Singapore Airlines 2014 Annual Report Download - page 79

Download and view the complete annual report

Please find page 79 of the 2014 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.

Page out of 220

  • 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
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220

077
ANNUAL REPORT FY2013/14
Performance of the Group (continued)
Statements of Value Added and its Distribution
2013/14 2012/13
$ million $ million
Total revenue 15,243.9 15,098.2
Less: Purchase of goods and services (11,026.5) (10,894.1)
4,217.4 4,204.1
Add:
Interest income 62.7 62.5
Surplus on disposal of aircraft, spares and spare engines 51.2 56.0
Dividends from long-term investments 19.6 27.3
Other non-operating items 1.9 11.9
Share of profits of joint venture companies 94.8 96.2
Share of (losses)/profits of associated companies (39.2) 61.5
Exceptional items (38.3) (19.9)
Total value added for distribution 4,370.1 4,499.6
Applied as follows:
To employees:
- Salaries and other staff cost 2,336.7 2,353.3
To government:
- Corporation taxes (49.7) 40.4
To suppliers of capital:
- Interim and proposed dividends 541.1 270.3
- Finance charges 37.3 42.7
- Non-controlling interests 64.9 62.7
Retained for future capital requirements:
- Depreciation and amortisation 1,621.4 1,621.6
- Retained profit (181.6) 108.6
Total value added 4,370.1 4,499.6
Value added per $ revenue ($) 0.29 0.30
Value added per $ employment cost ($) 1.87 1.91
Value added per $ investment in property, plant and equipment ($) 0.18 0.19
Value added is a measure of wealth created. The statement above shows the Group’s value 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.