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94 SIA Annual Report 04/05
Notes to the Financial Statements
31 March 2005
3col
20 Associated Companies (in $ million) (continued)
Loans to associated companies are unsecured and have no fixed terms of repayments. The loans are interest-free, except
for $0.3 million at 31 March 2004, which bear interest between 9.50% to 11.46% per annum.
Amounts owing by associated companies are unsecured, trade-related, interest-free and have no fixed terms of
repayments.
The associated companies at 31 March are:
Country of Percentage of
incorporation Cost equity held by
and place (in $ million) the Group
Principal activities of business 2005 2004 2005 2004
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Service Quality (SQ) Centre Quality service training Singapore # # 50.0 50.0
Pte Ltd
Virgin Atlantic Limited* Air transportation UK 1,682.06 1,682.06 49.0 49.0
Tiger Airways Pte Ltd @ Air transportation Singapore 5.80 0.90 49.0 49.0
Asia Leasing Limited Aircraft leasing Bermuda 10.88 10.88 21.0 21.0
RCMS Properties Private Hotel ownership and Singapore 31.16 31.16 20.0 20.0
Limited management
AVISERV Ltd Inflight catering services Pakistan 3.31 3.31 41.5 42.4
TAJ SATS Air Catering Catering services India 27.97 31.26 41.5 42.4
Limited**
SERVAIR-SATS Holding Investment holding company Singapore 0.51 0.51 41.5 42.4
Company Pte Ltd
PT Jasa Angkasa Semesta TBK Ground and cargo handling Indonesia 103.98 - 42.1 -
services
Beijing Airport Inflight Inflight catering services People’s 13.88 13.88 33.9 34.6
Kitchen Ltd Republic
of China
Beijing Aviation Ground Airport ground handling - do - 5.71 5.71 33.9 34.6
Services Co Ltd services
Maldives Inflight Catering Inflight catering services Maldives 0.29 0.29 29.6 30.3
Private Limited
Taj Madras Flight Kitchen Inflight catering services India 1.90 1.90 25.4 25.9
Limited
Tan Son Nhat Cargo Airport ground handling Vietnam 1.96 1.96 25.4 25.9
Services Ltd @ @ services
Asia Airfreight Terminal Air cargo handling services Hong Kong 92.66 16.16 41.5 21.2
Co Ltd ^
Evergreen Air Cargo Services Air cargo handling services Taiwan 15.92 15.92 21.2 21.6
Corporation
Evergreen Airline Services Airport handling - do - 5.23 5.23 16.9 17.3
Corporation
MacroAsia-Eurest Catering Inflight catering services Philippines 2.03 2.03 16.9 17.3
Services Inc.
Mid-East Airport Services Dormant Singapore # # 50.0 50.0
Combustor Airmotive Servicing of aircraft engines - do - 3.01 3.01 41.9 42.4
Services Pte Ltd and sale of aircraft
engines and parts
– –
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 15.06.2005 150#
2