31. Other non-current liabilities
|
31 December 2013 |
31 December 2012 |
|
|---|---|---|
|
Other non-current liabilities related to frequent flyer programme (Note 26) |
74.9 |
93.0 |
|
VAT payable on imported leased aircraft (Note 25) |
57.6 |
105.2 |
|
Defined benefit pension obligation, non-current portion |
21.6 |
14.9 |
|
Customs duties payable on imported leased aircraft (Note 25) |
5.2 |
8.4 |
|
Other non-current liabilities |
2.6 |
9.4 |
|
Total other non-current liabilities |
161.9 |
230.9 |
As at 31 December 2013 other non-current liabilities include the noncurrent portion of VAT payable of USD 57.6 million (31 December 2012: USD 105.2 million) and customs duties of USD 5.2 million (31 December 2012: USD 8.4 million) relating to imported leased aircraft, which are payable in equal monthly instalments over a thirty-four-month period from the date these assets are cleared through customs.
Non-current customs duties payable on imported leased aircraft have been discounted using a discount rate of 9.8% to 12% (31 December 2012: 9.8% to 12%).
The current portion of VAT payable and customs duties payable of USD 115.7 million (31 December 2012: USD 104.0 million) and USD 8.2 million (31 December 2012: USD 10.3 million), respectively, are related to the imported leased aircraft (Note 25).
Notes in Consolidated Statements:
Consolidated Statement of Financial Position
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