21. Property, plant and equipment
|
Owned aircraft and engines |
Leased aircraft and engines |
Land and buildings |
Transport, equipment and other |
Construction in progress |
Total |
|
|---|---|---|---|---|---|---|
|
Cost |
||||||
|
1 January 2012 |
191.3 |
1,700.8 |
361.5 |
334.6 |
179.6 |
2,767.8 |
|
Additions |
14.6 |
670.2 |
4.2 |
58.6 |
81.0 |
828.6 |
|
Capitalised expenditures |
0.1 |
15.6 |
- |
- |
- |
15.7 |
|
Disposals |
(14.2) |
(18.7) |
(14.6) |
(19.2) |
(228.0) |
(294.7) |
|
Transfers to assets held for sale Transfer to assets held for sale relates to the sale of Aerofirst subsidiary in 2013 (Note 16). |
- |
- |
(14.8) |
(4.9) |
- |
(19.7) |
|
Transfers |
- |
- |
3.0 |
13.0 |
(16.0) |
- |
|
Translation from the functional currency to the presentation currency |
11.5 |
118.0 |
21.2 |
20.7 |
7.1 |
178.5 |
|
31 December 2012 |
203.3 |
2,485.9 |
360.5 |
402.8 |
23.7 |
3,476.2 |
|
Additions The 2013 additions mainly relate to the addition of four aircraft Boeing B-777, with a carrying amount of USD 550.7 million which were received under finance lease agreements |
31.8 |
565.9 |
3.4 |
69.0 |
40.6 |
710.7 |
|
Capitalised expenditures |
- |
66.0 |
- |
- |
10.4 |
76.4 |
|
Disposals The 2013 disposals mainly include the disposal of cabins of Boeing B-767 aircraft and three aircraft Boeing B-737-500 . |
(24.3) |
(32.4) |
(1.1) |
(23.5) |
- |
(81.3) |
|
Transfers |
- |
- |
2.1 |
13.1 |
(15.2) |
- |
|
Translation from the functional currency to the presentation currency |
(14.8) |
(195.1) |
(26.1) |
(30.7) |
(2.6) |
(269.3) |
|
31 December 2013 |
196.0 |
2,890.3 |
338.8 |
430.7 |
56.9 |
3,912.7 |
|
Accumulated depreciation |
||||||
|
1 January 2012 |
(119.9) |
(394.0) |
(115.8) |
(167.4) |
(0.5) |
(797.6) |
|
Charge for the year |
(23.4) |
(165.5) |
(12.9) |
(43.5) |
- |
(245.3) |
|
(Accrual)/release of impairment provision |
(0.1) |
- |
- |
0.4 |
- |
0.3 |
|
Disposals |
11.6 |
18.7 |
6.7 |
14.1 |
- |
51.1 |
|
Transfers to assets held for sale Transfer to assets held for sale relates to the sale of Aerofirst subsidiary in 2013 (Note 16). |
- |
- |
1.5 |
1.7 |
- |
3.2 |
|
Translation from the functional currency to the presentation currency |
(7.5) |
(27.0) |
(6.9) |
(10.6) |
- |
(52.0) |
|
31 December 2012 |
(139.3) |
(567.8) |
(127.4) |
(205.3) |
(0.5) |
(1,040.3) |
|
Charge for the year |
(27.8) |
(215.6) |
(11.7) |
(53.7) |
- |
(308.8) |
|
(Accrual)/release of impairment provision |
(7.5) |
- |
- |
1.7 |
0.0 |
(5.8) |
|
Disposals The 2013 disposals mainly include the disposal of cabins of Boeing B-767 aircraft and three aircraft Boeing B-737-500. |
23.0 |
32.4 |
0.1 |
17.7 |
- |
73.2 |
|
Translation from the functional currency to the presentation currency |
10.2 |
45.8 |
9.5 |
15.9 |
0.1 |
81.5 |
|
31 December 2013 |
(141.4) |
(705.2) |
(129.5) |
(223.7) |
(0.4) |
(1,200.2) |
|
Carrying amount |
||||||
|
31 December 2012 |
64.0 |
1,918.1 |
233.1 |
197.5 |
23.2 |
2,435.9 |
|
31 December 2013 |
54.6 |
2,185.1 |
209.3 |
207.0 |
56.5 |
2,712.5 |
In 2013, capitalised interest expense amounted to USD 55.4 million. Capitalisation rate was 3.7% in 2013.
As at 31 December 2013 property and land (including tenancy) with the total carrying amount of USD 23.5 million (31 December 2012: USD 50.3 million) were pledged to third and related parties as a security for the Group’s borrowings (Note 30).
As at 31 December 2013 the cost of fully depreciated property plant and equipment was USD 169.6 million (31 December 2012: USD 195.5 million).
In 2013 the loss on impairment of own aircraft and engines which was equal to USD 7.5 million related to impairment of aircraft, engines and capitalised spare parts due to disposal of IL-96 aircraft (2012: USD 0.1 million of loss on impairment of the capitalised spare parts).
Notes in Consolidated Statements:
Consolidated Statement of Profit or Loss
Consolidated Statement of Financial Position
Consolidated Statement of Cash Flows
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