What would you recommend be the primary evaluation system if Singapore Airlines requested a loan from your bank? Justify your answer for using judgmental analysis or empirical analysis. No calculations are required but your answer must relate to the Statement of Financial Position presented and the most salient issues facing Singapore Airlines.
SINGAPORE AIRLINES | ANNUAL REPORT FY2020/21 113 STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2021 (IN $ MILLION) The Group The Company 31 March 31 March Notes 2021 2020 2021 2020 EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY Share capital 13 7,180.2 1,856.1 7,180.2 1,856.1 Mandatory convertible bonds 14 3,496.1 3,496.1 Treasury shares 15 (133.2) [156.0) [133.2 (156.0) Other reserves 5,362.8 7 814.0 5.968.8 7.162.6 15.905.9 3,314.1 16,511.9 8,862.7 NON-CONTROLLING INTERESTS 372 3 418.6 TOTAL EQUITY 15,278.1 5,737.7 15,511.9 8,862.7 DEFERRED ACCOUNT 17 41.0 33.3 41.0 3313 DEFERRED TAXATION 18 1,037 5 1,335.3 1,018.9 1,292.2 LONG-TERM LEASE LIABILITIES 2 373.6 1,467.6 1,976.1 700.6 BORROWINGS 15 10,5648 7,162.9 10,264.3 6,810.3 OTHER LONG-TERM LIABILITIES 20 506.4 1,875.7 456.3 1,860.7 PROVISIONS 31 965.1 590.7 387.1 BOB.E DEFINED BENEFIT PLANS 106.6 112.5 106.1 111.9 31 868.1 12,710.7 30,801.7 19,980.0 Represented by: PROPERTY, PLANT AND EQUIPMENT 12 23,483 3 25,485.8 19,048.1 20,315.6 RIGHT-OF-USE ASSETS 23 2.395 7 1,477.7 1,983.7 745.7 INTANGIBLE ASSETS 24 301.1 487.0 279. 216.6 SUBSIDIARY COMPANIES 25 5,860.6 1.769.5 ASSOCIATED COMPANIES 26 833.1 817.0 332.3 120.3 JOINT VENTURE COMPANIES 27 200.2 191.5 32.3 32.3 LONG-TERM INVESTMENTS 45.9 65.2 46.6 54.8 OTHER LONG-TERM ASSETS 546.0 345.7 495.9 167.4 CURRENT ASSETS Darivative assets 42 156.8 169.3 156.8 169.3 Inventories 30 194.8 239.3 145.3 168.4 Trade debtors 31 939.5 820.5 753.9 440.5 Amounts owing by subsidiary companies 31 12.5 200.4 Deposits and other debtors 33 117.3 330.8 68.5 297.7 Propayments 80.7 121.1 61.5 85.1 Other short-term assets 29.4 38.9 20.9 30.3 Investments 33 271.8 423.5 216.5 375.3 Cash and bank balances 34 7,783.0 2,685.3 7,512.1 2,521.9 Assets held for sala 14.2 25.2 9.672 0 1842.9 1.973.2 4 288.5 Loss: CURRENT LIABILITIES Borrowings 19 307. 2,861.0 242.8 2,601.1 Lease llablittles 451. 315.0 273.7 Current tax payable 95.4 76.8 39.2 Trade and other creditors 2,117.2 3,016.0 1,511.3 2,250.5 Amounts owing to subsidiary companies 35 1,530.7 1,021.5 Sales In advance of carriage 36 SEB.1 7,041.4 504.4 1,BBB.3 Deferred revenue 36 957.8 755.8 957.8 755.8 Deferred account 17 16.9 31.6 13.8 29.7 Darivative llabilities 42 130.4 1,570.8 124.0 1,565.2 Provisions 31 478.8 364.0 FEFE 306.5 5,713 2 1,002.1 6,220.1 10,731.5 NET CURRENT ASSETS/[LIABILITIES] 3.958.3 (6.159.2) 1,753. (6,442.6] 27,710.7 30,801.7 19,980.0
