Singapore Airlines 2009 Annual Report Download - page 125
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123
6 Operating Profi t (in $ million)
Operating profi t for the fi nancial year was arrived at after charging/(crediting):
The Group
2008-09 2007-08
Interest income from short-term investments (0.9) (0.9)
Dividend income from short-term investments (0.8) (0.8)
Loss/(Surplus) on disposal of short-term investments 4.7 (36.7)
Income from operating lease of aircraft (10.5) (36.8)
Amortisation of deferred gain on sale and operating leaseback transactions (86.1) (102.7)
Bad debts written off 2.4 1.1
Impairment of trade debtors 12.3 2.9
Surplus on disposal of non-current assets (2.1) -
Professional fees paid to a fi rm of which a director is a member 0.1 *
Remuneration for auditors of the Company
Audit fees 1.7 1.8
Non-audit fees 1.4 0.9
Exchange (gain)/loss, net (65.3) 117.7
Fuel hedging loss/(gain) recognised in “Fuel costs” 348.3 (232.2)
Ineffectiveness of fuel hedging contracts recognised in “Fuel costs” 4.0 (2.5)
* Amount less than $0.1 million.
7 Finance Charges (in $ million)
The Group
2008-09 2007-08
Interest expenses:
- notes payable 43.4 43.5
- loans 0.7 0.1
- fi nance lease commitments 19.4 35.3
- other receivables measured at amortised cost 20.0 16.7
- realised loss/(gain) on interest rate swap contracts
accounted as cash fl ow hedges 3.9 (1.5)
- fair value loss on interest rate swap contracts
accounted as fair value through profi t and loss 2.2 5.8
89.6 99.9
Commitment fees 0.1 0.3
89.7 100.2