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90 SIA Annual Report 04/05
Notes to the Financial Statements
31 March 2005
CC
฀MOD: CN1323
M Y
C K
While every effort has been taken to carry out instruction to customers satisfaction
NO RESPONSIBILITY liablilty will be accepted for errors
CUSTOMERS ARE THEREFOREURGED TO CHECK THOROUGHLY BEFORE
AUTHORISING PRINTRUNS
DALIM
1 2 3 4 5 6 7 8 9 10 OK TS
CC196777 DLMAC13 10.06.2005 150#
13col
17 Fixed Assets (in $ million) (continued)
The Company
1 April 04
––––––––––––––––––––––––––––––––––––––––––––––––
As previously Reclassified As Disposals/
reported to stocks restated Additions Transfers 31 March 05
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Cost
Aircraft 13,592.8 – 13,592.8 1,471.7 (1,743.5) 13,321.0
Aircraft spares 1,232.9 (429.7) 803.2 42.2 (106.6) 738.8
Aircraft spare engines 392.1 – 392.1 32.8 (4.4) 420.5
Freehold land and buildings 236.5 – 236.5 – (4.0) 232.5
Leasehold land and buildings 537.7 – 537.7 – (1.0) 536.7
Plant and equipment 400.3 – 400.3 5.4 (3.3) 402.4
Office and computer equipment 525.1 – 525.1 55.8 (49.6) 531.3
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
16,917.4 (429.7) 16,487.7 1,607.9 (1,912.4) 16,183.2
Advance and progress payments 1,224.8 – 1,224.8 1,518.2 (1,556.0) 1,187.0
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
18,142.2 (429.7) 17,712.5 3,126.1 (3,468.4) 17,370.2
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Accumulated depreciation and
impairment
Aircraft 4,752.7 – 4,752.7 723.4 (1,155.3) 4,320.8
Aircraft spares 676.7 (99.2) 577.5 40.7 (110.3) 507.9
Aircraft spare engines 141.0 – 141.0 21.0 4.8 166.8
Freehold land and buildings 127.2 – 127.2 6.2 (3.6) 129.8
Leasehold land and buildings 308.1 – 308.1 15.8 (0.6) 323.3
Plant and equipment 268.6 – 268.6 41.2 (2.2) 307.6
Office and computer equipment 401.7 – 401.7 55.2 (51.0) 405.9
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
6,676.0 (99.2) 6,576.8 903.5 (1,318.2) 6,162.1
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Net book value 11,466.2 (330.5) 11,135.7 11,208.1
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Depreciation Net Book Value
2004-05 2003-04 31 March 05 31 March 04
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Aircraft 723.4 690.4 9,000.2 8,840.1
Aircraft spares 40.7 61.7 230.9 225.7
Aircraft spare engines 21.0 20.9 253.7 251.1
Freehold land and buildings 6.2 6.2 102.7 109.3
Leasehold land and buildings 15.8 15.8 213.4 229.6
Plant and equipment 41.2 46.5 94.8 131.7
Office and computer equipment 55.2 58.8 125.4 123.4
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
903.5 900.3 10,021.1 9,910.9
––––––––––––––––––––––––––––––––––––
Advance and progress payments 1,187.0 1,224.8
–––––––––––––––––––––––––––––––
11,208.1 11,135.7
–––––––––––––––––––––––––––––––
The Group
31 March
2005 2004
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Net book value of fixed assets acquired under finance leases:
– aircraft 903.5 967.4
– plant and equipment 114.5 137.4
–––––––––––––––––––––––––––––––
1,018.0 1,104.8
–––––––––––––––––––––––––––––––
Advance and progress payments comprise mainly purchases of aircraft, related equipment and building projects.