Cathay Pacific 2008 Annual Report Download - page 52

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Consolidated Statement of
Comprehensive Income
for the year ended 31st December 2008
Cathay Pacific Airways Limited Annual Report 2008
Note
2008
HK$M
2007
HK$M
2008
US$M
2007
US$M
Turnover
Passenger services 58,046 49,520 7,442 6,349
Cargo services 24,623 21,783 3,157 2,792
Catering, recoveries and other services 3,909 4,055 501 520
Total turnover 186,578 75,358 11,100 9,661
Expenses
Staff (12,428) (12,142) (1,593) (1,557)
Inflight service and passenger expenses (3,336) (2,903) (428) (372)
Landing, parking and route expenses (11,039) (9,950) (1,415) (1,276)
Fuel (47,317) (24,624) (6,066) (3,157)
Aircraft maintenance (7,643) (6,830) (980) (875)
Aircraft depreciation and operating leases (7,211) (6,369) (925) (817)
Other depreciation and operating leases (1,060) (998) (136) (128)
Commissions (851) (860) (109) (110)
Others (3,154) (2,943) (404) (377)
Operating expenses (94,039) (67,619) (12,056) (8,669)
Operating (loss)/profit before non-recurring items (7,461) 7,739 (956) 992
Settlement of the United States Department of Justice
cargo investigations 3(468) –(60) –
Operating (loss)/profit 4(7,929) 7,739 (1,016) 992
Finance charges (2,428) (2,451) (311) (314)
Finance income 1,416 1,664 181 213
Net finance charges 5(1,012) (787) (130) (101)
Share of (losses)/profits of associates 14 (730) 1,057 (93) 136
(Loss)/profit before tax (9,671) 8,009 (1,239) 1,027
Taxation 61,337 (799) 171 (103)
(Loss)/profit for the year (8,334) 7,210 (1,068) 924
Other comprehensive income
Cash flow hedges (1,035) (57) (131) (7)
Revaluation (deficit)/surplus arising from available-for-sale
financial assets (430) 162 (55) 21
Share of other comprehensive income of associates (154) (309) (22) (40)
Exchange differences on translation of foreign operations 524 557 67 72
Other comprehensive income for the year, net of tax 7(1,095) 353 (141) 46
Total comprehensive income for the year (9,429) 7,563 (1,209) 970
(Loss)/profit attributable to
Owners of Cathay Pacific 8(8,558) 7,023 (1,097) 900
Minority interests 224 187 29 24
(8,334) 7,210 (1,068) 924
Total comprehensive income attributable to
Owners of Cathay Pacific (9,653) 7,376 (1,238) 946
Minority interests 224 187 29 24
(9,429) 7,563 (1,209) 970
(Loss)/earnings per share
Basic 9(217.5)¢ 178.3¢ (27.9)¢ 22.9¢
Diluted 9(217.5)¢ 178.1¢ (27.9)¢ 22.8¢
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 56 to 93 form part of these accounts.
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