Singapore Airlines 2010 Annual Report Download - page 147
Download and view the complete annual report
Please find page 147 of the 2010 Singapore Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
 |
 |
ANNUAL REPORT 2009/10
145
18 Long-Term Liabilities and Provisions (in $ million) (continued)
Finance leases commitments (continued)
Included in the previous financial year were finance lease agreements entered into by SATS Group for the lease of
tractors for a period of 10 years from March 2008. The principal is payable by instalments over a period of 120
months, at an interest rate of 5.10% per annum. In addition, the SATS Group had finance leases for certain items of
plant, machinery and equipment. These lease agreements did not have renewal clauses but provide the SATS Group
with options to purchase the leased assets at nominal values at the end of the lease term.
Future lease payments under these finance leases are as follows:
The Group
31 March
2010 2009
Minimum Repayment Minimum Repayment
Payments of Principal Payments of Principal
Not later than one year 78.2 64.5 85.2 66.9
Later than one year but not later than five years 310.5 275.3 359.4 308.2
Later than five years 106.3 99.1 188.5 173.4
Total future lease payments 495.0 438.9 633.1 548.5
Amounts representing interest (56.1) - (84.6) -
Principal value of finance lease commitments 438.9 438.9 548.5 548.5
Provisions
Included are provisions made for upgrade costs and return costs for aircraft under sales and leaseback arrangement.
It is expected that the return costs will be incurred by the end of the lease terms.
An analysis of the provisions is as follows:
The Group The Company
31 March 31 March
2010 2009 2010 2009
Balance at 1 April 155.9 134.3 114.8 110.2
Provision during the year 80.0 73.9 61.2 56.9
Provision utilised during the year (35.8) (53.5) (32.5) (53.5)
Exchange (gain)/loss (0.9) 1.2 (0.9) 1.2
Balance at 31 March 199.2 155.9 142.6 114.8
Current 35.5 35.3 9.5 26.7
Non-current 163.7 120.6 133.1 88.1
199.2 155.9 142.6 114.8