annual report 2009 - Aer Lingus

Financial Statements Aer Lingus Group Plc – Annual Report 20097314 Property, plant and equipmentFlightequipmentPropertyGroundequipmentOtherequipmentTotal€’000 €’000 €’000 €’000 €’000CostAt 1 January 2008 893,821 38,286 50,490 31,229 1,013,826Additions 109,136 727 3,511 2,045 115,419Disposals – (473) (10,450) (50) (10,973)Transfer to intangible assets – – – (10,301) (10,301)At 31 December 2008 1,002,957 38,540 43,551 22,923 1,107,971Accumulated depreciationAt 1 January 2008 258,227 30,480 35,851 26,168 350,726Depreciation charge for the period 58,485 1,740 5,680 3,653 69,558Disposals – (473) (10,450) (50) (10,973)Transfer to intangible assets – – – (10,301) (10,301)At 31 December 2008 316,712 31,747 31,081 19,470 399,010CostAt 1 January 2009 1,002,957 38,540 43,551 22,923 1,107,971Additions 151,677 425 5,939 773 158,814Disposals (10,122) – (1,099) (234) (11,455)At 31 December 2009 1,144,512 38,965 48,391 23,462 1,255,330Accumulated depreciationAt 1 January 2009 316,712 31,747 31,081 19,470 399,010Depreciation charge for the period 71,237 1,132 3,654 1,266 77,289Disposals (10,122) – (1,099) (234) (11,455)At 31 December 2009 377,827 32,879 33,636 20,502 464,844Net book valueAt 31 December 2009 766,685 6,086 14,755 2,960 790,486At 31 December 2008 686,245 6,793 12,470 3,453 708,961Leased assets included above (net book value)At 31 December 2009 514,988 – – – 514,988At 31 December 2008 472,076 – – – 472,076Management assess, at each reporting date, whether there is any indication that an asset may be impaired. If any such indicationexists, impairment is calculated by reference to the expected recoverable amount of the asset in question. No impairment losseswere recognised in 2009 or 2008.Finance lease obligations are secured on flight equipment with a net book value of €507.8m (2008: €528.6m) (Note 23).The depreciation expense of €77.3m (2008: €69.6m) has been charged in ‘depreciation and amortisation’ in the income statement.