Singapore Airlines 2011 Annual Report Download - page 160

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SINGAPORE AIRLINES
158
NOTES TO THE FINANCIAL STATEMENTS
31 March 2011
25 Joint Venture Companies (in $ million)
The Group
31 March
2011 2010
Investment in joint venture companies (unquoted, at cost) 56.6 56.6
Share of post-acquisition reserves
- general reserve 70.6 66.6
- share of other comprehensive income 0.6 -
- foreign currency translation reserve (25.0) (14.6)
102.8 108.6
The Group’s share of the consolidated assets and liabilities, and results of joint venture companies are as follows:
The Group
31 March
2011 2010
Assets and liabilities
Current assets 61.9 139.4
Non-current assets 138.5 74.8
200.4 214.2
Current liabilities (52.9) (63.0)
Non-current liabiltiies (44.7) (42.6)
(97.6) (105.6)
2010-11 2009-10
Results
Revenue 728.1 595.6
Expenses (653.5) (539.5)
74.6 56.1
The joint venture companies at 31 March are:
Percentage of
Country of equity held by
incorporation and the Group
Principal activities place of business 2011 2010
International Engine Component Repair and overhaul of aero Singapore 39.9 40.3
Overhaul Pte Ltd*+ engine components and parts
Singapore Aero Engine Services Repair and overhaul of aircraft - do - 39.9 40.3
Private Limited*+ engines
* Audited by Ernst & Young LLP, Singapore
+ Financial year end 31 December