Singapore Airlines 2007 Annual Report Download - page 57

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Singapore Airlines 55 Annual Report 2006-07
Performance of the Company (continued)
Operating Performance (continued)
Passenger Load Factor (%)
Change
2006-07 2005-06 % points
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
East Asia 74.4 70.8 + 3.6
Americas 82.2 80.7 + 1.5
Europe 83.5 78.7 + 4.8
South West Pacifi c 81.5 75.7 + 5.8
West Asia and Africa 72.5 70.5 + 2.0
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Systemwide 79.2 75.6 + 3.6
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Earnings
2006-07 2005-06
$ million $ million % Change
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Revenue 11,343.9 10,302.8 + 10.1
Expenditure (10,316.9) (9,651.8) + 6.9
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Operating profi t 1,027.0 651.0 + 57.8
Finance charges (124.6) (82.8) + 50.5
Interest income 171.8 103.8 + 65.5
Surplus on disposal of aircraft, spares and spare engines 167.9 58.1 + 189.0
Dividends from subsidiaries, gross 390.7 190.3 + 105.3
Dividends from long-term investments, gross 20.4 11.1 + 83.8
Other non-operating items 74.9 9.3 n.m.
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Profi t before taxation and exceptional items 1,728.1 940.8 + 83.7
Exceptional items 563.0 – n.m.
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Profi t before taxation 2,291.1 940.8 + 143.5
Taxation expense (272.1) (194.8) + 39.7
Adjustment for reduction in Singapore statutory tax rate 194.2 – n.m.
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Profi t after taxation 2,213.2 746.0 + 196.7
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
n.m. not meaningful
FINANCIAL REVIEW