drawn up to a non-coterminous
period end where the difference must be no greater than three months.
Principal associates are listed on page 97.
16. Other long-term receivables and investments
Group Company
2010
HK$M
2009
HK$M
2010
HK$M
2009
HK$M
Investments at fair value
– listed in Hong Kong 183 175 ––
– unlisted 1,232 1,373 1,133 1,328
Leasehold land rental prepayments 1,514 1,557 ––
Loans and other receivables 101 311 95 305
Derivative financial assets – long-term portion 1,111 1,891 1,111 1,891
Retirement benefit assets (note 19) 218 –199 –
4,359 5,307 2,538 3,524
Leasehold land is held under medium-term leases in Hong Kong with a total unamortised value of HK$1,557 million
(2009: HK$1,600 million).
17. Long-term liabilities
2010 2009
Note
Current
HK$M
Non-current
HK$M
Current
HK$M
Non-current
HK$M
Group
Long-term loans (a) 5,793 11,193 4,140 15,159
Obligations under finance leases (b) 2,911 19,732 3,688 19,655
8,704 30,925 7,828 34,814
Company
Long-term loans (a) 4,912 7,357 3,278 11,564
Obligations under finance leases (b) 4,277 22,356 5,046 22,373
9,189 29,713 8,324 33,937
Notes to the Accounts STATEMENT OF FINANCIAL POSITION