Cathay Pacific 2003 Annual Report Download - page 37

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Cathay Pacific Airways Limited Annual Report 2003 35
Consolidated Profit and Loss Account
for the year ended 31st December 2003
2003 2002 2003 2002
Note
HK$M HK$M US$M US$M
Tu r n o v e r
Passenger services 18,663 22,376 2,393 2,869
Cargo services 9,913 9,387 1,271 1,203
Catering and other services 1,002 1,327 128 170
Total turnover
2
29,578 33,090 3,792 4,242
Expenses
Staff (8,035) (7,918) (1,030) (1,015)
Route (5,416) (6,113) (695) (784)
Fuel (5,236) (4,895) (671) (628)
Aircraft maintenance (2,856) (3,312) (366) (424)
Depreciation and operating leases (4,860) (4,720) (623) (605)
Commissions (400) (501) (51) (64)
Others (550) (881) (71) (113)
Operating expenses (27,353) (28,340) (3,507) (3,633)
Operating profit
3
2,225 4,750 285 609
Finance charges (1,807) (2,421) (231) (310)
Finance income 1,187 1,678 152 215
Net finance charges
4
(620) (743) (79) (95)
Share of profits of associated companies
12
151 324 19 42
Profit before tax 1,756 4,331 225 556
Taxation
5
(409) (328) (52) (42)
Profit after tax 1,347 4,003 173 514
Minority interests (44) (20) (6) (3)
Profit attributable to shareholders
6
1,303 3,983 167 511
Dividends
Interim
-
paid
7
100 534 13 68
Final
-
proposed
7
568 935 73 120
Special
-
proposed
7
936
-
120
-
1,604 1,469 206 188
Earnings per share
Basic
8
39.0¢ 119.5¢ 5.0¢ 15.3¢
Diluted
8
38.8¢ 118.7¢ 5.0¢ 15.2¢
Dividend per share
7
48.0¢ 44.0¢ 6.2¢ 5.6¢
The US$ figures are for information only and are translated at HK$7.8.
The notes on pages 41 to 65 form part of these accounts.