Singapore Airlines 2004 Annual Report Download - page 113

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111
SIA Annual Report 03/04
Five-Year Financial Summary of the Group
2003-04 2002-03 2001-02 2000-01 1999-00
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
CASH FLOW ($ million)
Cash flow from operations 1,767.2 1,892.1 1,421.1 2,644.7 2,429.0
Internally generated cash flow R1 3,341.4 3,207.7 3,054.1 3,438.7 3,239.3
Capital expenditure 2,692.6 3,086.3 3,862.9 2,589.0 1,911.5
PER SHARE DATA
Earnings before tax (cents) 67.4 80.2 76.0 155.5 115.0
Earnings after tax (cents) – basic 69.7 87.4 51.9 132.7 91.4
– diluted 69.7 87.4 51.9 132.6 91.4
Cash earnings ($) R2 1.67 1.77 1.31 2.26 1.86
Net asset value ($) 9.40 8.79 8.08 8.19 7.41
SHARE PRICE ($)
High 12.90 14.40 14.90 19.20 20.80
Low 8.25 8.55 7.00 12.90 12.40
Closing 11.00 8.75 14.40 13.60 16.00
DIVIDENDS
Gross dividends (cents per share) 25.0 15.0 15.0 R3 35.0 30.0 R4
Dividend cover (times) 2.8 6.4 4.1 5.1 3.9
PROFITABILITY RATIOS (%)
Return on shareholders’ funds R5 7.7 10.4 6.4 16.9 11.7
Return on total assets R6 4.6 5.9 3.8 9.7 7.0
Return on turnover R7 9.2 10.6 7.4 16.7 12.9
PRODUCTIVITY AND EMPLOYEE DATA
Value added ($ million) 4,035.7 4,367.0 3,718.2 5,180.7 4,551.5
Value added per employee ($) R8 135,727 144,397 126,375 182,831 165,431
Revenue per employee ($) R8 328,308 347,684 318,904 347,692 322,080
Average employee strength 29,734 30,243 29,422 28,336 27,513
S$ per US$ exchange rate as at 31 March 1.6759 1.7640 1.8405 1.8029 1.7185
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
R1 Internally generated cash flow comprises cash generated from operations, dividends from joint venture and associated companies, and proceeds from sale
of aircraft and other fixed assets.
R2 Cash earnings is defined as profit after taxation and minority interests plus depreciation.
R3 Includes 4.0 cents per share tax-exempt dividend.
R4 Includes 4.75 cents per share tax-exempt dividend.
R5 Return on shareholders’ funds is the profit after taxation and minority interests expressed as a percentage of the average shareholders’ funds.
R6 Return on total assets is the profit after taxation expressed as a percentage of the average total assets.
R7 Return on turnover is the profit after taxation expressed as a percentage of the total revenue.
R8 Based on average staff strength.