Singapore Airlines 2013 Annual Report Download - page 70

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068
SINGAPORE AIRLINES
FINANCIAL REVIEW
Performance of the Group (continued)
Financial Position
As at 31 March 2013, equity attributable to owners of the Parent increased by $211 million or 1.6 per cent to $13,105 million
due mainly to profit for the financial year (+$379 million), partially offset by the payment of final dividend of 2011-12
(-$118 million) and payment of 2012-13 interim dividend (-$70 million).
Total Group assets increased by $385 million or 1.7 per cent to $22,428 million as at 31 March 2013 mainly due to the
increase in cash and bank balances by $357 million. The higher cash and bank balances arose principally from operational cash
flows, partly reduced by capital expenditure, net of proceeds from sale of aircraft, spares and spare engines. Net asset value per
share was up 1.7 per cent to $11.15.
The Group’s net liquid assetsR1 increased by $145 million to $4,395 million as at 31 March 2013, largely due to higher cash
and bank balances. Total debt to equity ratio remained flat at 0.08 times as at 31 March 2013.
R1 Net liquid assets is defined as the sum of cash and bank balances, investments, and net of finance lease commitments, loans and bonds issued.
Group Equity Holders’ Funds, Total Assets
and Net Asset Value (NAV) per Share
$ Million
30,000
20,000
25,000
15,000
10,000
5,000
0
Dollars
2
4
6
8
10
12
14
0
2009 2010 2011 2012 2013
Group Net Liquid Assets
$ Million
6,000
4,000
5,000
3,000
2,000
1,000
0
$ Million
1,000
2,000
3,000
4,000
5,000
6,000
0
2009 2010 2011 2012 2013