Cathay Pacific 2004 Annual Report Download - page 42

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38 Cathay Pacific Airways Limited 2004 Annual Report
Consolidated Profit and Loss Account
for the year ended 31st December 2004
2004 2003 2004 2003
Note
HK$M HK$M US$M US$M
Turnover
Passenger services 26,407 18,663 3,386 2,393
Cargo services 11,395 9,913 1,461 1,271
Catering and other services 1,263 1,002 162 128
Total turnover
2
39,065 29,578 5,009 3,792
Expenses
Staff (8,842) (8,035) (1,134) (1,030)
Route (6,890) (5,416) (883) (695)
Fuel (7,836) (5,236) (1,005) (671)
Aircraft maintenance (3,784) (2,856) (485) (366)
Depreciation and operating leases (5,170) (4,860) (663) (623)
Commissions (529) (400) (68) (51)
Others (767) (550) (98) (71)
Operating expenses (33,818) (27,353) (4,336) (3,507)
Operating profit
3
5,247 2,225 673 285
Finance charges (1,628) (1,807) (209) (231)
Finance income 1,045 1,187 134 152
Net finance charges
4
(583) (620) (75) (79)
Share of profits of associated companies
12
356 151 46 19
Profit before tax 5,020 1,756 644 225
Taxation
5
(504) (409) (65) (52)
Profit after tax 4,516 1,347 579 173
Minority interests (99) (44) (13) (6)
Profit attributable to shareholders
6
4,417 1,303 566 167
Dividends
Interim – paid
7
674 100 86 13
Final – proposed
7
1,517 572 194 73
Special – paid
7
–943 –121
2,191 1,615 280 207
Earnings per share
Basic
8
131.4¢ 39.0¢ 16.8¢ 5.0¢
Diluted
8
130.7¢ 38.8¢ 16.8¢ 5.0¢
Dividend per share
7
65.0¢ 48.0¢ 8.3¢ 6.2¢
The US$ figures are for information only and are translated at HK$7.8.
The notes on pages 44 to 65 form part of these accounts.