Cathay Pacific 2002 Annual Report Download - page 36

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Cathay Pacific Airways Limited Annual Report 2002 33
Consolidated Profit and Loss Account
for the year ended 31st December 2002
2002 2001 2002 2001
Note
HK$M HK$M US$M US$M
Tu r n o v e r
Passenger services 22,376 20,580 2,869 2,638
Cargo services 9,387 8,343 1,203 1,070
Catering and other services 1,327 1,513 170 194
Total turnover
2
33,090 30,436 4,242 3,902
Expenses
Staff (7,918) (7,629) (1,015) (978)
Route (6,113) (6,698) (784) (858)
Fuel (4,895) (5,313) (628) (681)
Aircraft maintenance (3,312) (3,234) (424) (415)
Depreciation and operating leases (4,720) (4,968) (605) (637)
Commissions (501) (539) (64) (69)
Others (881) (1,223) (113) (157)
Operating expenses (28,340) (29,604) (3,633) (3,795)
Operating profit
3
4,750 832 609 107
Finance charges (2,421) (2,668) (310) (342)
Finance income 1,678 2,097 215 269
Net finance charges
4
(743) (571) (95) (73)
Profit on sale of investments
5
-
452
-
58
Share of profits of associated companies
13
324 188 42 24
Profit before taxation 4,331 901 556 116
Taxation
6
(328) (202) (42) (26)
Profit after taxation 4,003 699 514 90
Minority interests (20) (42) (3) (6)
Profit attributable to shareholders
7
3,983 657 511 84
Dividends
Interim
-
paid
8
534 416 68 53
Final
-
proposed
8
1,868 167 240 22
2,402 583 308 75
Earnings per share
Basic
9
119.5¢ 19.7¢ 15.3¢ 2.5¢
Diluted
9
118.7¢ 19.6¢ 15.2¢ 2.5¢
Dividend per share
8
72.0¢ 17.5¢ 9.2¢ 2.2¢
The US$ figures are for information only and are translated at HK$7.8.
The notes on pages 39 to 61 form part of these accounts.