Singapore Airlines 2006 Annual Report Download - page 70

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68
Singapore Airlines Annual Report 05/06
CONSOLIDATED PROFIT AND LOSS ACCOUNT
For the financial year ended 31 March 2006 (in $ million)
The Group
Notes 2005-06 2004-05
R1
REVENUE 13,341.1 12,012.9
EXPENDITURE
Staff costs 5 2,481.1 2,456.5
Fuel costs 4,240.3 2,692.9
Depreciation 18 1,227.7 1,165.8
Impairment of fi xed assets 18 12.1 –
Amortisation of intangible assets 19 54.7 42.8
Aircraft maintenance and overhaul costs 319.3 597.9
Commission and incentives 441.6 445.2
Landing, parking and overfl ying charges 652.9 629.8
Handling charges 593.3 570.3
Rentals on leased aircraft 338.0 335.0
Material costs 315.2 293.1
Infl ight meals 247.5 245.5
Advertising and sales costs 243.4 257.8
Insurance expenses 114.6 130.1
Company accommodation and utilities 158.1 157.9
Other passenger costs 122.5 118.0
Crew expenses 117.1 108.2
Other operating expenses 448.4 449.0
12,127.8 10,695.8
OPERATING PROFIT 6 1,213.3 1,317.1
Finance charges 7 (96.3) (77.5)
Interest income 8 96.7 52.7
Surplus on disposal of aircraft, spares and spare engines 115.7 215.2
Surplus on disposal of other fi xed assets 11.9 8.7
Dividends from long-term investments, gross 24.6 8.0
Impairment of long-term investments 23 (1.0) (0.1)
Amortisation of goodwill on consolidation 19 – (0.1)
Amortisation of deferred gain 1.4 1.3
Share of profi ts of joint venture companies 22 40.6 12.5
Share of profi ts of associated companies 21 255.2 203.7
PROFIT BEFORE EXCEPTIONAL ITEMS 1,662.1 1,741.5
Exceptional items 9 – 49.5
PROFIT BEFORE TAXATION 1,662.1 1,791.0
TAXATION 10 (352.6) (387.3)
PROFIT FOR THE YEAR 1,309.5 1,403.7
PROFIT ATTRIBUTABLE TO:
EQUITY HOLDERS OF THE COMPANY 1,240.7 1,352.4
MINORITY INTERESTS 68.8 51.3
1,309.5 1,403.7
BASIC EARNINGS PER SHARE (CENTS) 11 101.7 111.0
DILUTED EARNINGS PER SHARE (CENTS) 11 101.6 111.0
R1 2004-05 fi gures have been restated for the effect of adopting FRS 102 [see Note 3(d)].
The notes on pages 75 to 135 form an integral part of these fi nancial statements.