Singapore Airlines 2002 Annual Report Download - page 85

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Notes to the Financial Statements
31 March 2002
SIA Annual Report 01/02 85
18 Subsidiary Companies (in $ million)
The Company
31 March
2002 2001
Investment in subsidiary companies (at cost)
Quoted equity investments **
Unquoted equity investments 1,710.3 317.0
1,710.3 317.0
Impairment loss (9.8) (9.8)
1,700.5 307.2
Loans to subsidiary companies 693.2 722.3
Funds from subsidiary companies (712.1) (349.4)
1,681.6 680.1
Amounts owing by subsidiary companies 196.5 18.9
Amounts owing to subsidiary companies (243.6) (231.9)
1,634.5 467.1
Market value of quoted equity investments 3,506.1 2,227.2
*The value is $2
Loans to subsidiary companies are unsecured and have repayment terms of up to 10 years. Funds from subsidiary companies are
unsecured and have varying repayment terms. Interest on loans to subsidiary companies is computed using variously LIBOR, SIBOR
and SGD Swap-Offer Rates, and applying agreed margins. Interest on funds from subsidiary companies is computed using prevailing
market rates which range from 0.22% to 3.73% (2000-01: 1.06% to 3.88%) per annum for SGD funds, and from 1.70% to 5.25%
(2000-01: 4.92% to 6.80%) per annum for USD funds. Interest on loans to subsidiary companies is computed using variously LIBOR,
SIBOR and SGD Swap-Offer Rates, and applying agreed margins.
Amounts owing to/by subsidiary companies are trade-related and are interest-free.