Singapore Airlines 2016 Annual Report Download - page 157

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19 Borrowings and Long-Term Liabilities (in $ million)
The Group
31 March
The Company
31 March
2016 2015 2016 2015
Current Liabilities
Borrowings
Notes payable – 300.0 – 300.0
Loans 190.4 93.0 – –
Finance lease commitments 21.5 54.1 – –
211.9 447.1 – 300.0
Non-Current Liabilities
Borrowings
Notes payable 1,000.0 1,000.0 1,000.0 1,000.0
Loans 112.7 247.2 – –
Finance lease commitments 22.9 45.2 – –
1,135.6 1,292.4 1,000.0 1,000.0
Long-Term Liabilities
Maintenance reserve 5.4 1.0 5.4 1.0
Purchase option price payable to lessor 28.6 76.6 – –
Deposit received from a lessee 9.1 – – –
Derivative liabilities 104.7 151.2 104.7 151.2
147.8 228.8 110.1 152.2
1,283.4 1,521.2 1,110.1 1,152.2
Notes payable
Notes payable at 31 March 2016 comprised unsecured notes issued by the Company.
$500 million fixed rate notes due 2020 (“Series 001 Notes”) bear fixed interest at 3.22% per annum and are repayable on 9 July 2020. The fair
value of notes payable amounted to $518.3 million as at 31 March 2016 (2015: $511.4 million) for the Company.
$200 million fixed rate notes due 2021 (“Series 002 Notes”) bear fixed interest at 3.145% per annum and are repayable on 8 April 2021. The fair
value of notes payable amounted to $204.7 million as at 31 March 2016 (2015: $202.9 million) for the Company.
$300 million fixed rate notes due 2024 (“Series 003 Notes”) bear fixed interest at 3.75% per annum and are repayable on 8 April 2024. The fair
value of notes payable amounted to $313.3 million as at 31 March 2016 (2015: $309.1 million) for the Company.
Annual Report FY2015/16 155