Cathay Pacific 2010 Annual Report Download - page 54

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52
Note
2010
HK$M
2009
HK$M
2010
US$M
2009
US$M
Turnover
Passenger services 59,354 45,920 7,609 5,887
Cargo services 25,901 17,255 3,321 2,212
Catering, recoveries and other services 4,269 3,803 547 488
Total turnover 189,524 66,978 11,477 8,587
Expenses
Staff (13,850) (12,618) (1,776) (1,618)
Inflight service and passenger expenses (3,308) (2,915) (424) (374)
Landing, parking and route expenses (11,301) (10,458) (1,449) (1,341)
Fuel (28,276) (17,349) (3,625) (2,224)
Aircraft maintenance (7,072) (6,567) (907) (842)
Aircraft depreciation and operating leases (8,288) (7,978) (1,062) (1,023)
Other depreciation, amortisation and operating leases (1,107) (1,103) (142) (141)
Commissions (736) (571) (94) (73)
Others (4,533) (2,940) (581) (377)
Operating expenses (78,471) (62,499) (10,060) (8,013)
Operating profit before non-recurring items 11,053 4,479 1,417 574
Profit on disposal of investments 32,165 1,254 278 161
Gain on deemed disposal of an associate 4868 –111 –
Operating profit 514,086 5,733 1,806 735
Finance charges (1,655) (1,435) (212) (184)
Finance income 677 588 87 75
Net finance charges 6(978) (847) (125) (109)
Share of profits of associates 15 2,587 261 331 33
Profit before tax 15,695 5,147 2,012 659
Taxation 7(1,462) (283) (187) (36)
Profit for the year 14,233 4,864 1,825 623
Other comprehensive income
Cash flow hedges (488) 329 (62) 42
Revaluation (deficit)/surplus arising from available-for-sale
financial assets (15) 479 (2) 62
Share of other comprehensive income of associates (131) 11 (17) 1
Exchange differences on translation of foreign operations 313 840 1
Other comprehensive income for the year, net of tax 8(321) 827 (41) 106
Total comprehensive income for the year 13,912 5,691 1,784 729
Profit attributable to
Owners of Cathay Pacific 914,048 4,694 1,801 601
Non-controlling interests 185 170 24 22
14,233 4,864 1,825 623
Total comprehensive income attributable to
Owners of Cathay Pacific 13,727 5,521 1,760 707
Non-controlling interests 185 170 24 22
13,912 5,691 1,784 729
Earnings per share (basic and diluted) 10 357.1¢ 119.3¢ 45.8¢ 15.3¢
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 58 to 97 and the principal accounting policies on pages 48 to 51 form part of these accounts.
Consolidated Statement of Comprehensive Income
for the year ended 31st December 2010