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 19 using T-accounts for Fixed Assets and Accumulated Depreciation:

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

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SINGAPORE AIRLINES Notes to the Accounts 19. Property, Plant and Equipment (in $ millions) The Company Beginning Disposals/ End of Year Additions Transfers of Year Cost Aircraft 18,180.1 2,257.2 1,730.3 2,399.0 18,707.0 2,160.8 Other fixed assets (summarized) 6,659.1 6,420.9 24,839.2 4,418.0 4,129.3 25,127.9 Beginning Impairment Disposals/ End Depreciation of Year Loss Transfers of Year Accumulated depreciation Aircraft 5,634.2 2,730.9 1,427.1 41.4 843.9 6,258.8 Other fixed assets (summarized) 385.2 239.4 2,876.7 8,365.1 1,812.3 41.4 1,083.3 9,135.5