Singapore Airlines 2006 Annual Report Download - page 118

Download and view the complete annual report

Please find page 118 of the 2006 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 156

  • 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
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156

116
Singapore Airlines Annual Report 05/06
20 Subsidiary Companies (in $ million) (continued)
The subsidiary companies at 31 March are:
Country of Percentage of
incorporation Cost equity held by
and place (in $ million) the Group
Principal activities of business 2006 2005 2006 2005
Singapore Airport Terminal Investment holding Singapore # # 83.2 84.6
Services Limited
SATS Catering Pte Ltd Inflight catering services - do - 14.00 14.00 83.2 84.6
SATS Airport Services Pte Ltd Airport ground handling services - do - 16.50 16.50 83.2 84.6
SATS Security Services Pte Ltd Aviation security services - do - 3.00 3.00 83.2 84.6
Aero Laundry & Linen Providing and selling laundry and - do - 2.52 2.52 83.2 84.6
Services Pte Ltd linen services
Asia-Pacific Star Pte Ltd Dormant - do - ## ## 83.2 84.6
Aerolog Express Pte Ltd Air cargo delivery services - do - 1.26 1.26 58.2 59.3
Country Foods Pte Ltd Manufacturing of chilled, frozen and - do - 6.00 6.00 55.5 56.4
processed foods
SIA Engineering Company Engineering services - do - # # 83.9 85.5
Limited
SIAEC Global Pte Ltd Investment holding - do - ## ## 83.9 85.5
Singapore Jamco Pte Ltd Manufacturing aircraft cabin equipment - do - 3.82 3.82 54.5 55.6
and refurbishment of aircraft galley
Aviation Partnership Providing aircraft maintenance Philippines 2.76 – 42.8 –
(Philippines) Corporation* services, including technical and
non-technical handling at the airport
Aerospace Component Repair and overhaul of hydro-mechanical Singapore 9.74 – 42.8 –
Engineering Services equipment for Boeing and Airbus aircraft
Ready Fresh Pte Ltd** Dormant - do - – @ – 28.8
Singapore Airlines Cargo Air cargo transportation - do - 1,405.00 1,405.00 100.0 100.0
Pte Ltd
Cargo Community Network Provision and marketing of Cargo - do - 3.77 3.77 51.0 51.0
Pte Ltd Community Systems
Cargo Community (Shanghai) Marketing and support of portal People’s 0.03 – 51.0 –
Co Ltd services for the air cargo industry Republic
of China
SilkAir (Singapore) Private Air transportation Singapore 240.00 240.00 100.0 100.0
Limited
Tradewinds Tours & Travel Tour wholesaling - do - 4.00 4.00 100.0 100.0
Private Limited
Singapore Aviation and Aviation insurance - do - 20.00 20.00 100.0 100.0
General Insurance
Company (Pte) Limited
SIA Properties (Pte) Ltd Inactive - do - 24.00 24.00 100.0 100.0
Singapore Flying College Pte Ltd Training of pilots - do - 70.95 70.95 100.0 100.0
Sing-Bi Funds Private Limited Inactive - do - 0.01 0.01 100.0 100.0
Singapore Airport Duty-Free Inactive - do - 11.73 11.73 96.0 96.3
Emporium (Private) Limited
Abacus Travel Systems Pte Ltd Marketing of Abacus reservations systems - do - 2.44 2.44 61.0 61.0
Singapore Airlines Aircraft leasing Mauritius – ### – 100.0
(Mauritius) Ltd ^
SIA (Mauritius) Ltd*** Pilot recruitment - do - # # 100.0 100.0
All the Singapore-incorporated subsidiary companies are audited by Ernst & Young, Singapore.
* Audited by SGV & Co., formerly known as Ernst & Young, Philippines.
** Ready Fresh Pte Ltd was liquidated on 8 March 2006.
*** Not required to be audited in country of incorporation.
# The value is $1.
## The value is $2.
### The value is $3.
@ The value is $51.
^ Liquidated during the year.
NOTES TO THE FINANCIAL STATEMENTS
31 March 2006