Singapore Airlines 2005 Annual Report Download - page 109

Download and view the complete annual report

Please find page 109 of the 2005 Singapore Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 128

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128

SIA Annual Report 04/05 107
Notes to the Financial Statements
31 March 2005
CC
฀MOD: CN1323
M Y
C K
While every effort has been taken to carry out instruction to customers satisfaction
NO RESPONSIBILITY liablilty will be accepted for errors
CUSTOMERS ARE THEREFOREURGED TO CHECK THOROUGHLY BEFORE
AUTHORISING PRINTRUNS
DALIM
1 2 3 4 5 6 7 8 9 10 OK TS
CC196777 DLMAC13 10.06.2005 150#
1
3col
34 Related Party Transactions (in $ million) (continued)
Directors’ and key executives’ remuneration of the Company
The Company
2004-05 2003-04
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Directors
Salary, bonuses and other costs 2.3 3.2
CPF and other defined contributions * *
––––––––––––––––––––––––––––––––––
2.3 3.2
––––––––––––––––––––––––––––––––––
Key executives (excluding executive directors)
Salary, bonuses and other costs 1.8 2.1
CPF and other defined contributions * *
––––––––––––––––––––––––––––––––––
1.8 2.1
––––––––––––––––––––––––––––––––––
* Amount less than $0.1 million
Share options granted to and exercised by directors and key executives of the Company are as follows:
Aggregate Aggregate
options options Aggregate
Exercise price granted since exercised since options
for options commencement commencement outstanding
Options granted granted during of scheme to end of scheme to end at end of
during financial financial year of financial year of financial year Options financial year
Name of participant year under review under review under review under review lapsed under review
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Chew Choon Seng 228,000 $10.70 834,000 – – 834,000
LG Bey Soo Khiang 152,000 $10.70 570,000 – – 570,000
Huang Cheng Eng 135,000 $10.70 582,000 – – 582,000
35 Subsequent Events
On 6 May 2005, the Company added a B777-300 to its operating fleet, bringing the B777 fleet size to 58 aircraft.
On 22 April 2005, as a result of the rising cost of jet fuel, the Company and SilkAir announced increases to the fuel
surcharge on passenger tickets from May 2005 onwards.
SIAEC signed two joint venture agreements in April 2005. A joint venture with Cebu Pacific Air, known as Aviation
Partnership (Philippines) Corporation, will offer line maintenance services at 14 airports in the Philippines. The other
joint venture, to be named Aerospace Component Engineering Services Pte Ltd (ACE Services), is with Parker Hannifin
Corporation’s Parker Aerospace Group. ACE Services will be incorporated in Singapore and will provide maintenance,
repair, and overhaul (MRO) services of hydro-mechanical equipment for aircraft such as the Boeing B747-400 and B777,
and the Airbus A320, A330 and A340. SIAEC will hold a 51% stake in both joint ventures.