Singapore Airlines 2002 Annual Report Download - page 60

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60 SIA Annual Report 01/02
Profit and Loss Accounts
For the financial year ended 31 March 2002 (in $ million)
The Group The Company
Notes 2001 - 02 2000 - 01 2001 - 02 2000 - 01
REVENUE 9,372.3 9,823.0 7,694.7 9,116.7
Other income 3 75.5 128.3 70.3 113.0
TOTAL REVENUE 4 9,447.8 9,951.3 7,765.0 9,229.7
EXPENDITURE
Staff costs 31 1,779.2 2,093.4 1,128.9 1,347.0
Fuel costs 1,763.9 1,790.9 1,540.9 1,766.5
Depreciation 17 969.4 1,145.1 779.7 1,054.8
Provision for impairment of fixed assets 1.8 9.0 – –
Rentals on lease of aircraft 314.1 289.1 270.1 289.0
Commission and incentives 585.0 698.6 411.9 694.4
Crew expenses 100.4 102.1 100.7 102.6
Handling charges 548.2 455.0 756.5 891.0
Aircraft maintenance and overhaul costs 560.8 304.9 745.1 483.0
Inflight meals 217.8 235.1 388.0 404.9
Landing, parking and overflying charges 531.6 507.7 477.0 497.5
Material costs 314.1 231.4 – –
Advertising and sales costs 191.2 174.1 213.7 231.1
Other passenger costs 120.1 116.1 123.4 114.6
Insurance expenses 99.8 29.5 79.0 29.4
Company accommodation and utilities 140.7 132.3 90.4 88.8
Other operating expenses 226.3 290.3 177.4 251.7
8,464.4 8,604.6 7,282.7 8,246.3
OPERATING PROFIT 5 983.4 1,346.7 482.3 983.4
Finance charges 6 (44.0) (37.5) (46.9) (44.4)
Surplus on disposal of aircraft, spares
and spare engines 66.0 181.3 334.8 165.6
Dividends from subsidiary and associated
companies, gross 7 – – 138.6 59.8
Share of profits of joint venture companies 20.5 27.0 – –
Share of (losses)/profits of associated companies (66.2) 81.7 – –
PROFIT BEFORE EXCEPTIONAL ITEMS 959.7 1,599.2 908.8 1,164.4
Exceptional items 8 (34.1) 305.5 (168.1) 442.8
PROFIT BEFORE TAXATION 925.6 1,904.7 740.7 1,607.2
Taxation 9 (233.8) (242.4) (173.5) (185.0)
PROFIT AFTER TAXATION 691.8 1,662.3 567.2 1,422.2
Minority interests (60.1) (37.5) – –
PROFIT ATTRIBUTABLE TO SHAREHOLDERS 631.7 1,624.8 567.2 1,422.2
BASIC EARNINGS PER SHARE (CENTS) 11 51.9 132.7 46.6 116.1
DILUTED EARNINGS PER SHARE (CENTS) 11 51.9 132.6 46.6 116.1
The notes on pages 65 to 100 form an integral part of these financial statements.