Singapore Airlines 2011 Annual Report Download - page 65

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ANNUAL REPORT 2010/2011 063
FINANCIAL REVIEW
Performance of the Group (continued)
Dividends
For the financial year ended 31 March 2011, the Board recommends a final dividend of 40 cents per share.
After considering the financial performance and long-term capital adequacy of the Company, the Board
is recommending a special dividend of 80 cents per share. Including the interim dividend of 20 cents per
share paid on 8 December 2010, the total dividend for the 2010-11 financial year will be $1.40 per share.
This amounts to a payout of approximately $1,673 million based on the number of issued shares as at
31 March 2011. The dividend cover is 0.7 times.
Capital Expenditure and Cash Flow of the Group
Capital expenditure was $1,224 million, 21.6 per cent lower than the year before. About 91 per cent of the
capital spending was on aircraft, spares and spare engines. Internally generated cash flow of $4,434 million
(+83.0 per cent) was 3.62 times capital expenditure. The increase in internally generated cash flow was
primarily driven by the improved operating performance.