LEASES (Tables)

12 Months Ended

Mar. 31, 2023



					Machinery
	Buildings					and
	and land		Simulators		equipment			Aircraft	Total











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
Business combinations (Note 2)		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 12)		—		(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
Additions and remeasurements		120.9		7.3		—		—		128.2

Depreciation		(36.6)		(9.9)		(2.8)		(0.8)		(50.1)

Purchase of assets under lease (Note 12)		—		(34.6)		—		—		(34.6)
Transfers and others		(6.1)		(2.3)		(0.3)		—		(8.7)
Foreign currency exchange differences		13.2		5.9		—		—		19.1
Net book value as at March 31, 2023	$	346.7	$	56.9	$	12.4	$	10.9	$	426.9

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


		2023		2022
Less than 1 year	$	33.0	$	36.3
Between 1 and 2 years		32.6		24.1
Between 2 and 3 years		30.0		23.3
Between 3 and 4 years		21.7		21.0
Between 4 and 5 years		16.5		13.6
More than 5 years		13.8		26.8
Total undiscounted lease payments receivable	$	147.6	$	145.1

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


		2023		2022
Less than 1 year	$	16.6	$	24.9
Between 1 and 2 years		14.6		12.0
Between 2 and 3 years		15.1		12.9
Between 3 and 4 years		16.3		11.1
Between 4 and 5 years		13.6		11.8
More than 5 years		128.2		114.5
Total undiscounted lease payments receivable	$	204.4	$	187.2
Unearned finance income		(68.0)		(59.1)
Discounted unguaranteed residual values of leased assets		(10.7)		(9.4)
Total investment in finance leases	$	125.7	$	118.7
Current portion (Note 9)		13.5		21.6
Non-current portion (Note 15)	$	112.2	$	97.1