Cathay Pacific 2015 Annual Report Download - page 60

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Cathay Pacific Airways Limited
58
1. Segment information
(a) Segment results
Airline business Non-airline business Unallocated Tot al
2015
HK$M
2014
HK$M
2015
HK$M
2014
HK$M
2015
HK$M
2014
HK$M
2015
HK$M
2014
HK$M
Profit or loss
Sales to external
 customers 101,199 104,869 1,143 1,122 102,342 105,991
Inter-segment sales 883,478 3,111 3,486 3,119
Segment revenue 101,207 104,877 4,621 4,233 105,828 109,110
Segment results 6,402 4,422 262 13 6,664 4,435
Net finance charges (1,040) (1,148) (124) (10) (1,164) (1,158)
5,362 3,274 138 35,500 3,277
Share of profits of
 associates 1,965 772 1,965 772
Profit before taxation 7,465 4,049
Taxation (1,037) (600) (120) 1(1,157) (599)
Profit for the year 6,308 3,450
Other segment
 information
Depreciation and
 amortisation 8,408 7,919 451 420 8,859 8,339
Purchase of property,
 plantand
 equipmentand
 intangibleassets 11,888 14,348 1,291 470 13,179 14,818
The Group’s two reportable segments are classified according to the nature of the business. The airline business
segment comprises the Group’s passenger and cargo operations. The non-airline business segment includes
mainly catering, ground handling, aircraft ramp handling services and cargo terminal operations. The unallocated
results represent the Group’s share of profits of associates.
The major revenue earning asset is the aircraft fleet which is used for both passenger and cargo services.
Management considers that there is no suitable basis for allocating such assets and related operating costs
between the two segments. Accordingly, passenger and cargo services are not disclosed as separate
business segments.
Inter-segment sales are based on prices set on an arm’s length basis.
Notes to the Financial Statements Statement of Profit or Loss and
Other Comprehensive Income