Qantas 2010 Annual Report Download - page 72

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THE QANTAS GROUP 70
for the year ended 30 June 2010
Notes to the Financial Statements continued
Qantas Group
2010
$M
2009
$M
Aircraft spare parts – owned
At cost 862 899
Less: accumulated depreciation 380 417
482 482
Aircraft spare parts – leased
At cost 23 24
Less: accumulated depreciation 15 13
811
Total aircraft spare parts
At cost 885 923
Less: accumulated depreciation 395 430
Total aircraft spare parts at net book value 490 493
Aircraft deposits
At cost 1,368 1,364
Total aircraft deposits 1,368 1,364
Total property, plant and equipment
At cost 21,793 21,628
Less: accumulated depreciation 9,277 9,473
Total property, plant and equipment at net book value 12,516 12,155
Qantas Group
2010
$M
Opening Net
Book Value Additions Disposals
Disposal of
Controlled
Entities Transfers
Transferred
to Assets
Classi ed as
Held for
Sale Depreciation Other1
Closing Net
Book Value
Reconciliations
Freehold land 66 – ––––––66
Buildings 173 – – – 1 – (16) – 158
Leasehold improvements 579 64 – – (20) – (79) 21 565
Plant and equipment 543 45 (10) – 9 – (103) 5 489
Aircraft and engines 8,937 305 (18) – 1,099 (54) (904) 15 9,380
Aircraft spare parts 493 65 (10) – (4) – (50) (4) 490
Aircraft deposits 1,364 1,149 (62) – (1,099) – – 16 1,368
Total property, plant and equipment 12,155 1,628 (100) – (14) (54) (1,152) 53 12,516
2009
$M
Reconciliations
Freehold land 72 – – (6) – – – – 66
Buildings 193 – – (3) – – (16) (1) 173
Leasehold improvements 541 118 – – (6) – (77) 3 579
Plant and equipment 551 111 (23) (21) (2) – (98) 25 543
Aircraft and engines 8,608 443 (205) – 1,149 (26) (1,077) 45 8,937
Aircraft spare parts 431 156 (3) – (17) – (60) (14) 493
Aircraft deposits 1,945 618 (127) – (1,124) – – 52 1,364
Total property, plant and equipment 12,341 1,446 (358) (30) – (26) (1,328) 110 12,155
1. Other includes capitalised interest, foreign exchange movements and non-cash additions.
SECURED ASSETS
Certain aircraft and engines act as security against related  nancings. Under the terms of certain  nancing facilities entered into by the Qantas
Group, the underwriters to these agreements have a  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 is $5,693 million (2009: $5,572 million).
16. Property, Plant and Equipment continued