Singapore Airlines 2010 Annual Report Download - page 126
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SINGAPORE AIRLINES
124
notes to the financial statements
31 march 2010
4 Segment Information (in $ million) (continued)
Geographical segments
The following table presents revenue information on airline operations by geographical areas for the financial years
ended 31 March 2010 and 2009.
By area of original sale
2009-10 2008-09
East Asia 3,791.5 4,636.4
Europe 1,534.0 2,067.6
South West Pacific 1,291.6 1,793.9
Americas 620.4 751.0
West Asia and Africa 493.6 676.2
Systemwide 7,731.1 9,925.1
Non-scheduled services and incidental revenue 2,948.9 3,667.1
10,680.0 13,592.2
5 Staff Costs (in $ million)
The Group
2009-10 2008-09
Salary, bonuses and other costs 2,023.1 2,356.7
CPF and other defined contributions 92.8 120.6
Share-based compensation expense 43.5 68.6
2,159.4 2,545.9
As part of the Singapore Budget 2009, the Singapore Finance Minister announced the introduction of a Jobs Credit
Scheme (“Scheme”). Under this Scheme, the Group received a 12% cash grant on the first $2,500 of each month’s
wages for each employee on their Central Provident Fund (“CPF”) payroll in four receipts in March, June, September
and December 2009. The Scheme was later extended with an additional payment in March 2010 at stepped down
rates, where the Group received 6% cash grant on the first $2,500 of each month’s wages for each employee on their
CPF payroll. The total grant received was $35.2 million (2008-09: $9.5 million) and this is accounted as a reduction
in the CPF contribution.
The Group contributes to several post-employment defined benefit plans for employees at several overseas locations.
Employees may contribute in some of these plans and these contributions are matched in varying amounts by the
Group. Defined benefit expenses for the Group were $18.8 million for 2009-10 and $14.7 million for 2008-09.
As these are not material to the total staff costs of the Group for 2009-10 and 2008-09, additional disclosures of
these defined benefit plans are not shown.