Singapore Airlines 2016 Annual Report Download - page 147

Download and view the complete annual report

Please find page 147 of the 2016 Singapore Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 232

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232

6 Operating Profit (in $ million)
Operating profit for the financial year was arrived at aer charging/(crediting):
The Group
FY2015/16 FY2014/15
Compensation for changes in aircraft delivery slots (136.7) (65.8)
Interest income from short-term investments (0.9) (0.8)
Dividend income from short-term investments (0.9) (0.9)
Income from operating lease of aircraft (46.9) (24.8)
Amortisation of deferred gain on sale and operating leaseback transactions (7.6) (5.7)
Loss/(Surplus) on disposal of short-term investments 5.1 (3.9)
Bad debts written off 1.1 6.3
(Writeback of impairment)/Impairment of trade debtors (4.7) 0.7
Remuneration for auditors of the Company
Audit fees 1.5 1.7
Non-audit fees 0.3 0.7
Exchange loss, net 106.2 113.1
Currency hedging gain (106.9) (35.1)
Fuel hedging loss recognised in “Fuel costs” 1,166.5 562.5
Ineffectiveness of fuel hedging contracts recognised in “Fuel Costs” 0.2 13.1
Ineffectiveness of cross currency swaps recognised in “Rentals on leased aircraft” 0.1 –
7 Finance Charges (in $ million)
The Group
FY2015/16 FY2014/15
Notes payable 36.9 39.7
Bank loans 11.4 3.8
Other receivables measured at amortised cost – 1.5
Finance lease commitments 0.8 1.9
Realised loss on interest rate swap contracts accounted for as cash flow hedges 0.6 2.1
Commitment fees 0.6 0.6
50.3 49.6
8 Interest Income (in $ million)
The Group
FY2015/16 FY2014/15
Interest income from fixed deposits and investments 69.2 65.5
Amortised interest income from other receivables 1.5 9.4
70.7 74.9
Annual Report FY2015/16 145