Download (PDF, 733 kb) - Kabel Deutschland

Kabel Deutschland GmbH
Notes to the consolidated financial statements
will amount to T€ 8,248 within one year, T€ 81 after one year but no more than five years and
T€ 0 after five years. This is primarily due to the fact that the non-cancellable term for most of
these operating leases is 12 months.
35
Finance Lease
As of March 31, 2010, the Group leased thirteen transponders under finance leases
from DTAG and Astra through 2012. As of March 31, 2010, March 31, 2009 and March 31,
2008, the net carrying amount of the capitalized transponders totaled T€ 16,619, T€ 24,878 and
T€ 33,136, respectively. During the fiscal years ended March 31, 2010, March 31, 2009 and
March 31, 2008, the Group recorded depreciation expense of T€ 8,259, T€ 8,259 and T€ 7,759,
respectively. The Group also recorded interest expense related to these finance leases of
T€ 1,808, T€ 2,437 and T€ 2,853 for the fiscal years ended March 31, 2010, March 31, 2009
and March 31, 2008, and paid T€ 8,836, T€ 8,228 and T€ 7,197, to reduce the financial liability,
respectively.
Additionally, incidental expenses related to those transponder leases in the amount of
T€ 2,330 (prior year: T€ 2,330, fiscal year ended March 31, 2008: T€ 2,330) have been
expensed in the fiscal year ended March 31, 2010.
There is an option to extend the contract duration related to the lease of certain
transponders by another five year period by mutual agreement of the parties, which must be
reached at least six months before the expiry of the first five year period.
Future minimum lease payments under finance leases together with the present value
of the net minimum lease payments are as follows:
2010 2009 2008
Minimum Present Minimum Present Minimum Present
lease value of lease value of lease value of
payments payments payments payments payments payments
T€ T€ T€ T€ T€ T€
Within one year 10,665 9,535 10,665 8,858 10,645 8,228
After one year but not
more than five years 10,851 10,443 21,517 19,978 32,113 28,836
Total minimum lease
payments 21,516 19,978 32,182 28,836 42,758 37,064
Less amounts representing
finance charges 1,538 3,346 5,694
Present value of minimum
lease payments 19,978 28,836 37,064
For further information relating to property and equipment, reference is made to the
fixed asset registers in Appendix 1, Appendix 2 and Appendix 3.
3.8 Equity Investments in Associates