CzeCh airlines - ÄeskÃ© aerolinie

More documents

Recommendations

Info

Notes to the Consolidated Financial Statements For the Year ended 31 December 2010 annual report 2010 | 129 15. OTHER LIABILITIES Deferred income includes amounts received from sold traffic documents that were not yet realized as at the balance sheet date, i.e. were not yet flown on. Within the delivery of twelve Airbus A320/A319 aircraft, the Parent Company acquired certain fixed assets without consideration as part of delivery in 2010 and 2009. These fixed assets are capitalized as part of tangible fixed assets upon the delivery and depreciated in accordance with the depreciation plan. The total revenue from these fixed assets received for free is deferred and amortized through the deferred income account over the period of the finance lease to the profit and loss account as an item decreasing the finance lease expenses.
Notes to the Consolidated Financial Statements For the Year ended 31 December 2010 annual report 2010 | 130 16. TAXATION During the 2010 tax period, the Group recognized the income tax provision in the amount of CZK 3,885 thousand. During the 2009 tax period, the income tax was CZK 83 thousand. In 2009, the income tax provision in the amount of CZK 25,409 thousand was released after the determination of the actual tax payable for 2008. The deferred tax asset/(liability) is calculated at the 19% tax rate (2009: 19%). The deferred tax asset/(liability) can be analysed as follows: Deferred tax liability: Equity CZK’000 31 December 2010 31 December 2009 Profit and loss account Equity CZK’000 CZK’000 Profit and loss account CZK’000 Difference between tax and accounting net book values of fixed assets (7,026) (560) Hedging derivative instruments – short-term (14,429) Hedging derivative instruments – long-term Deferred tax asset: (14,429) (7,026) (560) Difference between tax and accounting net book values of fixed assets 57,712 42,642 Allowances 98,084 135,109 Provisions 318,162 356,396 Hedging derivative instruments – short-term 259 27,597 Hedging derivative instruments – long-term 78,794 87,900 Tax losses 457,475 79,053 931,433 115,497 534,147 Net deferred tax asset / (liability) 64,624 924,407 115,497 533,587 Recognized deferred tax assets / (liability) (985) 115,497 (560) A deferred tax asset of CZK 115,497 thousand as at 31 December 2009 relating to items recorded directly to equity was recorded to equity (Note 10). In 2010, the deferred tax asset in the amount of CZK 115,497 thousand was derecognized. The total deferred tax asset in the amount of CZK 988,046 thousand was not recognized as the Group does not have reasonable certainty that the amount will be recoverable in following periods. The Group recognized the deferred tax liability in the amount of CZK 985 thousand (2009: CZK 560 thousand). The deferred tax liability is not possible to settle with the deferred tax asset within the Group’s tax base.
Page 1 and 2:
Czech airlines A n n u a l R e p o
Page 3 and 4:
contents annual report 2010 | 2 4 T
Page 5 and 6:
the Company and the group annual re
Page 7 and 8:
Company Profile annual report 2010
Page 9 and 10:
Important Developments during 2010
Page 11 and 12:
Selected Financial and Economic Ind
Page 13 and 14:
Corporate Governance and Management
Page 15 and 16:
Corporate Governance and Management
Page 17 and 18:
Organizational Chart of the Group a
Page 19 and 20:
Areas of Business annual report 201
Page 21 and 22:
sales and marketing annual report 2
Page 23 and 24:
Aircraft Fleet annual report 2010 |
Page 25 and 26:
Czech Airlines Security annual repo
Page 27 and 28:
Punctuality of Operations annual re
Page 29 and 30:
Environmental Care annual report 20
Page 31 and 32:
Human resources annual report 2010
Page 33 and 34:
subsidiary companies annual report
Page 35 and 36:
Subsidiary companies annual report
Page 37 and 38:
Subsidiary companies annual report
Page 39 and 40:
REPORT OF THE SUPERVISORY BOARD OF
Page 41 and 42:
Independent Auditor’s Report to t
Page 43 and 44:
Independent Auditor’s Report to t
Page 45 and 46:
CAS financial statements of České
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
NOTES TO THE FINANCIAL STATEMENTS F
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80: NOTES TO THE FINANCIAL STATEMENTS F
Page 95 and 96: CAS Consolidated financial statemen
Page 97 and 98: CAS Consolidated financial statemen
Page 99 and 100: Notes to the Consolidated Financial
Page 129: Notes to the Consolidated Financial
Page 141 and 142: CZECH AIRLINES COMMERCIAL TRANSPORT
Page 143 and 144: REPORT OF THE STATUTORY BODY OF THE
Page 153 and 154: ANNEX NO. 2 TO THE REPORT ON RELATI
Page 159 and 160: Equity holdings of Czech Airlines i
Page 161 and 162: Glossary and Abbreviations annual r
show all

CzeCh airlines - ÄeskÃ© aerolinie

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?

CzeCh airlines - ÄeskÃ© aerolinie