Cathay Pacific 2011 Annual Report Download - page 88

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Notes to the Accounts SUPPLEMENTARY INFORMATION
33. Financial risk management (continued)
(b) Liquidity risk
The Group’s policy is to monitor liquidity and compliance with lending covenants, so as to ensure sufficient
liquid funds and funding lines from financial institutions are available to meet liquidity requirements in both the
short and long term. The analysis is performed on the same basis for 2010. The undiscounted payment profile
of financial liabilities is outlined as follows:
2011
Within one
year
HK$M
After one
year but
within two
years
HK$M
After two
years but
within five
years
HK$M
After five
years
HK$M
Total
HK$M
Group
Bank and other loans (6,024) (2,617) (7,431) (3,749) (19,821)
Obligations under finance leases (2,916) (3,134) (8,817) (12,527) (27,394)
Other long-term payables – (251) (415) (240) (906)
Trade and other payables (16,282) – – – (16,282)
Derivative financial liabilities, net (1,119) (459) (618) (76) (2,272)
Total (26,341) (6,461) (17,281) (16,592) (66,675)
2010
Within one
year
HK$M
After one
year but
within two
years
HK$M
After two
years but
within five
years
HK$M
After five
years
HK$M
Total
HK$M
Group
Bank and other loans (5,975) (5,039) (4,849) (1,796) (17,659)
Obligations under finance leases (3,041) (2,676) (7,959) (12,607) (26,283)
Other long-term payables – (97) – – (97)
Trade and other payables (14,382) – – – (14,382)
Derivative financial liabilities, net (1,254) (679) (195) 99 (2,029)
Total (24,652) (8,491) (13,003) (14,304) (60,450)
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