2024年4月15日发(作者：英雄联盟官网购票平台)

220

Cathay Pacific Airways Limited – Abridged Financial Statements

To provide shareholders with information on the results and financial position of the group’s significant listed associated company,

Cathay Pacific Airways limited, the following is a summary of its audited consolidated statement of profit or loss and consolidated

statement of other comprehensive income for the year ended 31st December 2013 and consolidated statement of financial position

as at 31st December 2013, modified to conform to the group’s accounts presentation.

Audit Qualification:

The report of the auditor of Cathay Pacific Airways limited (the “Cathay Pacific Auditor”) on the consolidated financial statements

for the year ended 31st December 2012 was qualified due to its inability to obtain sufficient appropriate audit evidence as to whether

the carrying amount of the Cathay Pacific group’s investments in Air China limited (“Air China”) and Air China Cargo Co., ltd. (“Air

China Cargo”) and the Cathay Pacific group’s share of results of these investees included in the Cathay Pacific group’s consolidated

financial statements for the year ended 31st December 2012 were fairly stated. Air China and Air China Cargo are associates of the

Cathay Pacific group accounted for under the equity method. As this limitation in the scope of the audit of the Cathay Pacific Auditor

with respect to the Cathay Pacific group’s share of the results of Air China and Air China Cargo for the year ended 31st December

2012 still exists, the opinion of the Cathay Pacific Auditor on the current year’s consolidated financial statements is also qualified

because of the possible effect of this matter on the comparability of the current year’s figures and the corresponding figures in the

consolidated statement of profit or loss and other comprehensive income.

Impact on Swire Pacific Limited:

Air China and Air China Cargo are not considered significant components of the Swire Pacific group. The auditors of Swire Pacific

limited have issued an unqualified opinion in relation to the consolidated financial statements of Swire Pacific limited.

SWIRE PACIFIC 2013 ANNUAL REPORT

221

Consolidated Statement of Profit or Loss

For the year ended 31st December 2013

2013

HK$M

2012

(restated)

HK$M

Turnover

operating expenses

operating profit

Finance charges

Finance income

net finance charges

Share of profits less losses of associated companies

Profit before taxation

Taxation

Profit for the year

Profit for the year attributable to:

– Cathay Pacific’s shareholders

– non-controlling interests

Dividends

interim – paid

Second interim – declared/paid

100,484

(96,724)

3,760

(1,370)

351

(1,019)

838

3,579

(675)

2,904

2,620

284

2,904

236

629

865

HK¢

99,376

(97,763)

1,613

(1,629)

745

(884)

754

1,483

(409)

1,074

862

212

1,074

–

315

315

HK¢

21.9

earnings per share for profit attributable to Cathay Pacific’s shareholders

(basic and diluted)66.6

Consolidated Statement of Other Comprehensive Income

For the year ended 31st December 2013

2013

HK$M

2012

(restated)

HK$M

Profit for the year

Other comprehensive income

Items that will not be reclassified to profit or loss

Defined benefit plans

Items that may be reclassified subsequently to profit or loss

Cash flow hedges

net fair value gains on available-for-sale assets

Share of other comprehensive income of associated companies

net translation differences on foreign operations

Other comprehensive income for the year, net of tax

Total comprehensive income for the year

Total comprehensive income attributable to:

Cathay Pacific’s shareholders

non-controlling interests

2,9041,074

997

3,170

53

89

491

4,800

7,704

7,418

286

7,704

142

1,587

46

3

83

1,861

2,935

2,726

209

2,935

222

Cathay Pacific Airways Limited – Abridged Financial Statements

Consolidated Statement of Financial Position

At 31st December 2013

2013

HK$M

2012

(restated)

HK$M

ASSETS AND LIABILITIES

Non-current assets

Fixed assets

intangible assets

investments in associates

other long-term receivables and investments

Deferred tax assets

Current assets

Stock

Trade, other receivables and other assets

liquid funds

Current liabilities

Current portion of long-term liabilities

related pledged security deposits

net current portion of long-term liabilities

Trade and other payables

Unearned transportation revenue

Taxation

Net current assets/(liabilities)

Total assets less current liabilities

Non-current liabilities

long-term liabilities

related pledged security deposits

net long-term liabilities

other long-term payables

Deferred taxation

NET ASSETS

EQUITY

Share capital

reserves

Equity attributable to Cathay Pacific’s shareholders

Non-controlling interests

TOTAL EQUITY

94,935

9,802

20,314

7,135

204

132,390

1,511

9,938

27,736

39,185

11,179

(961)

10,218

18,206

11,237

1,116

40,777

(1,592)

130,798

57,460

(626)

56,834

1,318

9,633

67,785

63,013

787

62,101

62,888

125

63,013

84,278

9,425

18,522

6,254

95

118,574

1,194

10,833

24,182

36,209

10,758

(2,601)

8,157

17,470

9,581

687

35,895

314

118,888

52,753

(1,364)

51,389

3,205

8,156

62,750

56,138

787

55,234

56,021

117

56,138

SWIRE PACIFIC 2013 ANNUAL REPORT

223

Notes to the Accounts

At 31st December 2013

Contingencies

(a) Cathay Pacific Airways (“Cathay Pacific”) has under certain circumstances undertaken to maintain specified rates of return

within the Cathay Pacific group’s leasing arrangements. The Directors of Cathay Pacific do not consider that an estimate of the

potential financial effect of these contingencies can practically be made.

(b) At 31st December 2013, contingent liabilities existed in respect of guarantees given by the Cathay Pacific group on behalf of

associated companies and staff relating to lease obligations, bank loans and other liabilities of up to HK$2,017 million (2012:

HK$1,341 million).

(c) Cathay Pacific operates in many jurisdictions and in certain of these there are disputes with the tax authorities. Provisions have

been made to cover the expected outcome 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.

(d) Cathay Pacific remains the subject of antitrust proceedings in various jurisdictions and continues to defend itself vigorously

except as otherwise noted below. The proceedings are focused on issues relating to pricing and competition. Cathay Pacific is

represented by legal counsel in connection with these matters.

in 2006 the Competition Bureau of Canada (the “Bureau”) commenced a non-public investigation of Cathay Pacific’s air cargo

operations. on 20th June 2013, pursuant to a plea agreement entered into by Cathay Pacific and the Bureau, the ontario Superior

Court of Justice accepted Cathay Pacific’s plea of guilty with respect to certain violations of the Canadian Competition Act

relating to a navCan surcharge. Pursuant to the plea agreement and the Court’s judgment, Cathay Pacific agreed to pay a fine of

CAD$1.5 million (approximately HK$11.21 million at the exchange rate current when the judgment was entered). Cathay Pacific

has satisfied the judgment.

in December 2008, Cathay Pacific received a statement of claim, since amended, from the new Zealand Commerce Commission

(“nZCC”) with regard to Cathay Pacific’s air cargo operations. Agreement was reached between Cathay Pacific and the nZCC

to settle the allegations which arose out of the amended statement of claim. Under the settlement, which was approved by the

High Court of new Zealand, Cathay Pacific pleaded guilty to certain violations of the Commerce Act 1986 and agreed to make

a payment of nZ$4.56 million (approximately HK$29.95 million at the exchange rate current when the judgment was entered),

made up of a penalty of nZ$4.30 million and a contribution of nZ$0.26 million to the legal costs of the nZCC. Cathay Pacific

satisfied the judgment in April 2013.

in november 2010, the european Commission issued a decision in its airfreight investigation finding that, amongst other things,

Cathay Pacific and a number of other international cargo carriers agreed to cargo surcharge levels and that such agreements

infringed european competition law. The european Commission imposed a fine of €57.12 million (equivalent to HK$618 million at

the exchange rate current as of the date of the announcement) on Cathay Pacific. in January 2011, Cathay Pacific filed an appeal

with the general Court of the european Union. The appeal is currently pending.

Cathay Pacific has been named as a defendant in a number of civil complaints, including class litigation and third party

contribution claims, in a number of countries including the United States, Canada, the United Kingdom, the netherlands,

norway and Australia alleging violations of applicable competition laws arising from Cathay Pacific’s conduct relating to its air

cargo operations. in addition, civil class action claims have been filed in the United States and Canada alleging violations of

applicable competition laws arising from Cathay Pacific’s conduct relating to certain of its passenger operations. Cathay Pacific

is represented by legal counsel and is defending these actions, except as noted below.

Cathay Pacific is a defendant in various putative class action cases filed in the United States, in which the plaintiffs allege Cathay

Pacific and other carriers that provide air cargo services fixed the prices of various air cargo charges and surcharges in violation

of United States federal and state antitrust laws, and certain foreign competition laws. Those cases have been consolidated

into one case for all pre-trial purposes, In re Air Cargo Shipping Services Antitrust Litigation, MDl no. 1775, eDny. Damages are

demanded, but the amounts are not specified. Cathay Pacific has reached an agreement to settle this matter in February 2014,

by paying the plaintiffs US$65 million (approximately HK$504 million at the exchange rate current at date of payment). The

settlement, which is subject to Court approval, will resolve claims against all putative class members who choose not to opt out

of the agreement.

The proceedings and civil actions, except as otherwise stated above, are ongoing and the outcomes are subject to uncertainties.

Cathay Pacific is not in a position to assess the full potential liabilities but makes provisions based on facts and circumstances

in line with the relevant accounting policy.