Singapore Airlines 2014 Annual Report Download - page 176

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174
NOTES TO THE FINANCIAL STATEMENTS
31 March 2014
SINGAPORE AIRLINES
25 Joint Venture Companies (in $ million) (continued)
The summarised financial information in respect of SAESL, which is material to the Group, is as follows:
Summarised balance sheet
SAESL
31 March
2014 2013
Cash and short-term deposits 30.5 1.7
Other current assets 415.0 399.8
Total current assets 445.5 401.5
Non-current assets 173.8 146.6
Total assets 619.3 548.1
Current financial liabilities (excluding trade, other payables and provisions) (96.0) (137.9)
Other current liabilities (182.1) (166.9)
Total current liabilities (278.1) (304.8)
Non-current financial liabilities (111.1) (26.8)
Total liabilities (389.2) (331.6)
Net assets excluding goodwill 230.1 216.5
Summarised statement of comprehensive income
SAESL
FY2013/14 FY2012/13
Revenue 2,253.8 2,219.3
Depreciation and amortisation (11.5) (11.0)
Interest income 0.1 *
Interest expense (0.9) (1.2)
Profit before taxation 173.0 172.7
Taxation * (0.4)
Profit after taxation 173.0 172.3
Other comprehensive income (1.3) 0.6
Total comprehensive income 171.7 172.9
* Amount less than $0.1 million
The summarised financial information presented is extracted from the financial statements of SAESL that is prepared in
accordance with Singapore Financial Reporting Standards.