12.

Tangible Assets
(` in lakhs)
Nature of Assets Gross Block (At Cost / Valuation) Depreciation Impairment Net Block
As at 1st Additions / Deductions / As at 31st As at 1st Retained Additions / Deductions / As at As at 31st As at 31st As at 31st
April, 2014 Adjustments Adjustments March, April, Earnings Adjustments Adjustments 31st March, 2015 March, March,
during the during the 2015 2014 (Refer note during the during the March, [Refer note 2015 2014
year year 4 below) year year 2015 3(i) below]
Owned Tangible Assets
Freehold Land 32 - - 32 - - - - - - 32 32
Plant and Machinery 753 - 2 751 274 - 65 1 338 - 413 479
Furniture and Fixtures 3,261 129 59 3,331 1,754 103 446 46 2,257 - 1,074 1,507
Electrical Fittings 2,359 66 103 2,322 860 166 467 77 1,416 - 906 1,499
Data Processing Equipments 7,730 1,134 442 8,422 6,861 129 707 437 7,260 - 1,162 869
Office Equipment 4,404 84 69 4,419 1,986 2,111 156 68 4,185 - 234 2,418
Ground Support Equipment 7,045 570 113 7,502 3,271 307 836 108 4,306 - 3,196 3,774
Vehicles 465 - 26 439 275 31 47 23 330 - 109 190
Ground Support Vehicles 7,301 783 79 8,005 5,108 14 894 79 5,937 - 2,068 2,193
Simulators 21,455 - 514 20,941 9,889 - 1,836 375 11,350 - 9,591 11,566
Aircraft and Spare Engines (Narrow 175,242 162,225 157,322 180,145 69,069 - 8,566 3 77,632 - 102,513 106,173
Body-
Refer note 1 below)
Leased Assets
Leasehold Land 193,001 - - 193,001 14,113 - 1,015 - 15,128 112,920 64,953 65,968
Aircraft (Narrow Body- 23,180 125 - 23,305 12,822 - 1,098 - 13,920 - 9,385 10,358
Refer note 1 below)
Aircraft (Wide Body) 1,098,077 28,984 - 1,127,061 355,960 - 55,731 - 411,691 - 715,370 742,117
Improvement on Leased Aircraft 18,080 1,236 - 19,316 6,886 - 2,109 - 8,995 - 10,321 11,194
Improvement on Leased Property 6,051 199 - 6,250 5,442 - 291 - 5,733 - 517 609
TOTAL 1,568,436 195,535 158,729 1,605,242 494,570 2,861 74,264 1,217 570,478 112,920 921,844 960,946

Previous Year 1,609,871 79,203 120,638 1,568,436 452,556 87,238 45,224 494,570 112,920 960,946

1) All the Aircraft (except one) are acquired on Hire-purchase / Finance Lease basis. Such Aircraft are charged by the Hirers / Lessors against the financing arrangements obtained by them.
2) Additions to Aircraft during the year include ` 23,292 lakhs [Net loss] (Previous Year ` 72,827 lakhs (Net Loss)) on account of Exchange Loss / (Gain) (Refer note 30).
3) Details of Revaluation
i. The Company had revalued the leasehold land taken from MMRDA situated at Bandra Kurla Complex on 31st March, 2008. The Company reassessed the value of the land together with its entitled share
of the building based on the project cost estimates as of 31st March, 2014 and as of 31st March, 2015 provided by Godrej Buildcon Private Limited, the Developer and an amount of ` 29,916 lakhs and
` Nil have been adjusted as on 31st March, 2014 and 31st March, 2015 respectively against the Revaluation Reserve. The cumulative amount adjusted against the revaluation reserve is ` 112,920 lakhs
as on 31st March 2015.
ii. Narrow Body Aircraft were revalued on 31st March, 2008 with reference to the then current market prices; amount added on revaluation was ` 118,133 lakhs; the revalued amount substituted for book
value on 31st March, 2008 was ` 346,396 lakhs. Revalued amount as on 31st March, 2015 was ` 6,624 lakhs (Previous Year ` 6,624 lakhs).
4) Pursuant to the Company adopting the useful life of fixed assets as indicated in part C of Schedule II of the Companies Act, 2013, coming in to effect from 1st April, 2014, the depreciation charge for year ended
31st March, 2015 is lower (net) by ` 11,150 lakhs. Further, in respect assets which have completed their useful life as at 1st April, 2014, their carrying value amounting to ` 2,861 lakhs has been adjusted against
Notes to the Financial Statements for the Year Ended 31st March, 2015 (Contd.)

retained earnings.

85