| Finance income and cost |
23. Finance income and cost
An analysis of finance income is as follows.
| Schedule of finance income | |
| | |
| | | |
| | |
| | | |
| | |
| | |
| | |
2025 | |
2024 | |
2023 |
| Interest on cash and equivalents | |
| US$ | |
| 34,312 | | |
| US$ | |
| 39,941 | | |
| US$ | |
| 32,461 | |
| Interest on recovery of guarantee deposits | |
| | |
| 12,747 | | |
| | |
| 8,079 | | |
| | |
| 4,611 | |
| Interest on cash and equivalents held in the trust CIB/3249 | |
| | |
| 782 | | |
| | |
| 1,424 | | |
| | |
| 1,150 | |
| Total finance income | |
| US$ | |
| 47,841 | | |
| US$ | |
| 49,444 | | |
| US$ | |
| 38,222 | |
An analysis of finance cost is as follows:
| Schedule of finance cost | |
| | |
| | | |
| | |
| | | |
| | |
| | |
| | |
2025 | |
2024 | |
2023 |
| Interest expense on lease liabilities and aircraft and engine lease return obligation (Note 14) | |
| US$ | |
| 266,008 | | |
| US$ | |
| 250,530 | | |
| US$ | |
| 191,967 | |
| Interest on debts and borrowings (1) | |
| | |
| 25,610 | | |
| | |
| 14,125 | | |
| | |
| 2,851 | |
| Interest on asset backed trust notes | |
| | |
| 12,676 | | |
| | |
| 19,496 | | |
| | |
| 16,969 | |
| Cost of letter credit notes | |
| | |
| 7,482 | | |
| | |
| 6,744 | | |
| | |
| 5,477 | |
| Other finance costs | |
| | |
| 1,276 | | |
| | |
| 1,497 | | |
| | |
| 1,153 | |
| Derivative financial instruments loss (Note 4) | |
| | |
| 724 | | |
| | |
| 896 | | |
| | |
| 579 | |
| Bank fees and others | |
| | |
| 363 | | |
| | |
| 351 | | |
| | |
| 347 | |
| Total finance costs | |
| US$ | |
| 314,139 | | |
| US$ | |
| 293,639 | | |
| US$ | |
| 219,343 | |
| (1) | | The borrowing costs related to the construction of qualifying
assets are capitalized as part of the cost of the asset (Note 12). Interest expense not capitalized is related to the short-term working
capital facility. |
| Schedule of capitalized interest | |
| | |
| | | |
| | |
| | | |
| | |
| | |
| | |
2025 | |
2024 | |
2023 |
| Interest on debts and borrowings | |
| US$ | |
| 47,897 | | |
| US$ | |
| 49,232 | | |
| US$ | |
| 24,752 | |
| Capitalized interest (Note 12) | |
| | |
| (22,287 | ) | |
| | |
| (35,107 | ) | |
| | |
| (21,901 | ) |
| Net interest on debts and borrowing in the consolidated statements of operations | |
| US$ | |
| 25,610 | | |
| US$ | |
| 14,125 | | |
| US$ | |
| 2,851 | |
|