Cathay Pacific 2005 Annual Report Download - page 93

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91
Cathay Pacific Airways Limited Annual Report 2005
Glossary
Terms
Borrowings Total borrowings (loans and lease
obligations) less security deposits, notes and zero
coupon bonds.
Net borrowings Borrowings and bank overdrafts less
liquid funds.
Available tonne kilometres (“ATK”) Overall capacity,
measured in tonnes available for the carriage of
passengers, excess baggage, cargo and mail on each
sector multiplied by the sector distance.
Available seat kilometres (“ASK”) Passenger seat
capacity, measured in seats available for the carriage
of passengers on each sector multiplied by the
sector distance.
Revenue passenger kilometres (“RPK”) Number of
passengers carried on each sector multiplied by the
sector distance.
Revenue tonne kilometres (“RTK”) Traffic volume,
measured in load tonnes from the carriage of
passengers, excess baggage, cargo and mail on each
sector multiplied by the sector distance.
On-time performance Departure within 15 minutes
of scheduled departure time.
EBITDA Earnings before interest, tax, depreciation
and amortisation.
Recoveries Cost recoveries from surcharges and
incidental activities.
Earnings/(loss) =
per share
Profit/(loss) margin =
Shareholders’ =
funds per share
Return on average =
shareholders’ funds
Dividend cover =
Interest cover =
Gross debt/ =
equity ratio
Profit/(loss) attributable to
Cathay Pacific shareholders
Weighted average number
of shares (by days) in issue
for the year
Profit/(loss) attributable to
Cathay Pacific shareholders
Turnover net of recoveries
Funds attributable to
Cathay Pacific shareholders
Total issued and fully paid
shares at end of the year
Profit/(loss) attributable to
Cathay Pacific shareholders
Average funds attributable to
Cathay Pacific shareholders
Profit/(loss) attributable to
Cathay Pacific shareholders
Dividends
Operating profit/(loss)
Net finance charges
Borrowings
Funds attributable to
Cathay Pacific shareholders
Net borrowings
Funds attributable to Cathay
Pacific shareholders
Revenue passenger
kilometres/Cargo and mail
tonne kilometres
Available seat kilometres/
Available cargo and
mail tonne kilometres
Total passenger, cargo and
mail traffic revenue
Maximum possible revenue at
current yields and capacity
A theoretical revenue load
factor at which the traffic
revenue equates to the
net operating expenses.
Passenger turnover/
Cargo and mail turnover
Revenue passenger kilometres/
Cargo and mail tonne
kilometres
Total net operating expenses of
Cathay Pacific
ATK of Cathay Pacific
Ratios
Net debt/ =
equity ratio
Passenger/Cargo =
and mail load factor
Revenue load factor =
Breakeven load =
factor
Passenger/Cargo =
and mail yield
Cost per ATK =