PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Mar. 31, 2023

The estimated useful lives, residual values and depreciation methods are as follows:


	Method	Depreciation rate/period
Buildings and improvements	Declining balance/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 15 years
Aircraft	Straight-line (residual not exceeding 15%)	Not exceeding 25 years
Aircraft engines	Based on utilization	Not exceeding 3500 hours


					Machinery					Assets
	Buildings					and				under
(amounts in millions)		and land	Simulators		equipment			Aircraft	construction			Total
Net book value as at March 31, 2021	$	282.1	$	1,423.1	$	48.3	$	76.1	$	139.8	$	1,969.4
Additions		29.4		14.5		15.5		1.6		211.2		272.2


Business combinations (Note 2)		52.1		18.7		21.5		2.1		2.1		96.5
Disposals		(2.2)		(0.4)		(0.1)		(1.1)		—		(3.8)
Depreciation		(21.4)		(101.1)		(19.3)		(5.2)		—		(147.0)
Impairment		(13.8)		(10.5)		—		—		—		(24.3)
Purchase of assets under lease (Note 14)		—		21.7		—		—		—		21.7
Transfers and others		1.1		97.6		1.1		(1.0)		(95.5)		3.3
Foreign currency exchange differences		(7.2)		(48.5)		(0.8)		(1.0)		(1.2)		(58.7)


Net book value as at March 31, 2022	$	320.1	$	1,415.1	$	66.2	$	71.5	$	256.4	$	2,129.3
Additions		34.6		20.1		16.7		0.2		197.2		268.8


Disposals		(3.6)		(3.2)		(0.1)		(0.6)		—		(7.5)
Depreciation		(23.3)		(113.2)		(21.2)		(5.4)		—		(163.1)
(Impairment) reversal – net		—		2.1		(0.1)		(0.3)		—		1.7
Purchase of assets under lease (Note 14)		—		34.6		—		—		—		34.6
Transfers and others		27.6		208.8		(5.5)		6.0		(231.5)		5.4
Foreign currency exchange differences		13.7		88.6		3.1		5.1		7.4		117.9
Net book value as at March 31, 2023	$	369.1	$	1,652.9	$	59.1	$	76.5	$	229.5	$	2,387.1


					Machinery					Assets
	Buildings					and				under
(amounts in millions)		and land	Simulators		equipment			Aircraft	construction			Total
Cost	$	561.9	$	2,180.7	$	209.2	$	89.4	$	256.4	$	3,297.6
Accumulated depreciation and impairment		(241.8)		(765.6)		(143.0)		(17.9)		—		(1,168.3)


Net book value as at March 31, 2022	$	320.1	$	1,415.1	$	66.2	$	71.5	$	256.4	$	2,129.3
Cost	$	623.9	$	2,558.1	$	208.9	$	103.1	$	229.5	$	3,723.5
Accumulated depreciation and impairment		(254.8)		(905.2)		(149.8)		(26.6)		—		(1,336.4)
Net book value as at March 31, 2023	$	369.1	$	1,652.9	$	59.1	$	76.5	$	229.5	$	2,387.1