Cathay Pacific 1998 Annual Report Download - page 39

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37
CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1998
The notes on pages 41 to 61 form part of these accounts.
Consolidated Profit and Loss Account
for the year ended 31st December 1998
1998 1997 1998 1997
Note
HK$M HK$M US$M US$M
Turnover
1
26,695 30,647 3,422 3,929
Operating profit
2
397 2,401 51 308
Exceptional items
3
(869) (347) (111) (44)
Net finance charges
4
(311) (335) (40) (43)
Net operating (loss)/profit (783) 1,719 (100) 221
Share of profits of associated companies
12
172 306 22 39
(Loss)/profit before taxation (611) 2,025 (78) 260
Taxation
5
104 (291) 13 (38)
(Loss)/profit after taxation (507) 1,734 (65) 222
Minority interests (35) (40) (4) (5)
(Loss)/profit attributable to shareholders
6
(542) 1,694 (69) 217
Dividends
7
(339) (986) (44) (126)
(Loss)/retained profit for the year
8
(881) 708 (113) 91
(Loss)/earnings per share
9
(16.0¢) 49.5¢ (2.1¢) 6.3¢
The US$ figures are for information only and are translated at HK$7.8.