Singapore Airlines 2009 Annual Report Download - page 174
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172
24 Joint Venture Companies (in $ million) (continued)
The Group’s share of the consolidated assets and liabilities, and results of joint venture companies are
as follows:
The Group
31 March
2009 2008
Assets and liabilities
Current assets 177.7 148.3
Non-current assets 63.8 47.6
241.5 195.9
Current liabilities (80.4) (63.5)
Non-current liabilities (33.6) (37.3)
(114.0) (100.8)
2008-09 2007-08
Results
Revenue 654.6 542.6
Expenses (590.7) (491.8)
63.9 50.8
The joint venture companies at 31 March are:
Percentage of
Country of equity held by
Principal incorporation and the Group
activities place of business 2009 2008
SembCorp Network Pte Ltd*+ Provision of logistics support Singapore 40.3 -
and services
International Engine Component Repair and overhaul of aero - do - 40.4 40.4
Overhaul Pte Ltd**+ engine components and parts
Singapore Aero Engine Services Repair and overhaul of aircraft engines - do - 40.4 40.4
Private Limited**+
* Audited by KPMG LLP, Singapore
** Audited by Ernst & Young LLP, Singapore
+ Financial year end 31 December
NOTES TO THE FINANCIAL STATEMENTS
31 March 2009