Singapore Airlines 2011 Annual Report Download - page 138

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SINGAPORE AIRLINES
136
NOTES TO THE FINANCIAL STATEMENTS
31 March 2011
6 Operating Profit (in $ million)
Operating profit for the financial year was arrived at after charging/(crediting):
The Group
2010-11 2009-10
Interest income from short-term investments (0.8) (0.9)
Dividend income from short-term investments (0.9) (0.7)
Surplus on disposal of short-term investments (6.3) (3.6)
Income from operating lease of aircraft (91.8) (1.0)
Amortisation of deferred gain on sale and operating leaseback transactions (29.0) (64.7)
Bad debts written off 0.8 0.8
Writeback of impairment of trade debtors (1.5) -
Professional fees paid to a firm of which a director is a member 0.5 0.5
Remuneration for auditors of the Company
Audit fees 1.5 1.6
Non-audit fees 0.7 0.9
Exchange loss, net 71.5 54.3
Currency hedging loss 38.2 17.7
Fuel hedging loss recognised in “Fuel costs” 62.1 558.0
Ineffectiveness of fuel hedging contracts recognised in “Fuel costs” - 0.3
7 Finance Charges (in $ million)
The Group
2010-11 2009-10
Notes payable 52.3 39.9
Loans - 0.8
Finance lease commitments 9.9 10.9
Other receivables measured at amortised cost - 7.6
Realised loss on interest rate swap contracts accounted as cash flow hedges 7.1 9.5
Fair value gain on interest rate swap contracts accounted as fair value
through profit and loss (1.8) (2.1)
Commitment fees 2.6 2.3
70.1 68.9
8 Interest Income (in $ million)
The Group
2010-11 2009-10
Fixed deposits 26.7 19.3
Amortised interest income from other receivables 9.5 23.0
Others 1.1 7.2
37.3 49.5
9 Other Non-operating Items (in $ million)
The Group
2010-11 2009-10
Recognition of liquidated damages 79.8 20.4
Surplus on disposal of other property, plant and equipment 1.0 6.9
Loss on sale of Service Quality (SQ) Centre Pte Ltd (0.7) -
Gain on disposal of SATS shares - 6.4
Amortisation of deferred gain on sale and finance leaseback transactions - 0.5
80.1 34.2