Cathay Pacific 2006 Annual Report Download - page 27

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2002 2003 2004 2005 2006
%
0
40
20
60
80
100
Interest rate profile: borrowings
Floating
Fixed
0
6,000
9,000
3,000
12,000
15,000
21,000
18,000
EUR GBP HKD JPY USD SGD Others
Borrowings before and after derivatives
Others include CAD, KRW, NZD and TWD.
HK$ million
Before derivatives
After derivatives
Value added
The following table summarises the distribution of the Group’s value added in 2005 and 2006.
2006
HK$M
2005
HK$M
Total revenue 60,783 50,909
Less: Purchases of goods and services (41,360) (33,778)
Value added by the Group 19,423 17,131
Add: Share of profits of associates 301 269
Total value added available for distribution 19,724 17,400
Applied as follows:
To employees
– Salaries and other staff costs 9,950 9,025
To governments
– Corporation taxes 782 500
To providers of capital
– Dividends – paid 2,045 676
– proposed 1,259 947
– Minority interests 184 170
– Net finance charges 465 444
Retained for re-investment and future growth
– Depreciation 4,255 3,963
– Profit after dividends 784 1,675
Total value added 19,724 17,400
• The Group value added increased by HK$2,324
million mainly due to an increase in revenue.
• Dividends paid and proposed increased by
HK$1,681 million while the amount retained for
re-investment and future growth decreased by
HK$599 million.
25
Cathay Pacific Airways Limited Annual Report 2006
Financial Review