|
|
 | | | |
- close
- close
- close
- close
These excerpts taken from the AYR 10-K filed Mar 2, 2009. Capitalization
of Interest
We capitalize interest related to progress payments made in
respect of flight equipment on forward order and add such amount
to prepayments on flight equipment. We also capitalize interest
related to flight equipment that is in a freighter conversion
program and add such amount to the book value of the flight
equipment. The amount of interest capitalized is the actual
interest costs incurred on funding specific assets or the amount
of interest costs which could have been avoided in the absence
of such payments for the related assets.
Capitalization of Interest We capitalize interest related to progress payments made in respect of flight equipment on forward order and add such amount to prepayments on flight equipment. We also capitalize interest related to flight equipment that is in a freighter conversion program and add such amount to the book value of the flight equipment. The amount of interest capitalized is the actual interest costs incurred on funding specific assets or the amount of interest costs which could have been avoided in the absence of such payments for the related assets. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for AYR: |
| |||||||
