Singapore Airlines 2006 Annual Report Download - page 125

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123
Singapore Airlines Annual Report 05/06
24 Stocks (in $ million)
The Group The Company
31 March 31 March
2006 2005 2006 2005
Technical stocks and stores 472.8 375.0 441.5 350.4
Catering and general stocks 26.1 26.9 17.0 18.4
Work-in-progress 18.6 40.6 – –
Total inventories at lower of cost and net realisable value 517.5 442.5 458.5 368.8
During the financial year, the Group wrote down $1.1 million (2004-05: $13.2 million) of stocks which are recognised as
expense in the profit and loss account.
25 Trade Debtors (in $ million)
Trade debtors are stated after impairment losses. An analysis of the impairment losses is as follows:
The Group The Company
31 March 31 March
2006 2005 2006 2005
Balance at 1 April 64.2 62.0 42.4 37.9
Effect of adopting FRS 39 (47.7) – (39.1) –
Balance at 1 April, as restated 16.5 62.0 3.3 37.9
Charged during the year 5.0 2.8 2.9 4.5
Written-off during the year (0.6) (0.6) – –
Balance at 31 March 20.9 64.2 6.2 42.4
Bad debts written-off directly to
profit and loss account, net of debts recovered 1.8 2.1 1.5 2.3
As at 31 March 2006, the composition of trade debtors held in foreign currencies by the Group is as follows: USD – 22.2%
(2005: 24.3%), EUR – 6.2% (2005: 7.5%) and JPY – 5.8% (2005: 6.1%).
Loans to directors of the Company and its subsidiary companies in accordance with schemes approved by shareholders of the
Company amounted to $0.1 million (2005: $0.1 million).
NOTES TO THE FINANCIAL STATEMENTS
31 March 2006