The following information is summarized from Note 20 of a recent annual report of Andromidas Airlines. Numbers are in millions of Singapore dollars: Cost Aircraft Other fixed assets (summarized) Accumulated depreciation Aircraft Other fixed assets (summarized) Beginning of Year 18,260.1 6,829.1 25,089.2 Beginning Impairment of Year Depreciation Loss 5,684.2 2,930.9 8,615.1 Additions Disposals 2,437.2 1,770.3 18,927.0 2,160.8 2,469.0 6,520.9 4,598.0 4,239.3 25,447.9 1,467.1 485.2 1,952.3 Andromidas Airlines also reported the following cash flow details: 59.4 1.9 61.3 End of Year Cash Flow from Operating Activities (in $ millions) Current Year Disposals 993.9 319.4 1,313.3 Prior Year End of Year 6,216.8 3,098.6 9,315.4

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Chapter1: Financial Statements And Business Decisions
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Required information
P8-7 (Algo) Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements and
Analyzing the Impact of Depreciation on Cash Flows LO8-5, 8-7
[The following information applies to the questions displayed below.]
The following information is summarized from Note 20 of a recent annual report of Andromidas Airlines. Numbers are in
millions of Singapore dollars:
Cost
Aircraft
Other fixed assets (summarized)
Accumulated depreciation
Aircraft
Other fixed assets (summarized)
Beginning
of Year Additions Disposals
P8-7 Part 2
18,260.1
6,829.1
25,089.2
Cash proceeds from disposals
Beginning
of Year Depreciation
Profit before taxation
Adjustments for
Depreciation
Impairment loss
Loss (gain) on disposal of fixed assets
Other adjustments (summarized)
Cash generated from operations
5,684.2
2,930.9
8,615.1
Andromidas Airlines also reported the following cash flow details:
2,437.2 1,770.3 18,927.0
2,160.8 2,469.0 6,520.9
4,598.0 4,239.3 25,447.9
1,467.1
485.2
59.4
1.9
1,952.3 61.3
million
Impairment
Loss
Cash Flow from Operating Activities (in $ millions)
Current Year
1,200.6
1,952.3
61.3
(55.7)
(1,540.2)
1,618.3
End
of Year
Disposals
993.9
319.4
6,216.8
3,098.6
1,313.3 9,315.4
Prior Year
2,548.2
End
of Year
1,503.8
6.1
(32.1)
428.9
4,454.9
2. Compute the amount of cash the company received for disposals for the current year. (Enter your answers in millions rounded to 1
decimal place (i.e., 5,500,000 should be entered as 5.5).)
Transcribed Image Text:! Required information P8-7 (Algo) Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements and Analyzing the Impact of Depreciation on Cash Flows LO8-5, 8-7 [The following information applies to the questions displayed below.] The following information is summarized from Note 20 of a recent annual report of Andromidas Airlines. Numbers are in millions of Singapore dollars: Cost Aircraft Other fixed assets (summarized) Accumulated depreciation Aircraft Other fixed assets (summarized) Beginning of Year Additions Disposals P8-7 Part 2 18,260.1 6,829.1 25,089.2 Cash proceeds from disposals Beginning of Year Depreciation Profit before taxation Adjustments for Depreciation Impairment loss Loss (gain) on disposal of fixed assets Other adjustments (summarized) Cash generated from operations 5,684.2 2,930.9 8,615.1 Andromidas Airlines also reported the following cash flow details: 2,437.2 1,770.3 18,927.0 2,160.8 2,469.0 6,520.9 4,598.0 4,239.3 25,447.9 1,467.1 485.2 59.4 1.9 1,952.3 61.3 million Impairment Loss Cash Flow from Operating Activities (in $ millions) Current Year 1,200.6 1,952.3 61.3 (55.7) (1,540.2) 1,618.3 End of Year Disposals 993.9 319.4 6,216.8 3,098.6 1,313.3 9,315.4 Prior Year 2,548.2 End of Year 1,503.8 6.1 (32.1) 428.9 4,454.9 2. Compute the amount of cash the company received for disposals for the current year. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
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