Cathay Pacific 2002 Annual Report Download - page 22

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Cathay Pacific Airways Limited Annual Report 2002 19
Value added
The following table summarises the distribution of the Group’s value added in 2001 and 2002.
2002 2001
HK$M HK$M
To t al revenue 33,090 30,436
Less: Purchases of goods and services (16,366) (17,716)
Other costs (335) (435)
Value added by the Group 16,389 12,285
Add: Income from investments 95 64
Surplus on sales of investments
-
452
Share of profits of associated companies 269 153
Total value added available for distribution 16,753 12,954
Applied as follows:
To employees
-
Salaries and other staff costs 7,918 7,629
To government
-
Corporation taxes 260 171
To providers of capital
-
Dividends
-
paid 534 416
-
proposed 1,868 167
-
Minority interests 20 42
-
Net finance charges 743 571
Retained for re-investment and future growth
-
Depreciation 3,829 3,884
-
Profit after dividends 1,581 74
Total value added 16,753 12,954
•The Group value added increased by
HK$3,799 million mainly due to the growth in
revenue.
Financial Review
•Dividends paid and proposed increased by
HK$1,819 million while the amount retained for
re-investment and future growth increased by
HK$1,452 million.