LEASES (Tables)

12 Months Ended

Mar. 31, 2022



					Machinery
	Buildings					and
	and land		Simulators		equipment			Aircraft	Total











Net book value as at March 31, 2020	$	251.9	$	138.8	$	5.0	$	0.2	$	395.9
Additions and remeasurements		(2.3)		0.1		16.1		13.0		26.9
Additions – business combinations (Note 3)		13.1		49.5		—		—		62.6
Depreciation		(29.0)		(17.2)		(3.4)		(0.5)		(50.1)
Impairment		(9.2)		—		—		—		(9.2)
Purchase of assets under lease (Note 13)		—		(96.5)		—		—		(96.5)
Transfers and others		1.1		(0.6)		0.4		(0.2)		0.7
Foreign currency exchange differences		(13.6)		(8.2)		—		—		(21.8)
Net book value as at March 31, 2021	$	212.0	$	65.9	$	18.1	$	12.5	$	308.5
Additions and remeasurements		59.4		60.0		0.2		—		119.6
Additions – business combinations (Note 3)		32.7		—		—		—		32.7
Depreciation		(31.2)		(13.8)		(2.6)		(0.8)		(48.4)
Impairment		(8.1)		—		—		—		(8.1)
Purchase of assets under lease (Note 13)		—		(21.7)		—		—		(21.7)
Transfers and others		(3.3)		0.5		(0.2)		—		(3.0)
Foreign currency exchange differences		(6.2)		(0.4)		—		—		(6.6)
Net book value as at March 31, 2022	$	255.3	$	90.5	$	15.5	$	11.7	$	373.0

Undiscounted lease payments to be received under operating leases are as follows:


		2022		2021
Less than 1 year	$	36.3	$	28.6
Between 1 and 2 years		24.1		24.1
Between 2 and 3 years		23.3		20.6
Between 3 and 4 years		21.0		20.2
Between 4 and 5 years		13.6		17.9
More than 5 years		26.8		28.9
Total undiscounted lease payments receivable	$	145.1	$	140.3

Undiscounted lease payments to be received under finance leases are as follows:


		2022		2021
Less than 1 year	$	24.9	$	17.2
Between 1 and 2 years		12.0		17.2
Between 2 and 3 years		12.9		20.6
Between 3 and 4 years		11.1		10.6
Between 4 and 5 years		11.8		12.4
More than 5 years		114.5		124.8
Total undiscounted lease payments receivable	$	187.2	$	202.8
Unearned finance income		(59.1)		(65.2)
Discounted unguaranteed residual values of leased assets		(9.4)		(9.1)
Total investment in finance leases	$	118.7	$	128.5
Current portion (Note 10)		21.6		13.6
Non-current portion (Note 16)	$	97.1	$	114.9