Singapore Airlines 2012 Annual Report Download - page 140

Download and view the complete annual report

Please find page 140 of the 2012 Singapore Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 206

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206

138 SINGAPORE AIRLINES
Notes to the Financial Statements
31 March 2012
6 Operating Profit (in $ million)
Operating profit for the financial year was arrived at after charging/(crediting):
The Group
฀ 2011-12฀ 2010-11
Interest income from short-term investments (0.7) (0.8)
Dividend income from short-term investments (0.9) (0.9)
Loss/(Surplus) on disposal of short-term investments 0.3 (6.3)
Income from operating lease of aircraft (116.8) (91.8)
Amortisation of deferred gain on sale and operating leaseback transactions (18.3) (29.0)
Bad debts written off 1.3 0.8
Writeback of impairment of trade debtors (0.2) (1.5)
Remuneration for auditors of the Company
Audit fees 1.5 1.5
Non-audit fees 0.7 0.7
Exchange loss, net 36.6 71.5
Currency hedging loss 56.2 38.2
Fuel hedging (gain)/loss recognised in “Fuel costs” (24.0) 62.1
7฀ Finance฀Charges฀(in฀$฀million)
The Group
฀ 2011-12฀ 2010-11
Notes payable 49.4 52.3
Other receivables measured at amortised cost 10.1 -
Finance lease commitments 8.0 9.9
Realised loss on interest rate swap contracts accounted as cash flow hedges 5.9 7.1
Fair value gain on interest rate swap contracts accounted as fair value
through profit and loss (1.6) (1.8)
Commitment fees 2.5 2.6
74.3 70.1
8 Interest Income (in $ million)
The Group
฀ 2011-12฀ 2010-11
Interest income from fixed deposits and investments 32.4 26.7
Amortised interest income from other receivables 6.1 9.5
Others 12.0 1.1
50.5 37.3
9฀ Other฀Non-operating฀Items฀(in฀$฀million)
The Group
฀ 2011-12฀ 2010-11
Return of capital by an associated company 48.1 -
Dividends from an associated company 4.9 -
Surplus on disposal of other property, plant and equipment 1.8 1.0
Liquidated damages (0.4) 79.8
Provision for impairment in an associated company (5.6) -
Loss on sale of Service Quality (SQ) Centre Pte Ltd - (0.7)
48.8 80.1