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NOTES TO THE FINANCIAL STATEMENTS
31 March 2007
Singapore Airlines 118 Annual Report 2006-07
18 Fixed Assets (in $ million) (continued)
Assets pledged as security
In addition to assets held under fi nance leases, the following assets are mortgaged under bank loans:
The Group
31 March
2007 2006
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Net book value of:
– aircraft 199.3 213.7
– building – 5.4
19 Intangible Assets (in $ million)
The Group The Company
31 March 31 March
2007 2006 2007 2006
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Goodwill arising on consolidation 1.3 1.3
Computer software 98.9 120.4 67.0 77.2
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
100.2 121.7 67.0 77.2
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
In 2002-03, SATS acquired 66.7% equity interest in Country Foods Pte Ltd at a cost of $6.0 million. Goodwill on
acquisition of $1.5 million was capitalised and amortised in fi nancial years 2003-04 ($0.1 million) and 2004-05
($0.1 million).
Computer software
The Group The Company
31 March 31 March
2007 2006 2007 2006
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Balance at 1 April 120.4 142.8 77.2 88.3
Additions 32.5 32.4 26.2 25.1
Disposals – (0.1) (0.1)
Amortisation (54.0) (54.7) (36.4) (36.1)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Balance at 31 March 98.9 120.4 67.0 77.2
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Cost 358.4 328.7 254.6 230.7
Accumulated amortisation (259.5) (208.3) (187.6) (153.5)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Net book value 98.9 120.4 67.0 77.2
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––