Singapore Airlines 2008 Annual Report Download - page 139

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Singapore Airlines Annual Report 2007-08
137
23 Associated Companies (in $ million) (continued)
Country of Percentage of
incorporation equity held
and place Cost (in $ million) by the Group
Principal activities of business 2008 2007 2008 2007
PT JAS Aero-Engineering Services+ Provide aircraft maintenance Indonesia 3.67 3.67 39.7 40.1
services, including technical and
non-technical handling at the
airport
PT Purosani Sri Persada Hotel ownership and management - do - 5.80 5.80 20.0 20.0
Great Wall Airlines Company Air cargo transportation People’s 50.30 42.90 25.0 25.0
Limited+ Republic
of China
@ Audited by Ernst & Young, Singapore
@@ Audited by associated firms of Ernst & Young, Singapore
* Audited by KPMG LLP United Kingdom
** Audited by S.B.Billimoria & Co
^ Audited by KPMG, Hong Kong
^^ Audited by Pricewaterhouse Coopers, Singapore
^^^ Audited by Osman Ramli Setrio & Rekan – Member firm of Deloitte Touche Tohmatsu
# The value is $1
+ Financial year end 31 December
++ Financial year end 29 February
The summarised financial information of the associated companies are as follows:
The Group
31 March
2008 2007
Assets and liabilities
Current assets 4,500.2 3,816.8
Non-current assets 2,692.7 2,683.9
7,192.9 6,500.7
Current liabilities (3,176.0) (2,752.8)
Non-current liabilities (1,832.4) (1,855.2)
(5,008.4) (4,608.0)
2007-08 2006-07
Results
Revenue 9,643.9 9,116.4
Profit for the period 368.7 382.3
NOTES TO THE FINANCIAL STATEMENTS
31 March 2008