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 13 into 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 13. Fixed Assets (dollars in millions) The Company Beginning of Year DisposalsEnd Additions Transfers of Year Cost Aircraft Other fixed assets (summarized) 10,293.1 3,580.9 13,874.0 954.4 1.499. 1.1 2.453.5 296.4 10,951.1 3.923.3 14.874.4 1156.7 1,453.1 Accumulated depreciation Aircraft Other fixed assets (summarized) 683.7 158.5 842.2 4,024.8 1,433.4 5,458.2 290.1 73.8 4.418.4 1.518.1 363.9 5.930.4 Cash Flow from Operating Activities (dollars in millions) The Company Current Year Prior Year Operating Profit Adjustments for 755.9 816.5 842.2 Depreciation of fixed assets Loss/(surplus) on sale of fixed assets Other adjustments (summarized) 837.5 (0.3) 39.4 1,693.1 82.3 Net Cash Provided by Operating Activities 1,679.1 Fixed Assets Accumulated Depreciation Beg. balance Acquisitions End. balance Beg. balance Disposals/transfers Disposals/transfers Depreciation expense End. balance