Singapore Airlines 2006 Annual Report Download - page 123

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121
Singapore Airlines Annual Report 05/06
22 Joint Venture Companies (in $ million) (continued)
The Group’s share of the consolidated assets and liabilities, and results of joint venture companies are as follows:
The Group
31 March
2006 2005
Assets and liabilities
Current assets 204.2 180.5
Non-current assets 1,771.9 1,475.0
1,976.1 1,655.5
Current liabilities (225.1) (189.9)
Non-current liabilities (1,388.4) (1,142.0)
(1,613.5) (1,331.9)
2005-06 2004-05
Results
Revenue 299.9 208.1
Expenses (259.3) (195.6)
40.6 12.5
The joint venture 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 Aircraft Leasing Aircraft leasing Singapore 159.14 150.98 35.5 35.5
Enterprise Pte Ltd*
International Engine Component Repair of aircraft components - do - 10.07 10.07 42.0 42.8
Overhaul Pte Ltd*
Singapore Aero Engine Repair and maintain Trent aero engines - do - 46.53 46.53 42.0 42.8
Services Private Limited*
* Audited by Ernst & Young, Singapore.
During the financial year, the Company contributed an additional capital of $8.2 million in Singapore Aircraft Leasing Enterprise
Pte Ltd in accordance with the joint venture agreement.
NOTES TO THE FINANCIAL STATEMENTS
31 March 2006