Singapore Airlines 2006 Annual Report Download - page 127

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125
Singapore Airlines Annual Report 05/06
28 Trade Creditors (in $ million)
Included in trade creditors is provision for warranty claims. An analysis of provision for warranty claims is as follows:
The Group
31 March
2006 2005
Balance at 1 April 2.8 2.1
Provision during the year 0.5 1.0
Provision utilised during the year (0.3) (0.3)
Balance at 31 March 3.0 2.8
As at 31 March 2006, 18.9% of trade creditors (2005: 16.3%) were held in USD by the Group.
29 Bank Overdrafts (in $ million)
$0.4 million (2005: $0.8 million) of the Group’s bank overdrafts are secured by a first legal mortgage over a building at
22 Senoko Way, Singapore 758044. Interest is charged at a rate of 3.95% (2004-05: 5.25%) per annum in the current
financial year.
As at 31 March 2006, the composition of bank overdraft held in foreign currencies by the Group is as follows:
USD – 22.3% (2005: 28.1%) and EUR – 20.5% (2005: 26.1%).
NOTES TO THE FINANCIAL STATEMENTS
31 March 2006