DrPepz
Also why does 3K have S$44 mil of leasing revenue? Who is giving them the planes and who are they leasing them to? If not for this leasing revenue their losses would have been SGD40 mil. Very oh dear.
I cannot be bothered looking thru all the figures but I strongly suspect there is also leasing costs or capital costs associated with the aircraft being leased out by J*A. The $44 mil of leasing revenue isn't all profit so to say that without the lease income the loss would have been $40 mil isn't quite on the mark.
However it's probably a fair guess to say that the leasing income contributed significantly to the 4 mill profit.