Singapore Airlines 2006 Annual Report Download - page 115

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113
Singapore Airlines Annual Report 05/06
18 Fixed Assets (in $ million) (continued)
In accordance with the revised FRS 38: Intangible assets, the Group and the Company has reclassifi ed cost and accumulated
depreciation of computer software from fi xed assets to intangible assets (Note 19) as summarised below:
The Group The Company
Cost as at 31 March 2005 301.7 208.9
Accumulated depreciation as at 31 March 2005 (158.9) (120.6)
Depreciation for 2004-05 42.8 29.1
The Group
31 March
2006 2005
Net book value of fi xed assets acquired under fi nance leases:
– aircraft 838.1 903.5
– plant and equipment 93.4 114.5
– factory building 2.4 –
933.9 1,018.0
Advance and progress payments comprise mainly purchases of aircraft, related equipment and building projects.
Assets pledged as security
In addition to assets held under fi nance leases, the following assets are mortgaged under bank loans:
The Group
31 March
2006 2005
Net book value of:
– aircraft 213.7 227.3
– building 5.4 5.5
NOTES TO THE FINANCIAL STATEMENTS
31 March 2006