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79
SIA Annual Report 02/03
Notes to the Financial Statements
31 March 2003
6 Operating Profit (in $ million)
Operating profit for the financial year is arrived at after charging/(crediting):
The Group The Company
2002-03 2001-02 2002-03 2001-02
Interest income from short-term investments (0.4) (6.5) – –
Dividend income from short-term investments (0.5) (0.4) – –
Loss/(surplus) on disposal of short-term investments 0.9 (3.6) – –
Income from lease of aircraft (7.3) (27.9) (7.3) (27.9)
Provision for/(write-back of) diminution in value of
short-term investments 2.1 (1.1) – –
Amortization of deferred gain on sale and
leaseback transactions (134.7) (121.2) (133.1) (121.0)
Remuneration for directors of the Company 2.3 2.2 2.3 2.2
Professional fees paid to a firm of which a
director is a member – 0.1 – 0.1
Remuneration for auditors of the Company
Audit fees 1.0 0.8 0.4 0.4
Non-audit fees 1.4 1.2 0.5 0.6
Exchange losses/(gains), net 7.5 (3.2) 11.8 (6.1)
7 Finance Charges (in $ million)
The Group The Company
2002-03 2001-02 2002-03 2001-02
Interest expense:
– notes payable 31.2 8.8 31.2 8.8
– loans 6.2 5.2 0.4 5.2
– finance leases 16.3 23.9 12.8 23.6
– subsidiary companies – – 6.8 9.2
– others 0.1 6.0 – –
53.8 43.9 51.2 46.8
Commitment fees 0.9 0.1 0.9 0.1
54.7 44.0 52.1 46.9