Singapore Airlines 2015 Annual Report Download - page 176

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Notes to the Financial Statements
31 March 2015
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
2015 2014
Cash and short-term deposits 64.8 30.5
Other current assets 313.0 415.0
Total current assets 377.8 445.5
Non-current assets 223.9 173.8
Total assets 601.7 619.3
Current financial liabilities (excluding trade, other payables and provisions) (77.2) (96.0)
Other current liabilities (144.3) (182.1)
Total current liabilities (221.5) (278.1)
Non-current financial liabilities (128.0) (111.1)
Total liabilities (349.5) (389.2)
Net assets 252.2 230.1
Summarised statement of comprehensive income
SAESL
FY2014/15 FY2013/14
Revenue 1,443.5 2,253.8
Depreciation and amortisation (10.7) (11.5)
Interest income 0.1 0.1
Interest expense (1.2) (0.9)
Profit before taxation 115.1 173.0
Taxation (1.0) *
Profit after taxation 114.1 173.0
Other comprehensive income (12.8) (1.3)
Total comprehensive income 101.3 171.7
* 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.
A reconciliation of the summarised financial information to the carrying amount of SAESL is as follows:
The Group
31 March
2015 2014
Groups share of net assets 126.1 115.1
174 FINANCIAL