Cathay Pacific 2001 Annual Report Download - page 38

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36 Cathay Pacific Airways Limited Annual Report 2001
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
Turnover by origin of sale:
2001 2000
HK$M HK$M
North Asia
-
Hong Kong and Mainland China 10,956 12,676
-
Japan, Korea and Taiwan 6,885 8,030
South East Asia and Middle East 3,710 3,938
Europe 3,685 3,991
Pacific and South Africa 5,200 5,888
30,436 34,523
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