Singapore Airlines 2012 Annual Report Download - page 71

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069ANNUAL REPORT 2011/2012
Financial Review
Performance of the Group (continued)
Statements of Value Added and its Distribution
2011-12฀ 2010-11
$ million $ million
Total revenue 14,857.8 14,524.8
Less: Purchase of goods and services (10,750.1) (9,323.4)
4,107.7 5,201.4
Add:
Interest income 50.5 37.3
(Loss)/Surplus on disposal of aircraft, spares and spare engines (1.4) 103.3
Dividends from long-term investments 18.0 23.8
Other non-operating items 48.8 80.1
Share of profits of joint venture companies 74.7 74.6
Share of profits of associated companies 51.4 100.5
Exceptional items (5.4) (201.8)
Total value added for distribution 4,344.3 5,419.2
Applied as follows:
To employees:
- Salaries and other staff cost 2,194.4 2,218.4
To government:
- Corporation taxes 51.4 270.2
To suppliers of capital:
- Interim and proposed dividends 235.9 1,673.2
- Finance charges 74.3 70.1
- Non-controlling interests 60.9 56.8
Retained for future capital requirements:
- Depreciation and amortisation 1,627.4 1,711.7
- Retained profit/(loss) 100.0 (581.2)
Total value added 4,344.3 5,419.2
Value added per $ revenue ($) 0.29 0.37
Value added per $ employment cost ($) 1.98 2.44
Value added per $ investment in property, plant and equipment ($) 0.19 0.22
Value added is a measure of wealth created. The statement above shows the Group’s valued added and its distribution by way
of payments to employees, government, and to those who have provided capital. It also indicates the portion retained in the
business for future capital requirements.