CzeCh airlines - České aerolinie

Notes to the Consolidated Financial Statements
For the Year ended 31 December 2010
annual report 2010 | 110
At 31 December 2009:
Cost
1 January 2009
CZK’000
Consolidated the first time
CZK’000
Additions / transfers
CZK’000
Disposals / transfers
CZK’000
31 December 2009
CZK’000
Start-up costs 198 198
Software 643,098 2,572 134,237 (807) 779,100
Patents, licences 168 168
Intangible assets under
construction
160,721 75,173 (134,237) 101,657
803,819 2,770 209,578 (135,044) 881,123
Accumulated Amortization
1 January 2009
CZK’000
Consolidated the first time
CZK’000
Charge for the year
CZK’000
Disposals
CZK’000
31 December 2009
CZK’000
Start-up costs (182) (16) (198)
Software (388,102) (2,062) (94,784) 807 (484,141)
Patents, licences (9) (9)
(388,102) (2,244) (94,809) 807 (484,348)
(21,194) (159) 21,194 (159)
Net book value 394,523 367 396,616
The Group did not acquire any intangible fixed assets without consideration in either
2010 or 2009.
Intangible assets under construction at 31 December 2010 represent information
technology projects in progress (for example the Airlines system, Cargo SPOT software,
the AVES system development).
In 2009, the Group wrote off the intangible fixed assets under construction related
to an information technology project and the allowance in amount of CZK 21,194
thousand was released. The impact to profit or loss was CZK 0 thousand.
The Group anticipates that costs incurred in relation to projects in progress will
bring future economic benefits.
The Group creates allowance if the carrying value of an asset is greater than its
estimated recoverable value; the carrying value is then reduced by an allowance to
the recoverable value.