Singapore Airlines 2007 Annual Report Download - page 126

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NOTES TO THE FINANCIAL STATEMENTS
31 March 2007
Singapore Airlines 124 Annual Report 2006-07
21 Associated Companies (in $ million) (continued)
The summarised fi nancial information of the associates are as follows:
The Group
31 March
2007 2006
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Assets and liabilities
Current assets 3,816.8 2,727.2
Non-current assets 2,683.9 3,195.1
––––––––––––––––––––––––––––––––––––
6,500.7 5,922.3
––––––––––––––––––––––––––––––––––––
Current liabilities (2,752.8) (2,266.7)
Non-current liabilities (1,855.2) (1,968.6)
––––––––––––––––––––––––––––––––––––
(4,608.0) (4,235.3)
––––––––––––––––––––––––––––––––––––
2006-07 2005-06
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Results
Revenue 9,116.4 7,578.1
Profi t for the period 382.3 482.4
22 Joint Venture Companies (in $ million)
The Group The Company
31 March 31 March
2007 2006 2007 2006
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Investment in joint venture companies
(unquoted, at cost) 56.6 215.8 159.1
Share of post-acquisition reserves
– general reserve 37.1 136.1
– foreign currency translation reserve (7.1) (2.4)
– fair value reserve 2.8
– capital reserve 10.3
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
86.6 362.6 159.1
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
The Group’s share of the consolidated assets and liabilities, and results of joint venture companies are as follows:
The Group
31 March
2007 2006
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Assets and liabilities
Current assets 135.4 204.2
Non-current assets 57.1 1,771.9
––––––––––––––––––––––––––––––––––––
192.5 1,976.1
––––––––––––––––––––––––––––––––––––
Current liabilities (68.6) (225.1)
Non-current liabilities (37.3) (1,388.4)
––––––––––––––––––––––––––––––––––––
(105.9) (1,613.5)
––––––––––––––––––––––––––––––––––––
2006-07 2005-06
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Results
Revenue 543.8 299.9
Expenses (485.9) (259.3)
––––––––––––––––––––––––––––––––––––
57.9 40.6
––––––––––––––––––––––––––––––––––––