Cathay Pacific 2009 Annual Report Download - page 62

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2. Segment information (continued)
The Group’s two reportable segments are classified according to the nature of the business. The airline business
segment comprises the Group’s passenger and cargo operations. The non-airline business segment includes
mainly catering, ground handling and aircraft ramp handling services.
The major revenue earning asset is the aircraft fleet which is jointly used by the passenger and cargo services.
Management considers that there is no suitable basis for allocating such assets and related operating
costs between the two segments. Accordingly, passenger and cargo services are not disclosed as separate
business segments.
Inter-segment sales are based on prices set on an arm’s length basis.
(b) Geographical information
2009
HK$M
2008
(restated)
HK$M
Turnover by origin of sale:
North Asia
– Hong Kong and Mainland China 28,880 35,968
– Japan, Korea and Taiwan 8,413 12,176
Southwest Pacific and South Africa 4,712 6,136
Europe 7,920 10,658
Southeast Asia and Middle East 8,601 9,922
North America 8,452 11,703
66,978 86,563
Southwest Pacific and South Africa includes Australia, New Zealand and Southern Africa. Southeast Asia and
Middle East includes Singapore, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, Indian sub-continent and
Middle East. Europe includes Continental Europe, the United Kingdom, Scandinavia, Russia, Baltic and Turkey.
North America includes U.S.A., Canada and Latin America.
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.
Notes to the Accounts STATEMENT OF COMPREHENSIVE INCOME
60