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Cathay Pacific Airways Limited Interim Report 201326
Condensed Financial Statements
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
at 30th June 2013 – Unaudited
Note
30th June
2013
HK$M
31st December
2012
HK$M
(restated)
30th June
2013
US$M
31st December
2012
US$M
(restated)
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets 11 86,519 84,278 11,092 10,805
Intangible assets 12 9,610 9,425 1,232 1,208
Investments in associates 13 19,037 18,522 2,440 2,375
Other long-term receivables and investments 6,674 6,254 856 802
Deferred tax assets 219 95 28 12
122,059 118,574 15,648 15,202
Long-term liabilities (50,666) (52,753) (6,496) (6,763)
Related pledged security deposits 1,224 1,364 157 175
Net long-term liabilities 14 (49,442) (51,389) (6,339) (6,588)
Other long-term payables 15 (2,575) (3,205) (330) (411)
Deferred tax liabilities (8,521) (8,156) (1,092) (1,046)
(60,538) (62,750) (7,761) (8,045)
Net non-current assets 61,521 55,824 7,887 7,157
Current assets and liabilities
Stock 1,246 1,194 160 153
Trade, other receivables and other assets 16 10,242 9,922 1,313 1,272
Assets held for sale 17 231 911 29 117
Liquid funds 18 23,384 24,182 2,998 3,100
35,103 36,209 4,500 4,642
Current portion of long-term liabilities (9,146) (10,758) (1,173) (1,379)
Related pledged security deposits 420 2,601 54 333
Net current portion of long-term liabilities 14 (8,726) (8,157) (1,119) (1,046)
Trade and other payables 19 (17,907) (17,470) (2,296) (2,240)
Unearned transportation revenue (11,307) (9,581) (1,449) (1,228)
Taxation (634) (687) (81) (88)
(38,574) (35,895) (4,945) (4,602)
Net current (liabilities)/assets (3,471) 314 (445) 40
Total assets less current liabilities 118,588 118,888 15,203 15,242
Net assets 58,050 56,138 7,442 7,197
CAPITAL AND RESERVES
Share capital 20 787 787 101 101
Reserves 57,137 55,234 7,325 7,081
Funds attributable to the owners of Cathay Pacific 57,924 56,021 7,426 7,182
Non-controlling interests 126 117 16 15
Total equity 58,050 56,138 7,442 7,197
The accounts are prepared and presented in HK$, the functional currency. The US$ figures are shown only as supplementary information and are translated
at HK$7.8.
The notes on pages 29 to 46 form part of these accounts.