Singapore Airlines 2013 Annual Report Download - page 188

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186
SINGAPORE AIRLINES
NOTES TO THE FINANCIAL STATEMENTS
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
2013 2012 2013 2012 2013 2012 2013 2012
Counterparty profiles
By industry:
Travel agencies 632.0 637.3 7.9% 8.6% 349.1 340.7 4.8% 5.1%
Airlines 381.1 344.1 4.7% 4.7% 179.0 116.3 2.4% 1.7%
Financial institutions 5,518.9 5,132.9 68.6% 69.5% 5,279.4 4,837.6 71.8% 72.5%
Others 812.9 942.0 10.1% 12.7% 734.5 885.2 10.0% 13.3%
7,344.9 7,056.3 91.3% 95.5% 6,542.0 6,179.8 89.0% 92.6%
By region:
East Asia 4,779.5 4,935.0 59.4% 66.8% 4,241.4 4,424.2 57.7% 66.3%
Europe 744.8 677.0 9.2% 9.1% 610.4 495.6 8.3% 7.4%
South West Pacific 1,525.0 982.0 19.0% 13.3% 1,487.1 944.4 20.2% 14.1%
Americas 190.6 351.9 2.4% 4.8% 140.5 250.8 1.9% 3.8%
West Asia and Africa 105.0 110.4 1.3% 1.5% 62.6 64.8 0.9% 1.0%
7,344.9 7,056.3 91.3% 95.5% 6,542.0 6,179.8 89.0% 92.6%
By Moody’s credit ratings:
Investment grade (A to Aaa) 5,513.6 5,669.5 68.5% 76.7% 5,294.2 5,400.6 72.0% 80.9%
Investment grade (Baa) 1.1 1.7 0.0% 0.0% 0.4 0.8 0.0% 0.0%
Non-rated 1,830.2 1,385.1 22.8% 18.8% 1,247.4 778.4 17.0% 11.7%
7,344.9 7,056.3 91.3% 95.5% 6,542.0 6,179.8 89.0% 92.6%
31 March 2013