Cathay Pacific 2007 Annual Report Download - page 58

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Notes to the Accounts
Profit and Loss Account
3. Operating profit
2007
HK$M
2006
HK$M
Operating profit has been arrived at after charging/(crediting):
Depreciation of fixed assets
– Leased 1,811 1,766
– Owned 3,020 2,489
Amortisation of intangible assets 13 40
Operating lease rentals
– Land and buildings 550 434
– Aircraft and related equipment 1,941 1,379
– Others 32 37
Operating lease income
– Aircraft and related equipment (276) (123)
Cost of stock expensed 1,919 1,552
Exchange differences (490) (271)
Auditors’ remuneration 10 8
Net gains on financial assets and liabilities classified
as held for trading (867) (278)
Net loss on financial assets and liabilities designated
as at fair value through profit and loss 257 –
Income from unlisted investments (213) (166)
Income from listed investments (3) (25)
Cathay Pacific Airways Limited Annual Report 2007
56