Cathay Pacific 2004 Annual Report Download - page 23
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2004 2003
HK$M HK$M
Total revenue 39,065 29,578
Less: Purchases of goods and services (21,281 ) (15,846 )
Value added by the Group 17,784 13,732
Add: Income from investments 106 273
Share of profits of associated companies 356 151
Total value added available for distribution 18,246 14,156
Applied as follows:
To employees
- Salaries and other staff costs 8,842 8,035
To governments
- Corporation taxes 504 409
To providers of capital
- Dividends - paid 674 100
- proposed 1,517 1,515
- Minority interests 99 44
- Net finance charges 583 620
Retained for re-investment and future growth
- Depreciation 3,801 3,745
- Profit/(loss) after dividends 2,226 (312 )
Total value added 18,246 14,156
CATHAY PACIFIC: FUEL HEDGING GROUP INTEREST RATE PROFILE: BORROWINGS
by HK$576 million while the amount retained
for re-investment and future growth increased
by HK$2,594 million.
– The Group value added increased by HK$4,090
million mainly due to an increase in revenue.
– Dividends paid and proposed increased
VALUE ADDED
The following table summarises the distribution of
the Group’s value added in 2003 and 2004.
Cathay Pacific Airways Limited 2004 Annual Report 19