Cathay Pacific 2011 Annual Report Download - page 71

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Notes to the Accounts STATEMENT OF FINANCIAL POSITION
17. Long-term liabilities (continued)
(a) Long-term loans
Group Company
2011
HK$M
2010
HK$M
2011
HK$M
2010
HK$M
Bank loans
– secured 10,230 8,274 2,995 3,676
– unsecured 7,802 6,292 7,802 6,173
Other loans
– unsecured 658 2,420 658 2,420
18,690 16,986 11,455 12,269
Amount due within one year included
under current liabilities (5,832) (5,793) (4,415) (4,912)
12,858 11,193 7,040 7,357
Repayable as follows:
Bank loans
– within one year 5,832 3,373 4,415 2,492
– after one year but within two years 2,450 4,942 1,454 4,217
– after two years but within five years 6,959 4,575 4,769 2,725
– after five years 2,791 1,676 159 415
18,032 14,566 10,797 9,849
Other loans
– within one year –2,420 –2,420
– after five years 658 –658 –
658 2,420 658 2,420
Amount due within one year included
under current liabilities (5,832) (5,793) (4,415) (4,912)
12,858 11,193 7,040 7,357
Borrowings other than bank loans are repayable on various dates up to 2018 at interest rate 3.9% per annum
while bank loans are repayable up to 2023.
Long-term loans and other liabilities of the Group and the Company not wholly repayable within five years
amounted to HK$6,809 million and HK$1,363 million respectively (2010: HK$4,359 million and
HK$1,581 million).
As at 31st December 2011, the Group and the Company had long-term loans which were defeased by funds
and other investments totalling HK$23,943 million and HK$22,368 million respectively (2010: HK$20,319 million
and HK$18,035 million). Accordingly, these liabilities and the related funds, as well as related expenditure and
income, have been netted off in the accounts.
Cathay Pacific Airways Limited Annual Report 2011 69