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PROPERTY, PLANT AND EQUIPMENT (Tables) | 12 Months Ended
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Mar. 31, 2018
Property, plant and equipment [abstract] |
Disclosure of detailed information about property, plant and equipment | The estimated useful lives, residual values and depreciation methods are as follows:
| Method | Amortization rate/period
Buildings and improvements | Straight-line | 2.5 to 10%/3 to 40 years
Simulators | Straight-line (10% residual) | Not exceeding 25 years
Machinery and equipment | Declining balance/Straight-line | 20 to 35%/2 to 10 years
Aircraft | Straight-line (residual not exceeding 15%) | Not exceeding 25 years
Aircraft engines | Based on utilization | Not exceeding 3,500 hours
|  |  |  |  |  |  |  |  |  |  |  | Assets |  |  |  |  |
|  |  | Buildings |  |  |  | Machinery |  | Aircraft and |  |  | under |  |  | Assets |  |  |
|  |  |  | and |  |  |  |  | and |  |  | aircraft |  |  | finance |  |  | under |  |  |
(amounts in millions) |  | Land |  | improvements |  | Simulators |  | equipment |  |  | engines |  |  | lease |  | construction |  |  | Total |
Net book value at March 31, 2016 |  | $ | 24.1 |  |  | $ | 199.6 |  |  | $ | 925.9 |  |  | $ | 50.7 |  |  | $ | 22.1 |  |  | $ | 153.5 |  |  | $ | 97.2 |  |  | $ | 1,473.1 |
Additions |  | — |  |  | 14.9 |  |  | 34.6 |  |  | 15.2 |  |  | 41.3 |  |  | — |  |  | 116.9 |  |  | 222.9 |
Acquisition of subsidiaries |  | — |  |  | 1.9 |  |  | 22.5 |  |  | 0.4 |  |  | — |  |  | 13.7 |  |  | — |  |  | 38.5 |
Disposals |  | — |  |  | (1.3 | ) |  | (3.1 | ) |  | (0.1 | ) |  | (4.7 | ) |  | (0.2 | ) |  | — |  |  | (9.4 | )
Depreciation |  | — |  |  | (15.9 | ) |  | (68.9 | ) |  | (17.1 | ) |  | (3.6 | ) |  | (17.3 | ) |  | — |  |  | (122.8 | )
Transfers and others |  | — |  |  | (1.4 | ) |  | 113.8 |  |  | (0.2 | ) |  | — |  |  | (1.6 | ) |  | (118.9 | ) |  | (8.3 | )
Exchange differences |  | (0.5 | ) |  | (1.7 | ) |  | (12.1 | ) |  | (0.3 | ) |  | 0.1 |  |  | 2.0 |  |  | 1.1 |  |  | (11.4 | )
Net book value at March 31, 2017 |  | $ | 23.6 |  |  | $ | 196.1 |  |  | $ | 1,012.7 |  |  | $ | 48.6 |  |  | $ | 55.2 |  |  | $ | 150.1 |  |  | $ | 96.3 |  |  | $ | 1,582.6 |
Additions |  | — |  |  | 13.3 |  |  | 27.8 |  |  | 16.5 |  |  | 5.6 |  |  | — |  |  | 110.7 |  |  | 173.9 |
Acquisition of subsidiaries (Note 3) |  | — |  |  | 7.8 |  |  | 87.0 |  |  | 0.4 |  |  | — |  |  | — |  |  | 32.5 |  |  | 127.7 |
Disposals |  | — |  |  | (0.1 | ) |  | (18.0 | ) |  | (0.1 | ) |  | (0.5 | ) |  | (2.2 | ) |  | — |  |  | (20.9 | )
Depreciation |  | — |  |  | (15.4 | ) |  | (66.8 | ) |  | (18.3 | ) |  | (3.8 | ) |  | (16.5 | ) |  | — |  |  | (120.8 | )
Transfers and others |  | — |  |  | (1.4 | ) |  | 114.0 |  |  | 2.3 |  |  | (0.4 | ) |  | (7.1 | ) |  | (78.0 | ) |  | 29.4 |
Exchange differences |  | 0.3 |  |  | 2.5 |  |  | 29.2 |  |  | 0.9 |  |  | (0.7 | ) |  | (3.1 | ) |  | 2.9 |  |  | 32.0 |
Net book value at March 31, 2018 |  | $ | 23.9 |  |  | $ | 202.8 |  |  | $ | 1,185.9 |  |  | $ | 50.3 |  |  | $ | 55.4 |  |  | $ | 121.2 |  |  | $ | 164.4 |  |  | $ | 1,803.9 |
|  |  |  |  |  |  |  |  |  |  |  | Assets |  |  |  |  |
|  |  | Buildings |  |  |  | Machinery |  | Aircraft and |  |  | under |  |  | Assets |  |  |
|  |  |  | and |  |  |  |  | and |  |  | aircraft |  |  | finance |  |  | under |  |  |
|  | Land |  | improvements |  | Simulators |  | equipment |  |  | engines |  |  | lease |  | construction |  |  | Total |
Cost |  | $ | 23.6 |  |  | $ | 375.4 |  |  | $ | 1,427.2 |  |  | $ | 218.9 |  |  | $ | 62.2 |  |  | $ | 291.5 |  |  | $ | 96.3 |  |  | $ | 2,495.1 |
Accumulated depreciation |  | — |  |  | (179.3 | ) |  | (414.5 | ) |  | (170.3 | ) |  | (7.0 | ) |  | (141.4 | ) |  | — |  |  | (912.5 | )
Net book value at March 31, 2017 |  | $ | 23.6 |  |  | $ | 196.1 |  |  | $ | 1,012.7 |  |  | $ | 48.6 |  |  | $ | 55.2 |  |  | $ | 150.1 |  |  | $ | 96.3 |  |  | $ | 1,582.6 |
Cost |  | $ | 23.9 |  |  | $ | 401.1 |  |  | $ | 1,683.9 |  |  | $ | 223.4 |  |  | $ | 64.4 |  |  | $ | 276.1 |  |  | $ | 164.4 |  |  | $ | 2,837.2 |
Accumulated depreciation |  | — |  |  | (198.3 | ) |  | (498.0 | ) |  | (173.1 | ) |  | (9.0 | ) |  | (154.9 | ) |  | — |  |  | (1,033.3 | )
Net book value at March 31, 2018 |  | $ | 23.9 |  |  | $ | 202.8 |  |  | $ | 1,185.9 |  |  | $ | 50.3 |  |  | $ | 55.4 |  |  | $ | 121.2 |  |  | $ | 164.4 |  |  | $ | 1,803.9 |
Disclosure of future minimum lease payments receivable under operating lease | The Company leases some of its property, plant and equipment to third parties, the future minimum lease payments receivable under these non-cancellable operating leases are as follows:
|  | 2018 |  |  | 2017 |
No later than 1 year |  | $ | 34.7 |  |  | $ | 19.3 |
Later than 1 year and no later than 5 years |  | 98.3 |  |  | 47.1 |
Later than 5 years |  | 20.5 |  |  | 22.9 |
|  | $ | 153.5 |  |  | $ | 89.3 |
The present value of future minimum lease payment receivables, included in the current and non-current receivables is as follows:
|  | 2018 |  |  | 2017 |
Gross investment in finance lease contracts |  | $ | 182.0 |  |  | $ | 185.0 |
Less: unearned finance income |  | 71.3 |  |  | 76.3 |
Less: discounted unguaranteed residual values of leased assets |  | 6.2 |  |  | 5.8 |
Present value of future minimum lease payment receivables |  | $ | 104.5 |  |  | $ | 102.9 |
Future minimum lease payments from investments in finance lease contracts to be received are as follows:
|  |  |  | 2018 |  |  |  |  |  | 2017 |
|  |  | Present value of |  |  |  | Present value of |
| Gross |  | future minimum |  |  | Gross |  | future minimum |
| Investment |  | lease payments |  |  | Investment |  | lease payments |
No later than 1 year |  | $ | 13.2 |  |  | $ | 10.7 |  |  | $ | 10.0 |  |  | $ | 7.9 |
Later than 1 year and no later than 5 years |  | 48.3 |  |  | 23.4 |  |  | 47.1 |  |  | 22.5 |
Later than 5 years |  | 120.5 |  |  | 70.4 |  |  | 127.9 |  |  | 72.5 |
|  | $ | 182.0 |  |  | $ | 104.5 |  |  | $ | 185.0 |  |  | $ | 102.9 |
Disclosure of recognised finance lease as asset by lessee | Assets under finance lease, by category, with lease terms ending between April 2018 and October 2036, are as follows:
|  | 2018 |  |  | 2017 |
Simulators |  |  |  |  |  |
Cost |  | $ | 207.9 |  |  | $ | 222.4 |
Accumulated depreciation |  | (127.9 | ) |  | (117.8 | )
Net book value |  | $ | 80.0 |  |  | $ | 104.6 |
Buildings |  |  |  |  |  |
Cost |  | $ | 68.2 |  |  | $ | 69.0 |
Accumulated depreciation |  | (27.0 | ) |  | (23.5 | )
Net book value |  | $ | 41.2 |  |  | $ | 45.5 |
Total net book value |  | $ | 121.2 |  |  | $ | 150.1 |

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- Definition The disclosure of detailed information about property, plant and equipment. [Refer: Property, plant and equipment] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2017-01-01 -Paragraph 73 -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=16&date=2017-03-01&anchor=para_73&doctype=Standard -URIDate 2017-03-09 + Details
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