CzeCh airlines - České aerolinie

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).