Cathay Pacific 2002 Annual Report Download - page 42

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Cathay Pacific Airways Limited Annual Report 2002 39
Notes to the Accounts
1. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITIES
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
2002 2001
Turnover by origin of sale: HK$M HK$M
North Asia
-
Hong Kong and Mainland China 12,424 10,956
-
Japan, Korea and Taiwan 6,979 6,885
South East Asia and Middle East 4,082 3,710
Europe 3,909 3,685
Pacific and South Africa 5,696 5,200
33,090 30,436
South East Asia and Middle East includes Singapore, Indonesia, Malaysia, Thailand, the Philippines, 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.