Singapore Airlines 2007 Annual Report Download - page 75

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Singapore Airlines 73 Annual Report 2006-07
The Group
Notes 2006-07 2005-06
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
REVENUE 14,494.4 13,341.1
––––––––––––––––––––––––––––––––––––
EXPENDITURE
Staff costs 4 2,727.4 2,481.1
Fuel costs 4,916.7 4,240.3
Depreciation 18 1,319.4 1,227.7
Impairment of fi xed assets 18 0.6 12.1
Amortisation of intangible assets 19 54.0 54.7
Aircraft maintenance and overhaul costs 311.4 319.3
Commission and incentives 405.1 441.6
Landing, parking and overfl ying charges 655.1 652.9
Handling charges 603.1 593.3
Rentals on leased aircraft 379.9 338.0
Material costs 316.6 315.2
Infl ight meals 260.3 247.5
Advertising and sales costs 257.8 243.4
Insurance expenses 94.1 114.6
Company accommodation and utilities 170.0 158.1
Other passenger costs 133.8 122.5
Crew expenses 125.0 117.1
Other operating expenses 449.7 448.4
––––––––––––––––––––––––––––––––––––
13,18 0. 0 12,127.8
––––––––––––––––––––––––––––––––––––
OPERATING PROFIT 5 1,314.4 1,213.3
Finance charges 6 (124.1) (96.3)
Interest income 7 181.8 96.7
Surplus on disposal of aircraft, spares and spare engines 237.9 115.7
Dividends from long-term investments, gross 38.8 24.6
Other non-operating items 8 77.9 12.3
Share of profi ts of joint venture companies 22 57.9 40.6
Share of profi ts of associated companies 79.0 255.2
––––––––––––––––––––––––––––––––––––
PROFIT BEFORE EXCEPTIONAL ITEMS 1,863.6 1,662.1
Exceptional items 9 421.0 –
––––––––––––––––––––––––––––––––––––
PROFIT BEFORE TAXATION 2,284.6 1,662.1
TAXATION 10
Taxation expense (328.9) (352.6)
Adjustment for reduction in Singapore statutory tax rate 246.7 –
(82.2) (352.6)
––––––––––––––––––––––––––––––––––––
PROFIT FOR THE FINANCIAL YEAR 2,202.4 1,309.5
––––––––––––––––––––––––––––––––––––
PROFIT ATTRIBUTABLE TO:
EQUITY HOLDERS OF THE COMPANY 2,128.8 1,240.7
MINORITY INTERESTS 73.6 68.8
––––––––––––––––––––––––––––––––––––
2,202.4 1,309.5
––––––––––––––––––––––––––––––––––––
BASIC EARNINGS PER SHARE (CENTS) 11 172.6 101.7
DILUTED EARNINGS PER SHARE (CENTS) 11 170.8 101.3
CONSOLIDATED PROFIT AND LOSS ACCOUNT
For the fi nancial year ended 31 March 2007 (in $ million)
The notes on pages 80 to 137 form an integral part of these fi nancial statements.