Cathay Pacific 2011 Annual Report Download - page 100

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2011 2010
Consolidated profit and loss summary HK$M
Passenger services 67,778 59,354
Cargo services 25,980 25,901
Catering, recoveries and other services 4,648 4,269
Turnover 98,406 89,524
Operating expenses (92,906) (78,471)
Operating profit/(loss) 5,500 11,053
Profit on disposal of investments –2,165
Gain on deemed disposal of an associate –868
Net finance charges (744) (978)
Share of profits/(losses) of associates 1,717 2,587
Profit/(loss) before tax 6,473 15,695
Taxation (803) (1,462)
Profit/(loss) for the year 5,670 14,233
Profit attributable to non-controlling interests (169) (185)
Profit/(loss) attributable to owners of Cathay Pacific 5,501 14,048
Dividends paid (3,777) (1,691)
Movement in retained profit/(loss) for the year 1,724 12,357
Consolidated statement of financial position summary HK$M
Fixed and intangible assets 82,099 74,116
Long-term receivables and investments 23,677 17,285
Borrowings (43,335) (39,629)
Liquid funds less bank overdrafts 19,597 24,194
Net borrowings (23,738) (15,435)
Net current liabilities (excluding liquid funds and bank overdrafts) (16,685) (14,022)
Other long-term payables (2,612) (1,700)
Deferred taxation (6,797) (5,815)
Net assets 55,944 54,429
Financed by:
Funds attributable to owners of Cathay Pacific 55,809 54,274
Non-controlling interests 135 155
Total equity 55,944 54,429
Per share
Shareholders’ funds HK$ 14.19 13.80
EBITDA HK$ 3.40 5.85
Earnings/(loss) HK cents 139.8 357.1
Dividend HK$ 0.52 1.11
Ratios
Profit/(loss) margin %5.6 15.7
Return on capital employed %8.6 22.0
Dividend cover Times 2.7 3.2
Cash interest cover Times 41.7 35.2
Gross debt/equity ratio Times 0.78 0.73
Net debt/equity ratio Times 0.43 0.28
Statistics
98