Singapore Airlines 2013 Annual Report Download - page 168

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166
SINGAPORE AIRLINES
NOTES TO THE FINANCIAL STATEMENTS
31 Investments (in $ million)
The Group The Company
31 March 31 March
2013 2012 2013 2012
Available-for-sale investments
Quoted
Government securities 2.5 4.1 - -
Equity investments 34.5 32.8 - -
Non-equity investments 279.5 232.0 256.5 209.0
316.5 268.9 256.5 209.0
Unquoted
Government securities - 307.5 - 307.5
Non-equity investments 20.0 19.9 20.0 19.9
20.0 327.4 20.0 327.4
336.5 596.3 276.5 536.4
Held-to-maturity investments
Quoted non-equity investments 12.9 13.8 12.9 13.8
Unquoted non-equity investments - 15.0 - 15.0
12.9 28.8 12.9 28.8
349.4 625.1 289.4 565.2
The Group’s non-equity investments comprise investments in government securities, corporate bonds, credit-linked notes
and money market funds.
The interest rates for quoted government securities range from 1.63% to 4.00% (2011-12: 1.63% to 4.00%) per annum.
The interest rates for quoted non-equity investments range from 0.05% to 5.88% (2011-12: 0.12% to 5.88%) per annum,
while unquoted non-equity investments yield an interest rate of 1.15% (2011-12: 1.00% to 1.06%) per annum. During the
previous financial year, the interest rates for unquoted government securities ranged from 0.27% to 0.39% per annum.
32 Cash and Bank Balances (in $ million)
The Group The Company
31 March 31 March
2013 2012 2013 2012
Fixed deposits 4,692.4 4,260.6 4,666.8 4,234.0
Cash and bank 367.2 442.1 167.5 216.7
5,059.6 4,702.7 4,834.3 4,450.7
As at 31 March 2013, the composition of cash and bank balances held in foreign currencies by the Group is as follows:
USD – 6.8% (2012: 10.8%), EUR – 1.9% (2012: 1.6%) and AUD – 2.8% (2012: 0.8%).
Cash at bank earns interest at floating rates based on daily bank deposit rates ranging from nil to 3.22% (2011-12: 0.01%
to 5.40%) per annum. Short-term deposits are made for varying periods of between one day and one year depending on
the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates. The weighted
average effective interest rate for short-term deposits is 0.57% (2011-12: 0.55%) per annum.
31 March 2013