Singapore Airlines 2016 Annual Report Download - page 191
Download and view the complete annual report
Please find page 191 of the 2016 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
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
 |
 |
35 Capital and Other Commitments (in $ million) (continued)
(b) Operating lease commitments (continued)
As lessee (continued)
Engines (continued)
Future minimum lease payments under non-cancellable operating leases are as follows:
The Group
31 March
The Company
31 March
2016 2015 2016 2015
Not later than one year 22.0 22.7 20.2 20.9
Later than one year but not later than five years 16.2 37.6 11.3 32.1
Later than five years 0.2 1.2 – –
38.4 61.5 31.5 53.0
Property and equipment
The Group has entered into operating lease agreements for oice and computer equipment, leasehold land and buildings. These non-
cancellable leases have lease terms of between one to 50 years.
Future minimum lease payments under non-cancellable operating leases are as follows:
The Group
31 March
The Company
31 March
2016 2015 2016 2015
Not later than one year 76.4 69.9 55.5 50.7
Later than one year but not later than five years 122.1 101.8 95.1 79.3
Later than five years 63.7 67.7 12.8 13.4
262.2 239.4 163.4 143.4
The minimum lease payments recognised in the profit and loss account amounted to $63.9 million (FY2014/15: $63.7 million) and $53.1
million (FY2014/15: $50.7 million) for the Group and the Company respectively.
As lessor
Aircra
During the financial year, the Company entered into a non-cancellable lease contract for one B777 aircra for a lease term of five years,
bringing the total number of aircra leases to three B777 aircra for lease terms of five years each. The lease rental is fixed throughout
the lease term.
Tiger Group sub-leased two A320s aircra to an external party during the financial year. The original lease term for the aircra is between
eight and nine years. Tiger also sub-leased three A320s to Tigerair Australia. The original lease terms for the aircra range from eight to
12 years. Virgin Australia has provided guarantees to the Group to cover obligations for the assets leased by Tigerair Australia.
SIA Cargo had previously entered into a commercial aircra lease. This non-cancellable lease has expired in the financial year.
Annual Report FY2015/16 189