Singapore Airlines 2001 Annual Report Download - page 89

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87 SIA annual report 00/01
Notes to the Financial Statements
31 March 2001
19 Long-Term Investments (in $ million)
The Group The Company
31 M arch 31 M arch
2001 2000 2001 2000
Quoted at cost
Equity investments 28.7 28.6 28.7 28.6
Non-equity investments 340.9 303.3 340.9 303.3
369.6 331.9 369.6 331.9
Unquoted investments at cost
Trade investments 77.7 88.9 42.8 54.9
Non-equity investments 70.3 77.3 70.3 77.3
148.0 166.2 113.1 132.2
Writedown for diminution in value/losses (20.3) (15.3) (15.4) (1.0)
127.7 150.9 97.7 131.2
Long-term loan 58.7 55.0 – –
556.0 537.8 467.3 463.1
Market value of quoted investments
Equity investments 38.7 45.3 38.7 45.3
Non-equity investments 337.7 299.2 337.7 299.2
376.4 344.5 376.4 344.5
During the financial year, a convertible loan of $37.5 million previously included under trade investments was substantially
converted into equity in an associated company, Ritz-Carlton, Millenia Singapore Properties Private Limited (refer note 17 to the
financial statements).
20 Trade Debtors (in $ million)
Trade debtors are stated after deducting provision for doubtful debts. An analysis of the provision for doubtful debts is as follows:-
The Group The Company
31 M arch 31 M arch
2001 2000 2001 2000
Balance at 1 April 111.9 131.1 56.4 56.5
(Writeback)/charged to profit and loss account (20.2) (10.7) 3.4 (0.1)
Writeback against deferred income – (8.5) – –
Balance at 31 March 91.7 111.9 59.8 56.4
Bad debts (recovered)/written-off directly to
profit and loss account (5.8) 3.7 1.1 1.9
Loans to directors of the Company and its subsidiary companies in accordance with schemes approved by shareholders of the
Company amounted to $0.9 million (2000 : $1.1 million).
21 Stocks (in $ million)
The Group The Company
31 M arch 31 M arch
2001 2000 2001 2000
Technical stocks and stores 16.2 17.5 6.3 5.7
Catering and general stocks 30.1 29.2 20.2 22.7
Work-in-progress 8.1 10.0 – –
54.4 56.7 26.5 28.4