Singapore Airlines 2002 Annual Report Download - page 100

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100
Notes to the Financial Statements
31 March 2002
SIA Annual Report 01/02
35 Comparative Figures (in $ million)
The presentation and classification of items in the financial statements have been changed to conform to the requirements of SAS 10
(2000) Events After the Balance Sheet Date, SAS 12 (2001) Income Taxes, SAS 17 (2001) Employee Benefits, SAS 22 (2000)
Business Combinations, SAS 31 (2000) Provisions, Contingent Liabilities and Contingent Assets, SAS 32 Financial Instruments:
Disclosure and Presentation and SAS 36 Impairment of Assets.
As a result, additional line items and disclosures have been included in the notes to the financial statements and the statement of
changes in equity as required by these standards. Also, see note 2 for financial effects arising from the adoption of these standards.
Where required, comparative figures have been adjusted to provide proper comparison with the current year’s presentation.
The corporatization of Singapore Airlines Cargo took effect from 1 July 2001. The Company’s revenue for 2001-02 includes cargo
revenue for the first 3 months of April to June 2001, and bellyhold revenue from Singapore Airlines Cargo for the period July 2001 to
March 2002. Financial results for July 2000 to March 2001 have been restated to exclude cargo operations and to include notional
bellyhold revenue to allow meaningful year-on-year comparisons:
The Company
2001 - 02 2000 - 01
(Restated)
Revenue 7,765.0 8,265.4
Expenditure (7,282.7) (7,357.3)
Operating Profit 482.3 908.1