Singapore Airlines 2016 Annual Report Download - page 50

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Financial Review
Group Capital Expenditure
Times$ Million
3,000
2,500
2,000
1,500
1,000
2
1
0
2011/12 2012/13 2013/14 2014/15 2015/16
Other Capital Expenditure ($ Million)
Capital Expenditure on Aircra, Spares and Spare Engines ($ Million)
Cash Flow: Capital Expenditure Ratio (Times)
Performance of the Group
(continued)
Dividend Payout
Per CentCents
60
40
20
0
80
70
60
50
40
2011/12 2012/13 2013/14 2014/15 2015/16
Final Dividend (¢)
Special Dividend (¢) Ordinary Dividend Payout Ratio (%)
Interim Dividend (¢)
Dividends
For the financial year ended 31 March 2016, the Board
recommends a final dividend of 35 cents per share.
Including the interim dividend of 10 cents per share paid
on 27 November 2015, the total dividend for the 2015/16
financial year will be 45 cents per share. This amounts
to a payout of approximately $524 million based on
the number of issued shares as at 31 March 2016. The
total ordinary dividend per share of 45 cents translates
to a payout ratio of 65.1 per cent, a decrease of 4.9
percentage points compared to the 2014/15 payout ratio
of 70.0 per cent.
Capital Expenditure and Cash Flow of the Group
Capital expenditure was $2,909 million, 11.9 per cent
higher than last year. About 98 per cent of the capital
spending was on aircra, spares and spare engines.
Internally generated cash flow of $3,501 million
(+5.9 per cent) was 1.2 times of capital expenditure.
The increase in internally generated cash flow
was mainly attributable to higher cash flow from
operations, partially oset by lower proceeds from
disposal of aircra, spares and spare engines, and
dividends received from associated and joint venture
companies.
Singapore Airlines48
PERFORMANCE