Singapore Airlines 2012 Annual Report Download - page 161

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159ANNUAL REPORT 2011/2012
Notes to the Financial Statements
31 March 2012
24 Associated Companies (in $ million) (continued)
The associated companies at 31 March are:
Percentage of
Country of equity held by
incorporation and the Group
Principal activities place of business 2012 2011
International Aerospace Tubes-Asia Repair of tubes, ducts and manifolds - do - 26.4 26.6
Pte Ltd^++ for aircraft engines and
airframe application
Turbine Coating Services Repair and overhaul of aircraft engine - do - 19.4 19.5
Pte Ltd^+++ turbine airfoils
Asian Compressor Technology Repair and overhaul of aircraft engine Taiwan 19.4 19.5
Services Co Ltd^^++ high pressure compressor stators
PT Purosani Sri Persada Hotel ownership and management Indonesia 20.0 20.0
Great Wall Airlines Company Limited#++ Air cargo transportation People’s Republic 25.0 25.0
of China
@ Audited by Ernst & Young LLP, Singapore
@@ Audited by RSM Chio Lim, Indonesia
@@@ Audited by RSM Chio Lim, Singapore
@@@@ Audited by BDO Limited, Hong Kong
* Audited by member firms of KPMG
** Audited by KPMG, Singapore
^ Audited by Pricewaterhouse Coopers LLP, Singapore
^^ Audited by member firms of Pricewaterhouse Coopers
# Audited by member firms of Deloitte Touche Tohmatsu
+ Financial year end 28 February
++ Financial year end 31 December
+++ Financial year end 30 November
25 Joint Venture Companies (in $ million)
The Group
31 March
2012 2011
Investment in joint venture companies (unquoted, at cost) 56.6 56.6
Share of post-acquisition reserves
- general reserve 82.2 70.6
- share of other comprehensive income (0.5) 0.6
- foreign currency translation reserve (25.1) (25.0)
113.2 102.8