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91Qantas |Annual Report 2007
Notes to the Financial Statements
for the year ended 30 June 2007
Qantas Group Qantas
2007
$M
2006
$M
2007
$M
2006
$M
Aircraft and engines – owned1
At cost 10,671.1 10,413.0 7,521.2 7,322.5
Less: accumulated depreciation 4,293.8 3,620.0 3,517.2 2,986.7
6,377.3 6,793.0 4,004.0 4,335.8
Aircraft and engines – hire purchased
At cost 2,806.1 2,685.6 5,112.6 4,971.7
Less: accumulated amortisation 812.3 633.6 1,313.3 1,021.8
1,993.8 2,052.0 3,799.3 3,949.9
Aircraft and engines – leased
At cost 1,296.3 1,391.0 1,284.0 1,370.7
Less: accumulated amortisation 896.1 896.3 894.5 880.4
400.2 494.7 389.5 490.3
Aircraft and engines – maintenance
At cost 852.7 826.6 835.9 804.7
Less: accumulated depreciation 482.5 396.6 472.8 386.0
370.2 430.0 363.1 418.7
Total aircraft and engines
At cost 15,626.2 15,316.2 14,753.7 14,469.6
Less: accumulated depreciation and amortisation 6,484.7 5,546.5 6,197.8 5,274.9
Total aircraft and engines at net book value 9,141.5 9,769.7 8,555.9 9,194.7
Aircraft spare parts – owned
At cost 724.3 677.9 578.2 555.4
Less: accumulated depreciation 336.3 301.3 293.6 266.4
388.0 376.6 284.6 289.0
Aircraft spare parts – leased
At cost 23.7 25.6 23.7 25.6
Less: accumulated amortisation 9.2 7.8 9.2 7. 8
14.5 17.8 14.5 17.8
Total aircraft spare parts
At cost 748.0 703.5 601.9 581.0
Less: accumulated depreciation and amortisation 345.5 309.1 302.8 274.2
Total aircraft spare parts at net book value 402.5 394.4 299.1 306.8
Aircraft deposits
At cost 1,408.8 866.8 1,054.8 525.5
1,408.8 866.8 1,054.8 525.5
Total property, plant and equipment
At cost 20,823.8 19,766.2 18,594.0 17,650.2
Less: accumulated depreciation and amortisation 8,515.5 7,391. 2 7,623.9 6,562.7
Total property, plant and equipment at net book value 12,308.3 12,375.0 10,970.1 11,087.5
Qantas leases out freighter aircraft under long-term operating leases as disclosed in Note 20. The value of leased assets at 30 June 2007 is $31.1 million (2006: nil).
1
11. Property, Plant and Equipment continued