Cathay Pacific 2014 Annual Report Download - page 80

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Cathay Pacific Airways Limited
78 Notes to the Financial Statements Statement of Cash Flows
25. Reconciliation of operating profit to cash generated from operations
2014
HK$M
2013
HK$M
Operating profit 4,435 3,760
Depreciation of fixed assets 8,016 7,142
Amortisation of intangible assets 323 210
Provision for impairment of assets held for sale 14 13
Provision for impairment of fixed assets 599 210
Gain on disposal of fixed assets, net (215) (213)
Gain on deemed disposal of an associate –(24)
Currency adjustments and other items not involving cash flows 619 (658)
Increase in stock (78) (317)
Decrease/(increase) in trade debtors, other receivables and other assets and derivative
 financial assets 1,008 (905)
(Decrease)/increase in net amounts due to related companies and associates (28) 182
Increase/(decrease) in trade creditors, other payables, derivative financial liabilities and
 deferred creditors 12,821 (395)
Increase in unearned transportation revenue 1,001 1,656
Non-operating movements in debtors and creditors (16,241) 3,502
Cash generated from operations 12,274 14,163
26. Analysis of cash and cash equivalents
2014
HK$M
2013
HK$M
Short-term deposits and bank balances (note 21) 10,211 12,359
10,211 12,359