Qantas 2006 Annual Report Download - page 92

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90
Notes to the Financial Statements
for the year ended 30 June 2006
12. Property, Plant and Equipment continued
2006
$M
Opening
Written
Down
Value Additions Disposals Transfers
Transferred
to Assets
Classifi ed
as Held
for Sale
Depreciation
and
Amortisation Other1
Closing
Written
Down
Value
QANTAS
Reconciliations
Freehold land – owned 47.1 – – – – – – 47.1
Total land 47.1 – – – – – – 47.1
Buildings – owned 146.8 39.8 – – (0.4) (9.2) – 177.0
Buildings – leased 10.3 – – – – (0.9) – 9.4
Total buildings 157.1 39.8 – – (0.4) (10.1) – 186.4
Leasehold improvements 398.3 60.1 (0.4) – (1.3) (40.6) (44.9) 371.2
Plant and equipment – owned 448.2 50.6 (12.6) – (1.2) (73.3) 44.1 455.8
Total plant and equipment 448.2 50.6 (12.6) – (1.2) (73.3) 44.1 455.8
Aircraft and engines – owned 4,333.5 397.7 (283.2) 676.9 – (555.7) 26.8 4,596.0
Aircraft and engines – hire purchased 4,455.2 – (1.0) (112.9) – (269.8) 0.6 4,072.1
Aircraft and engines – leased 542.1 – (0.2) 58.2 – (73.8) 0.3 526.6
Total aircraft and engines 9,330.8 397.7 (284.4) 622.2 – (899.3) 27.7 9,194.7
Aircraft spare parts – owned 299.2 43.6 (4.4) – – (41.0) (8.4) 289.0
Aircraft spare parts – leased 16.1 4.8 – – – (3.1) – 17.8
Total aircraft spare parts 315.3 48.4 (4.4) – – (44.1) (8.4) 306.8
Aircraft deposits 602.8 491.0 (359.1) (278.9) – – 69.7 525.5
Total property, plant and equipment 11,299.6 1,087.6 (660.9) 343.3 (2.9) (1,067.4) 88.2 11,087.5
1 Other includes the transitional effects of hedges, transfers to inventories and capitalised interest.
2005
$M
QANTAS
Reconciliations
Total land 47.2 – (0.1) – – – – 47.1
Total buildings 73.5 89.5 (0.5) – – (5.4) – 157.1
Leasehold improvements 402.8 23.0 (2.4) – – (33.0) 7.9 398.3
Total plant and equipment 434.6 96.1 (6.1) (1.9) – (82.0) 7.5 448.2
Total aircraft and engines 8,916.8 478.1 (308.6) 1,145.8 – (913.1) 11.8 9,330.8
Total aircraft spare parts 318.6 36.5 (5.0) – – (44.6) 9.8 315.3
Aircraft deposits 611.7 557.8 (26.6) (590.0) – – 49.9 602.8
Total property, plant and equipment 10,805.2 1,281.0 (349.3) 553.9 – (1,078.1) 86.9 11,299.6
1 Other includes transfers to inventories and capitalised interest.
SECURED ASSETS
Certain aircraft and engines act as security against related financings. Under the terms of certain financing facilities entered into by the Qantas Group, the
underwriters to these agreements have a fixed charge over certain aircraft and engines to the extent that debt has been issued directly to those underwriters.
The total carrying amount of assets under pledge was $4,983.9 million as at 30 June 2006 (2005: $5,525.0 million).