Cathay Pacific 2003 Annual Report Download - page 73

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Cathay Pacific Airways Limited Annual Report 2003 71
Glossary
TERMS
Borrowings Tot 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.
RATIOS
Profit/(loss) attributable to
shareholders
Weighted average number
of shares (by days) in issue
for the year
Profit/(loss) attributable to
shareholders
Turnover
Shareholders’ funds
Total issued and fully paid
shares at end of the year
Profit/(loss) attributable to
shareholders
Average shareholders’ funds
Profit/(loss) attributable to
shareholders
Dividends
Operating profit/(loss)
Net finance charges
Borrowings
Shareholders’ funds
Net borrowings
Shareholders’ funds
Revenue passenger
kilometres/Cargo and mail
tonne kilometres
Available seat kilometres/
Available cargo and mail
tonne kilometres
To t al passenger, cargo and
mail traffic revenue
Maximum possible revenue
at current yields and capacity
A theoretical revenue load
factor at which the traffic
revenue equates to the
operating cost.
Passenger turnover/Cargo
and mail turnover
Revenue passenger
kilometres/Cargo and mail
tonne kilometres
To t al operating expenses of
Cathay Pacific
ATK of Cathay Pacific
Earnings/(loss) =
per share
Profit/(loss) margin =
Shareholders’ =
funds per share
Return on average
shareholders’ =
funds
Dividend cover =
Interest cover =
Gross debt/ =
equity ratio
Net debt/ =
equity ratio
Passenger/Cargo
and mail load =
factor
Revenue load =
factor
Breakeven load =
factor
Cost per ATK =
Passenger/Cargo =
and mail yield