Singapore Airlines 2009 Annual Report Download - page 55

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53
Performance of the Group (continued)
Financial Position of the Group (continued)
For the fi nancial year ended 31 March 2009, the Board recommends a total distribution of 40 cents per share,
comprising 20 cents interim dividend paid on 4 December 2008 and a recommended fi nal dividend of 20 cents
per share. The dividend cover is 2.2 times.
Capital Expenditure and Cash Flow of the Group
Capital expenditure was $2,031 million, 2.8 per cent lower than the year before. Internally generated cash fl ow
of $2,773 million (-44.9 per cent) was 1.37 times capital expenditure. The decrease in internally generated
cash fl ow was driven primarily by lower cash generated from operations, partially offset by higher proceeds
from disposal of aircraft and other assets and dividends received from associated and joint venture companies.
About 93 per cent of the capital spending was on aircraft and spare engines.