Qantas 2011 Annual Report Download - page 77
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75 ANNUAL REPORT 2011
for the year ended 30 June 2011
Notes to the Financial Statements continued
Qantas Group
$M
$M
Aircraft spare parts – owned
At cost
Less: accumulated depreciation
Aircraft spare parts – leased
At cost
Less: accumulated depreciation
Total aircraft spare parts
At cost
Less: accumulated depreciation
Total aircraft spare parts at net book value
Aircraft deposits
At cost , ,
Total aircraft deposits , ,
Total property, plant and equipment
At cost , ,
Less: accumulated depreciation , ,
Total property, plant and equipment at net book value , ,
Qantas Group
$M
Opening
Net Book
Value Additions
Acquisition
of Controlled
Entity Disposals
Disposal of
Controlled
EntityTransfers
Transferred
to Assets
Classied as
Held for Sale Depreciation Other
Closing Net
Book Value
Reconciliations
Freehold land ––––––––
Buildings ––––––()
Leasehold
improvements () –() –()
Plant and equipment () () –()
Aircraft and engines , () –, () () ,
Aircraft spare parts –() –() –() ()
Aircraft deposits , , –() –(,) – – () ,
Total property, plant
and equipment , , () () () () (,) ,
$M
Reconciliations
Freehold land ––––––––
Buildings – – – – – () –
Leasehold
improvements –––() –()
Plant and equipment –() – – ()
Aircraft and engines , –() –, () () () ,
Aircraft spare parts –() –() –() ()
Aircraft deposits , , –() –(,) – – () ,
Total property, plant
and equipment , , –() –() () (,) ,
. Additions include capitalised interest of $ million (: $ million). Option premiums paid for capital expenditure hedging are not capitalised per AASB , but are included
in the Consolidated Cash Flow Statement as ‘Payments for property, plant and equipment and intangible assets’.
. Disposal of Controlled Entity includes controlled entity reclassied to associate.
. Other includes foreign exchange movements, non-cash additions and net impairment of property, plant and equipment. During the year an uncontained engine failure on VH-OQA
resulted in an estimated US$ million of damage, the repair of which is fully recoverable under insurance. As such, the net impairment expense for VH-OQA is nil.
16. Property, Plant and Equipment continued