Cathay Pacific 2011 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 of the 2011 Cathay Pacific annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 108

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

Consolidated Statement of Cash Flows
for the year ended 31st December 2011
Note
2011
HK$M
2010
HK$M
2011
US$M
2010
US$M
Operating activities
Cash generated from operations 27 15,393 18,844 1,973 2,416
Dividends received from associates 417 100 53 13
Interest received 119 89 15 11
Net interest paid (488) (624) (62) (80)
Tax paid (1,461) (810) (187) (104)
Net cash inflow from operating activities 13,980 17,599 1,792 2,256
Investing activities
Net decrease/(increase) in liquid funds other than cash and
cash equivalents 6,185 (9,370) 793 (1,201)
Disposal of investments –3,260 –418
Sales of fixed assets 2,288 869 293 112
Sales of assets held for sale 361 –46 –
Net (increase)/decrease in other long-term receivables
and investments (1,604) 7(206) 1
Payments for fixed and intangible assets (17,610) (8,299) (2,257) (1,064)
Payments to acquire additional shareholding in associate (3,098) (1,130) (397) (145)
Net cash outflow from investing activities (13,478) (14,663) (1,728) (1,879)
Financing activities
New financing 12,187 5,815 1,562 746
Net cash benefit from financing arrangements 1,467 488 188 63
Loan and finance lease repayments (8,874) (9,290) (1,138) (1,191)
Security deposits placed (56) (59) (7) (8)
Dividends paid – to owners of Cathay Pacific
– to non-controlling interests
(3,777)
(189)
(1,691)
(177)
(484)
(24)
(217)
(23)
Net cash inflow/(outflow) from financing activities 758 (4,914) 97 (630)
Increase/(decrease) in cash and cash equivalents 1,260 (1,978) 161 (253)
Cash and cash equivalents at 1st January 8,272 10,094 1,061 1,294
Effect of exchange differences 80 156 10 20
Cash and cash equivalents at 31st December 28 9,612 8,272 1,232 1,061
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.
Cathay Pacific Airways Limited Annual Report 2011 55