Cathay Pacific 2006 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2006 Cathay Pacific annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

Cathay Pacific
Cathay Pacific Freighter
Dragonair
Air Hong Kong
Contents
A Chinese translation of this Annual Report is available upon request
from the Company’s Registrars.
本年報中文譯本，於本公司之股份登記處備索。
In September 2006, Hong Kong Dragon Airlines Limited (“Dragonair”) became a wholly owned
subsidiary of Cathay Pacific, while Cathay Pacific and Air China Limited (“Air China”) increased their
cross-shareholdings to form a closer partnership. Cathay Pacific is also the major shareholder in AHK
Air Hong Kong Limited (“AHK”), an all-cargo carrier offering scheduled services in the Asian region.
Cathay Pacific and its subsidiaries employ more than 18,600 people in Hong Kong. The airline is
listed on The Stock Exchange of Hong Kong Limited as is its major shareholder.
We are a founding member of the oneworld global alliance whose combined network serves some
600 destinations worldwide. Dragonair will become an affiliate member of oneworld in 2007.
2 Financial and Operating Highlights
3 Chairman’s Letter
4 2006 in Review
9 Review of Operations
18 Financial Review
26 Directors and Officers
28 Directors’ Report
35 Corporate Governance
40 Corporate Responsibility
44 Independent Auditor’s Report
45 Principal Accounting Policies
50 Consolidated Profit and
Loss Account
51 Consolidated Balance Sheet
52 Company Balance Sheet
53 Consolidated Cash Flow Statement
54 Consolidated Statement of
Changes in Equity
56 Company Statement of Changes in
Equity
58 Notes to the Accounts
88 Principal Subsidiaries and
Associates
90 Statistics
95 Glossary
96 Corporate and Shareholder
Information