Cathay Pacific 2006 Annual Report Download - page 52

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Cathay Pacific Airways Limited Annual Report 2006
50
for the year ended 31st December 2006
Note
2006
HK$M
2005
HK$M
2006
US$M
2005
US$M
Turnover
Passenger services 35,155 30,274 4,507 3,881
Cargo services 14,251 12,852 1,827 1,648
Catering, recoveries and other services 11,377 7,783 1,459 998
Total turnover 160,783 50,909 7,793 6,527
Expenses
Staff (9,950) (9,025) (1,276) (1,157)
Inflight service and passenger expenses (2,347) (2,033) (301) (261)
Landing, parking and route expenses (8,066) (6,947) (1,034) (891)
Fuel (20,214) (15,588) (2,592) (1,999)
Aircraft maintenance (5,330) (4,527) (683) (580)
Aircraft depreciation and operating leases (5,283) (4,893) (677) (627)
Other depreciation and operating leases (862) (790) (111) (101)
Commissions (668) (555) (86) (71)
Others (2,845) (2,408) (364) (309)
Operating expenses (55,565) (46,766) (7,124) (5,996)
Operating profit 25,218 4,143 669 531
Finance charges (1,818) (1,605) (233) (206)
Finance income 1,353 1,161 173 149
Net finance charges 3(465) (444) (60) (57)
Share of profits of associates 11 301 269 39 35
Profit before tax 5,054 3,968 648 509
Taxation 4(782) (500) (100) (64)
Profit for the year 4,272 3,468 548 445
Profit attributable to
Cathay Pacific shareholders 54,088 3,298 524 423
Minority interests 184 170 24 22
4,272 3,468 548 445
Dividends
Interim – paid 6786 676 101 87
Special – paid 61,259 –161 –
Final – proposed 61,259 947 161 121
3,304 1,623 423 208
Earnings per share
Basic 7115.9¢ 97.7¢ 14.9¢ 12.5¢
Diluted 7115.7¢ 97.4¢ 14.8¢ 12.5¢
Dividend per share 684.0¢ 48.0¢ 10.8¢ 6.2¢
The accounts are prepared and presented in HK$, the functional currency. The US$ figures are shown only as supplementary
information and are translated at HK$7.8.
The notes on pages 58 to 89 form part of these accounts.
Consolidated Profit and Loss Account