Cathay Pacific 2009 Annual Report Download - page 55

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Consolidated Statement of Comprehensive Income
for the year ended 31st December 2009
Note
2009
HK$M
2008
(restated)
HK$M
2009
US$M
2008
(restated)
US$M
Turnover
Passenger services 45,920 57,964 5,887 7,431
Cargo services 17,255 24,623 2,212 3,157
Catering, recoveries and other services 3,803 3,976 488 510
Total turnover 166,978 86,563 8,587 11,098
Expenses
Staff (12,618) (12,428) (1,618) (1,593)
Inflight service and passenger expenses (2,915) (3,336) (374) (428)
Landing, parking and route expenses (10,458) (10,823) (1,341) (1,387)
Fuel (17,349) (47,317) (2,224) (6,066)
Aircraft maintenance (6,567) (7,643) (842) (980)
Aircraft depreciation and operating leases (7,978) (7,211) (1,023) (925)
Other depreciation and operating leases (1,103) (1,060) (141) (136)
Commissions (571) (851) (73) (109)
Others (2,940) (3,455) (377) (443)
Operating expenses (62,499) (94,124) (8,013) (12,067)
Operating profit/(loss) before non-recurring items 4,479 (7,561) 574 (969)
Profit on disposal of investment in an associate 1,254 –161 –
Settlement of the United States Department of Justice
cargo investigations –(468) –(60)
Operating profit/(loss) 35,733 (8,029) 735 (1,029)
Finance charges (1,435) (2,428) (184) (311)
Finance income 588 1,416 75 181
Net finance charges 4(847) (1,012) (109) (130)
Share of profits/(losses) of associates 13 261 (764) 33 (98)
Profit/(loss) before tax 5,147 (9,805) 659 (1,257)
Taxation 5(283) 1,333 (36) 171
Profit/(loss) for the year 4,864 (8,472) 623 (1,086)
Other comprehensive income
Cash flow hedges 329 (1,035) 42 (131)
Revaluation surplus/(deficit) arising from available-for-sale
financial assets 479 (430) 62 (55)
Share of other comprehensive income of associates 11 (154) 1(22)
Exchange differences on translation of foreign operations 8524 167
Other comprehensive income for the year, net of tax 6827 (1,095) 106 (141)
Total comprehensive income for the year 5,691 (9,567) 729 (1,227)
Profit/(loss) attributable to
Owners of Cathay Pacific 74,694 (8,696) 601 (1,115)
Minority interests 170 224 22 29
4,864 (8,472) 623 (1,086)
Total comprehensive income attributable to
Owners of Cathay Pacific 5,521 (9,791) 707 (1,256)
Minority interests 170 224 22 29
5,691 (9,567) 729 (1,227)
Earnings/(loss) per share
Basic 8119.3¢ (221.0)¢ 15.3¢ (28.3)¢
Diluted 8119.3¢ (221.0)¢ 15.3¢ (28.3)¢
The accounts are prepared and presented in HK$, the functional currency. The US$ figures are shown only as supplementary
information and are translated at HK$7.8.
The notes on pages 59 to 97 form part of these accounts.
Cathay Pacific Airways Limited Annual Report 2009 53