Cathay Pacific 1998 Annual Report Download - page 26

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Financial Review
24 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1998
Value added
The following table summarises the distribution of the Group’s value added in 1997 and 1998.
1998 1997
HK$M HK$M
Total revenue 26,695 30,647
Less: Purchases of goods and services (15,039) (16,800)
Other costs (1,460) (1,750)
Value added by the Group 10,196 12,097
Add: Surplus/(deficit) on sale of aircraft and spares 18 (2)
Net investment income 28 43
Surplus on sales of associated companies –11
Share of profits of associated companies 149 261
Total value added available for distribution 10,391 12,410
Applied as follows:
To employees
– Salaries and other staff costs 7,569 7,712
To government
– Corporation taxes 133 218
To providers of capital
– Dividends 339 986
– Minority interests 35 40
– Net finance charges 311 335
Retained for re-investment and future growth
– Depreciation 2,885 2,411
– (Loss)/retained profit for the year (881) 708
Total value added 10,391 12,410