Singapore Airlines 2015 Annual Report Download - page 173
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24 Associated Companies (in $ million) (continued)
The summarised financial information in respect of VAH and ESA, which are material to the Group are as follows:
Summarised balance sheet
VAH ESA
31 March 31 March
2015 2014 2015 2014
Current assets 1,664.7 – 275.9 348.8
Non-current assets 4,450.3 – 52.8 42.6
Total assets 6,115.0 – 328.7 391.4
Current liabilities (2,525.6) – (26.7) (95.0)
Non-current liabilities (2,403.6) – (1.4) (0.6)
Total liabilities (4,929.2) – (28.1) (95.6)
Net assets 1,185.8 – 300.6 295.8
Summarised statement of comprehensive income
VAH ESA
FY2014/15 FY2013/14 FY2014/15 FY2013/14
Revenue 3,717.7 – 828.2 1,077.1
(Loss)/Profit after tax (79.6) – 24.5 78.4
Other comprehensive income (160.8) – – –
Total comprehensive income (240.4) – 24.5 78.4
The summarised financial information presented are the amounts included in the financial statements of the associated
companies prepared in accordance with Singapore Financial Reporting Standards.
A reconciliation of the summarised financial information to the carrying amounts of VAH and ESA is as follows:
The Group
31 March
2015 2014
VAH
Group’s share of net assets 270.4 –
Goodwill on acquisition 118.4 –
Other adjustments 12.4 –
401.2 –
ESA
Group’s share of net assets 147.3 144.9
Dividends of approximately $21.7 million (FY2013/14: $33.9 million) was received from ESA during the financial year.
Singapore Airlines | Annual Report FY2014/15 |171