Westjet 2001 Annual Report Download - page 49

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47
Years ended December 31, 2001 and 2000
(Tabular Amounts are Stated in Thousands of Dollars)
2. Capital assets:
Accumulated Net book
2001 Cost depreciation value
Aircraft $ 188,000 $ 49,912 $ 138,088
Spare engines and parts 42,628 5,551 37,077
Buildings 23,051 446 22,605
Flight simulators 19,455 670 18,785
Aircraft under capital lease 18,617 2,980 15,637
Computer hardware and software 12,388 3,732 8,656
Equipment 6,990 2,614 4,376
Leasehold improvements 3,539 1,421 2,118
Computer hardware under capital lease 643 494 149
315,311 67,820 247,491
Deposits on aircraft 53,194 - 53,194
$ 368,505 $ 67,820 $ 300,685
2000
Aircraft $ 174,014 $ 27,676 $ 146,338
Spare engines and parts 26,497 1,410 25,087
Buildings 19,958 - 19,958
Flight simulators 9,624 - 9,624
Aircraft under capital lease 9,202 151 9,051
Computer hardware and software 6,879 2,059 4,820
Equipment 5,003 1,470 3,533
Leasehold improvements 3,112 915 2,197
Computer hardware under capital lease 643 359 284
254,932 34,040 220,892
Deposits on aircraft 18,428 - 18,428
$ 273,360 $ 34,040 $ 239,320
During the year capital assets were acquired at an aggregate cost of $9,415,000 (2000 - $9,780,000) by
means of capital leases and interest costs of $467,000 (2000 - $275,000) were capitalized to buildings
under construction.
3. Other long-term assets:
Included in other long-term assets are pre-payments of premiums for long-term contracts with fuel
suppliers of $667,000 (2000 – $2,000,000), deposits on long-term operating lease agreements of
$4,748,000 (2000 - $3,435,000), pre-payments of insurance of $496,000 (2000 – $242,000), unamortized
hedge settlement of $1,087,000 (2000 – nil) and deferred foreign exchange losses of $490,000 (2000 –
nil).
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS