Singapore Airlines 2008 Annual Report Download - page 83

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Singapore Airlines Annual Report 2007-08
81
The Group
Notes 2007-08 2006-07
REVENUE 15,972.5 14,494.4
EXPENDITURE
Staff costs 5 2,903.4 2,727.4
Fuel costs 5,025.6 4,916.7
Depreciation 20 1,488.8 1,319.4
Impairment of property, plant and equipment 20 - 0.6
Amortisation of intangible assets 21 42.5 54.0
Aircraft maintenance and overhaul costs 430.9 311.4
Commission and incentives 434.4 405.1
Landing, parking and overflying charges 665.7 655.1
Handling charges 582.8 603.1
Rentals on leased aircraft 381.9 379.9
Material costs 322.1 316.6
Inflight meals 255.2 260.3
Advertising and sales costs 261.5 257.8
Insurance expenses 71.7 94.1
Company accommodation and utilities 175.3 170.0
Other passenger costs 137.8 133.8
Crew expenses 144.1 125.0
Other operating expenses 524.3 449.7
13,848.0 13,180.0
OPERATING PROFIT 6 2,124.5 1,314.4
Finance charges 7 (100.2) (124.1)
Interest income 8 181.2 181.8
Surplus on disposal of aircraft, spares and spare engines 49.1 237.9
Dividends from long-term investments, gross 34.8 38.8
Other non-operating items 9 96.8 77.9
Share of profits of joint venture companies 50.8 57.9
Share of profits of associated companies 110.2 79.0
PROFIT BEFORE EXCEPTIONAL ITEMS 2,547.2 1,863.6
Exceptional items 10 - 421.0
PROFIT BEFORE TAXATION 2,547.2 2,284.6
TAXATION 11
Taxation expense (410.3) (328.9)
Adjustment for reduction in Singapore statutory tax rate - 246.7
(410.3) (82.2)
PROFIT FOR THE FINANCIAL YEAR 2,136.9 2,202.4
PROFIT ATTRIBUTABLE TO:
EQUITY HOLDERS OF THE COMPANY 2,049.4 2,128.8
MINORITY INTERESTS 87.5 73.6
2,136.9 2,202.4
BASIC EARNINGS PER SHARE (CENTS) 12 168.5 172.6
DILUTED EARNINGS PER SHARE (CENTS) 12 166.1 170.8
CONSOLIDATED PROFIT AND LOSS ACCOUNT
For the financial year ended 31 March 2008 (in $ million)
The notes on pages 88 to 160 form an integral part of these financial statements.