Singapore Airlines reported the following information in the notes to a recent annual report ( in Singapore dollars):

Singapore Airlines also reported the following cash flow details:

Required:
1. Reconstruct the information in Note 21 into T-accounts for property, plant, and equipment and accumulated depreciation:

2. Compute the amount of cash the company received for disposals and transfers. Show computations.
3. Compute the percentage of depreciation expense to cash flows from operations. How do you interpret this percentage?

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SINGAPORE AIRLINES Notes to the Accounts 21. Property, plant, and equipment (in $ million) Beginning Disposals/ End of of Year Additions Transfers Year Cost Aircraft Other property plant, and equipment (summarized) 4,614.9 1,550.9 1,959.8 4,206.0 Accumulated depreciation Aircraft Other fixed assets (summarized) $19,610.8 94.9 476.5 $19,229.2 8,499.9 1,433.3 1,727.2 8205.0 1,849.2 155 155.6 ,848.8 Cash Flow from Operating Activities (in $ million) The Company Current Year $ 448.2 Prior Year $1,419.0 Earnings before income taxes Adjustments for: Depreciation of property, plant, and equipment Loss (Gain) on disposal of property, plant, and equipment Other adjustments (summarized) Net cash proided by operating activities 1,671.7 (103.3) 1,588.5 1.4 (119.6) $1,918.5 2 $2,980.2 Property, Plant, and Equipment Beg. balance Acquisitions End. balance Accumulated Depreciation Beg balance Depreciation expense End. balance Disposalstransfers Disposals/transfers