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) Beginning of Year Additions Disposals End of Year 18,180.1 6,709.1 24,889.2 2,417.2 1,860.3 18,737.0 2,270.8 2,429.0 6,550.9 4,688.0 4,289.3 25,287.9 Beginning Impairment End of Year Depreciation Loss Disposals of Year Accumulated depreciation Aircraft Other fixed assets (summarized) 5,824.2 2,790.9 8,615.1 1,527.1 505.2 59.4 1,043.9 6,366.8 1.2 399.4 2,897.9 2,032.3 60.6 1,443.3 9,264.7 Andromidas Airlines also reported the following cash flow details: Cash Flow from Operating Activities (in $ millions) Profit before taxation Current Year 1,207.6 Prior Year 2,560.2 Adjustments for Depreciation 2,032.3 1,496.8 Impairment loss Loss (gain) on disposal of fixed assets. 60.6 (43.7) 7.1 (36.1) Other adjustments (summarized) (1,537.2) 417.9 Cash generated from operations 1,719.6 4,445.9