297 / 396
11. Property, plant and equipment (cont’d.)
Cost
RM’000
Accumulated
depreciation
RM’000
Carrying
amount
RM’000
Company
At 31 December 2016
Aircraft engines, airframes and service potential
10,101,221
(2,680,082)
7,421,139
Aircraft spares
277,742
(144,866)
132,876
Aircraft fixtures and fittings
149,475
(94,029)
55,446
Buildings
160,682
(1,371)
159,311
Motor vehicles
22,894
(18,028)
4,866
Office equipment, furniture and fittings
110,061
(74,383)
35,678
Office renovation
34,327
(23,141)
11,186
Simulator equipment
1,258
(214)
1,044
Operating plant and ground equipment
53,103
(40,116)
12,987
In-flight equipment
1,984
(1,578)
406
Training equipment
4,419
(4,418)
1
Work in progress
23,952
–
23,952
10,941,118 (3,082,226)
7,858,892
Included in property, plant and equipment of the Group and the Company are assets with the following:
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
Carrying amount of owned aircraft sub-leased to associates
1,694,717
3,368,288
1,028,779
798,862
Aircraft pledged as security for borrowings
8,840,989
10,369,963
6,496,642
7,421,139
The beneficial ownership and operational control of aircraft pledged as security for borrowings rests with the Company when the
aircraft is delivered to the Company.
Where the legal title to the aircraft is held by financiers during delivery, the legal title will be transferred to the Company only upon
settlement of the respective facilities.
[ ]
283
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS