Cathay Pacific 2010 Annual Report Download - page 100

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98
2010 2009
Consolidated profit and loss summary HK$M
Passenger services 59,354 45,920
Cargo services 25,901 17,255
Catering, recoveries and other services 4,269 3,803
Turnover 89,524 66,978
Operating expenses (78,471) (62,499)
Operating profit/(loss) 11,053 4,479
Profit on disposal of investments 2,165 1,254
Gain on deemed disposal of an associate 868 –
Settlement of the United States Department of Justice cargo
investigations ––
Net finance charges (978) (847)
Share of profits/(losses) of associates 2,587 261
Profit/(loss) before tax 15,695 5,147
Taxation (1,462) (283)
Profit/(loss) for the year 14,233 4,864
Profit attributable to non-controlling interests (185) (170)
Profit/(loss) attributable to owners of Cathay Pacific 14,048 4,694
Dividends paid (1,691) –
Retained profit/(loss) for the year 12,357 4,694
Consolidated statement of financial position summary HK$M
Fixed and intangible assets 74,116 73,345
Long-term receivables and investments 17,285 14,349
Borrowings (39,629) (42,642)
Liquid funds less bank overdrafts 24,194 16,511
Net borrowings (15,435) (26,131)
Net current liabilities (excluding liquid funds and bank overdrafts) (14,022) (12,864)
Other long-term payables (1,700) (1,059)
Deferred taxation (5,815) (5,255)
Net assets 54,429 42,385
Financed by:
Funds attributable to owners of Cathay Pacific 54,274 42,238
Non-controlling interests 155 147
Total equity 54,429 42,385
Per share
Shareholders’ funds HK$ 13.80 10.74
EBITDA HK$ 5.85 2.97
Earnings/(loss) HK cents 357.1 119.3
Dividend HK cents 111.0 10.0
Ratios
Profit/(loss) margin %15.7 7.0
Return on capital employed %22.0 8.7
Dividend cover Times 3.2 11.9
Cash interest cover Times 35.2 5.1
Gross debt/equity ratio Times 0.73 1.01
Net debt/equity ratio Times 0.28 0.62
Statistics