Mandarin Oriental International Limited - Mandarin Oriental Hotel ...
Mandarin Oriental International Limited - Mandarin Oriental Hotel ...
Mandarin Oriental International Limited - Mandarin Oriental Hotel ...
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42<br />
NOTES TO THE FINANCIAL STATEMENTS CONTINUED<br />
3 Net financing charges<br />
Company and subsidiaries<br />
MANDARIN ORIENTAL INTERNATIONAL LIMITED<br />
2005 2004<br />
US$m US$m<br />
Interest income<br />
Interest expense<br />
3.0 0.6<br />
– Bank loans (22.6) (19.2)<br />
– Convertible bonds (refer note 16a) – (6.5)<br />
– Finance leases (1.5) (1.6)<br />
(24.1) (27.3)<br />
Commitment and other fees (1.3) (0.8)<br />
4 Share of results of associates and joint ventures<br />
(22.4) (27.5)<br />
Net<br />
Operating financing Net<br />
profit/(loss) charges Tax profit/(loss)<br />
US$m US$m US$m US$m<br />
2005<br />
Analysis by geographical area<br />
– Hong Kong and Macau 4.2 (0.3) (0.3) 3.6<br />
– Other Asia 10.1 (2.6) (1.3) 6.2<br />
– The Americas 4.8 (5.9) – (1.1)<br />
19.1 (8.8) (1.6) 8.7<br />
Analysis by activity<br />
– <strong>Hotel</strong> ownership 18.0 (8.8) (1.2) 8.0<br />
– Other 1.1 – (0.4) 0.7<br />
19.1 (8.8) (1.6) 8.7<br />
2004<br />
Analysis by geographical area<br />
– Hong Kong and Macau 2.7 (0.1) – 2.6<br />
– Other Asia 18.4 (2.3) (0.5) 15.6<br />
– The Americas (0.6) (5.0) – (5.6)<br />
20.5 (7.4) (0.5) 12.6<br />
Analysis by activity<br />
– <strong>Hotel</strong> ownership 17.3 (7.5) (0.1) 9.7<br />
– Other 3.2 0.1 (0.4) 2.9<br />
20.5 (7.4) (0.5) 12.6