Singapore Airlines 2016 Annual Report Download - page 180

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Notes to the Financial Statements
31 March 2016
24 Associated Companies (in $ million) (continued)
The Group has two (2015: two) associated companies that are material and a number of associated companies that are individually immaterial
to the Group. All are equity accounted. The following summarises the financial information of each of the Group’s material associated companies
based on their respective (consolidated) financial statements prepared in accordance with FRS, modified for fair value adjustments on acquisitions
and dierences in the Group’s accounting policies.
Summarised statement of financial position
VAH
31 March
ESA
31 March
2016 2015 2016 2015
Current assets 1,624.7 1,664.7 290.3 275.9
Non-current assets 4,493.1 4,450.3 47.8 52.8
Total assets 6,117.8 6,115.0 338.1 328.7
Current liabilities (2,656.9) (2,525.6) (38.1) (26.7)
Non-current liabilities (2,527.9) (2,403.6) (1.9) (1.4)
Total liabilities (5,184.8) (4,929.2) (40.0) (28.1)
Net assets 933.0 1,185.8 298.1 300.6
Summarised statement of comprehensive income
VAH ESA
FY2015/16 FY2014/15 FY2015/16 FY2014/15
(Loss)/Profit after tax (105.5) (79.6) 19.8 24.5
Other comprehensive income (75.9) (160.8) – –
Total comprehensive income (181.4) (240.4) 19.8 24.5
A reconciliation of the summarised financial information to the carrying amounts of VAH and ESA is as follows:
The Group
31 March
2016 2015
VAH
Group's share of net assets 229.6 270.4
Goodwill on acquisition 120.8 118.4
Other adjustments 3.8 12.4
354.2 401.2
ESA
Group's share of net assets 146.1 147.3
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