Singapore Airlines 2008 Annual Report Download - page 133

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Singapore Airlines Annual Report 2007-08
131
20 Property, Plant and Equipment (in $ million) (continued)
Assets pledged as security
In addition to assets held under finance leases, the following assets are mortgaged under bank loans:
The Group
31 March
2008 2007
Net book value of:
- aircraft - 199.3
21 Intangible Assets (in $ million)
The Group The Company
31 March 31 March
2008 2007 2008 2007
Goodwill arising on consolidation 1.3 1.3 - -
Licenses 1.3 - - -
Computer software 104.0 98.9 79.0 67.0
106.6 100.2 79.0 67.0
In 2002-03, SATS acquired 66.7% equity interest in Country Foods Pte Ltd at a cost of $6.0 million. Goodwill on acquisition
of $1.5 million was capitalised and amortised in financial years 2003-04 ($0.1 million) and 2004-05 ($0.1 million).
During the financial year, SIAEC acquired 100% equity interest in Aircraft Maintenance Service Australia Pty Ltd. Upon
acquisition, licenses to operate in Australia are capitalised.
Computer software
The Group The Company
31 March 31 March
2008 2007 2008 2007
Balance at 1 April 98.9 120.4 67.0 77.2
Additions 47.6 32.5 41.0 26.2
Amortisation (42.5) (54.0) (29.0) (36.4)
Balance at 31 March 104.0 98.9 79.0 67.0
Cost 403.0 358.4 293.0 254.6
Accumulated amortisation (299.0) (259.5) (214.0) (187.6)
Net book value 104.0 98.9 79.0 67.0
NOTES TO THE FINANCIAL STATEMENTS
31 March 2008