Singapore Airlines 2004 Annual Report Download - page 4

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02 SIA Annual Report 03/04
Statistical Highlights
FINANCIAL STATISTICS R1
2003-04 2002-03 % Change
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Group
Financial Results ($ million)
Total revenue 9,761.9 10,515.0 – 7.2
Total expenditure 9,081.5 9,797.9 – 7.3
Operating profit 680.4 717.1 – 5.1
Profit before taxation 820.9 976.8 – 16.0
Profit attributable to shareholders 849.3 1,064.8 – 20.2
Share capital 609.1 609.1 –
Distributable reserves
General reserve 10,282.6 9,539.1 + 7.8
Foreign currency translation reserve 19.8 41.3 – 52.1
Non-distributable reserves
Share premium 447.2 447.2 –
Capital redemption reserve 64.4 64.4 –
Capital reserve 32.0 7.7 + 315.6
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Shareholders’ funds 11,455.1 10,708.8 + 7.0
Return on shareholders’ funds (%) R2 7.7 10.4 – 2.7 points
Total assets 19,990.0 19,184.0 + 4.2
Total debt 2,273.5 2,117.3 + 7.4
Total debt equity ratio (times) R3 0.2 0.2 –
Value added 4,035.7 4,367.0 – 7.6
Per Share Data
Earnings before tax (cents) 67.4 80.2 – 16.0
Earnings after tax (cents) – basic R4 69.7 87.4 – 20.2
Earnings after tax (cents) – diluted R5 69.7 87.4 – 20.2
Net asset value ($) R6 9.40 8.79 + 6.9
Dividends
Interim dividend (cents per share) 0.0 6.0 – 6.0 cents
Proposed final dividend (cents per share) 25.0 9.0 + 16.0 cents
Dividend cover (times) R7 2.8 6.4 – 3.6 times
Company
Financial Results ($ million)
Total revenue 7,187.6 8,047.0 – 10.7
Total expenditure 7,037.4 7,838.0 – 10.2
Operating profit 150.2 209.0 – 28.1
Profit before taxation 328.4 460.1 – 28.6
Profit after taxation 429.3 618.0 – 30.5
Value added 2,511.6 2,762.0 – 9.1
R1 SIA’s financial year is from 1 April to 31 March. Throughout this report, all figures are in Singapore Dollars, unless stated otherwise.
R2 Return on shareholders’ funds is profit after taxation and minority interests expressed as a percentage of the average shareholders’ funds.
R3 Total debt equity ratio is total debt divided by shareholders’ fund at 31 March.
R4 Earnings after tax per share (basic) is computed by dividing profit after taxation and minority interests by the weighted average number of ordinary shares
in issue.
R5 Earnings after tax per share (diluted) is computed by dividing profit after taxation and minority interests by the weighted average number of ordinary
shares in issue after adjusting for the dilutive effect on the exercise of all outstanding share options granted to employees.
R6 Net asset value per share is computed by dividing shareholders’ funds by the number of ordinary shares in issue at 31 March.
R7 Dividend cover is profit attributable to shareholders divided by total dividend.