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Schedule B-2-Notes to Balance Sheet
(a) This schedule shall be filed by all route air carriers.
(b) All substantive matters which may influence materially interpretations or conclusions in regard to the financial condition of the air carrier which a not clearly identified in the body of the balance sheet shall be completely and clearly stated in this schedule and crossreferenced to the affected balance sheet account.
(c) The amounts and estimated delivery dates of ary purchase commitments of material size and not of a recurrent routine character shall be explained on this schedule. In the case of commitments involving flight equipment, the amount for each equipment type may be given in total, including any engines, airframes and spares; but the number of airframes and the number of engines by type shall be given, as well as the estimated delivery date for each complete aircraft. Reports on commitments other than for flight equipment are required only in the December 31 report of each calendar year.
(d) The balances in subaccounts of balance sheet account 2390 Other ferred Credits titled "Investment Tax Credits Available” and “Unrealized Investment Tax Credits" shall be set forth in this schedule as at the end of each calendar quarter.
(e) This schedule shall reflect at the end of each calendar quarter the amount reported in balance sheet account 1550 Special Funds-Other representing funds segregated, or on deposit with manufacturers, for the purchase of equipment, including any capitalized interest thereon. (See section 2-10 Capitalization of Interest.)
(f) The conversion from the cost method to the equity method of carrying investments in subsidiary companies shall be explained on this schedule and cross-referenced to Schedule P-2-Notes to Income Statement. Any change in the basis of accounting for investments in subsidiary and other associated companies (e.g., change from associated to subsidiary company or vice versa) shall be noted here and reported as required by section 22(d).
(g) Amounts of adjustments resulting from the physical verification of passenger revenue accounting practices required by section 2-17 shall be reported herein
for the quarter in which the adjustment takes place. Schedule B-3-Paid-in Capital; Self
Insurance Reserves and Appropriations of Retained Earnings; Deferred Income Taxes
(a) This schedule shall be filed by all route air carriers.
(b) Each class and series of the air carrier's capital stock, as at the end of each calendar quarter, shall be listed and the indicated information entered within the "Paid-In Capital" section of this schedule.
(c) All transactions and amounts affecting paid-in capital during the current quarter shall be fully explained for each class and series of capital stock to which related. Total paid-in capital and total treasury stock reported on this schedule as at the end of each calendar quarter shall agree with corresponding amounts reported on schedule B-1 Balance Sheet.
(d) Individual proprietors or partners shall reflect the name of the proprietor or each partner at the head of the columns captioned "Class of Stock" and the balance of contributions to the business entity by the proprietor or each partner on line 11 Total Paid-In Capital.
(e) All credits and debits to selfinsurance reserves and appropriations of retained earnings, respectively, shall be identified and explained in the “SelfInsurance and Appropriations of Retained Earnings" section of this schedule. The balances of accounts 2350 Reserve for Self-Insurance and 2930 Appropriations of Retained Earnings as at the end of each calendar quarter shall agree with corresponding amounts reported on schedule B-1-Balance Sheet.
(f) Column 1 of the “Deferred Income Tax" section of this schedule shall identify the source of each type of tax deferral; for example, depreciation under $ 167 of the Internal Revenue Code, or deferred training costs. The amounts reflected in column 2 shall agree with amounts reflected in column 6 for the same sources at the close of the preceding quarter. The amounts reflected in column 6 shall, in aggregate, agree with amounts reported on schedule B-1 at the close of the current quarter for deferred income taxes. Columns 3, 4, and 5, respectively, shall reflect gross provisions, gross applications and adjustments of
deferred income taxes during the current quarter for each tax source reflected in column 1. Adjustments reflected in column 5 shall be fully explained on schedule P-4 and cross-referenced thereto on this schedule. Schedule B-4-Reserve for Uncollectible
Accounts; Accounts With Subsidiaries, Other Associated Companies and Nontransport Divisions
(a) This schedule shall be filed by all route air carriers.
(b) Each reserve for uncollectible accounts shall be separately identified in the indicated section of this schedule. Columns 1 and 2 shall reflect the account number and the description of the asset against which each reserve is provided. The balance of each reserve as at the end of each quarter shall agree with corresponding amounts reported schedule B-1-Balance Sheet.
(c) In the “Accounts With Subsidiaries, Other Associated Companies and Nontransport Divisions" section of this schedule, Column 1 shall list the name of each associated company and describe each nontransport division. Associated companies shall be separately grouped and subtotaled according to those in which the air carrier holds in excess of 50 percent of the voting capital stock and those in which the air carrier holds 50 percent or less of the voting capital stock. The respective groups shall be captioned “Subsidiaries" and "Other Associated Companies.”
(d) Column 4 "Investments at Cost" shall reflect the cost to the air carrier at date of acquisition of investments in associated companies. The cost of investments in subsidiary companies, plus the equity in undistributed earnings or losses since acquisition reflected in column 5, "Equity in Undistributed Earnings," shall agree in aggregate with the corresponding amounts in balance sheet subaccount 1510.1 Investments in Subsidiary Companies. The cost of investments in other associated companies shall agree with the corresponding amounts in balance sheet subaccount 1510.2 Investments in Other Associated Companies.
(e) Column 5 "Equity in Undistributed Earnings" shall reflect the equity in undistributed earnings or losses of subsidiary companies since acquisition.
Schedule B-5-Property and Equipment
(a) This schedule shall be filed by all route air carriers.
(b) A complete report shall be made on this schedule for the overall or system operations conducted by the air carrier.
(c) Column 3, "Additions" shall reflect the book cost of property and equipment acquired and the cost of improvements, betterments or other additions to each class of property and equipment during the current quarter.
(d) Column 4, “Retirements” shall reflect the book cost of each class of property and equipment retired during the current quarter. The amounts in this column shall agree by accounts with the amounts shown in column 7 of schedule B-S-Property and Equipment Retired.
(e) Column 5, "Transfers between Property Accounts” shall reflect the book cost of property and equipment reclassified between property and equipment accounts during the current quarter. Credit transfers from an account shall be indicated by an asterisk (*).
(f) Column 6, “Transfers between Other Accounts" shall reflect the cost of assets reclassified as between property and equipment and other balance sheet accounts during the current quarter and identification of the contra accounts affected by the transfer. Credit transfers shall be indicated by an asterisk (*). The cost of property and equipment and the related balances in reserves for depreciation and airworthiness at the end of each quarter shall agree with corresponding amounts reported on schedule B-1–Balance Sheet. Schedule B-7-Airframes and Aircraft
Engines Acquired (a) This schedule shall be filed by all route air carriers except local service air carriers.
(b) The indicated data shall be reported for each individual airframe, identified by type, model, and design of cabin as to use for passengers exclusively, cargo exclusively, or both passengers and cargo in combination. Data pertaining to aircraft engines shall be reported in aggregate for each type or model. Airframe units leased from others for a period of more than 90 days shall be reported in a separate subsection of this schedule. In addition, a notation shall be made by license num
ber of airframe units of the air carrier be reported. When the seating configreturned after lease to others for a uration of airframes is modified subseperiod of more than 90 days. Airframe quent to original acquisition, the revised units obtained through interchange passenger capacity of each airframe lease arrangements shall not be so shall be reported in the quarter in which reported.
modified and referenced to identify (c) All dates shall indicate the day, original capacity reported. the month and the year; shall be pro (i) Column 11, “Cost” shall agree in vided on a unit basis for airframes only; totals for airframes and aircraft enand, shall be reported for each aircraft gines, respectively, with the correspondengine group by date of transaction. ing cost of additions reported in sched
(d) Report shall be made in the quar ule B-5, column 3, “Additions". ter in which each airframe and each (j) Columns 12 and 15, “Reserve for group of aircraft engines is actually ac Depreciation” and “Flight Equipment quired irrespective of whether the cost Airworthiness Reserves”, respectively, thereof is reflected in the property and shall include the amount of such reequipment accounts during the current serves applicable to property and equipquarter or a subsequent quarter. If the ment transferred from nontransport cost data are not reflected in the cur divisions. rent quarter a footnote to that effect
Schedule B-7(a)-Reinvestment of shall accompany the report of acquisi
Flight Equipment Capital Gains tion. The costs shall be reported during the quarter in which determined and (a) This schedule shall be filed by the equipment to which related shall be each carrier which desires to establish listed again in this schedule, with com that it is entitled to the benefit of Secplete information, and shall be identified tion 406(d) of the Act and which has as being the same equipment reported filed schedule B-8(a) notifying the at the earlier date.
Board that it has reinvested the capital (e) Column 2. “Date Placed in Trans gains reported thereon in flight equipport Service" shall relate to airframes ment and/or used the capital gains in only and shall be the date on which each retirement of debt contracted for the airframe was or will be placed in regular purchase
construction of flight service by the reporting entity. If this equipment. date is not known at the time of sub (b) Column 1 “Description of Flight mission of the report an estimated date Equipment Acquired and Debt Retired" bearing the notation "estimate” shall be shall identify the specific items of flight provided with the exact date shown by equipment acquired, the applicable acfootnote on a subsequent schedule B-7 count number, and the particular issue in which the airframe is reidentified by of debt being retired including a delicense number, type of aircraft and date scription of the flight equipment for acquired.
which such debt was contracted, the (f) Column 8, “Maximum Continuous type of obligation, date of maturity, inHorsepower" shall reflect the maximum terest rate, commitment fees, and, if continuous horsepower rating of each applicable, name of creditor. type of aircraft engine acquired. (See (c) Column 2 “Date of Application of section 03 for definition as applied in Gain" shall include the day, month and this system of accounts and reports.) year on which the gain was applied to (g) Column 9, “Aircraft Engines per
each item of fight equipment or to Airframe" shall reflect the number of liquidation of debt. aircraft engines for which each acquired (d) Column 3 "Cost” shall include the airframe is designed.
total amount of cash or its equivalent (h) Column 10, “Maximum Seat Ca actually paid to acquire each item of pacity" shall reflect the number of pas equipment or to liquidate debt incurred senger seats installed in each airframe in the purchase or construction of flight acquired. When the configuration of equipment. airframes provides sleeping accommoda (e) Column 5 "Source of Gains" shall tions the passenger capacity shall be identify the gain, reported on schedule shown in terms of a sleeper version and B-8(a), which has been reinvested. a non-sleeper version. When airframes (f) This schedule shall include a separe designed for multiple adjustable arate memorandum summary of the reseating configurations, the maximum equipment funds in account 1550 Special number of seats for which designed shall Funds-Other, under benefit of section
406(d) of the Act. The summary shall accompany the report of acquisition. list the date of sale or other disposition The costs shall be reported during the from which the gain was derived and quarter in which determined, and the the related balance remaining in ac equipment to which related shall be count 1550.
listed again in this schedule with comSchedule B-7(b)--Flight Equipment
plete information and shall be identified Acquired
as being the same equipment reported
at the earlier date. (a) This schedule shall be filed by (e) Column 2, “Date Placed in Transeach local service air carrier.
port Service," shall relate to airframes (b) The indicated data shall be re only and shall be the date on which each ported for each individual airframe, airframe was or will be placed in reguidentified by type, model, and design of lar service by the reporting entity. If cabin as to use for passengers exclusively, this date is not known at the time of subcargo exclusively, or both passengers and mission of the report, an estimated date cargo in combination. Data pertaining bearing the notation "estimate" shall be to aircraft engines shall be reported in provided with the exact date shown by aggregate for each type or model. Data footnote on a subsequent schedule B-7 pertaining to propellers, aircraft naviga (b) in which the airframe is reidentified tion and communication equipment, mis by license number, type of aircraft and cellaneous flight equipment, and flight date acquired. equipment rotable parts and assemblies (f) Column 8, "Maximum Continuous shall be reported in aggregate for each Horsepower/Pounds Thrust" shall resuch property classification. Where the flect, as appropriate, the maximum conacquisition of various units of flight tinuous horsepower rating or pounds of equipment is priced as a single transac maximum continuous static thrust for tion, the cost shall be apportioned to each type of aircraft engine acquired. each classification and, within the air. (See section 03 for definition as applied frame and engine classifications, to each in this system of accounts and reports.) airframe, and each type or model of (g) Column 9, “Aircraft Engines per engine, respectively, with explanation in Airframe" shall reflect the number of footnote. A separate subsection shall aircraft engines for which each acquired show, for each type of airframe acquired, airframe is designed. the average value of items of naviga (h) Column 10, “Maximum Seat Cation and communication equipment and pacity” shall reflect the number of pasmiscellaneous flight equipment required senger seats installed in each airframe for installation in ordinary operation, acquired. When the configuration of Airframe units leased from others for airframes provides sleeping accommodamore than 90 days shall be reported in tions, the passenger capacity shall be an additional subsection. Also, a nota shown in terms of a sleeper version and tion shall be made by license number for a non-sleeper version. When airframes airframe units of the air carrier re are designed for multiple adjustable seatturned after lease to others for more ing configurations, the maximum numthan 90 days. Airframe units obtained ber of seats for which designed shall through interchange lease arrangements be reported. When the seating configushall not be so reported.
ration of airframes is modified subse(c) Dates for acquisition of individual quent to original acquisition, the revised airframes and groups of aircraft engines passenger capacity of each airframe shall shall indicate the day, month and year. be reported in the quarter in which modDates for all other flight equipment shall
ified and referenced to identify original indicate the month and year of acquisi capacity reported. tion. The number of aircraft engines
(i) Column 11, “Cost" shall agree in and propellers acquired shall be indicated totals for each property classification in column 5 "Number of Units Acquired.” with the corresponding cost of additions
(d) Report shall be made in the quar reported in schedule B-5 column 3, ter in which flight equipment is actually
"Additions." acquired irrespective of whether the cost (j) Column 12, "Estimated Value of thereof is reflected in the property and Overhaul Acquired" shall reflect the equipment accounts during the current value of the remaining unexpired overquarter or a subsequent quarter. If the haul hours with respect to each airframe cost data are not reflected in the current or aircraft engine, before relicensing is quarter, a footnote to that effect shall required, at the date of acquisition.
(k) Column 13, "Estimated Cost of under interchange arrangements shall Full Overhaul” shall reflect the entire not be so reported. cost of overhaul for each airframe and (c) Retirements shall be listed in the aircraft engine on either a periodic or numerical sequence of the property and phase overhaul basis. In the latter case, equipment account to which related. this column shall include the cost of all (d) All dates shall include the day, the operations which would encompass a full month and the year of each transaction. overhaul. (See sec. 5-4(f) for definition (e) Column 7, "Cost" shall agree in of “overhaul".)
totals for each account with the cor(1) Column 14, “Reserve for Deprecia responding cost of property and equiption” shall include the amount of such ment retired and as reported in schedule reserve applicable to property and B-5, column 4, “Retirements". equipment transferred from nontrans (f) Column 10, “Realization" shall report divisions.
flect the proceeds from disposition, in(m) Column 15, “Estimated Residual cluding any insurance proceeds
or Value” shall reflect in dollars the residual amounts covered by a self-insurance value assigned to the equipment acquired reserve established in accordance with exclusive of any amount reported in col section 2–13(c). umns 12 and 13.
(g) Column 12, “Gain or Loss" shall, (n) Column 16, “Estimated Depreci in aggregate for retirements of all propable Life (mos.)” shall reflect the esti erty and equipment together with gain mated depreciable life of each airframe or loss on sale of securities, agree with and each group of aircraft engines in amounts reflected by the air carrier on months (e.g., 144).
schedule P-3 in profit and loss subacNOTE: The reporting requirements con
counts 81.1 Capital Gains and Losses tained herein have been approved by the Operating Property and 81.2 Capital Bureau of the Budget in accordance with Gains and Losses-Other. the Federal Reports Act of 1942.
(h) Column 13, “Disposition", shall Schedule B-8_Property and Equipment
reflect the name of the person or orRetired
ganization to which airframes and air
craft engines are sold or a notation as (a) This schedule shall be filed by all to the nature of the retirement and the route air carriers.
account to which any depreciated cost (b) The indicated data shall be re has been charged if not sold. Items inported for the sale or retirement of each cluded in accounts 1603 through 1608, airframe, each type of aircraft engine and 1703 through 1708, sold as a part (stating the number of units retired) of airframe or aircraft engine sales and, to the extent retired along with transactions, shall also be identified by airframes and engines, in aggregates by the name of the buyer. Other sales of accounts, for operating property and items included in these accounts shall equipment included in accounts 1603 be reported in a separate group in agthrough 1608 and nonoperating property gregate for each property account at. and equipment included in accounts 1703 fected, while all ground property disthrough 1708. Disposition of properties positions shall be reported in a single in accounts 1603 through 1608 and 1703
aggregate and need not be identified by through 1708 not related to airframe and names of the buyers. aircraft engine retirements shall be reported in a separate group for each ac
Schedule B-8(a)-Flight Equipment count.
Capital Gains Invested or Deposited Ground property and equipment
for Reinvestment in Flight Equipment disposed of shall be reported in aggregate for all accounts, with subdivisions be
(a) This schedule shall be filed by tween operating and nonoperating prop
each carrier which desires to establish erty and equipment.
that it is entitled to the benefits of SecAirframe units
tion 406(d) of the Act and which has leased from others for a period of more
reinvested or intends to reinvest gains than 90 days shall be reported, upon re
derived from the sale or other dispositurn to the lessor, in a separate subsec
tion of flight equipment pursuant to Part tion of this schedule. In addition &
235 of the Economic Regulations. notation shall be made by license number (b) Column 1, "Description of Flight and name of lessee of airframe units Equipment Retired” shall identify the leased to others ior a period of more various items of flight equipment retired than 90 days. Airframe units leased including the applicable account number.