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Cathay Pacific Airways Limited
52 Consolidated Statement of Financial Position
at 31st December 2014
Note
2014
HK$M
2013
HK$M
2014
US$M
2013
US$M
ASSETS AND LIABILITIES
Non-current assets and liabilities
Fixed assets 10 98,471 94,935 12,624 12,171
Intangible assets 11 10,318 9,802 1,323 1,257
Investments in associates 13 22,918 20,314 2,938 2,604
Other long-term receivables and investments 14 6,372 7,135 817 915
Deferred tax assets 18 428 204 55 26
138,507 132,390 17,757 16,973
Long-term liabilities (55,814) (57,460) (7,156) (7,366)
Related pledged security deposits 499 626 64 80
Net long-term liabilities 15 (55,315) (56,834) (7,092) (7,286)
Other long-term payables 16 (9,354) (1,318) (1,199) (169)
Deferred tax liabilities 18 (9,691) (9,633) (1,242) (1,235)
(74,360) (67,785) (9,533) (8,690)
Net non-current assets 64,147 64,605 8,224 8,283
Current assets and liabilities
Stock 1,589 1,511 204 194
Trade, other receivables and other assets 19 10,591 9,827 1,358 1,260
Assets held for sale 20 189 111 24 14
Liquid funds 21 21,098 27,736 2,705 3,556
33,467 39,185 4,291 5,024
Current portion of long-term liabilities (10,002) (11,179) (1,282) (1,433)
Related pledged security deposits 221 961 28 123
Net current portion of long-term liabilities 15 (9,781) (10,218) (1,254) (1,310)
Trade and other payables 22 (23,543) (18,206) (3,018) (2,334)
Unearned transportation revenue (12,238) (11,237) (1,569) (1,441)
Taxation (199) (1,116) (26) (143)
(45,761) (40,777) (5,867) (5,228)
Net current liabilities (12,294) (1,592) (1,576) (204)
Total assets less current liabilities 126,213 130,798 16,181 16,769
Net assets 51,853 63,013 6,648 8,079
CAPITAL AND RESERVES
Share capital: nominal value 23 –787 –101
Other statutory capital reserves 24 –16,319 –2,092
Share capital and other statutory capital reserves 17,106 17,106 2,193 2,193
Other reserves 24 34,616 45,782 4,438 5,870
Funds attributable to the shareholders of Cathay Pacific 51,722 62,888 6,631 8,063
Non-controlling interests 131 125 17 16
Total equity 51,853 63,013 6,648 8,079
The financial statements 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 56 to 97 and the principal accounting policies on pages 98 to 101 form part of these financial statements.
John Slosar Jack So
Director Director
Hong Kong, 18th March 2015