Transcription of Airline Disclosure Guide - IATA
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In association withAirline Disclosure GuideAircraft acquisition cost and depreciationPurpose of Airline Disclosure GuidesThese Airline Disclosure Guides (ADGs) have been compiled by the IATA Industry Accounting Working Group (IAWG), which consists of senior finance representatives from IATA member airlines. This working group s mandate is to promote consistency in the application of International Financial Reporting Standards (IFRS) and to lobby accounting standard setters to take into consideration the interests of airlines globally. The ADGs cover the latest accounting practices, principally from airlines reporting under IFRS related frameworks, to highlight key issues, judgements and disclosures made by airlines.
prices made as part of the purchase agreement. The purchase price. ... allocation of general indebtedness, for aircraft acquisition payments up to the point at which the aircraft asset is substantially complete. Due to the nature of pre-delivery payments, capitalisation of these costs is common industry ...
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