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Financial Statements Aer Lingus Group Plc – Annual Report 2010 71
14 Property, plant and equipment
Flight
equipment Property
Ground
equipment
Other
equipment Total
€’000 €’000 €’000 €’000 €’000
Cost
1 January 2009 1,002,957 38,540 43,551 22,923 1,107,971
Additions 151,677 425 5,939 773 158,814
Disposals (10,122) - (1,099) (234) (11,455)
31 December 2009 1,144,512 38,965 48,391 23,462 1,255,330
Accumulated depreciation
1 January 2009 316,712 31,747 31,081 19,470 399,010
Depreciation charge for the period 71,237 1,132 3,654 1,266 77,289
Disposals (10,122) - (1,099) (234) (11,455)
31 December 2009 377,827 32,879 33,636 20,502 464,844
Cost
1 January 2010 1,144,512 38,965 48,391 23,462 1,255,330
Additions 65,621 2,815 2,533 1,033 72,002
Disposals (53,140) - (1,328) (220) (54,688)
31 December 2010 1,156,993 41,780 49,596 24,275 1,272,644
Accumulated depreciation
1 January 2010 377,827 32,879 33,636 20,502 464,844
Depreciation charge for the period 78,364 4,032 4,320 845 87,561
Disposals (38,604) - (1,293) (220) (40,117)
31 December 2010 417,587 36,911 36,663 21,127 512,288
Net book value
31 December 2010 739,406 4,869 12,933 3,148 760,356
31 December 2009 766,685 6,086 14,755 2,960 790,486
Leased assets included above (net book value)
31 December 2010 540,926 - - - 540,926
31 December 2009 514,988 - - - 514,988
Management assess, at each reporting date, whether there is any indication that an asset may be impaired. If any such indication exists,
impairment is calculated by reference to the expected recoverable amount of the asset in question. No impairment losses were recognised
in 2010 or 2009.
Finance lease obligations are secured on fl ight equipment with a net book value of €540.9m (2009: €515.0m) (Note 23).