Singapore Airlines 2010 Annual Report Download - page 170

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SINGAPORE AIRLINES
168
notes to the financial statements
31 march 2010
30 Investments (in $ million)
The Group The Company
31 March 31 March
2010 2009 2010 2009
Available-for-sale investments
Quoted investments
Government securities 11.6 10.4 - -
Equity investments 34.1 20.1 - -
Non-equity investments 14.9 104.8 - 87.7
60.6 135.3 - 87.7
Unquoted investments
Government securities 80.0 499.9 80.0 499.9
Non-equity investments - 20.4 - -
80.0 520.3 80.0 499.9
140.6 655.6 80.0 587.6
The Group’s non-equity investments comprise investments in government securities and corporate bonds. During the
previous financial year, the Group recorded an impairment loss in the profit and loss account of $9.7 million pertaining
to unquoted non-equity investments.
The interest rates for quoted and unquoted government securities range from 1.63% to 4.63% (2009: 1.63% to
4.63%) per annum and 0.19% to 0.60% (2009: 0.23% to 0.74%) per annum respectively. The interest rates for
unquoted non-equity investments range from 1.81% to 4.00% per annum for the previous financial year.
31 Cash and Bank Balances (in $ million)
The Group The Company
31 March 31 March
2010 2009 2010 2009
Fixed deposits 4,069.8 3,540.8 4,038.7 3,432.0
Cash and bank 402.1 307.2 222.0 26.0
4,471.9 3,848.0 4,260.7 3,458.0
As at 31 March 2010, the composition of cash and bank balances held in foreign currencies by the Group is as follows:
USD – 11.0% (2009: 21.6%), EUR – 1.5% (2009: 1.5%) and AUD – 1.2% (2009: 0.9%).
Cash at bank earns interest at floating rates based on daily bank deposit rates ranging from 0.01% to 4.03% (2008-
09: 0.02% to 7.50%) per annum. Short-term deposits are made for varying periods of between one day and one year
depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit
rates. The weighted average effective interest rate for short-term deposits is 0.35% (2008-09: 1.14%) per annum.