Cathay Pacific 2001 Annual Report Download - page 64

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62 Cathay Pacific Airways Limited Annual Report 2001
STATISTICS
2001 2000 1999
Consolidated profit and loss summary
HK$M
Passenger services 20,580 22,878 18,979
Cargo services 8,343 10,136 8,391
Catering and other services 1,513 1,509 1,332
To t al turnover 30,436 34,523 28,702
Operating expenses (29,604) (29,234) (25,891)
Operating profit/(loss) 832 5,289 2,811
Net finance charges (571) (367) (918)
Profit on sale of investments 452
-
482
Share of profits of associated companies 188 279 108
Profit/(loss) before taxation 901 5,201 2,483
Taxation (202) (110) (219)
Profit/(loss) after taxation 699 5,091 2,264
Minority interests (42) (86) (84)
Profit/(loss) attributable to shareholders 657 5,005 2,180
Dividends (1,915) (1,585) (339)
Retained (loss)/profit for the year (1,258) 3,420 1,841
Consolidated balance sheet summary
HK$M
Fixed and intangible assets 52,114 48,959 48,541
Long-term receivables and investments 3,165 3,756 3,548
Borrowings (24,024) (20,838) (24,783)
Liquid funds less bank overdrafts 9,746 10,952 11,567
Net borrowings (14,278) (9,886) (13,216)
Net current liabilities (excluding liquid funds and bank overdrafts) (1,764) (2,752) (3,944)
Deferred taxation (7,836) (7,146) (6,714)
Minority interests (93) (99) (86)
Net assets 31,308 32,832 28,129
Financed by:
Shareholders’ funds 31,308 32,832 28,129
Per share
Shareholders’ funds
HK$
9.40 9.80 8.31
EBITDA
HK$
1.64 2.70 2.07
Earnings/(loss)
HK cents
19.7 148.4 64.4
Dividend
HK cents
17.5 65.0 30.0
Ratios
Profit/(loss) margin
%
2.2 14.5 7.6
Return of average shareholders’ funds
%
2.0 16.4 8.0
Dividend cover
Times
1.1 2.3 2.1
Interest cover
Times
1.5 14.4 3.1
Gross debt/equity ratio
Times
0.77 0.63 0.88
Net debt/equity ratio
Times
0.46 0.30 0.47