CzeCh airlines - Äeské aerolinie
CzeCh airlines - Äeské aerolinie
CzeCh airlines - Äeské aerolinie
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Notes to the Consolidated Financial Statements<br />
For the Year ended 31 December 2010<br />
annual report 2010 | 116<br />
Finance Leases<br />
The Group uses assets under finance lease contracts that are not recorded as tangible<br />
fixed assets in the financial statements until the expiration of the lease.<br />
Twelve aircraft are held under finance lease contracts as at 31 December 2010<br />
(as at 31 December 2009: 19 aircraft):<br />
Aircraft<br />
Currency<br />
Expire<br />
date<br />
Total lease<br />
payments<br />
Total<br />
amounts paid at<br />
31 December 2009<br />
Total<br />
amounts paid at<br />
31 December 2010<br />
Outstanding<br />
amounts payable<br />
within one year<br />
Amounts payable<br />
after more<br />
than one year<br />
Boeing B737 USD ’000 2010 248,551 218,727 248,551<br />
Airbus A319/A320 EUR ’000 2018–2020 387,714 116,030 150,168 34,307 203,239<br />
Total * CZK ’000 14,376,692 7,009,062 8,423,790 859,733 5,093,169<br />
* For the conversion from USD and EUR to CZK, the rate of the Czech National Bank as at 31 December 2010 was used.<br />
In 2010, the prematurely expired four B737 aircraft financial leases and the instalments<br />
in the amount of CZK 316,658 thousand were paid as lump sum.
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