Singapore Airlines 2008 Annual Report Download - page 58

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$฀Million
$฀Million
Internally฀Generated฀Cash฀Flow฀($฀million)
0
1,000
2,000
3,000
4,000
5,000
6,000
0
1,000
2,000
3,000
4,000
5,000
6,000
2007-082006-072005-062004-052003-04
Internally Generated Cash Flow
Dividend฀Cover฀(Times)฀
Interim฀Dividend฀(¢)
Final฀Dividend฀(¢)฀
Special฀Dividend฀(¢)
Cents
Times
0
10
20
30
40
50
60
70
80
90
100
0.0
0.5
1.0
1.5
2.0
2.5
3.0
2007-082006-072005-062004-052003-04
Dividend Payout
Cash฀Flow:฀Capital฀Expenditure฀Ratio฀(Times)
Capital฀Expenditure฀On฀Aircraft,฀Engines฀and฀Spares฀($฀million)
Other฀Capital฀Expenditure฀($฀million)
$฀Million
Times
0
500
1,000
1,500
2,000
2,500
3,000
3,500
0.5
0.8
1.1
1.4
1.7
2.0
2.3
2.6
2007-082006-072005-062004-052003-04
Group Capital Expenditure
Singapore Airlines Annual Report 2007-08
56
FINANCIAL REVIEW
Performance of the Group (continued)
Financial Position of the Group (continued)
For฀the฀nancial฀year฀ended฀31฀March฀2008,฀the฀Board฀recommends฀a฀total฀distribution฀of฀100฀cents฀per฀share,฀comprising฀
20฀cents฀interim฀dividend฀paid฀on฀30฀November฀2007฀and฀a฀recommended฀nal฀dividend฀of฀80฀cents฀per฀share฀(tax฀exempt฀
one-tier).฀The฀dividend฀cover฀is฀1.7฀times.
Capital Expenditure and Cash Flow of the Group
Capital฀expenditure฀was฀$2,089฀million,฀31.0฀per฀cent฀lower฀than฀the฀year฀before.฀Internally฀generated฀cash฀ow฀of฀$5,092฀
million฀(+5.6฀per฀cent)฀was฀2.44฀times฀capital฀expenditure.฀The฀increase฀in฀internally฀generated฀cash฀ow฀was฀driven฀primarily฀
by฀higher฀cash฀generated฀from฀operations฀and฀dividends฀received฀from฀associated฀and฀joint฀venture฀companies,฀offset฀by฀
lower฀proceeds฀from฀disposal฀of฀aircraft฀and฀other฀assets.฀About฀94฀per฀cent฀of฀the฀capital฀spending฀was฀on฀aircraft฀and฀spare฀
engines.