Singapore Airlines 2015 Annual Report Download - page 178
Download and view the complete annual report
Please find page 178 of the 2015 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.-
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
-
221
-
222
-
223
-
224
 |
 |
Notes to the Financial Statements
31 March 2015
27 Other Receivables (in $ million)
The Group
2015 2014
Deposit with a financial institution 76.6 –
Other receivables 87.3 92.2
163.9 92.2
Deposit with a financial institution relates to a deposit held for the purpose of payment for the purchase price option payable
at the end of the 15th year of the lease period for one of the finance leases (Note 19). The deposit will generate interest at a fixed
rate of 5.68% per annum to meet the obligation at maturity of the lease which is expected to be in December 2017. The fair value
of the deposit amounted to $85.3 million as at 31 March 2015.
The Group’s other receivables are stated at amortised cost and are expected to be received over a period of two to ten years.
The entire balance of other receivables is denominated in USD. The fair value of the other receivables is $83.9 million (2014 :
$91.4 million).
28 Inventories (in $ million)
The Group The Company
31 March 31 March
2015 2014 2015 2014
Technical stocks and stores 173.0 215.8 111.6 150.4
Catering and general stocks 29.0 27.2 20.1 18.8
Total inventories at lower of cost and
net realisable value 202.0 243.0 131.7 169.2
The cost of inventories recognised as an expense amounts to $106.0 million (FY2013/14: $115.5 million). In addition, the Group
wrote down $38.1 million (FY2013/14: $22.3 million) of inventories, which is recognised as other operating expenses in the profit
and loss account.
29 Trade Debtors (in $ million)
The Group The Company
31 March 31 March
2015 2014 2015 2014
Trade debtors 1,376.2 1,514.8 993.6 1,111.2
Accrued receivables 86.2 62.6 – –
Amount owing from associated companies 20.7 24.6 0.1 2.0
Amount owing from joint venture companies 3.8 2.7 – –
1,486.9 1,604.7 993.7 1,113.2
Amounts owing from subsidiary companies – – 311.5 179.4
Short-term loans to a subsidiary company – – – 420.5
– – 311.5 599.9
1,486.9 1,604.7 1,305.2 1,713.1
Trade debtors are non-interest bearing. The carrying amount of trade debtors impaired by credit losses is reduced through the
use of an allowance account unless the Group writes o the amount ascertained to be uncollectible. In subsequent periods when
a trade debtor is ascertained to be uncollectible, it is written o against the allowance account.
176 FINANCIAL