Singapore Airlines 2014 Annual Report Download - page 99

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097
ANNUAL REPORT FY2013/14
CONSOLIDATED PROFIT AND LOSS ACCOUNT
For The Financial Year Ended 31 March 2014 (in $ million)
The Group
Notes FY2013/14 FY2012/13
REVENUE 15,243.9 15,098.2
EXPENDITURE
Staff costs 5 2,336.7 2,353.3
Fuel costs 5,702.1 5,899.4
Depreciation 21 1,575.5 1,589.1
Impairment of property, plant and equipment 21 20.2 9.8
Amortisation of intangible assets 22 25.7 22.7
Aircraft maintenance and overhaul costs 641.8 539.3
Commission and incentives 346.6 355.5
Landing, parking and overflying charges 716.6 687.8
Handling charges 1,038.7 1,006.1
Rentals on leased aircraft 649.5 553.6
Material costs 223.1 214.2
Inflight meals 549.1 543.1
Advertising and sales costs 257.6 209.3
Insurance expenses 41.5 43.3
Company accommodation and utilities 119.1 115.6
Other passenger costs 173.3 158.4
Crew expenses 144.7 148.2
Other operating expenses 422.8 420.3
14,984.6 14,869.0
OPERATING PROFIT 6 259.3 229.2
Finance charges 7 (37.3) (42.7)
Interest income 8 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 9 1.9 11.9
Share of profits of joint venture companies 25 94.0 94.9
Share of (losses)/profits of associated companies 24 (45.2) 50.4
PROFIT BEFORE EXCEPTIONAL ITEMS 406.2 489.5
EXCEPTIONAL ITEMS 10 (38.3) (19.9)
PROFIT BEFORE TAXATION 367.9 469.6
TAXATION 11 56.5 (28.0)
PROFIT FOR THE FINANCIAL YEAR 424.4 441.6
PROFIT ATTRIBUTABLE TO:
OWNERS OF THE PARENT 359.5 378.9
NON-CONTROLLING฀INTERESTS฀ ฀ 64.9 62.7
424.4 441.6
BASIC EARNINGS PER SHARE (CENTS) 12 30.6 32.2
DILUTED EARNINGS PER SHARE (CENTS) 12 30.3 31.9
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.