Cathay Pacific 2014 Annual Report Download - page 104

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Cathay Pacific Airways Limited
102 Statistics
2014 2013
Consolidated profit or loss summary HK$M
Passenger services 75,734 71,826
Cargo services 25,400 23,663
Catering, recoveries and other services 4,857 4,995
Turnover 105,991 100,484
Operating expenses (101,556) (96,724)
Operating profit/(loss) 4,435 3,760
Profit on disposal of investments ––
Gain on deemed disposal of an associate ––
Net finance charges (1,158) (1,019)
Share of profits/(losses) of associates 772 838
Profit/(loss) before taxation 4,049 3,579
Taxation (599) (675)
Profit/(loss) for the year 3,450 2,904
Profit attributable to non-controlling interests (300) (284)
Profit/(loss) attributable to the shareholders of Cathay Pacific 3,150 2,620
Dividends paid (1,022) (551)
Retained profit for the year 2,128 2,069
Consolidated statement of financial position summary HK$M
Fixed and intangible assets 108,789 104,737
Long-term receivables and investments 29,290 27,449
Borrowings (65,096) (67,052)
Liquid funds less bank overdrafts 21,098 27,736
Net borrowings (43,998) (39,316)
Net current liabilities
 (excluding liquid funds, bank overdrafts and current portion of borrowings) (23,611) (19,110)
Other long-term payables (9,354) (1,318)
Deferred taxation (9,263) (9,429)
Net assets 51,853 63,013
Financed by:
Funds attributable to the shareholders of Cathay Pacific 51,722 62,888
Non-controlling interests 131 125
Total equity 51,853 63,013
Per share
Shareholders’ funds HK$ 13.15 15.99
EBITDA HK$ 3.44 3.04
Earnings/(loss) HK cents 80.1 66.6
Dividend HK$ 0.36 0.22
Ratios
Profit/(loss) margin %3.0 2.6
Return on capital employed %4.7 4.0
Dividend cover Times 2.2 3.0
Cash interest cover Times 20.7 23.8
Gross debt/equity ratio Times 1.26 1.07
Net debt/equity ratio Times 0.85 0.63