Cathay Pacific Analysis
Financial numbers past five years:
1. Total Sales (US$M) | 2009 | 2008 | 2007 | 2006 | 2005 | Sales | 8587 | 11098 | 9661 | 7793 | 6527 |
Sales comprises revenue and surcharges from transportation services, airline catering, recoveries and other services provided to third parties. As we can see, the whole trend is increas with a peak in 2008 of US$11098, and a big down in 2009 with US$8587.
2. Total Comprehensensive Profit | 2009 | 2008 | 2007 | 2006 | 2005 | Profit | 729 | (1209) | 924 | 548 | 445 |
The most notable thing is that highes sales in 2008 generate a lowest profit with a minus US$1209. Besides the effect from international economic climate, there maybe something wrong in cost control.
3. Total Asset | 2009 | 2008 | 2007 | 2006 | 2005 | Asset | 12668 | 14710 | 15083 | 13217 | 10032 |
Total asset includes:
Non-current assets Fixed assets
Intangible assets
Investments in associates
Other long-term receivables and investments
Current assets Stock Trade and other receivables Liquid funds
Year 2008 rank No.1 in this index. And asset in 2009 is less than that in 2007, annual report adress that during the depression, Cathay Pacific tried to kept its profit by cutting expenditure and selling assets. We cannot judge the performance through a sole number. Fewer assets means less capacity or smaller scale, however, fewer assets also results in less cost and efficient operating.
4. Total Liability | 2009 | 2008 | 2007 | 2006 | 2005 | Liability | (8495) | (9781) | (8580) | (7357) | (5513) |
Total liability includes: Long-term liabilities;
Related pledged security deposits;
Net long-term liabilities;
And so on
Comparing five years’ number, liability in 2005 and 2006 is much fewer than that of year 2007, 2008 and 2009, but the profit growth between those three years is less than rate between 2005, 2006 and 2007.
5. Total Equity | 2009 | 2008 | 2007 | 2006 | 2005 | Equity | 4173 |
1. Total Sales (US$M) | 2009 | 2008 | 2007 | 2006 | 2005 | Sales | 8587 | 11098 | 9661 | 7793 | 6527 |
Sales comprises revenue and surcharges from transportation services, airline catering, recoveries and other services provided to third parties. As we can see, the whole trend is increas with a peak in 2008 of US$11098, and a big down in 2009 with US$8587.
2. Total Comprehensensive Profit | 2009 | 2008 | 2007 | 2006 | 2005 | Profit | 729 | (1209) | 924 | 548 | 445 |
The most notable thing is that highes sales in 2008 generate a lowest profit with a minus US$1209. Besides the effect from international economic climate, there maybe something wrong in cost control.
3. Total Asset | 2009 | 2008 | 2007 | 2006 | 2005 | Asset | 12668 | 14710 | 15083 | 13217 | 10032 |
Total asset includes:
Non-current assets Fixed assets
Intangible assets
Investments in associates
Other long-term receivables and investments
Current assets Stock Trade and other receivables Liquid funds
Year 2008 rank No.1 in this index. And asset in 2009 is less than that in 2007, annual report adress that during the depression, Cathay Pacific tried to kept its profit by cutting expenditure and selling assets. We cannot judge the performance through a sole number. Fewer assets means less capacity or smaller scale, however, fewer assets also results in less cost and efficient operating.
4. Total Liability | 2009 | 2008 | 2007 | 2006 | 2005 | Liability | (8495) | (9781) | (8580) | (7357) | (5513) |
Total liability includes: Long-term liabilities;
Related pledged security deposits;
Net long-term liabilities;
And so on
Comparing five years’ number, liability in 2005 and 2006 is much fewer than that of year 2007, 2008 and 2009, but the profit growth between those three years is less than rate between 2005, 2006 and 2007.
5. Total Equity | 2009 | 2008 | 2007 | 2006 | 2005 | Equity | 4173 |