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Cathay Pacific Airways Limited Annual Report 2010
69
17. Long-term liabilities (continued)
(a) Long-term loans
Group Company
2010
HK$M
2009
HK$M
2010
HK$M
2009
HK$M
Bank loans
– secured 8,274 8,831 3,676 4,709
– unsecured 6,292 6,958 6,173 6,623
Other loans
– secured –52 –52
– unsecured 2,420 3,458 2,420 3,458
16,986 19,299 12,269 14,842
Amount due within one year included under
current liabilities (5,793) (4,140) (4,912) (3,278)
11,193 15,159 7,357 11,564
Repayable as follows:
Bank loans
– within one year 3,373 2,843 2,492 1,981
– after one year but within two years 4,942 3,224 4,217 2,495
– after two years but within five years 4,575 7,285 2,725 5,616
– after five years 1,676 2,437 415 1,240
14,566 15,789 9,849 11,332
Other loans
– within one year 2,420 1,297 2,420 1,297
– after one year but within two years –2,213 –2,213
2,420 3,510 2,420 3,510
Amount due within one year included under
current liabilities (5,793) (4,140) (4,912) (3,278)
11,193 15,159 7,357 11,564
Borrowings other than bank loans are repayable on various dates up to 2011 at interest rates between 1.26%
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$4,359 million and HK$1,581 million respectively (2009: HK$6,668 million and
HK$3,846 million).
As at 31st December 2010, the Group and the Company had long-term loans which were defeased by funds
and other investments totalling HK$20,319 million and HK$18,035 million respectively (2009: HK$22,290 million
and HK$19,226 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