CzeCh airlines - ÄeskÃ© aerolinie

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Notes to the Consolidated Financial Statements For the Year ended 31 December 2010 annual report 2010 | 133 Remuneration granted to members of statutory authorities and the Company’s Management are stated as follows: 2010 Board of Directors/ Managing Director CZK’000 Supervisory Board CZK’000 Other members of the Management CZK’000 Total CZK’000 Remuneration 3,100 1,619 4,719 Personal cars/other movable and immovable assets available for personal usage (the amount increases the tax base of employees) 363 303 838 1,504 Other benefits (responsibility of statutory authorities insurance) 204 245 449 2009 Remuneration 1,788 4,346 6,134 Personal cars/other movable and immovable assets available for personal usage (the amount increases the tax base of employees) 527 1,083 1,610 Other benefits (responsibility of statutory authorities insurance) 485 485 20. OTHER OPERATING INCOME 2010 CZK’000 2009 CZK’000 Subsistence allowance 1,916 3,088 Income from advertisement 17,716 14,118 Income from sold and written-off receivables 227 425 Income from intermediary activities 4,094 4,215 Income from slot exchange 486,162 Settlement of shortages and losses 8,595 46,022 Government grants and public support 40,691 29,309 Income from re-invoicing 18,623 21,205 Other 77,898 40,972 655,922 159,354 The item “Other” includes income from insurance indemnification for damage relating to landing gear overhaul and income from invoicing for the undesirable passengers. In 2010, the Parent Company exchanged the landing and take-off slots at the London Heathrow destination. The income in the amount of CZK 486,162 thousand was realized.
Notes to the Consolidated Financial Statements For the Year ended 31 December 2010 annual report 2010 | 134 21. OTHER OPERATING EXPENSES 23. OTHER FINANCIAL EXPENSES 2010 CZK’000 2009 CZK’000 2010 CZK’000 2009 CZK’000 Fines and penalties 68,437 121,226 Write-offs of receivables 29,306 11,698 Insurance 89,475 98,712 Denied boarding compensation 27,436 21,645 Wages and salaries settlement (e.g. termination benefits, injury compensation) 2,068 1,934 Compensations to passengers (e.g. hotel accommodation, refreshment and phones in the 45,399 31,538 case of flight cancellation, rebooking, etc.) Marketing expenses 5,269 11,558 Shortages and damages 11,527 15,510 Other 22,463 57,279 In 2010, the item “Other” contains the brokerage from the sale of aircraft and other non-taxable expenses. In 2009, the item “Other” represents the disposal of rotables in the amount of CZK 18,701 thousand. 22. OTHER FINANCIAL INCOME 301,380 371,100 2010 CZK’000 2009 CZK’000 Foreign exchange gains 564,013 987,566 Income from derivative financial instruments 220,105 1,115,398 Other 942 784,118 2,103,906 Foreign exchange losses 672,232 1,116,791 Expenses from derivative financial instruments 269,162 941,057 Bank charges for transaction payments made by credit cards 93,189 102,391 Other 16,605 22,976 24. EXTRAORDINARY INCOME AND EXPENSES Extraordinary income and expenses relate to the sale of part of the Company’s business Duty Free. The income from the sale was in the amount of CZK 767,195 thousand and the carrying amount of assets and liabilities of the sold part was CZK 59,177 thousand. 25. RELATED PARTY TRANSACTIONS The Group was involved in the following related party transactions: 1,051,188 2,183,215 Revenue 2010 2009 CZK’000 CZK’000 Other related companies Letiště Prague, a.s. (former Správa Letiště Prague, s.p.) 1,098,720 612,794 ČEZ, a.s. 102 1,098,822 612,794 Revenues received from ČEZ, a.s. represents the interest income from the promissory notes issued by ČEZ, a.s. (Note 6).
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Czech airlines A n n u a l R e p o
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contents annual report 2010 | 2 4 T
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the Company and the group annual re
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Company Profile annual report 2010
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Important Developments during 2010
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Selected Financial and Economic Ind
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Corporate Governance and Management
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Corporate Governance and Management
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Organizational Chart of the Group a
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Areas of Business annual report 201
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sales and marketing annual report 2
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Aircraft Fleet annual report 2010 |
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Czech Airlines Security annual repo
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Punctuality of Operations annual re
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Environmental Care annual report 20
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Human resources annual report 2010
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subsidiary companies annual report
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Subsidiary companies annual report
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Subsidiary companies annual report
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REPORT OF THE SUPERVISORY BOARD OF
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Independent Auditor’s Report to t
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Independent Auditor’s Report to t
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CAS financial statements of České
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NOTES TO THE FINANCIAL STATEMENTS F
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