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Cathay Pacific Airways Limited
68
Notes to the Financial Statements Statement of Financial Position
12. Long-term liabilities
2015 2014
Note
Current
HK$M
Non-current
HK$M
Current
HK$M
Non-current
HK$M
Long-term loans (a) 9,164 26,438 6,025 27,672
Obligations under finance leases (b) 4,074 23,429 3,756 27,643
13,238 49,867 9,781 55,315
(a) Long-term loans
2015
HK$M
2014
HK$M
Bank loans
 –secured 22,213 18,181
 –unsecured 9,780 11,468
Other loans
 –unsecured 3,609 4,048
35,602 33,697
Amount due within one year included under current liabilities (9,164) (6,025)
26,438 27,672
Repayable as follows:
Bank loans
 –withinoneyear 8,833 5,664
 –afteroneyearbutwithintwoyears 4,616 8,206
 –aftertwoyearsbutwithinfiveyears 9,060 7,824
 –afterfiveyears 9,484 7,955
31,993 29,649
Other loans
 –withinoneyear 331 361
 –afteroneyearbutwithintwoyears 1,870 331
 –aftertwoyearsbutwithinfiveyears 894 2,842
 –afterfiveyears 514 514
3,609 4,048
Amount due within one year included under current liabilities (9,164) (6,025)
26,438 27,672
Borrowings other than bank loans are repayable on various dates up to 2022 at an interest rate of 3.1% per annum
while bank loans are repayable up to 2027.
Long-term loans of the Group not wholly repayable within five years amounted to HK$21,615 million (2014:
HK$17,698 million).
At 31st December 2015, the Group had long-term loans totalling HK$33,703 million (2014: HK$36,617 million) which
were defeased by funds and other investments. Accordingly, these liabilities and the related funds, as well as related
expenditure and income, have been defeased in the financial statements.