Cathay Pacific 2006 Annual Report Download - page 60

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Cathay Pacific Airways Limited Annual Report 2006
58
Notes to the Accounts
1. Turnover
Turnover comprises revenue from transportation services, airline catering, recoveries and other services provided
to third parties.
(a) Primary reporting by geographical segment
2006
HK$M
2005
HK$M
Turnover by origin of sale:
North Asia
– Hong Kong and Mainland China 24,855 20,256
– Japan, Korea and Taiwan 9,757 8,432
South West Pacific and South Africa 4,015 3,747
South East Asia and Middle East 7,019 5,870
Europe 7,016 6,150
North America 8,121 6,454
60,783 50,909
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.
Profit and Loss Account