Singapore Airlines 2009 Annual Report Download - page 85

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83
CONSOLIDATED PROFIT AND LOSS ACCOUNT
For the fi nancial year ended 31 March 2009 (in $ million)
The Group
Notes 2008-09 2007-08
REVENUE 15,996.3 15,972.5
EXPENDITURE
Staff costs 5 2,545.9 2,903.4
Fuel costs 6,408.4 5,025.6
Depreciation 19, 21 1,649.7 1,488.8
Impairment of property, plant and equipment 19 41.4 -
Amortisation of intangible assets 20 45.5 42.5
Aircraft maintenance and overhaul costs 381.6 430.9
Commission and incentives 394.5 434.4
Landing, parking and overfl ying charges 656.9 665.7
Handling charges 580.7 582.8
Rentals on leased aircraft 487.8 381.9
Material costs 385.3 322.1
Infl ight meals 231.0 255.2
Advertising and sales costs 240.3 261.5
Insurance expenses 60.4 71.7
Company accommodation and utilities 187.2 175.3
Other passenger costs 146.7 137.8
Crew expenses 184.7 144.1
Other operating expenses 464.7 524.3
15,092.7 13,848.0
OPERATING PROFIT 6 903.6 2,124.5
Finance charges 7 (89.7) (100.2)
Interest income 8 96.0 181.2
Surplus on disposal of aircraft, spares and spare engines 60.6 49.1
Dividends from long-term investments, gross 23.7 34.8
Other non-operating items 9 29.4 96.8
Share of profi ts of joint venture companies 63.9 50.8
Share of profi ts of associated companies 111.1 110.2
PROFIT BEFORE TAXATION 1,198.6 2,547.2
TAXATION 10
Taxation expense (190.0) (410.3)
Adjustment for reduction in Singapore statutory tax rate 138.2 -
(51.8) (410.3)
PROFIT FOR THE FINANCIAL YEAR 1,146.8 2,136.9
PROFIT ATTRIBUTABLE TO:
EQUITY HOLDERS OF THE COMPANY 1,061.5 2,049.4
MINORITY INTERESTS 85.3 87.5
1,146.8 2,136.9
BASIC EARNINGS PER SHARE (CENTS) 11 89.6 168.5
DILUTED EARNINGS PER SHARE (CENTS) 11 89.1 166.1
The notes on pages 94 to 204 form an integral part of these fi nancial statements.