Answer the question in the attachment
114 OT 244 The Group Notes FY2020/21 FY2019/20 REVENUE 3.815.9 15,975.9 EXPENDITURE Staff costs 1,160.5 2,563.6 Fuel costs .015. 4.636.5 Fuel hedging ineffectiveness 42(a) 214.0 709.8 Depreciation 22, 23 2,075.9 2,134.2 Impairment of property, plant and equipment 22 2.0 14.2 Amortisation of intangible assets 24 65.8 57.5 Aircraft maintenance and overhaul costs 446.4 835.4 Commission and incentives 13.6 489.8 Landing, parking and overflying charges 219.0 886.4 Handling charges 394.1 1,276.7 Rentals on leased aircraft 9.8 79.2 In-flight meals 10.7 539.0 Advertising and sales costs 12.6 334.2 Company accommodation and utilities 35.7 50.2 Other passenger costs 31.1 187.7 Crew expenses 15. 172.4 Impairment of amount owing by a joint venture company 12.6 61.6 Other operating expenses 621.3 888.4 6,328.4 5,916.8 OPERATING (LOSS)/PROFIT (2,512.5 59.1 Finance charges (267.9) (220.9) Interest income 35.4 42.1 Impairment of aircraft NNNNONG (1,734.3) mpairment of base maintenance assets (36.9 Impairment of goodwill (170.4) Impairment of intangible assets (11.4) (Loss)/Surplus on disposal of aircraft, spares and spare engines (27.0) 6.9 Dividends from long-term investments 8.4 3.2 Other non-operating items 127.8) 31.9 Share of profits of joint venture companies 14.0 46.4 osses of associated companies (126.8) (125.1) LOSS BEFORE TAXATION (4,957.2) (220.2) TAXATION 673.8 50.8 LOSS FOR THE FINANCIAL YEAR (4,283.4) (169.4) (LOSS)/PROFIT ATTRIBUTABLE TO: OWNERS OF THE COMPANY (4,270.7) (212.0) NON-CONTROLLING INTERESTS (12.7) 42.6 (4,283.4) (169.4) LOSS PER SHARE (CENTS) 11 (115.6) (11.2) DILUTED LOSS PER SHARE (CENTS) 11 (115.6) (11.3) The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 112 OVERVIEW STRATEGY PERFORMANCE GOVERNANCE FINANCIAL CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021 (IN $ MILLION) The Group FY2020/21 FY2019/20 LOSS FOR THE FINANCIAL YEAR (4,283.4) (169.4) OTHER COMPREHENSIVE INCOME: Items that are or may be reclassified subsequently to profit or loss: Currency translation differences (47.5) 35.5 Net fair value changes on cash flow hedges 1,964.7 (2,603.3) Share of other comprehensive income of associated and joint venture companies 6.6 5.2 Realisation of foreign currency translation reserves on liquidation of an associated company 02 Realisation of reserves on disposal of an associated company 25.0 Items that will not be reclassified subsequently to profit or loss: Actuarial loss on revaluation of defined benefit plans (4.9) (5.3 ) OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR, NET OF TAX 1,943.9 2,567.7) TOTAL COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR (2,339.5) (2,737.1) TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO: OWNERS OF THE COMPANY (2,317.8) (2,786.4) NON-CONTROLLING INTERESTS (21.7) 49.3 (2,339.5) (2,737.1)Illustrate your calculation of overall materiality for the Singapore Airlines audit engagement. Use the most recent year's audited financial statements. You also need to provide justification for the materiality level that you determined. (6 marks)
