Cathay Pacific 2015 Annual Report Download - page 82

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Cathay Pacific Airways Limited
80
22. Reconciliation of operating profit to cash generated from operations
2015
HK$M
2014
HK$M
Operating profit 6,664 4,435
Depreciation of property, plant and equipment 8,387 8,016
Amortisation of intangible assets 472 323
Provision for impairment of assets held for sale 414
Provision for impairment of property, plant and equipment –599
Gain on disposal of assets held for sale (4) –
Gain on disposal of property, plant and equipment, net (49) (215)
Gain on disposal of a subsidiary (106) –
Currency adjustments and other items not involving cash flows 7,791 619
Decrease/(increase)instock 223 (78)
Decrease in trade debtors, other receivables and other assets and
 derivativefinancialassets 2,351 1,008
Decrease in net amounts due to related companies and associates (8) (28)
Increase in trade creditors, other payables, derivative financial liabilities and
 deferredcreditors 5,526 12,821
Increase in unearned transportation revenue 774 1,001
Non-operating movements in debtors and creditors (14,888) (16,241)
Cash generated from operations 17,137 12,274
23. Disposal of a subsidiary
2015
HK$M
2014
HK$M
Net liabilities disposed of:
Property, plant and equipment 5–
Trade, other receivables and other assets 14 –
Trade and other payables (18) –
Others (8) –
Total net liabilities (7) –
Reversal of non-controlling interests (16) –
Gain on disposal 106 –
Total consideration 83 –
Analysis of net cash inflow from disposal of a subsidiary:
Sales proceeds 125 –
Less liquid funds disposed of:
 –short-termdeposits (20) –
 –bankbalances (22) –
Net cash inflow from disposal of a subsidiary 83 –
24. Analysis of cash and cash equivalents
2015
HK$M
2014
HK$M
Short-term deposits and bank balances (note 18) 7,207 10,211
7,207 10,211
Notes to the Financial Statements Statement of Cash Flows