Singapore Airlines 2009 Annual Report Download - page 96

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94
1 General
Singapore Airlines Limited (“the Company”) is a limited liability company incorporated in the Republic of
Singapore which is also the place of domicile. The Company is listed on the Singapore Exchange Securities
Trading Limited (“SGX-ST”) and is a subsidiary company of Temasek Holdings (Private) Limited, incorporated
in the Republic of Singapore.
The registered offi ce of the Company is at Airline House, 25 Airline Road, Singapore 819829.
The principal activities of the Group consist of passenger and cargo air transportation, airport terminal
and food operations, engineering services, training of pilots, air charters and tour wholesaling and related
activities. The principal activity of the Company consists of passenger air transportation.
The fi nancial statements for the fi nancial year ended 31 March 2009 were authorised for issue in accordance
with a resolution of the Board of Directors on 14 May 2009.
2 Accounting Policies
The accounting policies have been consistently applied by the Group and the Company and are consistent
with those used in the previous fi nancial year.
(a) Basis of preparation
The consolidated fi nancial statements of the Group and the balance sheet and statement of changes in equity
of the Company have been prepared in accordance with Singapore Financial Reporting Standards (“FRS”).
The fi nancial statements have been prepared on the historical cost basis except as disclosed in the
accounting policies below.
The fi nancial statements are presented in Singapore Dollars (SGD or $).
(b) New and revised standards
In the current fi nancial year, the Group has adopted all of the new, revised FRS and Interpretations
of FRS (“INT FRS”) that are relevant to its operations and effective for annual periods beginning on or
after 1 April 2008. The adoption of these new/revised FRS and INT FRS does not result in changes to
the Group’s accounting policies and has no material effect on the fi nancial statements reported for the
current or prior years.
At the date of authorisation of these fi nancial statements, the following FRS, INT FRS and amendments
to FRS were issued but not effective.
NOTES TO THE FINANCIAL STATEMENTS
31 March 2009