Singapore Airlines 2012 Annual Report Download - page 166

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164 SINGAPORE AIRLINES
Notes to the Financial Statements
31 March 2012
31 Investments (in $ million)
The Group The Company
31 March 31 March
2012 2011 2012 2011
Available-for-sale investments
Quoted
Government securities 4.1 8.9 - -
Equity investments 32.8 34.3 - -
Non-equity investments 232.0 14.7 209.0 -
268.9 57.9 209.0 -
Unquoted
Government securities 307.5 339.9 307.5 339.9
Non-equity investments 19.9 - 19.9 -
327.4 339.9 327.4 339.9
596.3 397.8 536.4 339.9
Held-to-maturity investments
Quoted non-equity investments 13.8 - 13.8 -
Unquoted non-equity investments 15.0 - 15.0 -
28.8 - 28.8 -
625.1 397.8 565.2 339.9
The Group’s non-equity investments comprise investments in government securities, corporate bonds, credit-linked notes
and money market funds.
The interest rates for quoted and unquoted government securities range from 1.63% to 4.00% (2011: 1.63% to 4.00%)
per annum and 0.27% to 0.39% (2011: 0.27% to 0.38%) per annum respectively. The interest rates for quoted and
unquoted non-equity investments range from 0.12% to 5.88% (2011: 1.10% to 5.88%) per annum and 1.00% to 1.06%
(2011: nil) per annum respectively.
32 Cash and Bank Balances (in $ million)
The Group The Company
31 March 31 March
2012 2011 2012 2011
Fixed deposits 4,260.6 7,128.9 4,234.0 7,102.3
Cash and bank 442.1 305.3 216.7 115.5
4,702.7 7,434.2 4,450.7 7,217.8
As at 31 March 2012, the composition of cash and bank balances held in foreign currencies by the Group is as follows:
USD –10.8% (2011: 13.8%), EUR – 1.6% (2011: 1.1%) and AUD – 0.8% (2011: 1.1%).
Cash at bank earns interest at floating rates based on daily bank deposit rates ranging from 0.01% to 5.40% (2010-
11: 0.01% to 4.87%) per annum. Short-term deposits are made for varying periods of between one day and one year
depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates.
The weighted average effective interest rate for short-term deposits is 0.55% (2010-11: 0.46%) per annum.