Cathay Pacific 2011 Annual Report Download - page 81

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27. Reconciliation of operating profit to cash generated from operations
2011
HK$M
2010
HK$M
Operating profit 5,500 14,086
Depreciation 6,127 6,316
Amortisation of intangible assets 41 35
Loss on disposal of fixed assets 159 107
Loss on disposal of assets held for sale 17 –
Profit on disposal of investments –(2,165)
Gain on deemed disposal of an associate –(868)
Currency adjustments and other items not involving cash flows (1,109) 238
Increase in stock (134) (74)
Decrease/(increase) in trade debtors, other receivables and prepayments and
derivative financial assets 1,148 (2,091)
(Decrease)/increase in net amounts due to related companies and associates (104) 87
Increase in trade creditors, other payables, derivative financial liabilities and
deferred creditors 2,694 3,552
Increase in unearned transportation revenue 447 1,091
Non-operating movements in debtors and creditors 607 (1,470)
Cash generated from operations 15,393 18,844
28. Analysis of cash and cash equivalents
2011
HK$M
2010
HK$M
Short-term deposits and bank balances (note 23) 9,612 8,276
Bank overdrafts (note 24) –(4)
9,612 8,272
Notes to the Accounts STATEMENT OF CASH FLOWS
Cathay Pacific Airways Limited Annual Report 2011 79