Singapore Airlines 2012 Annual Report Download - page 74

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072 SINGAPORE AIRLINES
Financial Review
Performance of the Company (continued)
Earnings
2011-12฀ 2010-11฀
฀ ฀ ฀ $฀million฀ $฀million฀฀ %฀ Change
Revenue 12,070.1 11,739.1 + 2.8
Expenditure 11,889.5 10,887.8 + 9.2
Operating profit 180.6 851.3 - 78.8
Finance charges (65.9) (59.1) + 11.5
Interest income 50.0 38.6 + 29.5
(Loss)/Surplus on disposal of aircraft, spares and spare engines (3.8) 98.9 n.m.
Dividends from subsidiary and associated companies 271.0 172.5 + 57.1
Dividends from long-term investments 3.9 10.2 - 61.8
Other non-operating items (18.4) 81.6 n.m.
Profit before exceptional items 417.4 1,194.0 - 65.0
Exceptional items R5 (4.1) - n.m.
Profit before taxation 413.3 1,194.0 - 65.4
Taxation (23.1) (182.8) - 87.4
Profit after taxation 390.2 1,011.2 - 61.4
n.m. not meaningful
R5 A provision has been made for an administrative penalty pursuant to a settlement agreement entered into with the South African Competition
Commission. As part of the settlement, the Company has agreed to pay an administrative penalty of ZAR25 million ($4.1 million) within 30 days
of the settlement being confirmed by an order of the South African Competition Tribunal. The issuance of a confirmation order by the Competition
Tribunal will bring a close to the Competition Commission’s investigation of the Company.
Company Revenue and Expenditure
$ Million
15,000
12,000
9,000
6,000
3,000
0
15,000
12,000
9,000
6,000
3,000
0
$ Million
2007-08 2008-09 2009-10 2010-11 2011-12
Revenue ($ Million)
Expenditure ($ Million)