Scribd Logo
Upload

Welcome to Scribd!

  • Spice Jet 2015 - IGAAP

    Uploaded by

    Ranjan Dasgupta
    3 views1 page
    This document summarizes the tangible assets of an airline company as of March 31, 2015. It shows the costs and accumulated depreciation of various asset classes like aircrafts, plant and machinery, computers, vehicles, and others. The total cost of tangible assets as of March 31, 2015 was Rs. 20,894.16 million and the accumulated depreciation was Rs. 3,779.78 million, leaving a net block of Rs. 17,114.38 million. It also provides some explanatory notes around aircraft titles, foreign exchange adjustments, and changes in useful life estimates.

    Original Description:

    Original Title

    Spice jet 2015_IGAAP

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document summarizes the tangible assets of an airline company as of March 31, 2015. It shows the costs and accumulated depreciation of various asset classes like aircrafts, plant and machinery, computers, vehicles, and others. The total cost of tangible assets as of March 31, 2015 was Rs. 20,894.16 million and the accumulated depreciation was Rs. 3,779.78 million, leaving a net block of Rs. 17,114.38 million. It also provides some explanatory notes around aircraft titles, foreign exchange adjustments, and changes in useful life estimates.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views1 page

    Spice Jet 2015 - IGAAP

    Uploaded by

    Ranjan Dasgupta
    This document summarizes the tangible assets of an airline company as of March 31, 2015. It shows the costs and accumulated depreciation of various asset classes like aircrafts, plant and machinery, computers, vehicles, and others. The total cost of tangible assets as of March 31, 2015 was Rs. 20,894.16 million and the accumulated depreciation was Rs. 3,779.78 million, leaving a net block of Rs. 17,114.38 million. It also provides some explanatory notes around aircraft titles, foreign exchange adjustments, and changes in useful life estimates.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Notes to the financial statements for the period ended March 31, 2015

    (All amounts are in millions of Indian Rupees, unless otherwise stated)

    12 TANGIBLE ASSETS
    Particulars Plant & Rotable & Office Computers Furniture Motor Leasehold Aircraft^ Total
    Machinery Tools Equipment & Fixtures Vehicles Improvements
    Cost or Valuation
    As at April 1, 2013 373.56 1,108.63 77.72 161.34 26.08 259.29 332.68 16,965.23 19,304.53
    Additions during the year 113.74 302.69 12.40 26.95 1.48 167.10 103.44 - 727.80

    31st Annual Report 2014-15


    Disposals 7.46 13.84 2.35 11.58 0.87 27.30 - - 63.40
    Other adjustments* - - - - - - - 1,539.75 1,539.75
    As at March 31, 2014 479.84 1,397.48 87.77 176.71 26.69 399.09 436.12 18,504.98 21,508.68
    Additions during the year 2.64 62.67 4.00 11.33 1.15 35.68 3.80 - 121.27
    Disposals 2.42 11.95 6.90 25.55 2.04 1.25 - 1,233.40 1,283.51
    Other adjustments* - - - - - - - 547.72 547.72
    As at March 31, 2015 480.06 1,448.20 84.87 162.49 25.80 433.52 439.92 17,819.30 20,894.16

    Depreciation
    As at April 1, 2013 62.95 190.85 12.20 90.97 10.29 89.55 78.60 843.67 1,379.08
    Charge for the year 21.50 74.60 4.81 20.77 2.03 38.80 314.42 965.17 1,442.10
    Disposals 3.12 2.85 1.08 10.11 0.50 23.29 - - 40.95
    As at March 31, 2014 81.33 262.60 15.93 101.63 11.82 105.06 393.02 1,808.84 2,780.23
    Charge for the year 34.56 81.41 22.47 41.70 2.96 53.27 14.66 974.66 1,225.69
    Disposals 1.66 2.40 6.10 25.23 1.77 1.21 - 212.17 250.54
    Other adjustments # 0.99 - 8.99 11.85 - 2.57 - - 24.40
    As at March 31, 2015 115.22 341.61 41.29 129.95 13.01 159.69 407.68 2,571.33 3,779.78
    Net Block -
    As at March 31, 2014 398.51 1,134.88 71.84 75.08 14.87 294.03 43.10 16,696.14 18,728.45

    As at March 31, 2015 364.84 1,106.59 43.58 32.54 12.79 273.83 32.24 15,247.97 17,114.38
    ^ Under the agreement with the lender, the title to the aircrafts vest with the lessor and the Company shall take title to aircrafts at the end of the lease period upon
    payment of all dues under the lease agreements. Also refer note 6 (b).
    * Represents foreign exchange loss capitalised during the year and depreciation thereon.
    # Represents impact of adoption of useful lives of fixed assets as prescribed under Schedule II to the Act, which has been adjusted with the balance carried forward in
    the statement of profit and loss (deficit). Also refer note 5.

    67

    You might also like