Singapore Airlines 2008 Annual Report Download - page 126

Download and view the complete annual report

Please find page 126 of the 2008 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.

Page out of 178

  • 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
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178

Singapore Airlines Annual Report 2007-08
124
18 Deferred Taxation (in $ million)
The Group The Company
Consolidated Consolidated
balance sheet profit and loss Balance sheet
31 March 31 March
2008 2007 2007-08 2006-07 2008 2007
The deferred taxation arises as a result of:
Deferred tax liabilities
Differences in depreciation 2,551.0 2,377.1 173.9 (59.0) 2,101.2 1,918.1
Revaluation of jet fuel swap/
option contracts to fair value 75.9 - - - 61.4 -
Revaluation of available-for-sale
financial assets to fair value 0.4 6.1 - - - 4.8
Other temporary differences 87.4 90.5 (3.1) (17.8) 81.1 88.0
Gross deferred tax liabilities 2,714.7 2,473.7 170.8 (76.8) 2,243.7 2,010.9
Deferred tax assets
Unabsorbed capital allowances
and tax losses (8.7) (8.9) 0.2 15.8 - -
Revaluation of jet fuel swap/
option contracts to fair value - (6.5) - - - (5.3)
Revaluation of forward currency
contracts to fair value (14.1) (4.4) - - (11.1) (3.4)
Revaluation of interest rate swap
contracts to fair value (2.7) - - - - -
Revaluation of available-for-sale
financial assets to fair value (0.1) - - - (0.1) -
Other deferred tax assets (147.0) (43.0) (104.0) 1.9 (130.6) (20.7)
Gross deferred tax assets (172.6) (62.8) (103.8) 17.7 (141.8) (29.4)
Net deferred tax liabilities 2,542.1 2,410.9 2,101.9 1,981.5
Deferred tax charged/(credited)
to profit and loss 67.0 (59.1)
Deferred tax charged/(credited)
to equity 64.2 (16.1) 54.2 (12.8)
NOTES TO THE FINANCIAL STATEMENTS
31 March 2008