Singapore Airlines 2010 Annual Report Download - page 194
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SINGAPORE AIRLINES
192
notes to the financial statements
31 march 2010
40 Related Party Transactions (in $ million)
For the purposes of these financial statements, parties are considered to be related to the Group if the Group has the
ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial
and operating decisions, or vice versa, or where the Group and the party are subject to common control. Related
parties may be individuals or other entities.
In addition to the related party information disclosed elsewhere in the financial statements, these were the following
significant related party transactions which were carried out in the normal course of business on terms that prevail in
arm’s length transactions during the financial year:
The Group The Company
2009-10 2008-09 2009-10 2008-09
Purchases of services from subsidiary companies - - 493.4 781.4
Services rendered to subsidiary companies - - (1,045.3) (1,432.8)
Purchases of services from associated companies 34.8 132.8 20.1 82.0
Services rendered to associated companies (5.7) (40.7) (4.0) (14.6)
Purchases of services from joint venture companies 0.3 1.2 0.3 1.2
Services rendered to joint venture companies (10.3) (10.8) - (0.8)
Directors’ and key executives’ remuneration of the Company
The Company
2009-10 2008-09
Directors
Salary, bonuses and other costs 4.0 6.3
CPF and other defined contributions * *
Share-based compensation expense 0.9 1.2
4.9 7.5
Key executives (excluding executive directors)
Salary, bonuses and other costs 3.4 5.7
CPF and other defined contributions * *
Share-based compensation expense 1.1 1.2
4.5 6.9
* Amount less than $0.1 million