Singapore Airlines 2010 Annual Report Download - page 171
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ANNUAL REPORT 2009/10
169
32 Trade and Other Creditors (in $ million)
Trade and other creditors are non-interest bearing. As at 31 March 2010, 9.6% (2009: 12.7%) of trade and other
creditors were held in USD by the Group.
33 Bank Overdrafts (in $ million)
There are no bank overdrafts for both the Group and the Company as at 31 March 2010.
Included in the Group’s bank overdrafts as at 31 March 2009, was a secured banking facility of $1.8 million offered
to certain subsidiary companies. It was secured on the property, plant and equipment and other assets of these
subsidiary companies with a total carrying value of $141.2 million as at 31 March 2009. The effective interest rate
ranged from 2.00% to 3.00% per annum.
The Company’s bank overdrafts of $7.5 million as at 31 March 2009 were unsecured. $1.3 million of the bank
overdrafts bore interest at a rate of 5.00% per annum.
As at 31 March 2009, the composition of bank overdrafts held in foreign currencies by the Group was as follows:
GBP – 14.1% and AUD – 5.3%.
34 Analysis of Capital Expenditure Cash Flow (in $ million)
The Group
31 March
2009-10 2008-09
Purchase of property, plant and equipment 1,575.7 2,066.7
Property, plant and equipment acquired under credit terms (15.4) (35.6)
Cash invested in capital expenditure 1,560.3 2,031.1
35 Capital and Other Commitments (in $ million)
(a) Capital expenditure commitments
The Group and the Company have commitments for capital expenditure. Such commitments aggregated $7,581.7
million (2009: $9,277.1 million) for the Group and $6,839.8 million (2009: $8,154.5 million) for the Company.
The commitments relate principally to the acquisition of aircraft fleet and related equipment.
In addition, the Group’s share of joint venture companies’ commitments for capital expenditures totalled $2.4 million
(2009: $21.8 million).