Singapore Airlines 2004 Annual Report Download - page 67

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65
SIA Annual Report 03/04
Balance Sheets
At 31 March 2004 (in $ million)
The Group The Company
Notes 2004 2003 2004 2003
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
SHARE CAPITAL
Authorized 13 3,000.0 3,000.0 3,000.0 3,000.0
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Issued and fully paid 13 609.1 609.1 609.1 609.1
RESERVES
Distributable
General reserve 10,282.6 9,539.1 9,805.0 9,485.3
Foreign currency translation reserve 19.8 41.3 – –
Non-distributable
Share premium 447.2 447.2 447.2 447.2
Capital redemption reserve 64.4 64.4 64.4 64.4
Capital reserve 32.0 7.7 – –
10,846.0 10,099.7 10,316.6 9,996.9
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
SHARE CAPITAL AND RESERVES 11,455.1 10,708.8 10,925.7 10,606.0
MINORITY INTERESTS 304.1 267.5 – –
DEFERRED ACCOUNT 14 446.7 523.1 391.2 462.7
DEFERRED TAXATION 15 2,175.3 2,251.0 1,742.1 1,807.9
LONG-TERM LIABILITIES 16 2,207.2 1,879.6 1,457.0 1,483.9
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
16,588.4 15,630.0 14,516.0 14,360.5
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Represented by:
FIXED ASSETS 17
Aircraft, spares and spare engines 12,464.5 11,723.6 9,647.4 9,345.6
Land and buildings 1,017.9 1,057.5 338.9 360.9
Others 2,082.4 2,624.9 1,479.9 1,951.6
15,564.8 15,406.0 11,466.2 11,658.1
GOODWILL ON CONSOLIDATION 18 1.4 1.5 – –
SUBSIDIARY COMPANIES 19 – – 1,936.5 2,291.0
ASSOCIATED COMPANIES 20 517.5 500.7 1,722.7 1,721.8
JOINT VENTURE COMPANIES 21 309.2 296.4 140.3 118.8
LONG-TERM INVESTMENTS 22 475.2 569.6 402.4 489.4
CURRENT ASSETS
Section 44 tax prepayments 239.8 287.9 239.8 287.9
Stocks 23 61.5 80.8 26.2 29.0
Trade debtors 24 1,171.5 1,071.9 757.3 651.9
Amounts owing by associated companies – net 20 0.4 – – –
Amounts owing by joint venture companies 21 – 1.0 – –
Investments 25 130.2 148.3 – –
Cash and bank balances 26 1,518.5 819.9 1,090.6 428.7
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
3,121.9 2,409.8 2,113.9 1,397.5
Less: CURRENT LIABILITIES
Sales in advance of carriage 999.0 849.6 936.8 798.6
Deferred revenue 206.4 205.3 206.4 205.3
Current tax payable 181.7 283.0 105.0 211.8
Trade creditors 27 1,921.1 1,928.3 1,309.6 1,207.0
Amounts owing to subsidiary companies – net 19 – – 686.8 844.3
Amounts owing to associated companies – net 20 – 19.5 – 20.0
Finance lease commitments-repayable within one year 16 41.5 13.0 – –
Loans-repayable within one year 16 24.8 224.7 – –
Bank overdrafts 28 27.1 30.6 21.4 29.1
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
3,401.6 3,554.0 3,266.0 3,316.1
NET CURRENT LIABILITIES (279.7) (1,144.2) (1,152.1) (1,918.6)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
16,588.4 15,630.0 14,516.0 14,360.5
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
The notes on pages 70 to 107 form an integral part of these financial statements.