Singapore Airlines 2010 Annual Report Download - page 166

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SINGAPORE AIRLINES
164
notes to the financial statements
31 march 2010
24 Joint Venture Companies (in $ million) (continued)
The joint venture companies at 31 March are:
Percentage of
Country of equity held by
incorporation and the Group
Principal activities place of business 2010 2009
International Engine Component Repair and overhaul of aero Singapore 40.3 40.4
Overhaul Pte Ltd*+ engine components and parts
Singapore Aero Engine Services Repair and overhaul of aircraft - do - 40.3 40.4
Private Limited*+ engines
SembCorp Network Pte Ltd**+@ Provision of logistics support - do - - 40.3
and services
* Audited by Ernst & Young LLP, Singapore
** Audited by KPMG LLP, Singapore
+ Financial year end 31 December
@ This company is part of SATS Group which was disposed during the financial year
25 Long-Term Investments (in $ million)
The Group The Company
31 March 31 March
2010 2009 2010 2009
Unquoted equity investments 44.5 52.4 28.0 28.0
Accumulated impairment loss (9.2) (9.2) (9.2) (9.2)
35.3 43.2 18.8 18.8
Analysis of accumulated impairment loss:
Balance at 1 April 9.2 9.1 9.2 9.1
Charged during the year - 0.1 - 0.1
Balance at 31 March 9.2 9.2 9.2 9.2
During the previous financial year, the Group and the Company recorded an impairment loss in the profit and loss
account of $0.1 million pertaining to unquoted equity investments.