Cathay Pacific 2011 Annual Report Download - page 79

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Notes to the Accounts STATEMENT OF FINANCIAL POSITION
23. Liquid funds (continued)
Included in other liquid investments are bank deposits of HK$358 million (2010: HK$1,856 million) and debt
securities of HK$1,515 million (2010: HK$1,632 million) which are pledged as part of long-term financing
arrangements. The arrangements provide that these deposits and debt securities must be maintained at specified
levels for the duration of the financing.
24. Trade and other payables
Group Company
2011
HK$M
2010
HK$M
2011
HK$M
2010
HK$M
Trade creditors 7,663 6,211 5,816 4,681
Derivative financial liabilities 1,182 1,391 1,149 1,361
Other payables 8,318 7,779 7,342 6,517
Due to associates 49 37 37 23
Due to other related companies 252 351 223 334
Bank overdrafts – unsecured (note 28) –4–4
17,464 15,773 14,567 12,920
As at 31st December 2011, total derivative financial liabilities of the Group and the Company which did not qualify
for hedge accounting amounted to HK$356 million (2010: HK$355 million) and HK$356 million (2010: HK$355
million) respectively.
Group Company
2011
HK$M
2010
HK$M
2011
HK$M
2010
HK$M
Analysis of trade creditors by age:
Current 7,428 6,039 5,638 4,548
One to three months overdue 225 161 172 126
More than three months overdue 10 11 67
7,663 6,211 5,816 4,681
25. Share capital
2011 2010
Number of shares HK$M Number of shares HK$M
Authorised (HK$0.20 each) 5,000,000,000 1,000 5,000,000,000 1,000
Issued and fully paid (HK$0.20 each)
At 1st January and at 31st December 3,933,844,572 787 3,933,844,572 787
During the year, the Company did not purchase, sell or redeem any of its shares (2010: nil).
Cathay Pacific Airways Limited Annual Report 2011 77