Singapore Airlines 2012 Annual Report Download - page 162

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160 SINGAPORE AIRLINES
Notes to the Financial Statements
31 March 2012
25 Joint Venture Companies (in $ million) (continued)
The Group’s share of the consolidated assets and liabilities, and results of joint venture companies are as follows:
The Group
31 March
2012 2011
Assets and liabilities
Current assets 61.0 61.9
Non-current assets 194.7 138.5
255.7 200.4
Current liabilities (84.1) (52.9)
Non-current liabilities (58.4) (44.7)
(142.5) (97.6)
฀ ฀ ฀ ฀ ฀ ฀ ฀ ฀2011-12฀฀ ฀2010-11฀
Results
Revenue 754.8 728.1
Expenses (680.1) (653.5)
74.7 74.6
The joint venture companies at 31 March are:
Percentage of
Country of equity held by
incorporation and the Group
Principal activities place of business 2012 2011
International Engine Component Repair and overhaul of aero engine Singapore 39.7 39.9
Overhaul Pte Ltd components and parts
Singapore Aero Engine Services Pte Ltd Repair and overhaul of aircraft engines Singapore 39.7 39.9
The joint venture companies are audited by Ernst and Young LLP, Singapore and have financial year end of 31 December.