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Singapore Airlines 79 Annual Report 2006-07
The Group
Notes 2006-07 2005-06
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
NET CASH PROVIDED BY OPERATING ACTIVITIES 31 3,163.5 2,309.6
––––––––––––––––––––––––––––––––––––
CASH FLOW FROM INVESTING ACTIVITIES
Capital expenditure 32 (3,026.7) (2,058.8)
Purchase of intangible assets – application software (32.5) (32.4)
Proceeds from disposal of aircraft and other fi xed assets 1,586.6 629.7
Return of capital from associated companies 3.9 3.3
Investments in associated companies (23.6) (27.1)
Investments in joint venture companies – (8.2)
Additional long-term investments – (91.6)
Repayment of loan receivable 42.0 –
Proceeds from disposal of long-term investments 382.4 90.5
Proceeds from disposal of a joint venture company 509.4 –
Dividends received from associated and joint venture companies 60.6 91.2
Dividends received from investments 39.6 25.4
Interest received from investments and deposits 180.3 89.5
––––––––––––––––––––––––––––––––––––
NET CASH USED IN INVESTING ACTIVITIES (278.0) (1,288.5)
––––––––––––––––––––––––––––––––––––
CASH FLOW FROM FINANCING ACTIVITIES
Dividends paid (614.8) (487.6)
Dividends paid by subsidiary companies to minority interests (72.4) (30.9)
Interest paid (109.1) (90.4)
Proceeds from borrowings – 0.5
Repayment of borrowings (16.9) (25.1)
Repayment of long-term lease liabilities (345.3) (59.3)
Proceeds from issuance of share capital
by subsidiary companies to minority interests 0.1 12.0
Proceeds from exercise of share options 342.4 135.9
––––––––––––––––––––––––––––––––––––
NET CASH USED IN FINANCING ACTIVITIES (816.0) (544.9)
––––––––––––––––––––––––––––––––––––
NET CASH INFLOW 2,069.5 476.2
CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL YEAR 3,141.2 2,814.0
Effect of exchange rate changes (117.0) (149.0)
––––––––––––––––––––––––––––––––––––
CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR 5,093.7 3,141.2
––––––––––––––––––––––––––––––––––––
ANALYSIS OF CASH AND CASH EQUIVALENTS
Fixed deposits 28 4,385.5 2,451.9
Cash and bank 28 732.1 699.7
Bank overdrafts 30 (23.9) (10.4)
––––––––––––––––––––––––––––––––––––
CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR 5,093.7 3,141.2
––––––––––––––––––––––––––––––––––––
CONSOLIDATED CASH FLOW STATEMENT
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.