Cathay Pacific 2011 Annual Report Download - page 65

Download and view the complete annual report

Please find page 65 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

12. Fixed assets
Aircraft and
related equipment Other equipment Buildings
Owned
HK$M
Leased
HK$M
Owned
HK$M
Leased
HK$M
Owned
HK$M
Under
construction
HK$M
Total
HK$M
Group
Cost
At 1st January 2011 67,398 42,853 2,942 478 5,257 1,920 120,848
Exchange differences 6 – – – – – 6
Additions 10,039 3,980 325 – 266 2,362 16,972
Disposals (5,909) – (51) – (13) – (5,973)
Reclassification to assets
held for sale (1,172) – – – (13) – (1,185)
Transfers 666 (666) – – – – –
At 31st December 2011 71,028 46,167 3,216 478 5,497 4,282 130,668
At 1st January 2010 61,666 43,728 2,874 478 5,133 837 114,716
Additions 4,544 2,198 157 – 128 1,083 8,110
Disposals (1,333) – (89) – (4) – (1,426)
Reclassification to assets
held for sale (552) – – – – – (552)
Transfers 3,073 (3,073) – – – – –
At 31st December 2010 67,398 42,853 2,942 478 5,257 1,920 120,848
Accumulated depreciation
At 1st January 2011 35,912 13,969 2,062 350 2,443 – 54,736
Charge for the year 3,778 1,954 191 17 187 – 6,127
Impairment 250 – – – – – 250
Disposals (3,451) – (50) – (13) – (3,514)
Reclassification to assets
held for sale (416) – – – (13) – (429)
Transfers 898 (898) – – – – –
At 31st December 2011 36,971 15,025 2,203 367 2,604 – 57,170
At 1st January 2010 30,259 14,387 1,967 330 2,278 – 49,221
Charge for the year 4,033 1,912 182 20 169 – 6,316
Reversal of impairment (98) – – – – – (98)
Disposals (428) – (87) – (4) – (519)
Reclassification to assets
held for sale (184) – – – – – (184)
Transfers 2,330 (2,330) – – – – –
At 31st December 2010 35,912 13,969 2,062 350 2,443 – 54,736
Net book value
At 31st December 2011 34,057 31,142 1,013 111 2,893 4,282 73,498
At 31st December 2010 31,486 28,884 880 128 2,814 1,920 66,112
Notes to the Accounts STATEMENT OF FINANCIAL POSITION
Cathay Pacific Airways Limited Annual Report 2011 63