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Singapore Airlines Annual Report 2007-08
106
5 Staff Costs (in $ million)
The Group
2007-08 2006-07
Staff costs (including Executive Director)
Salary, bonuses and other costs 2,675.6 2,535.2
CPF and other defined contributions 153.9 134.6
Share-based compensation expense 73.9 57.6
2,903.4 2,727.4
The Group contributes to several post-employment defined benefit plans for employees at several overseas locations.
Employees may contribute in some of these plans and these contributions are matched in varying amounts by the Group.
Defined benefit expenses for the Group were $18.5 million for 2007-08 and $16.6 million for 2006-07. As these are not
material to the total staff costs of the Group for 2007-08 and 2006-07, additional disclosures of these defined benefit
plans are not shown. Disclosures relating to share-based compensation expense are in Note 14.
6 Operating Profit (in $ million)
Operating profit for the financial year was arrived at after charging/(crediting):
The Group
2007-08 2006-07
Interest income from short-term investments (0.9) (0.8)
Dividend income from short-term investments (0.8) (0.8)
Surplus on disposal of short-term investments (36.7) (3.5)
Income from lease of aircraft (36.8) (31.4)
Amortisation of deferred gain on sale and operating leaseback transactions (102.7) (88.4)
Professional fees paid to a firm of which a director is a member * *
Remuneration for auditors of the Company
Audit fees 1.8 1.6
Non-audit fees 0.9 1.0
Exchange losses, net 117.7 79.9
Fuel hedging (gain)/loss recognised in “Fuel costs” (232.2) 118.9
Ineffectiveness of fuel hedging contracts recognised in “Fuel costs” (2.5) -
* Amount less than $0.1 million.
NOTES TO THE FINANCIAL STATEMENTS
31 March 2008
4 Segment Information (in $ million) (continued)
Geographical segments
The following table presents revenue information on airline operations by geographical areas for the financial years ended
31 March 2008 and 2007.
By area of original sale
2007-08 2006-07
East Asia 6,444.3 5,974.6
Europe 2,158.8 1,957.4
South West Pacific 1,906.3 1,538.5
Americas 1,030.2 1,017.2
West Asia and Africa 989.4 874.7
Systemwide 12,529.0 11,362.4
Non-scheduled services and incidental revenue 2,785.5 2,476.9
15,314.5 13,839.3