| PROPERTY, PLANT AND EQUIPMENT |
PROPERTY, PLANT AND EQUIPMENT | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Machinery | | | | | Assets | | | | | | Buildings | | | | and | | | | | | under | | | (amounts in millions) | | | | and land | Simulators | equipment | | Aircraft | | | construction | | Total | | Net book value as at March 31, 2024 | | | $ | 387.0 | | $ | 1,727.8 | | $ | 61.6 | | $ | 79.6 | | | | $ | 259.6 | | $ | 2,515.6 | | | Additions | | | | 18.8 | | | 4.7 | | | 9.9 | | | 17.5 | | | | | 305.3 | | | 356.2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Business combinations (Note 2) | | | | 72.1 | | | 22.4 | | | 4.3 | | | — | | | | | 36.7 | | | 135.5 | | | Disposals | | | | (0.2) | | | — | | | (0.2) | | | (12.1) | | | | | (0.1) | | | (12.6) | | | | | | | | | | | | | | | | | | | | Depreciation | | | | (30.1) | | | (148.2) | | | (20.2) | | | (6.3) | | | | | — | | | (204.8) | | | Impairment | | | | (0.8) | | | (0.4) | | | (0.2) | | | (0.8) | | | | | — | | | (2.2) | | Purchase of assets under lease (Note 15) | | | | — | | | — | | | — | | | 9.1 | | | | | — | | | 9.1 | | | Transfers and others | | | | 52.9 | | | 262.6 | | | 6.6 | | | (3.8) | | | | | (294.4) | | | 23.9 | | | Foreign currency exchange differences | | | | 23.7 | | | 128.2 | | | 2.4 | | | 5.1 | | | | | 9.4 | | | 168.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net book value as at March 31, 2025 | | | $ | 523.4 | | $ | 1,997.1 | | $ | 64.2 | | $ | 88.3 | | | | $ | 316.5 | | $ | 2,989.5 | | | Additions | | | | 19.2 | | | 22.0 | | | 12.9 | | | 13.8 | | | | | 219.9 | | | 287.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Disposals | | | | — | | | (0.2) | | | (1.5) | | | (4.9) | | | | | — | | | (6.6) | | | | | | | | | | | | | | | | | | | | Depreciation | | | | (34.4) | | | (157.6) | | | (19.3) | | | (8.7) | | | | | — | | | (220.0) | | | Impairment | | | | — | | | (9.3) | | | — | | | — | | | | | — | | | (9.3) | | | | | | | | | | | | | | | | | | | | Transfers and others | | | | 7.4 | | | 173.4 | | | 14.2 | | | 11.4 | | | | | (228.1) | | | (21.7) | | | Foreign currency exchange differences | | | | (7.6) | | | (10.6) | | | (0.1) | | | (1.9) | | | | | (6.5) | | | (26.7) | | | Net book value as at March 31, 2026 | | | $ | 508.0 | | $ | 2,014.8 | | $ | 70.4 | | $ | 98.0 | | | | $ | 301.8 | | $ | 2,993.0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Machinery | | | | | Assets | | | | | | | Buildings | | | | and | | | | | | under | | | (amounts in millions) | | | | and land | Simulators | equipment | | Aircraft | | | construction | | Total | | Cost | | | $ | 842.5 | | $ | 3,158.7 | | $ | 241.6 | | $ | 129.4 | | | | $ | 316.5 | | $ | 4,688.7 | | | Accumulated depreciation and impairment | | | | (319.1) | | | (1,161.6) | | | (177.4) | | | (41.1) | | | | | — | | | (1,699.2) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net book value as at March 31, 2025 | | | $ | 523.4 | | $ | 1,997.1 | | $ | 64.2 | | $ | 88.3 | | | | $ | 316.5 | | $ | 2,989.5 | | | Cost | | | $ | 858.7 | | $ | 3,244.7 | | $ | 261.1 | | $ | 142.1 | | | | $ | 301.8 | | $ | 4,808.4 | | | Accumulated depreciation and impairment | | | | (350.7) | | | (1,229.9) | | | (190.7) | | | (44.1) | | | | | — | | | (1,815.4) | | | Net book value as at March 31, 2026 | | | $ | 508.0 | | $ | 2,014.8 | | $ | 70.4 | | $ | 98.0 | | | | $ | 301.8 | | $ | 2,993.0 | |
During the year ended March 31, 2026, depreciation of $219.0 million (2025 – $204.0 million) has been recorded in cost of sales and $1.0 million (2025 – $0.8 million) in selling, general and administrative expenses.
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