Singapore Airlines 2004 Annual Report Download - page 81

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79
SIA Annual Report 03/04
Notes to the Financial Statements
31 March 2004
6 Operating Profit (in $ million)
Operating profit for the financial year was arrived at after charging/(crediting):
The Group
2003-04 2002-03
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Interest income from short-term investments (0.4) (0.4)
Dividend income from short-term investments (0.5) (0.5)
(Surplus)/loss on disposal of short-term investments (2.6) 0.9
Income from lease of aircraft (31.7) (7.3)
(Write-back of)/provision for diminution in value of short-term investments (2.2) 2.1
Amortization of deferred gain on sale and leaseback transactions (131.8) (134.7)
Professional fees paid to a firm of which a director is a member **
Remuneration for auditors of the Company
Audit fees 1.0 1.0
Non-audit fees 1.0 1.4
Exchange losses, net 41.6 7.5
* Amount less than $0.1 million.
7 Finance Charges (in $ million)
The Group
2003-04 2002-03
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Interest expense:
– notes payable 37.3 31.2
– loans 8.0 6.2
– finance lease commitments 18.3 16.3
– others 0.3 0.1
––––––––––––––––––––––––––––––––
63.9 53.8
Commitment fees 1.2 0.9
––––––––––––––––––––––––––––––––
65.1 54.7
––––––––––––––––––––––––––––––––
8 Interest Income (in $ million)
The Group
2003-04 2002-03
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Fixed deposits 24.9 22.4
Quoted non-equity investments 5.1 6.9
Unquoted non-equity investments 0.6 0.9
Associated companies 0.1 1.1
Others 1.8 2.4
––––––––––––––––––––––––––––––––
32.5 33.7
––––––––––––––––––––––––––––––––