Singapore Airlines 2005 Annual Report Download - page 66

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64 SIA Annual Report 04/05
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#
13col
Consolidated Profit and Loss Account
For the financial year ended 31 March 2005 (in $ million)
The Group
Notes 2004-05 2003-04
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
REVENUE 4 12,012.9 9,761.9
––––––––––––––––––––––––––––––––––
EXPENDITURE
Staff costs 5 2,418.1 1,969.5
Fuel costs 2,692.9 1,811.1
Depreciation 17 1,208.6 1,180.2
Provision for impairment of fixed assets – 28.0
Aircraft maintenance and overhaul costs 597.9 610.7
Commission and incentives 445.2 590.3
Landing, parking and overflying charges 629.8 515.9
Handling charges 570.3 492.6
Rentals on leased aircraft 335.0 353.3
Material costs 293.1 247.7
Inflight meals 245.5 198.1
Advertising and sales costs 257.8 191.0
Insurance expenses 130.1 133.5
Company accommodation and utilities 157.9 150.8
Other passenger costs 118.0 105.6
Crew expenses 108.2 90.1
Other operating expenses 449.0 413.1
––––––––––––––––––––––––––––––––––
10,657.4 9,081.5
––––––––––––––––––––––––––––––––––
OPERATING PROFIT 6 1,355.5 680.4
Finance charges 7 (77.5) (65.1)
Interest income 8 52.7 32.5
Surplus on disposal of aircraft, spares and spare engines 215.2 102.7
Surplus on disposal of other fixed assets 8.7 5.5
Dividends from long-term investments, gross 8.0 3.6
Provision for diminution in value of long-term investments 22 (0.1) (1.8)
Amortisation of goodwill on consolidation 18 (0.1) (0.1)
Amortisation of deferred gain 1.3 1.6
Share of profits of joint venture companies 21 12.5 6.4
Share of profits of associated companies 203.7 86.3
––––––––––––––––––––––––––––––––––
PROFIT BEFORE EXCEPTIONAL ITEMS 1,779.9 852.0
Exceptional items 9 49.5 (31.1)
––––––––––––––––––––––––––––––––––
PROFIT BEFORE TAXATION 1,829.4 820.9
TAXATION 10
Taxation expense (387.3) (130.3)
Adjustment for reduction in Singapore statutory tax rate – 204.7
(387.3) 74.4
––––––––––––––––––––––––––––––––––
PROFIT AFTER TAXATION 1,442.1 895.3
Minority interests (52.8) (46.0)
––––––––––––––––––––––––––––––––––
PROFIT ATTRIBUTABLE TO SHAREHOLDERS 1,389.3 849.3
––––––––––––––––––––––––––––––––––
BASIC EARNINGS PER SHARE (CENTS) 11 114.0 69.7
DILUTED EARNINGS PER SHARE (CENTS) 11 113.9 69.7
The notes on pages 70 to 107 form an integral part of these financial statements.