曝光台 注意防骗
网曝天猫店富美金盛家居专营店坑蒙拐骗欺诈消费者
(i) During the year, in view of the age of the Group’s fleet of ATR72 aircraft, the Group determined to dispose of these aircraft and commenced its process of seeking buyers for these aircraft. As a result, the Group assessed
the recoverable amounts of these aircraft and related fleet assets. The carrying amount of the related fleet assets
was written down by RMB26 million. The estimates of recoverable amounts were based on the assets’ fair value less costs to sell, determined by reference to the recent observable market prices for the aircraft and related fleet assets.
In 2008, in view of the age and operating efficiency of the Group’s fleet of Boeing 777-200A aircraft, Airbus 300 aircraft and McDonnell Douglas 90 aircraft, the Group determined to dispose and commenced its process of seeking buyers for these aircraft. As a result, the Group assessed the recoverable amounts of these aircraft and related fleet assets. The carrying amount of the aircraft and the related fleet assets was written down by RMB1,590 million. The estimates of recoverable amounts were based on the aircraft’s fair value less costs to sell,
determined by reference to observable market prices for the respective model of aircraft. In addition, in 2008, there had been a decrease in demand of cargo transportation services as a result of the economic conditions, and that the operating efficiency of the Group’s cargo freighters Boeing 747 was not satisfactory due to lack of
economy of scale for the existing small fleet of cargo freighters. The Group assessed the recoverable amounts of
its cargo freighters and the related fleet assets, the carrying amount of the cargo freighters was written down
by RMB291 million. The estimates of recoverable amounts were based on the aircraft’s fair value less costs to sell, determined by reference to the observable market prices for the cargo freighters.
CHINA SOUTHERN AIRLINES COMPANY LIMITED • ANNUAL REPORT 2009 Notes to the Financial Statements 89
(Prepared in accordance with International Financial Reporting Standards)
(Expressed in Renminbi)
22 Construction in progress
The Group The Company
2009 2008 2009 2008
RMB million RMB million RMB million RMB million
At 1 January 17,321 11,385 14,987 10,537
Additions 9,070 10,711 6,927 9,098
Transferred to property, plant and equipment (Note 21) (8,315) (511) (6,443) (394)
Transferred to other assets upon completion of development (17) (112) (11) (112)
Transferred out in respect of sales and lease back of aircraft – (4,135) – (4,135)
Other decrease – (17) – (7)
At 31 December 18,059 17,321 15,460 14,987
The construction in progress as at 31 December 2009 mainly related to advance payments for acquisition of aircraft and flight equipment and progress payments for other construction projects at the Guangzhou, Hainan, Shenzhen and
Fuzhou airports, Shanghai Pudong Airport Base, Shanghai Hongqiao Airport Base and Beijing Branch.
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China Southern Airlines Company Limited Annual Report 2009(73)
