Hong Kong Airport Authority has reported an operating profit of HK$291 million ($37.3 million) for the year to the end of March after previously losing HK$36 million between the opening of the new Hong Kong International Airport at Chek Lap Kok (CLK) in July 1998 and the end of March 1999. Much of the improvement was achieved by adopting depreciation terms of 75 years for runways and terminals and 100 years for land instead of 50 years.
Source: Flight International