Singapore Airlines 2016 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 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.

Page out of 232

  • 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

Financial Review
Performance of the Group
(continued)
Statements of Value Added and its Distribution
Value added is a measure of wealth created. The statement below 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.
2015/16 2014/15
$ million $ million
Total revenue 15,228.5 15,565.5
Less: Purchase of goods and services (10,500.0) (11,254.7)
4,728.5 4,310.8
Add:
Interest income 70.7 74.9
Surplus on disposal of aircraft, spares and spare engines 52.7 51.9
Dividends from long-term investments 115.3 13.2
Other non-operating items 91.1 (14.3)
Share of profits of joint venture companies 22.9 52.6
Share of losses of associated companies (41.1) (126.8)
Exceptional items –34.5
Total value added for distribution 5,040.1 4,396.8
Applied as follows:
To employees:
– Salaries and other staff cost 2,461.0 2,335.2
To government:
– Corporation taxes 90.7 39.1
To suppliers of capital:
– Interim and proposed dividends 523.6 257.5
– Finance charges 50.3 49.6
– Non-controlling interests 47.4 38.8
Retained for future capital requirements:
– Depreciation and amortisation 1,586.3 1,566.2
– Retained profit 280.8 110.4
Total value added 5,040.1 4,396.8
Value added per $ revenue ($) 0.33 0.28
Value added per $ employment cost ($) 2.05 1.88
Value added per $ investment in property, plant and equipment ($) 0.19 0.18
Singapore Airlines50
PERFORMANCE