Singapore Airlines 2010 Annual Report Download - page 60

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SINGAPORE AIRLINES
58
financial review
Performance of the Group (continued)
Proforma Consolidated Profit and Loss Account
Proforma R6
2009-10 2008-09
$ million $ million
REVENUE 12,707.3 15,726.4
EXPENDITURE
Staff costs 2,159.4 2,320.9
Fuel costs 4,194.5 6,408.4
Depreciation 1,713.8 1,616.1
Impairment of property, plant and equipment 6.1 41.4
Amortisation of intangible assets 42.7 37.5
Aircraft maintenance and overhaul costs 342.4 381.6
Commissions and incentives 316.5 394.5
Landing, parking and overflying charges 588.6 656.9
Handling charges 784.9 770.4
Rentals on leased aircraft 552.9 487.8
Material costs 375.4 268.7
Inflight meals 347.7 379.2
Advertising and sales costs 210.3 234.0
Insurance expenses 57.6 60.4
Company accommodation and utilities 142.0 140.0
Other passenger costs 130.4 146.7
Crew expenses 153.4 184.7
Other operating expenses 525.5 401.2
12,644.1 14,930.4
OPERATING PROFIT 63.2 796.0
Finance charges (68.9) (85.5)
Interest income 49.5 93.4
Surplus on disposal of aircraft, spares and spare engines 25.4 60.6
Dividends from long-term investments, gross 33.0 22.5
Other non-operating items 34.2 41.3
Share of profits of joint venture companies 56.1 63.9
Share of profits of associated companies 93.0 96.9
PROFIT BEFORE TAXATION 285.5 1,089.1
TAXATION
Taxation expense (6.0) (170.0)
Adjustment for reduction in Singapore statutory tax rate - 135.3
(6.0) (34.7)
PROFIT FOR THE FINANCIAL YEAR 279.5 1,054.4
PROFIT ATTRIBUTABLE TO:
EQUITY HOLDERS OF THE COMPANY 215.8 986.7
MINORITY INTERESTS 63.7 67.7
279.5 1,054.4
R6 SATS Group was deconsolidated from the Group with effect from 1 September 2009, after completion of the distribution. For comparision
purposes, a proforma consolidated profit and loss account for 2008-09 was prepared to exclude the operations of SATS Group from
1 September 2008.