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 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 21. Property, Plant, and Equipment (in S millions) The Group Beginning of Year Disposals End Transfers of Year Additions Cost Aircraft Other fixed assets (summarized) 4,566.81180 1,069.9 4,614.9 116.4 20,042.8 24,609.6 Beginning 19,610.8 1,234.4 1,618.3 24,225.7 Impairment Disposals End of Year Depreciaon Lss Transfers of Year 7,567.9 9,545.7 Accumulated depreciation Aircraft 9 1,506.9 164.8 1,671.7 14.6 590.5 294.5 1.849.2 885.0 10,348.1 8,498.9 Other fixed assets (summarized) 1977.8 15.7 Cash Flow from Operating Activities (in S millions) Current Year 1,419.0 1,671.7 (103.3) Prior Year Profit before taxation 285.5 Adjustments for Depreciation Impairment loss Surplus (gain) on disposal of fixed assets 1,713.8 6.1 (25.4) 15.7 282.1 7.7) Other adjustments (summarized) Cash generated from operations $252 1972.3 1,972.3 Property, Plant, and Equipment Accumulated Depreciation Beg. balance Acquisitions Beg. balance Disposals/transfers Disposal/transfers Depreciation expense Impairment loss End. balance End. balance