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46
Singapore Airlines Annual Report 05/06
FINANCIAL REVIEW
Performance of the Group (continued)
Value Added
Total value added for 2005-06 improved marginally to $5,534 million.
Payroll and other staff cost accounted for 44.8 per cent of the value added, 0.4 percentage point higher than the previous year.
$551 million (10.0 per cent) of the value added was for distribution to equity holders, $96 million (1.7 per cent) for finance
charges, and $69 million (1.2 per cent) belonged to minority interests. $1,985 million was retained for future capital requirements.
Group Value Added Distribution
$ Million
$ Million
2001-02 2002-03 2003-04 2004-05 2005-06
2,500
2,000
1,500
1,000
500
0
Retained in the Business
Employees
Suppliers of Capital
Government
2,500
2,000
1,500
1,000
500
0
R1
R1
-0.6% point
-1.6% points
35.9%
44.8%
12.9%
6.4%
+0.4% point
+1.8% points
Group Valued Added Distribution
2005-06
Employees 2,481.1 44.8
Retained in the Business 1,984.7 35.9
Suppliers of Capital 715.6 12.9
Government 352.6 6.4
Total Value Added
Amount Distribution
$million %
Group Value Added Productivity Ratios
Dollar
Dollar
2001-02 2002-03 2003-04 2004-05 2005-06
Value Added Per $ Employment Cost
Value Added Per $ Revenue
Value Added Per $ Investment in Fixed Assets
2.5
2.0
1.5
1.0
0.5
0
2.5
2.0
1.5
1.0
0.5
0
R1 Excludes write-back of prior year’s tax liabilities of
$204.7 million and $277.8 million for 2003-04 and
2002-03 respectively arising from reduction in
statutory tax rate.