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ANNUAL REPORT 2014
57Notes to the Financial Statements Statement of Profit or Loss and
Other Comprehensive Income
2. Segment information (continued)
(b) Geographical information
2014
HK$M
2013
HK$M
Turnover by origin of sale:
North Asia
 – Hong Kong and Mainland China 51,526 48,293
 – Japan, Korea and Taiwan 10,932 11,145
India, Middle East, Pakistan and Sri Lanka 4,686 4,775
Southwest Pacific and South Africa 7,043 6,455
Southeast Asia 8,486 7,970
Europe 9,096 8,791
North America 14,222 13,055
105,991 100,484
India, Middle East, Pakistan and Sri Lanka includes the Indian sub-continent, the Maldives, the Middle East, Pakistan,
Sri Lanka and Bangladesh. Southwest Pacific and South Africa includes Australia, New Zealand and Southern Africa.
Southeast Asia includes Singapore, Indonesia, Malaysia, Thailand, the Philippines, Vietnam and Cambodia. Europe
includes continental Europe, the United Kingdom, Scandinavia, Russia, the Baltic states and Turkey. North America
includes the U.S.A., Canada and Latin America.
Analysis of net assets by geographical segment:
The major revenue earning asset is the aircraft fleet, which is registered in Hong Kong and is employed across the
Group’s worldwide route network. Management considers that there is no suitable basis for allocating such assets
and related liabilities to geographical segments. Accordingly, segment assets, segment liabilities and other
segment information are not disclosed.
3. Operating profit
2014
HK$M
2013
HK$M
Operating profit has been arrived at after charging/(crediting):
Depreciation of fixed assets
 – leased 2,442 2,525
 – owned 5,574 4,617
Amortisation of intangible assets 323 210
Operating lease rentals
 – land and buildings 979 938
 – aircraft and related equipment 3,167 3,139
 – others 42 34
Provision for impairment of fixed assets 599 210
Provision for impairment of assets held for sale 14 13
Gain on disposal of fixed assets, net (215) (213)
Gain on deemed disposal of an associate –(24)
Cost of stock expensed 2,007 2,152
Exchange differences, net 316 171
Auditors’ remuneration 15 16
Net losses on financial assets and liabilities classified as held for trading 89 5
Dividend income from unlisted investments (15) (26)
Dividend income from listed investments (5) (5)