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54 Cathay Pacific Airways Limited Annual Report 2005
1. Turnover
Turnover comprises revenue from transportation services, airline catering, recoveries and other services provided to
third parties. Recoveries have been included in the 2004 comparatives.
(a) Primary reporting by geographical segment
2005 2004
HK$M HK$M
Turnover by origin of sale:
North Asia
– Hong Kong and Mainland China 20,256 17,242
– Japan, Korea and Taiwan 8,432 7,346
South West Pacific and South Africa 3,747 3,215
Europe 6,150 5,100
South East Asia and Middle East 5,870 4,699
North America 6,454 5,159
50,909 42,761
South West Pacific and South Africa includes Australia, New Zealand and Southern Africa. Europe includes
Continental Europe, the United Kingdom, Scandinavia, Russia, Baltic and Turkey. South East Asia and Middle East
includes Singapore, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, Indian sub-continent and Middle East.
North America includes U.S.A., Canada and Latin America.
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 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.
Notes to the Accounts Profit and Loss Account