Singapore Airlines 2011 Annual Report Download - page 183

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ANNUAL REPORT 2010/2011 181
NOTES TO THE FINANCIAL STATEMENTS
31 March 2011
38 Financial Risk Management Objectives and Policies (in $ million) (continued)
(e) Liquidity risk (continued)
More
Within 1 - 2 2 - 3 3 - 4 4 - 5 than
2010 1 year years years years years 5 years Total
The Group
Notes payable 37.4 928.0 - - - - 965.4
Finance lease commitments 78.2 80.4 82.5 83.3 64.3 106.3 495.0
Trade and other creditors 2,295.1 - - - - - 2,295.1
Amounts owing to
associated companies 2.0 - - - - - 2.0
Derivative financial instruments:
Currency hedging contracts 17.3 - - - - - 17.3
Fuel hedging contracts 112.9 - - - - - 112.9
Cross currency swap contracts 43.5 - - - - - 43.5
Interest rate swap contracts 29.9 - - - - - 29.9
2,616.3 1,008.4 82.5 83.3 64.3 106.3 3,961.1
The Company
Notes payable 37.4 928.0 - - - - 965.4
Trade and other creditors 1,755.5 - - - - - 1,755.5
Amounts owing to
subsidiary companies 1,298.0 - - - - - 1,298.0
Derivative financial instruments:
Currency hedging contracts 14.5 - - - - - 14.5
Fuel hedging contracts 93.6 - - - - - 93.6
Interest rate swap contracts 13.0 - - - - - 13.0
3,212.0 928.0 - - - - 4,140.0
(f) Credit risk
The Group has an independent Group Debts Review Committee to review the follow up actions on
outstanding receivables monthly. On a day-to-day basis, the respective Finance divisions have the
primary responsibility for measuring and managing specific risk exposures.
The maximum exposure to credit risk for the Group and the Company are as follows:
The Group The Company
31 March 31 March
2011 2010 2011 2010
Long-term investments 35.3 35.3 18.8 18.8
Other receivables 119.6 114.4 119.6 114.4
Trade debtors 1,402.1 1,347.8 976.7 958.0
Deposits and other debtors 52.0 66.3 33.5 41.9
Prepayments 103.6 92.6 89.5 82.0
Amounts owing by subsidiary companies - - 194.0 141.0
Loan to a subsidiary company - - - 50.0
Investments 397.8 140.6 339.9 80.0
Cash and bank balances 7,434.2 4,471.9 7,217.8 4,260.7
9,544.6 6,268.9 8,989.8 5,746.8