Announcing the changes of the lifespan of 14
B747-400F and 3 A330-300 aircrafts since 2022.
Date of events
2022/01/12
To which item it meets
paragraph 9
Statement
1.Date of board of directors resolution:2022/01/12
2.Nature of the change:Changes in accounting estimates.
3.Reason for the change:Due to the changes of fleet plan, since 2022/01/01,
the lifespan of 14 B747-400F and 3 A330-300 aircrafts will be changed.
The service life of B747-400F aircraft will be changed from 25 years to 24
years; the service life of A330-300 aircraft will be changed from 20 years
to 18 years.
4.Each line item affected and the projected effect for the accounting year
preceding the accounting year changed by retrospective application of the
accounting policy change:NA
5.The actual effect on the opening balance of retained earnings
for the last accounting year:NA
6.If the decided effect is impracticable, specify the reasons
why retrospective application is impracticable, and how and from
when the accounting policy change will be applied:NA
7.If the decided effect is impracticable, the opinion provided
by the CPA about the effect of the audit opinion for the
accounting year preceding the accounting change:NA
8.Opinion expressed by the CPA regarding itemized analysis of reasonableness:
This change has been strictly reviewed in rational analysis by Deloitte,
and no irrational fact is found.
9.Objection or reservation opinion from the independent directors:NA
10.Countermeasures:NA
11.Any other matters that need to be specified:This change has been approved
in the board of directors meeting on 2022/01/12, and will also be reported
in the most recent shareholder meeting.
Attachments
Original Link
Original Document
Permalink
Disclaimer
China Airlines Ltd. published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 14:05:08 UTC.
China Airlines Ltd is a Taiwan-based company mainly engaged in air transportation services. The Company mainly provides three services. Passenger transportation services provide international passenger transportation and regular and irregular charter flights. Freight service provides international cargo and express, mail, and parcel delivery. In-flight sales services provide passengers with the purchase of duty-free goods on board. The Company also provides ground handling services, the sales of in-flight commodities, warehouse and logistics services, the repair and maintenance services of aircraft, sightseeing services and the training of staff of civil aviation, among others. The Company operates businesses globally.
CHINA AIRLINES, LTD. 
