Cathay Pacific 1999 Annual Report Download - page 31

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35CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1999
The notes on pages 40 to 63 form part of these accounts.
Consolidated Profit and Loss Account
for the year ended 31st December 1999
1999 1998 1999 1998
Note
HK$M HK$M US$M US$M
Turnover
Passenger services 18,979 18,532 2,433 2,376
Cargo services 8,391 6,955 1,076 892
Catering and other services 1,332 1,123 171 143
Total turnover
2
28,702 26,610 3,680 3,411
Expenses
Staff (7,299) (7,786) (936) (998)
Route (6,352) (6,476) (814) (830)
Fuel (3,641) (3,612) (467) (463)
Aircraft maintenance (2,714) (2,891) (348) (370)
Depreciation and operating leases (3,875) (4,275) (497) (548)
Commissions (663) (717) (85) (92)
Others (1,336) (1,510) (171) (194)
Operating expenses
3
(25,880) (27,267) (3,318) (3,495)
Operating profit/(loss)
4
2,822 (657) 362 (84)
Finance charges (2,775) (2,605) (356) (334)
Finance income 1,857 2,294 238 294
Net finance charges
5
(918) (311) (118) (40)
Profit on sale of investments
6
482 185 62 24
Share of profits of associated companies
14
108 172 14 22
Profit/(loss) before taxation 2,494 (611) 320 (78)
Taxation
7
(219) 104 (28) 13
Profit/(loss) after taxation 2,275 (507) 292 (65)
Minority interests (84) (35) (11) (4)
Profit/(loss) attributable to shareholders
8
2,191 (542) 281 (69)
Dividends
9
(1,016) (339) (130) (44)
Retained profit/(loss) for the year
10
1,175 (881) 151 (113)
Basic earnings/(loss) per share
11
64.7¢ (16.0¢) 8.3¢ (2.1¢)
Diluted earnings/(loss) per share
11
64.3¢ (16.0¢) 8.2¢ (2.1¢)
The US$ figures are for information only and are translated at HK$7.8.