Westjet 2015 Annual Report Download - page 81

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Notes to Consolidated Financial Statements
As at and for the years ended December 31, 2015 and 2014
(Stated in thousands of Canadian dollars, except percentage, ratio, share and per share amounts)
WestJet Annual Report 2015 | 79
6. Property and equipment (continued)
December 31, 2015
Cost
Accumulated
depreciation
Net book
value
Aircraft
3,912,617
(1,170,643)
2,741,974
Ground property and equipment
183,828
(111,652)
72,176
Spare engines and rotables
240,893
(73,447)
167,446
Deposits on aircraft
319,019
-
319,019
Buildings
136,783
(30,419)
106,364
Leasehold improvements
22,104
(11,730)
10,374
Assets under development
55,909
-
55,909
4,871,153
(1,397,891)
3,473,262
December 31, 2014
Cost
Accumulated
depreciation
Net book value
Aircraft
3,024,219
(1,090,933)
1,933,286
Ground property and equipment
158,078
(97,926)
60,152
Spare engines and rotables
216,051
(72,016)
144,035
Deposits on aircraft
509,684
-
509,684
Buildings
136,338
(26,904)
109,434
Leasehold improvements
19,768
(9,308)
10,460
Assets under development
26,143
-
26,143
4,090,281
(1,297,087)
2,793,194
The net book value of the property and equipment pledged as collateral for the Corporation’s long-term debt was $1,574,433 at
December 31, 2015 (December 31, 2014 – $1,536,616).
7. Intangible assets
January 1
2015
Net
additions
Amortization
Transfers
December 31
2015
Software
26,995
1,826
(11,317)
12,137
29,641
Landing rights
15,483
-
(888)
-
14,595
Other
5,697
-
(88)
-
5,609
Assets under development
12,448
13,393
-
(12,137)
13,704
60,623
15,219
(12,293)
-
63,549
January 1
2014
Net
additions
Amortization
Transfers
December 31
2014
Software
25,833
2,892
(9,583)
7,853
26,995
Landing rights
16,372
-
(889)
-
15,483
Other
5,785
-
(88)
-
5,697
Assets under development
10,701
9,600
-
(7,853)
12,448
58,691
12,492
(10,560)
-
60,623