Cathay Pacific 2000 Annual Report Download - page 26

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24 CATHAY PACIFIC AIRWAYS LIM ITED ANNUAL REPORT 2000
Value added
The follow ing table summarises the distribution of the Group’s value added in 1999 and 2000.
2000 1999
HK$M HK$M
Total revenue 34,523 28,702
Less: Purchases of goods and services (17,429) (14,735)
Other costs (804) (764)
Value added by the Group 16,290 13,203
Add: Income from unlisted investments 42 –
Surplus on sales of investments –482
Share of profits of associated companies 245 93
Total value added available for distribution 16,577 13,778
Applied as follows:
To employees
– Salaries and other staff costs 7,482 7,299
To government
– Corporation taxes 199 144
To providers of capital
– Dividends 2,182 1,016
– M inority interests 86 84
– Net finance charges 367 918
Retained for re-investment and future grow th
– Depreciation 3,438 3,153
– Retained profit for the year 2,823 1,164
Total value added 16,577 13,778
The Group value added increased by
HK$2,799 million due to the improvement
in revenue, although the increase w as
partly offset by increased purchases of
goods and services.
Salaries and other staff costs grew by
HK$183 million to HK$7,482 million.
Financial Review
Dividends grew by HK$1,166 million w hile
the amount retained for re-investment
and future grow th increased by HK$1,944
million.