Singapore Airlines 2009 Annual Report Download - page 113
Download and view the complete annual report
Please find page 113 of the 2009 Singapore Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
 |
 |
111
2 Accounting Policies (continued)
(aa) Revenue (continued)
Revenue is principally earned from the carriage of passengers, cargo and mail, the rendering of airport
terminal and food operations, engineering services, training of pilots, air charters and tour wholesaling
and related activities. Revenue for the Group excludes dividends from subsidiary companies and
intra-group transactions.
Passenger and cargo sales are recognised as operating revenue when the transportation is provided.
The value of unused tickets and air waybills is included in current liabilities as sales in advance of
carriage. The value of tickets and air waybills are recognised as revenue if unused after two years and
one year respectively.
Revenue from the provision of airport terminal services is recognised upon rendering of services.
Revenue from manufacturing and exporting chilled and frozen processed foods is recognised upon
delivery and acceptance of goods sold.
Revenue from repair and maintenance of aircraft, engine and component overhaul is recognised
based on the percentage of completion of the projects. The percentage of completion of the projects
is determined based on the number of man-hours incurred to date against the estimated man-hours
needed to complete the projects.
Rental income from lease of aircraft is recognised on a straight-line basis over the lease term.
Rental income arising on investment properties is accounted for on a straight-line basis over the
lease terms.
(ab) Income from investments
Dividend income from investments is recognised when the Group’s right to receive the payment
is established.
Interest income from investments and fi xed deposits is recognised using the effective interest method.
(ac) Employee benefi ts
(i) Equity compensation plans
Employees of the Group receive remuneration in the form of share options and share awards as
consideration for services rendered.