Singapore Airlines 2005 Annual Report Download - page 71

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SIA Annual Report 04/05 69
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
In 2003-04, the Company disposed of its 51% equity interest in Aviation Software Development Consultancy India Limited.
This was shown in the statement as a single item. The effects of the individual assets and liabilities and the results for the
year are set out below.
2003-04
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Portion of disposal consideration discharged by means of cash 5.3
–––––––––––––
Fixed assets 0.4
Trade debtors 2.8
Cash and bank balances 6.7
Creditors (1.8)
–––––––––––––
Net identifiable assets and liabilities disposed 8.1
Minority interests (3.9)
Surplus on disposal of subsidiary company 1.1
–––––––––––––
Cash consideration received 5.3
Less: cash disposed (6.7)
–––––––––––––
Net cash outflow (1.4)
–––––––––––––
Contributions to the Group for the period April 2003 to February 2004:
Revenue 6.1
Expenditure (5.1)
–––––––––––––
Profit before taxation 1.0
–––––––––––––
The notes on pages 70 to 107 form an integral part of these financial statements.
Consolidated Cash Flow Statement (continued)
For the financial year ended 31 March 2005 (in $ million)