Air Canada 2011 Annual Report Download - page 94

Download and view the complete annual report

Please find page 94 of the 2011 Air Canada annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 150

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

2011 Air Canada Annual Report
94
5. PROPERTY AND EQUIPMENT
Aircraft and
flight
equipment
Buildings, and
leasehold
improvements
Ground and
other
equipment
Purchase
deposits,
including
capitalized
interest
Total
At January 1, 2010
Cost $ 5,800 $ 794 $ 211 $ 38 $ 6,843
Accumulated depreciation (246) (218) (92) – (556)
Net book value $ 5,554 $ 576 $ 119 $ 38 $ 6,287
Year ended December 31, 2010
At January 1, 2010 $ 5,554 $ 576 $ 119 $ 38 $ 6,287
Additions 98 7 16 48 169
Reclassifications 37 14 – (51) –
Disposals (66) (5) – – (71)
Depreciation (646) (47) (14) – (707)
Impairment (49) – – – (49)
At December 31, 2010 $ 4,928 $ 545 $ 121 $ 35 $ 5,629
At December 31, 2010
Cost $ 5,820 $ 809 $ 226 $ 35 $ 6,890
Accumulated depreciation (892) (264) (105) – (1,261)
$ 4,928 $ 545 $ 121 $ 35 $ 5,629
Year ended December 31, 2011
At January 1, 2011 $ 4,928 $ 545 $ 121 $ 35 $ 5,629
Additions 64 5 14 77 160
Reclassifications (20) 8 28 (16) –
Disposals (4) (9) – – (13)
Depreciation (622) (43) (23) – (688)
At December 31, 2011 $ 4,346 $ 506 $ 140 $ 96 $ 5,088
At December 31, 2011
Cost $ 5,929 $ 794 $ 295 $ 96 $ 7,114
Accumulated depreciation (1,583) (288) (155) – (2,026)
$ 4,346 $ 506 $ 140 $ 96 $ 5,088
As at December 31, 2011, property and equipment includes finance leased assets including 19 aircraft (2010 – 19) with a cost
of $396 (2010 – $400) less accumulated depreciation of $158 (2010 – $83) for a net book value of $238 (2010 – $317) and
facilities with a cost of $66 (2010 – $66) less accumulated depreciation $16 (2010 – $13) for a net book value of $50 (2010 –
$53).
Included in flight equipment as at December 31, 2011 are rotable parts, including spare engines with a cost of $339 (2010 –
$328) less accumulated depreciation of $94 (2010 – $48) for a net book value of $245 (2010 – $280). Also included in flight
equipment are 38 aircraft and 11 spare engines (2010 – 42 aircraft and 11 spare engines) which are leased to Jazz (Note 17)
and third parties with a cost of $463 (2010 – $477) less accumulated depreciation of $124 (2010 – $80) including
accumulated impairment losses of $46 related to its fleet of A340-300 as described below (2010 – $46) for a net book value
of $339 (2010 – $397). Depreciation expense for 2011 for this flight equipment amounted to $46 (2010 – $80 including an
impairment charge of $46).