Singapore Airlines 2004 Annual Report Download - page 98

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96 SIA Annual Report 03/04
Notes to the Financial Statements
31 March 2004
20 Associated Companies (in $ million) (continued)
Country of Percentage of
incorporation Cost equity held by
and place (in $ million) the Group
Principal activities of business 2004 2003 2004 2003
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Pan Asia Pacific Aviation Operation of aircraft Hong Kong 5.37 5.37 40.8 40.9
Services Limited maintenance activities
Messier Services Asia Repair and overhaul of Singapore 13.97 13.97 34.6 34.8
Pte Ltd landing gear
Rohr Aero Services-Asia Repair and overhaul of – do – 37.23 37.23 34.6 34.8
Pte Ltd @aircraft nacelles, thrust
reversers and pylons
Asian Surface Fan blade repair and coating – do – 6.38 6.38 25.1 25.0
Technologies Pte Ltd services
Asian Compressor Repair of aircraft engines and Taiwan 4.10 4.10 21.2 21.3
Technology Services compressors
Company Limited
Turbine Coating Services Perform PW4000 turbine Singapore 5.67 5.67 21.2 21.3
Pte Ltd airfoil repair
International Aerospace Repair aerospace tube, ducts – do – 3.58 3.58 28.9 29.0
Tubes Asia Pte Ltd and manifolds
PT JAS Aero-Engineering Operation of aircraft Indonesia 3.67 – 42.4 –
Services maintenance
PT Purosani Sri Persada Hotel ownership and – do – 5.80 5.80 20.0 20.0
management
PT Pantai Indah Tateli Hotel ownership and – do – 7.10 7.10 20.0 20.0
management
@ Audited by Ernst & Young, Singapore.
@@ Audited by associated firms of Ernst & Young, Singapore.
* Audited by KPMG LLP United Kingdom.
** Audited by S.B.Billimoria & Co.
^ Audited by Pricewaterhouse Coopers, Hong Kong.
^^ Audited by Pricewaterhouse Coopers, Singapore.
# The value is $1.
21 Joint Venture Companies (in $ million)
The Group The Company
31 March 31 March
2004 2003 2004 2003
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Investment in joint venture companies (unquoted, at cost) 196.9 176.4 140.3 118.8
Share of post acquisition reserves
– general reserve 94.3 88.2 – –
– foreign currency translation reserve 8.9 24.1 – –
– capital reserve 9.1 7.7 – –
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
309.2 296.4 140.3 118.8
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Amounts owing by joint venture companies – 1.0 – –
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––