PROPERTY, PLANT AND EQUIPMENT



																				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

As at March 31, 2018, the average remaining amortization period for full-flight simulators is 10.6 years (2017 – 10.8 years).

As at March 31, 2018, bank borrowings are collateralized by property, plant and equipment for a value of $121.3 million (2017– $82.2 million).

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

As at March 31, 2018, the net book value of simulators leased out to third parties is $114.8 million (2017 – $56.5 million).

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