Singapore Airlines 2011 Annual Report Download - page 67

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ANNUAL REPORT 2010/2011 065
FINANCIAL REVIEW
Performance of the Group (continued)
Statement of Value Added and its Distribution
2010-11 2009-10
$ million $ million
Total revenue 14,524.8 12,707.3
Less: Purchase of goods and services (9,323.4) (8,722.1)
5,201.4 3,985.2
Add:
Interest income 37.3 49.5
Surplus on disposal of aircraft, spares and spare engines 103.3 25.4
Dividends from long-term investments 23.8 33.0
Other non-operating items 80.1 34.2
Share of profits of joint venture companies 74.6 56.1
Share of profits of associated companies 100.5 93.0
Exceptional items (201.8) -
Total value added for distribution 5,419.2 4,276.4
Applied as follows:
To employees:
- Salaries and other staff cost 2,218.4 2,159.4
To government:
- Corporation taxes 270.2 6.0
To suppliers of capital:
- Interim and proposed dividends 1,673.2 143.0
- Finance charges 70.1 68.9
- Non-controlling interests 56.8 63.7
Retained for future capital requirements:
- Depreciation and amortisation 1,711.7 1,762.6
- Retained (loss)/profit (581.2) 72.8
Total value added 5,419.2 4,276.4
Value added per $ revenue ($) 0.37 0.34
Value added per $ employment cost ($) 2.44 1.98
Value added per $ investment in property, plant and equipment ($) 0.22 0.17
Value added is a measure of wealth created. The statement above shows the Group’s valued added and its
distribution by way of payments to employees, government, and to those who have provided capital. It also
indicates the portion retained in the business for future capital requirements.