Aviation is among the industries that were adversely impacted by Covid. Below table shows selective financial ratios of Singapore Airlines (SIA), for five semi-annual fiscal periods, including both before and after Covid outbreak (period of March 2020 September 2020, highlighted with bond font). Financial Statements are also provided. Analyse the impact of Covid outbreak on SIA's FIVE categories of financial ratios (i.e. Liquidity, leverage, turnover, profitability and market value). [Hint: Elaborate your finding with information from financial statements and attempt to connect the numbers with business activities.] The presentation of the answer should be well-organized. (Word limit of answer - less than 700 words) (25 marks) Period Start Period End Balance Sheet (In Millions Assets Current Assets Cash \& Cash Equivale Accounts Receiv Inventories Other ST Assets Non-Current Assets Total Assets 03/2109/2109/2003/2103/2009/2009/1903/2003/1909/19 Liabilities Current Liabilities Accounts Payable Total Shareholders' Equity \begin{tabular}{lllll} 22,335 & 16,278 & 15,645 & 9,733 & 12,198 \\ \hline \end{tabular} Total Liabilities \& Shareholders' Equity \begin{tabular}{rrrrr} 15,404 & 9,672 & 8,941 & 4,843 & 3,551 \\ \hline 12,938 & 8,055 & 7,587 & 3,109 & 1,435 \\ 1,189 & 903 & 791 & 699 & 1,391 \\ 191 & 195 & 207 & 239 & 234 \\ 1,086 & 486 & 357 & 682 & 491 \\ 28,963 & 27,909 & 27,227 & 28,870 & 28,044 \\ \hline 44,367 & 37,581 & 36,167 & 33,713 & 31,594 \\ \hline \end{tabular} Accrued Taxes Interest \& Divid Other Payable Short-Term De Other ST Liabiliabiab-Current Liab Long-Term De Other LT Liabilite Total Liabilities \begin{tabular}{lllll} 44,367 & 37,581 & 36,167 & 33,713 & 31,594 \\ \hline \end{tabular} CashFlowfromOperationsCashFlowfromInvestingCashFlowfromFinancing3277325,0936063691,6872,6879458,0501,0332,2782,6001,6992,687664. PeriodStartPeriodEnd03/2109/2109/2003/2103/2009/2009/1903/2003/1909/19 Income Statement (In Millions of SGD) RevenueOperatingExpensesStaffCostsFuelCostsCommission&IncentivesHandlingChargesRentalsonLeasedAircraftsOperatingIncomeEBITDAPre-TaxIncomeNetIncome2,8273,4466648102128246193429488372,1822,831584640766503661,1828041,6343,4975773761741,8637263,7763,4677,6518,0051,0472,2886153548475074188,3257,9111,5162,349255661674131,477287206 Aviation is among the industries that were adversely impacted by Covid. Below table shows selective financial ratios of Singapore Airlines (SIA), for five semi-annual fiscal periods, including both before and after Covid outbreak (period of March 2020 September 2020, highlighted with bond font). Financial Statements are also provided. Analyse the impact of Covid outbreak on SIA's FIVE categories of financial ratios (i.e. Liquidity, leverage, turnover, profitability and market value). [Hint: Elaborate your finding with information from financial statements and attempt to connect the numbers with business activities.] The presentation of the answer should be well-organized. (Word limit of answer - less than 700 words) (25 marks) Period Start Period End Balance Sheet (In Millions Assets Current Assets Cash \& Cash Equivale Accounts Receiv Inventories Other ST Assets Non-Current Assets Total Assets 03/2109/2109/2003/2103/2009/2009/1903/2003/1909/19 Liabilities Current Liabilities Accounts Payable Total Shareholders' Equity \begin{tabular}{lllll} 22,335 & 16,278 & 15,645 & 9,733 & 12,198 \\ \hline \end{tabular} Total Liabilities \& Shareholders' Equity \begin{tabular}{rrrrr} 15,404 & 9,672 & 8,941 & 4,843 & 3,551 \\ \hline 12,938 & 8,055 & 7,587 & 3,109 & 1,435 \\ 1,189 & 903 & 791 & 699 & 1,391 \\ 191 & 195 & 207 & 239 & 234 \\ 1,086 & 486 & 357 & 682 & 491 \\ 28,963 & 27,909 & 27,227 & 28,870 & 28,044 \\ \hline 44,367 & 37,581 & 36,167 & 33,713 & 31,594 \\ \hline \end{tabular} Accrued Taxes Interest \& Divid Other Payable Short-Term De Other ST Liabiliabiab-Current Liab Long-Term De Other LT Liabilite Total Liabilities \begin{tabular}{lllll} 44,367 & 37,581 & 36,167 & 33,713 & 31,594 \\ \hline \end{tabular} CashFlowfromOperationsCashFlowfromInvestingCashFlowfromFinancing3277325,0936063691,6872,6879458,0501,0332,2782,6001,6992,687664. PeriodStartPeriodEnd03/2109/2109/2003/2103/2009/2009/1903/2003/1909/19 Income Statement (In Millions of SGD) RevenueOperatingExpensesStaffCostsFuelCostsCommission&IncentivesHandlingChargesRentalsonLeasedAircraftsOperatingIncomeEBITDAPre-TaxIncomeNetIncome2,8273,4466648102128246193429488372,1822,831584640766503661,1828041,6343,4975773761741,8637263,7763,4677,6518,0051,0472,2886153548475074188,3257,9111,5162,349255661674131,477287206
