Cathay Pacific 2007 Annual Report Download - page 48

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Consolidated Profit and Loss Account
for the year ended 31st December 2007
Note
2007
HK$M
2006
HK$M
2007
US$M
2006
US$M
Turnover
Passenger services 45,129 35,155 5,786 4,507
Cargo services 16,238 14,251 2,082 1,827
Catering, recoveries and other services 13,991 11,377 1,793 1,459
Total turnover 175,358 60,783 9,661 7,793
Expenses
Staff (12,142) (9,950) (1,557) (1,276)
Inflight service and passenger expenses (2,903) (2,347) (372) (301)
Landing, parking and route expenses (9,950) (8,066) (1,276) (1,034)
Fuel (24,624) (20,214) (3,157) (2,592)
Aircraft maintenance (6,830) (5,330) (875) (683)
Aircraft depreciation and operating leases (6,369) (5,283) (817) (677)
Other depreciation and operating leases (998) (862) (128) (111)
Commissions (860) (668) (110) (86)
Others (2,943) (2,845) (377) (364)
Operating expenses (67,619) (55,565) (8,669) (7,124)
Operating profit 37,739 5,218 992 669
Finance charges (2,451) (1,818) (314) (233)
Finance income 1,664 1,353 213 173
Net finance charges 4(787) (465) (101) (60)
Share of profits of associates 12 1,057 301 136 39
Profit before tax 8,009 5,054 1,027 648
Taxation 5(799) (782) (103) (100)
Profit for the year 7,210 4,272 924 548
Profit attributable to
Cathay Pacific shareholders 67,023 4,088 900 524
Minority interests 187 184 24 24
7,210 4,272 924 548
Dividends
Interim – paid 7985 786 126 101
Special – paid 7–1,259 –161
Final – proposed 72,325 1,260 298 162
3,310 3,305 424 424
Earnings per share
Basic 8178.3¢ 115.9¢ 22.9¢ 14.9¢
Diluted 8178.1¢ 115.7¢ 22.8¢ 14.8¢
Dividend per share 784.0¢ 84.0¢ 10.8¢ 10.8¢
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 54 to 89 form part of these accounts.
Cathay Pacific Airways Limited Annual Report 2007
46