Cathay Pacific 2010 Annual Report Download - page 60

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58
1. Turnover
Turnover comprises revenue and surcharges from transportation services, airline catering, recoveries and other
services provided to third parties.
2. Segment information
(a) Segment results
Airline business Non-airline business Unallocated Total
2010
HK$M
2009
HK$M
2010
HK$M
2009
HK$M
2010
HK$M
2009
HK$M
2010
HK$M
2009
HK$M
Profit or loss
Sales to external
customers 88,542 66,080 982 898 89,524 66,978
Inter-segment sales ––1,343 1,252 1,343 1,252
Segment revenue 88,542 66,080 2,325 2,150 90,867 68,230
Segment results 13,962 5,638 124 95 14,086 5,733
Net finance charges (971) (839) (7) (8) (978) (847)
12,991 4,799 117 87 13,108 4,886
Share of profits of
associates 2,587 261 2,587 261
Profit before tax 15,695 5,147
Taxation (1,448) (269) (14) (14) (1,462) (283)
Profit for the year 14,233 4,864
Other segment
information
Depreciation and
amortisation 6,206 5,534 145 150 6,351 5,684
Purchase of fixed and
intangible assets 7,175 6,745 1,124 31 8,299 6,776
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 used both for 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.
Notes to the Accounts STATEMENT OF COMPREHENSIVE INCOME