Cathay Pacific 2010 Annual Report Download - page 81

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Cathay Pacific Airways Limited Annual Report 2010
79
26. Reconciliation of operating profit to cash generated from operations
2010
HK$M
2009
HK$M
Operating profit 14,086 5,733
Depreciation 6,316 5,652
Amortisation of intangible assets 35 32
Loss on disposal of fixed assets and intangible assets 107 32
Profit on disposal of investments (2,165) (1,254)
Gain on deemed disposal of an associate (868) –
Currency adjustments and other items not involving cash flows 238 525
(Increase)/decrease in stock (74) 13
(Increase)/decrease in trade debtors, other receivables and prepayments and
long-term portion of derivative financial assets (2,091) 2,422
Increase in net amounts due to related companies and associates 87 94
Increase/(decrease) in trade creditors, other payables, long-term portion of derivative
financial liabilities and deferred creditors 3,552 (8,303)
Increase/(decrease) in unearned transportation revenue 1,091 (574)
Non-operating movements in debtors and creditors (1,470) 118
Cash generated from operations 18,844 4,490
27. Analysis of cash and cash equivalents
2010
HK$M
2009
HK$M
Short-term deposits and bank balances 8,276 10,105
Bank overdrafts (note 23) (4) (11)
8,272 10,094
Notes to the Accounts STATEMENT OF CASH FLOWS