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76 SIA Annual Report 02/03
Notes to the Financial Statements
31 March 2003
3 Segment Information (in $ million)
Business segments
The Group’s businesses are organized and managed separately according to the nature of the services provided.
The following tables present revenue and profit information regarding business segments for the financial years ended
31 March 2003 and 2002 and certain assets and liabilities information of the business segments as at those dates.
Airline operations Airport terminal services
2002-03 2001-02 2002-03 2001-02
Total Revenue
External revenue 9,861.1 8,768.7 386.8 372.8
Inter-segment revenue 55.7 56.1 571.3 522.5
9,916.8 8,824.8 958.1 895.3
Results
Segment result 341.0 428.3 229.1 265.7
Finance charges (55.7) (45.1) (5.8) (5.9)
Interest income 39.1 52.9 3.8 4.0
Surplus on disposal of aircraft, spares and spare engines 150.4 65.0 – –
(Loss)/surplus on disposal of other fixed assets (0.8) 0.1 0.1 1.0
Dividends from subsidiary and associated companies, gross 130.5 138.8 – –
Dividends from long-term investments, gross 4.9 6.1 0.7 0.6
Provision for diminution in value of long-term investments (9.4) (1.1) – –
Surplus on disposal of long-term investments – 4.6 – –
Share of profits/(losses) of joint venture companies 12.7 24.2 – –
Share of profits/(losses) of associated companies 26.1 (138.4) 30.2 22.1
Exceptional items 0.5 (236.7) – –
Taxation 176.3 (159.6) (43.3) (74.7)
Profit after taxation 815.6 139.1 214.8 212.8
Minority interests
Profit attributable to shareholders
2003 2002 2003 2002
Other Information at 31 March
Segment assets 15,845.2 15,831.7 1,458.6 1,279.6
Investments in and loans to joint venture and
associated companies 357.6 278.6 138.6 130.8
Goodwill on consolidation – – 1.5 –
Long-term investments 491.6 505.6 53.9 55.9
Accrued interest receivable 3.7 4.2 0.8 0.5
Tax prepayments 287.9 346.5 – –
Total assets 16,986.0 16,966.6 1,653.4 1,466.8
Segment liabilities 3,951.8 4,112.1 167.1 122.8
Long-term liabilities 1,878.7 1,727.4 0.9 201.5
Short-term loans and lease commitments 36.1 262.1 200.6 0.8
Amounts owing to associated companies 20.0 – – –
Accrued interest payable 13.8 28.0 – –
Tax liabilities 2,348.8 2,596.8 149.1 162.9
Total liabilities 8,249.2 8,726.4 517.7 488.0
Capital expenditure 2,980.4 3,733.9 21.2 80.7
2002-03 2001-02 2002-03 2001-02
Depreciation 1,033.1 888.7 60.4 56.8
Impairment 43.2 1.7 – –
Non-cash items other than depreciation and impairment (146.1) 115.5 2.5 0.4
* Relates to inter-segment transactions eliminated on consolidation. The Group generally accounts for such inter-segment transactions as if these
transactions were to third parties at current market prices.
# Relates to the recognition of deferred gain on divestment of 51% equity interest in Eagle Services Asia Private Limited.