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FINANCIAL STATEMENTS Aer Lingus Group Plc
ANNUAL REPORT 2012
90
14 Property, plant and equipment
Flight
equipment Property Ground
equipment
Other
equipment Total
€’000 €’000 €’000 €’000 €’000
Cost
1 January 2011 1,156,993 41,780 49,596 24,275 1,272,644
Additions 101,746 7,551 735 5,812 115,844
Disposals (49,348) (18,457) (1,829) (5,268) (74,902)
Reclassified to non-current assets held for sale (23,906) - - - (23,906)
31 December 2011 1,185,485 30,874 48,502 24,819 1,289,680
Accumulated depreciation
1 January 2011 417,587 36,911 36,663 21,127 512,288
Depreciation charge for the year 74,120 2,296 4,019 1,478 81,913
Impairment charge for the year¹ 3,165 - - - 3,165
Disposals (38,938) (18,457) (1,827) (5,294) (64,516)
Reclassified to non-current assets held for sale (14,114) - - - (14,114)
31 December 2011 441,820 20,750 38,855 17,311 518,736
Cost
1 January 2012 1,185,485 30,874 48,502 24,819 1,289,680
Additions 28,313 5,992 3,222 2,484 40,011
Disposals (32,627) (492) (748) (907) (34,774)
Reinstate asset
2
23,035 - - - 23,035
31 December 2012 1,204,206 36,374 50,976 26,396 1,317,952
Accumulated depreciation
1 January 2012 441,820 20,750 38,855 17,311 518,736
Depreciation charge for the year 68,693 2,498 3,330 2,113 76,634
Disposals (32,680) (492) (748) (44) (33,964)
Reinstate Asset
2
15,459 - - - 15,459
31 December 2012 493,292 22,756 41,437 19,380 576,865
Net book value
31 December 2012 710,914 13,618 9,539 7,016 741,087
31 December 2011 743,665 10,124 9,647 7,508 770,944
Leased assets included above (net book value)
31 December 2012 502,170 - - - 502,170
31 December 2011 554,813 - - - 554,813
¹ The impairment charge of €3.2 million recorded during 2011 relates to the write down of one owned A320 aircraft held for sale to its fair
value less costs of sale. This write down has been recorded within net exceptional items. Additional impairment totalling €2.2 million was
recorded during 2012, while the asset was held for sale. This charge has also been recorded within Net exceptional items. See Note 9 for further
information.
2
Reclassification of an aircraft previously held for sale. Refer to Note 17 for further detail.
Finance lease obligations are secured on flight equipment with a net book value of €502.2 million (2011: €554.8 million) (See Note 25).
Notes to the consolidated financial statements (continued)