Cathay Pacific 1999 Annual Report Download - page 64

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68 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 1999
Glossary
Terms:
Borrowings Total borrowings (loans and lease obligations) less security deposits, notes and zero
coupon bonds.
Net borrowings Borrowings and bank overdraft less liquid funds.
Available tonne Capacity, measured in tonnes available for the carriage of passengers, excess
kilometres (“ATK”) baggage, cargo and mail on each sector multiplied by the sector distance.
On-time performance Departure within 15 minutes of scheduled departure time.
EBITDA Earnings before interest, tax, depreciation and amortisation
Ratios:
Profit/(loss) attributable to shareholders
Earnings/(loss) per share = Weighted average number of shares (by days) in issue for the year
Shareholders’ funds
Shareholders’ funds =
per share Total issued and fully paid shares at end of the year
Profit/(loss) attributable to shareholders
Profit/(loss) margin = Turnover
Profit/(loss) attributable to shareholders
Return of average =
shareholders’ funds Average shareholders’ funds
Borrowings
Gross debt/equity ratio = Shareholders’ funds
Net borrowings
Net debt/equity ratio = Shareholders’ funds
Revenue passenger kilometres/Cargo and mail tonne kilometres
Passenger/Cargo and =
mail load factor Available seat kilometres/Available cargo and mail tonne kilometres
Passenger revenue/Cargo and mail revenue
Passenger/Cargo and =
mail yield Revenue passenger kilometres/Cargo and mail tonne kilometres
Operating costs and net finance charges of Cathay Pacific Airways
Cost per ATK = ATK of Cathay Pacific Airways