Singapore Airlines 2009 Annual Report Download - page 169

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167
22 Subsidiary Companies (in $ million) (continued)
Percentage of
Country of equity held by
Principal incorporation and the Group
activities place of business 2009 2008
SIA (Mauritius) Ltd@@ Pilot recruitment Mauritius 100.0 100.0
All the Singapore-incorporated subsidiary companies are audited by Ernst & Young LLP, Singapore
* Audited by member fi rms of Ernst & Young
** Audited by Baker Tilly
# Audited by KPMG LLP, Singapore
## Audited by member fi rms of KPMG
@ Company newly incorporated and not audited during the fi nancial year
@@ Not required to be audited in country of incorporation
23 Associated Companies (in $ million)
The Group The Company
31 March 31 March
2009 2008 2009 2008
Share of net assets of associated companies
at acquisition date 324.0 324.0 - -
Goodwill on acquisition of associated companies 1,759.6 1,759.6 - -
Unquoted investments at cost 2,083.6 2,083.6 1,592.1 1,592.1
Accumulated impairment loss (18.5) (18.5) (9.4) (9.4)
2,065.1 2,065.1 1,582.7 1,582.7
Goodwill written-off to reserves (1,613.0) (1,613.0) - -
Accumulated amortisation of intangible assets (43.2) (36.7) - -
Foreign currency translation reserve (122.7) (118.9) - -
Share of post-acquisition reserves
- general reserve 339.6 343.9 - -
- fair value reserve 1.0 243.7 - -
- capital reserve 90.0 95.6 - -
716.8 979.7 1,582.7 1,582.7
Loans to associated companies 143.0 145.9 137.1 139.5
Write-down of loans (4.5) (4.6) - -
138.5 141.3 137.1 139.5
855.3 1,121.0 1,719.8 1,722.2
Amounts owing by associated companies 0.4 0.5 - -
Amounts owing to associated companies (0.6) (1.2) - -
Amounts owing to associated companies, net (0.2) (0.7) - -