Cathay Pacific 2000 Annual Report Download - page 46

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44 CATHAY PACIFIC AIRWAYS LIMITED ANNUAL REPORT 2000
1. Nature of operations and principal activities
The Cathay Pacific Group (“the Group”) is predominantly managed and controlled in Hong Kong.
As well as operating scheduled airline services, the Group is engaged in other related areas,
including airline catering, aircraft handling and engineering. The airline operations are principally
to and from Hong Kong, which is where most of the Group’s other activities are also carried out.
2. Turnover
Turnover comprises revenue from transportation services, airline catering and other services
provided to third parties.
(a) Primary reporting by geographical segment
2000 1999
Turnover by origin of sale HK$M HK$M
North Asia
– Hong Kong and Mainland China 12,676 10,434
– Japan, Korea and Taiwan 8,030 6,101
South East Asia and Middle East 3,938 3,280
Europe 3,991 3,849
Pacific and South Africa 5,888 5,038
34,523 28,702
South East Asia and Middle East includes Singapore, Indonesia, Malaysia, Thailand, Indian
sub-continent and Middle East. Europe includes Continental Europe, United Kingdom,
Scandinavia, Russia, Baltic and Turkey. Pacific and South Africa includes U.S.A., Canada, Latin
America, Australia, New Zealand, Fiji, Southern Africa and Mauritius.
Analysis of turnover and profit by geographical segment:
The analysis of turnover by origin of sale is derived by allocating revenue to the area in which
the sale was made. Management considers that it is not meaningful to allocate cost on this
basis and accordingly segment results are not disclosed.
Analysis of net assets by geographical segment:
The major revenue-earning asset of the Group is the aircraft fleet which is registered in Hong
Kong and is employed across its worldwide route network. Management considers that there
is no suitable basis for allocating such assets and related liabilities to geographical segments.
Accordingly, segment assets, segment liabilities and other segment information is not
disclosed.
Notes to the Accounts