Singapore Airlines 2012 Annual Report Download - page 186
Download and view the complete annual report
Please find page 186 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.-
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
 |
 |
184 SINGAPORE AIRLINES
38 Financial Risk Management Objectives and Policies (in $ million) (continued)
(g) Counterparty risk (continued)
The Group determines concentrations of credit risk by monitoring the industry, country and credit rating of its
counterparties. The table below shows an analysis of credit risk exposures of balances that exceed 5% of the financial
assets of the Group and the Company as at 31 March:
The Group The Company
Outstanding Percentage of total Outstanding Percentage of total
balance financial assets balance financial assets
2012 2011 2012 2011 2012 2011 2012 2011
Counterparty profiles
By industry:
Travel agencies 637.3 348.2 8.6% 3.7% 340.7 327.9 5.1% 3.7%
Airlines 344.1 275.2 4.7% 2.9% 116.3 139.9 1.7% 1.6%
Financial institutions 5,132.9 7,725.3 69.5% 81.8% 4,837.6 7,549.5 72.5% 84.8%
Others 942.0 487.6 12.7% 5.2% 885.2 177.2 13.3% 2.0%
7,056.3 8,836.3 95.5% 93.6% 6,179.8 8,194.5 92.6% 92.1%
By region:
East Asia 4,935.0 3,414.1 66.8% 36.2% 4,424.2 3,037.3 66.3% 34.1%
Europe 677.0 3,834.0 9.1% 40.6% 495.6 3,729.7 7.4% 41.9%
South West Pacific 982.0 1,199.2 13.3% 12.7% 944.4 1,169.7 14.1% 13.2%
Americas 351.9 277.3 4.8% 2.9% 250.8 187.2 3.8% 2.1%
West Asia and Africa 110.4 111.7 1.5% 1.2% 64.8 70.6 1.0% 0.8%
7,056.3 8,836.3 95.5% 93.6% 6,179.8 8,194.5 92.6% 92.1%
By Moody’s credit ratings:
Investment grade (A to Aaa) 5,669.5 7,719.8 76.7% 81.8% 5,400.6 7,503.3 80.9% 84.3%
Investment grade (Baa) 1.7 3.2 0.0% 0.0% 0.8 0.3 0.0% 0.0%
Non-rated 1,385.1 1,113.3 18.8% 11.8% 778.4 690.9 11.7% 7.8%
7,056.3 8,836.3 95.5% 93.6% 6,179.8 8,194.5 92.6% 92.1%
Notes to the Financial Statements
31 March 2012