CzeCh airlines - České aerolinie

Notes to the Consolidated Financial Statements
For the Year ended 31 December 2010
annual report 2010 | 121
8. RECEIVABLES
Long-Term Receivables
31 December 2010
CZK’000
31 December 2009
CZK’000
Long-term receivables 138,419 257,953
Allowance for diminution in value (25) (67)
Net value long-term receivables 138,394 257,886
Long-term receivables represent mainly prepayments, of which CZK 113,669 thousand
as at 31 December 2010 (as at 31 December 2009: CZK 109,226 thousand)
represents prepayments for operating leases of aircraft. Long-term prepayments
maturing in more than five years represent the amount of CZK 32,993 thousand
as at 31 December 2010 (as at 31 December 2009: CZK 25,956 thousand). These
prepayments will be repaid to the Group if the Group fulfils the conditions defined
by the contract at the expiration of the operating leases. The long-term prepayments
further relate to the prepayments provided by the representations and also to the
Customs Office as at 31 December 2009.
The long-term receivables further include a deferred tax asset of CZK 115,497 thousand
as at 31 December 2009. As at 31 December 2010 the deferred tax asset was
not recognized (Note 16).