Singapore Airlines 2008 Annual Report Download - page 60

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Group Valued Added Distribution
2007-08
33.8%
41.0%
19.4%
5.8%
Total฀value฀added
Amount Distribution
$฀million฀ %
Employees 2,903.441.0
Retained฀in฀the฀Business2,396.3 33.8
Suppliers฀of฀Capital1,372.1 19.4
Government 410.35.8
Dollar
Dollar
Value฀Added฀Per฀$฀Employment฀Cost
Value฀Added฀Per฀$฀Revenue
Value฀Added฀Per฀$฀Investment฀in฀Property,฀
Plant฀and฀Equipment฀
0.0
0.5
1.0
1.5
2.0
2.5
3.0
0.0
0.5
1.0
1.5
2.0
2.5
3.0
2007-082006-072005-062004-052003-04
Group Value Added Productivity Ratios
$฀Million
$฀Million
Retained฀in฀the฀Business
Employees
Suppliers฀of฀Capital฀
Government฀
0
500
1,000
1,500
2,000
2,500
3,000
0
500
1,000
1,500
2,000
2,500
3,000
2007-082006-072005-062004-052003-04
Group Value Added Distribution
R1
R1
R1 Excludes write-back of prior years’ tax liabilities of $204.7 million
and $246.7 million for 2003-04 and 2006-07 respectively arising
from reduction in statutory tax rate.
Singapore Airlines Annual Report 2007-08
58
FINANCIAL REVIEW
Performance of the Group (continued)
Value Added
Total฀value฀added฀for฀2007-08฀improved฀8.8฀per฀cent฀(+$572฀million)฀to฀$7,082฀million.฀The฀increase฀was฀mainly฀attributable฀
to฀higher฀revenue฀(+$1,478฀million),฀partially฀offset฀by฀one-off฀gains฀from฀surplus฀on฀sale฀of฀SIA฀Building฀and฀sale฀of฀investment฀
in฀Singapore฀Aircraft฀Leasing฀Enterprise฀last฀year฀(-$421฀million),฀higher฀purchase฀of฀goods฀and฀services฀(-$335฀million)฀and฀
lower฀surplus฀on฀disposal฀of฀aircraft,฀spares฀and฀spare฀engines฀(-$189฀million).
Salaries฀and฀other฀staff฀cost฀accounted฀for฀41.0฀per฀cent฀of฀the฀value฀added,฀0.9฀percentage฀point฀lower฀than฀the฀previous฀year.฀
$1,184฀million฀(16.7฀per฀cent)฀of฀the฀value฀added฀was฀for฀distribution฀to฀equity฀holders฀of฀the฀Company฀(-2.4฀percentage฀points)฀
and฀$2,396฀million฀(33.8฀per฀cent)฀was฀retained฀for฀future฀capital฀requirements฀(+2.9฀percentage฀points).