Singapore Airlines 2016 Annual Report Download - page 54

Financial Review
Operating Profit and Operating Profit Margin
Per Cent$ Million
600
500
400
300
200
100
0
8
6
4
2
0
2011/12 2012/13 2013/14 2014/15 2015/16
Operating Profit Margin (%) Operating Profit ($ Million)
Company Revenue and Expenditure
$ Million$ Million
15,000
12,000
9,000
6,000
3,000
0
15,000
12,000
9,000
6,000
3,000
0
2011/12 2012/13 2013/14 2014/15 2015/16
Revenue ($ Million) Expenditure ($ Million)
R4 The exceptional items in FY2014/15 pertained to provision for settlement with plaintis in the Transpacific Class Action ($11.4 million), partly oset by
additional gain on sale of Virgin Atlantic Limited ($7.3 million).
Operating Performance (continued)
Passenger load factor by route region was as follows:
Passenger Load Factor (%)
2015/16 2014/15
% Change
points
East Asia 77.3 76.1 + 1.2
Americas 79.8 79.6 + 0.2
Europe 78.7 79.6 – 0.9
South West Pacific 86.5 82.7 + 3.8
West Asia and Africa 74.8 72.2 + 2.6
Systemwide 79.6 78.5 + 1.1
Earnings
2015/16
$ million
2014/15
$ million % Change
Revenue 11,686.1 12,418.4 – 5.9
Expenditure 11,201.0 12,078.2 – 7.3
Operating profit 485.1 340.2 + 42.6
Finance charges (42.0) (44.0) – 4.5
Interest income 87.1 79.3 + 9.8
Surplus on disposal of aircraft, spares and spare engines 3.7 36.8 – 89.9
Dividends from subsidiary and associated companies 135.2 215.2 – 37.2
Dividends from long-term investments 95.2 4.9 n.m.
Other non-operating items 1.9 (65.2) n.m.
Profit before exceptional items 766.2 567.2 + 35.1
Exceptional items R4 –(4.1) n.m.
Profit before taxation 766.2 563.1 + 36.1
Taxation (94.2) (22.8) n.m.
Profit after taxation 672.0 540.3 + 24.4
n.m. not meaningful
Performance of the Company
(continued)
Singapore Airlines52
PERFORMANCE