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106 Qantas Annual Report 2008
Notes to the Financial Statements
for the year ended 30 June 2008
16. Property, Plant and Equipment continued
2008
$M
Qantas
Opening
Written
Down
Value Additions Disposals Transfers
Transferred
(to)/from
Assets
Classifi ed
as Held
for Sale
Depreciation
and
Amortisation Other1
Closing
Written
Down
Value
Reconciliations
Freehold land – owned 47.1 –––– ––47.1
Buildings – owned 168.5 – (8.4) 0.5 – (11.5) – 149.1
Buildings – leased 8.5 – (7.6) – – (0.9) – –
Total buildings 177.0 – (16.0) 0.5 – (12.4) – 149.1
Leasehold improvements 404.2 23.5 (28.8) 18.8 – (43.7) 4.4 378.4
Plant and equipment 432.0 133.4 (147.9) (10.4) – (77.5) 0.9 330.5
Aircraft and engines – owned 4,004.0 295.5 (5.8) 89.9 (12.2) (620.5) 205.7 3,956.6
Aircraft and engines – hire purchased 3,799.3 – – 93.1 – (222.8) (1.7) 3,667.9
Aircraft and engines – leased 389.5 – – 2.7 – (101.4) (164.3) 126.5
Aircraft and engines – maintenance 363.1 – – 91.0 (11.9) (144.6) (0.1) 297.5
Total aircraft and engines 8,555.9 295.5 (5.8) 276.7 (24.1) (1,089.3) 39.6 8,048.5
Aircraft spare parts – owned 284.6 40.0 (0.9) 8.7 (3.5) (44.4) (6.6) 277.9
Aircraft spare parts – leased 14.5––––(2.0)–12.5
Total aircraft spare parts 299.1 40.0 (0.9) 8.7 (3.5) (46.4) (6.6) 290.4
Aircraft deposits 1,054.8 800.5 – (339.3) – – 74.2 1,590.2
Total property, plant and equipment 10,970.1 1,292.9 (199.4) (45.0) (27.6) (1,269.3) 112.5 10,834.2
Other includes tranfers to inventories and capitalised interest.
2007
$M
Qantas
Reconciliations
Free hold la nd – owne d 47.1 – – – – – – 47.1
Buildings – owned 177.0 3.6 – – – (12.1) – 168.5
Buildings – leased 9.4 – – – – (1.4) 0.5 8.5
Total buildings 186.4 3.6 – – – (13.5) 0.5 177.0
Leasehold improvements 371.2 74.1 (0.3) (5.5) – (40.5) 5.2 404.2
Plant and equipment 455.8 52.4 (8.3) 10.1 – (81.4) 3.4 432.0
Aircraft and engines – owned 4,335.8 138.2 (6.6) 98.8 – (575.7) 13.5 4,004.0
Aircraft and engines – hire purchased 3,949.9 12.7 – 50.7 – (214.0) – 3,799.3
Aircraft and engines – leased 490.3 – – (37.3) – (63.5) – 389.5
Aircraft and engines – maintenance 418.7 123.9 – 12.5 – (192.0) – 363.1
Total aircraft and engines 9,194.7 274.8 (6.6) 124.7 – (1,045.2) 13.5 8,555.9
Aircraft spare parts – owned 289.0 47.1 (1.1) – – (44.3) (6.1) 284.6
Aircraft spare parts – leased 17.8 – – – – – (3.3) 14.5
Total aircraft spare parts 306.8 47.1 (1.1) – – (44.3) (9.4) 299.1
Aircraft deposits 525.5 672.8 – (212.3) – – 68.8 1,054.8
Total property, plant and equipment 11,087.5 1,124 .8 (16.3) (83.0) – (1, 224 .9) 82.0 10,970.1
Other includes transfers to inventories and capitalised interest.
Secured assets
Certain aircraft and engines act as security against related fi nancings. Under the terms of certain fi nancing facilities entered into by the Qantas Group,
the underwriters to these agreements have a fi xed 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 $5,533.9 million as at 30 June 2008 (2007: $6,171.3 million).
1
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