Cathay Pacific 2001 Annual Report Download - page 69

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Cathay Pacific Airways Limited Annual Report 2001 67
GLOSSARY
RATIOS
Profit/(loss) margin
Profit/(loss) attributable to
shareholders
Turnover
=
Shareholders’
funds per share
Shareholders’ funds
Total issued and fully paid
shares at end of the year
=
Return on average
shareholders’
funds
Profit/(loss) attributable to
shareholders
Average shareholders’ funds
=
Gross debt/
equity ratio
Borrowings
Shareholders’ funds
=
Net debt/equity
ratio
Net borrowings
Shareholders’ funds
=
Dividend cover
Profit/(loss) attributable to
shareholders
Dividends
=
Interest cover Operating profit/(loss)
Net finance charges
=
Passenger/Cargo
and mail load
factor
Revenue passenger
kilometres/Cargo and mail
tonne kilometres
Available seat kilometres/
Available cargo and mail
tonne kilometres
=
Revenue load
factor
To t al passenger, cargo and
mail traffic revenue
Maximum possible revenue
at current yields and capacity
=
Breakeven load
factor
A theoretical revenue load
factor at which the traffic
revenue equates to the
operating cost.
=
Passenger/Cargo
and mail yield
Passenger turnover/Cargo
and mail turnover
Revenue passenger
kilometres/Cargo and mail
tonne kilometres
=
TERMS
Borrowings To t al borrowings (loans and lease
obligations) less security deposits, notes and zero
coupon bonds.
Net borrowings Borrowings and bank overdrafts less
liquid funds.
Available tonne kilometres (“ATK”) Overall capacity,
measured in tonnes available for the carriage of
passengers, excess baggage, cargo and mail on each
sector multiplied by the sector distance.
Available seat kilometres (“ASK”) Passenger seat
capacity, measured in seats available for the carriage
of passengers on each sector multiplied by the sector
distance.
Revenue passenger kilometres (“RPK”) Number of
passengers carried on each sector multiplied by the
sector distance.
Revenue tonne kilometres (“RTK”) Traffic volume,
measured in load tonnes from the carriage of
passengers, excess 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.
Earnings/(loss)
per share
Profit/(loss) attributable to
shareholders
Weighted average number
of shares (by days) in issue
for the year
=
Cost per ATK
To t al operating expenses of
Cathay Pacific
ATK of Cathay Pacific
=