Singapore Airlines 2015 Annual Report Download - page 52

Statements of Value Added and its Distribution
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.
2014/15 2013/14
$ million $ million
Total revenue 15,565.5 15,243.9
Less: Purchase of goods and services (11,254.7) (11,026.5)
4,310.8 4,217.4
Add:
Interest income 74.9 62.7
Surplus on disposal of aircra, spares and spare engines 51.9 51.2
Dividends from long-term investments 13.2 19.6
Other non-operating items (14.3) 1.9
Share of profits of joint venture companies 52.6 94.8
Share of losses of associated companies (126.8) (39.2)
Exceptional items 34.5 (38.3)
Total value added for distribution 4,396.8 4,370.1
Applied as follows:
To employees:
– Salaries and other sta cost 2,335.2 2,336.7
To government:
– Corporation taxes 39.1 (49.7)
To suppliers of capital:
– Interim and proposed dividends 257.2 540.5
– Finance charges 49.6 37.3
– Non-controlling interests 38.8 64.9
Retained for future capital requirements:
– Depreciation and amortisation 1,566.2 1,621.4
– Retained profit 110.7 (181.0)
Total value added 4,396.8 4,370.1
Value added per $ revenue ($) 0.28 0.29
Value added per $ employment cost ($) 1.88 1.87
Value added per $ investment in property, plant and equipment ($) 0.18 0.18
Financial Review
Performance of the Group
(continued)
50 PERFORMANCE | Financial Review |