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Cathay Pacific Airways Limited Interim Report 201342
Condensed Financial Statements
Notes to the Accounts
22. Commitments and contingencies
(a) Outstanding commitments for capital expenditure authorised at the end of the period but not
provided for in the accounts:
30th June 2013
HK$M
31st December 2012
HK$M
Authorised and contracted for 92,059 99,146
Authorised but not contracted for 10,515 10,046
102,574 109,192
(b) Guarantees in respect of lease obligations, bank loans and other liabilities outstanding at the end of
the period:
30th June 2013
HK$M
31st December 2012
HK$M
Related parties 1,111 1,141
Staff 200 200
1,311 1,341
Related parties are companies under control of a company which has a significant influence on the Group.
(c) The Company has under certain circumstances undertaken to maintain specified rates of return
within the Group’s leasing arrangements. The Directors do not consider that an estimate of the
potential financial effect of these contingencies can practically be made.
(d) The Company operates in many jurisdictions and in certain of these there are disputes with the
tax authorities. Provisions have been made to cover the expected outcomes of the disputes to the
extent that outcomes are likely and reliable estimates can be made. However, the final outcomes
are subject to uncertainties and resulting liabilities may exceed provisions.