Mandarin Oriental International Limited - Mandarin Oriental Hotel ...

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