Singapore Airlines 2001 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2001 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 110

  • 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

The directors have pleasure in presenting their report together with the audited financial statements of the Group and of the Company
for the financial year ended 31 March 2001.
1 Accounts (in $ million)
The Group The Company
2000 - 2001 1999 - 2000 2000 - 2001 1999 - 2000
Profit after taxation 1,587.3 1,167.4 1,339.7 1,267.1
Minority interests (38.0) (3.6) – –
Profit attributable to shareholders 1,549.3 1,163.8 1,339.7 1,267.1
In the opinion of the directors, the results of the operations of the Group and of the Company during the financial year have not
been affected by any item, transaction or event of a material and unusual nature apart from the exceptional items disclosed in note
6 to the financial statements.
2 Transfers to/from Reserves and Provisions
There were no other material transfers to or from reserves or provisions during the financial year except as disclosed in the financial
statements.
3 Dividends
The final dividend paid during the financial year in respect of the previous financial year and included in the previous directors’
report was $186.3 million.
An interim dividend of 15.0 cents per $1 ordinary share, less tax at 25.5% , amounting to $136.9 million, was paid on 22 November
2000. The directors propose that a final dividend of 20.0 cents per $1 ordinary share, less tax at 24.5% , amounting to $184.2
million, be paid.
4 Principal Activities
The principal activities of the Group and of the Company consist of air transportation, engineering services, airport terminal
services, training of pilots, air charters and tour wholesaling and related activities. There have been no significant changes in the
nature of these activities during the financial year under review.
5 Directors of the Company
(a) The names of the directors in office at the date of this report are:-
Michael Y O Fam – Chairman
Cheong Choong Kong – Deputy Chairman/Chief Executive Officer
Edmund Cheng Wai Wing
Lim Chee Onn
Tjong Yik Min
Moses Lee Kim Poo
Lim Boon Heng
Charles B Goode
Fock Siew Wah (appointed on 15.7.2000)
Ho Kwon Ping (appointed on 15.7.2000)
Davinder Singh (appointed on 15.7.2000)
Raymund Ng Teck Heng (appointed on 1.11.2000)
Koh Boon Hwee (appointed on 14.3.2001)
51 SIA annual report 00/01
Report by the Board of Directors