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83
Qantas Annual Report 2005
~Notes to the Financial Statements~
for the year ended 30 June 2005
12. Property, plant and equipment
Qantas Group Qantas
2005
$M
2004
$M
2005
$M
2004
$M
NON-CURRENT
Freehold land – owned
At cost 53.0 59.4 47.1 47.2
At valuation 15.0 –––
68.0 59.4 47.1 47.2
Leasehold land
At cost 0.3 0.1 ––
Total land at cost and valuation 68.3 59.5 47.1 47.2
Buildings – owned
At cost 238.1 155.2 194.3 110.5
Less: accumulated depreciation 63.7 63.1 47.5 48.1
174.4 92.1 146.8 62.4
Buildings – leased
At cost 60.7 61.2 29.0 29.0
Less: accumulated amortisation 43.3 42.2 18.7 17.9
17.4 19.0 10.3 11.1
Total buildings
At cost 298.8 216.4 223.3 139.5
Less: accumulated depreciation and amortisation 107.0 105.3 66.2 66.0
Total buildings at net book value 191.8 111.1 157.1 73.5
Leasehold improvements
At cost 1,264.9 1,351.9 762.8 771.9
Less: accumulated amortisation 670.2 728.5 367.5 372.3
Total leasehold improvements at net book value 594.7 623.4 395.3 399.6
Plant and equipment – owned
At cost 1,803.9 1,681.5 1,403.0 1,298.4
Less: accumulated depreciation 1,134.4 1,055.0 794.9 722.0
669.5 626.5 608.1 576.4
Plant and equipment – leased
At cost 7.0 7.0 ––
Less: accumulated amortisation 6.5 6.1 ––
0.5 0.9 ––
Total plant and equipment
At cost 1,810.9 1,688.5 1,403.0 1,298.4
Less: accumulated depreciation and amortisation 1,140.9 1,061.1 794.9 722.0
Total plant and equipment at net book value 670.0 627.4 608.1 576.4