Cathay Pacific 2013 Annual Report Download - page 42

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Cathay Pacific Airways Limited Interim Report 201340
Condensed Financial Statements
Notes to the Accounts
17. Assets held for sale
30th June 2013
HK$M
31st December 2012
HK$M
Assets held for sale 231 911
231 911
18. Liquid funds
30th June 2013
HK$M
31st December 2012
HK$M
Short-term deposits and bank balances 8,599 12,798
Short-term deposits maturing beyond three months when placed 3,543 7
Funds with investment managers
– debt securities listed outside Hong Kong 9,521 9,353
– bank deposits 31 203
Other liquid investments
– debt securities listed outside Hong Kong 1,427 1,529
– bank deposits 263 292
23,384 24,182
Included in other liquid investments are bank deposits of HK$263 million (31st December 2012:
HK$292million) and debt securities of HK$1,427 million (31st December 2012: HK$1,529 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.