Singapore Airlines 2007 Annual Report Download - page 127
Download and view the complete annual report
Please find page 127 of the 2007 Singapore Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
 |
 |
NOTES TO THE FINANCIAL STATEMENTS
31 March 2007
Singapore Airlines 125 Annual Report 2006-07
22 Joint Venture Companies (in $ million) (continued)
The joint venture companies at 31 March are:
Country of Percentage of
incorporation Cost equity held
and place (in $ million) by the Group
Principal activities
of business
2007 2006 2007 2006
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Singapore Aircraft Leasing Aircraft leasing Singapore – 159.14 – 35.5
Enterprise Pte Ltd
International Engine Component Repair of aircraft components - do - 10.07 10.07 41.0 42.0
Overhaul Pte Ltd*
Singapore Aero Engine Services Repair and maintain Trent aero engines - do - 46.53 46.53 41.0 42.0
Private Limited*
* Audited by Ernst & Young, Singapore.
During the fi nancial year, the Company disposed its entire shareholdings in Singapore Aircraft Leasing Enterprise Pte Ltd.
23 Long-Term Investments (in $ million)
The Group The Company
31 March 31 March
2007 2006 2007 2006
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Unquoted investments
Equity investments 52.4 52.4 28.0 28.0
Non-equity investments – 382.4 – 382.4
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
52.4 434.8 28.0 410.4
Accumulated impairment loss (9.1) (8.9) (9.1) (8.9)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
43.3 425.9 18.9 401.5
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Analysis of accumulated impairment loss for
unquoted investments
Balance at 1 April 8.9 27.8 8.9 27.8
Charged during the year 0.2 1.0 0.2 1.0
Written-off during the year – (19.9) – (19.9)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Balance at 31 March 9.1 8.9 9.1 8.9
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Non-equity investments of $382.4 million for the Group and the Company matured during the year. These related to
interest-bearing investments with an effective annual interest rate of 3.97% (2005-06: 3.97%).
During the fi nancial year, the Group and the Company recorded an impairment loss in the profi t and loss account of
$0.2 million (2005-06: $1.0 million) pertaining to unquoted equity investments.
24 Other Receivables (in $ million)
The Group’s other receivables are stated at amortised cost and are expected to be received over the next 3 years.
As at 31 March 2007, the entire balance of other receivables is denominated in USD.