Singapore Airlines 2007 Annual Report Download - page 119

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NOTES TO THE FINANCIAL STATEMENTS
31 March 2007
Singapore Airlines 117 Annual Report 2006-07
18 Fixed Assets (in $ million) (continued)
The Company (continued)
Disposals/
1 April 05 Additions Transfers Impairment 31 March 06
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Cost
Aircraft 13,321.0 600.6 (789.1) – 13,132.5
Aircraft spares 738.8 39.5 (39.5) – 738.8
Aircraft spare engines 420.5 5.8 (40.1) – 386.2
Freehold land and buildings 232.5 – (6.8) – 225.7
Leasehold land and buildings 536.7 5.5 (5.4) – 536.8
Plant and equipment 402.4 7.0 (9.3) – 400.1
Offi ce and computer equipment 322.4 5.2 (15.4) – 312.2
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
15,974.3 663.6 (905.6) – 15,732.3
Advance and progress payments 1,187.0 1,037.7 (269.3) – 1,955.4
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
17,161.3 1,701.3 (1,174.9) – 17,687.7
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Accumulated depreciation and impairment
Aircraft 4,320.8 796.8 (689.6) 9.9 4,437.9
Aircraft spares 507.9 15.0 (32.1) – 490.8
Aircraft spare engines 166.8 26.8 (15.7) – 177.9
Freehold land and buildings 129.8 6.2 (4.9) – 131.1
Leasehold land and buildings 323.3 15.7 (4.6) – 334.4
Plant and equipment 307.6 33.5 (9.2) – 331.9
Offi ce and computer equipment 285.3 19.4 (15.4) – 289.3
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
6,041.5 913.4 (771.5) 9.9 6,193.3
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Net book value 11,119.8 11,494.4
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Net Book Value
31 March 07 31 March 06
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Aircraft 9,735.9 8,694.6
Aircraft spares 266.0 248.0
Aircraft spare engines 202.3 208.3
Freehold land and buildings 75.6 94.6
Leasehold land and buildings 72.3 202.4
Plant and equipment 51.9 68.2
Offi ce and computer equipment 17.1 22.9
––––––––––––––––––––––––––––––––––––
10,421.1 9,539.0
Advance and progress payments 2,188.3 1,955.4
––––––––––––––––––––––––––––––––––––
12,609.4 11,494.4
––––––––––––––––––––––––––––––––––––
The Group
31 March
2007 2006
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Net book value of fi xed assets acquired under fi nance leases:
– aircraft 925.4 838.1
– plant and equipment – 93.4
– factory building 76.2 2.4
––––––––––––––––––––––––––––––––––––
1,001.6 933.9
––––––––––––––––––––––––––––––––––––
Advance and progress payments comprise mainly purchases of aircraft, related equipment and building projects.