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CzeCh airlines - České aerolinie

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Notes to the Consolidated Financial Statements<br />

For the Year ended 31 December 2010<br />

annual report 2010 | 135<br />

Expenses<br />

Other related companies<br />

Letiště Prague, a.s. (former Správa Letiště<br />

Prague, s.p.)<br />

2010<br />

CZK’000<br />

2009<br />

CZK’000<br />

1,772,257 264,821<br />

1,772,257 264,821<br />

Company cars are available to members of Management and to members of the<br />

Board of Directors (Note 19).<br />

Total remuneration for the members of the Board of Directors, Managing Director<br />

and the members of the Supervisory Board is disclosed in Note 19.<br />

The following related party balances were outstanding at:<br />

Receivables<br />

Other related companies<br />

Letiště Prague, a.s.<br />

(former Správa Letiště Prague, s.p.)<br />

31 December 2010<br />

CZK’000<br />

31 December 2009<br />

CZK’000<br />

7,544 114,352<br />

7,544 114,352<br />

Besides the above-stated remuneration and benefits, there were no other considerations<br />

provided to the Group’s shareholders, members of the Company’s boards and<br />

the Management in 2010 and 2009.<br />

In 2009, land in the ‘North’area at the Prague – Ruzyně airport was purchased from<br />

Letiště Prague, a.s. (Note 5). Správa Letiště Prague, s.p. has been transformed into<br />

Letiště Prague, a.s. This entity, as well České <strong>aerolinie</strong> a.s., is owned by the Czech<br />

state.<br />

Payables<br />

Other related companies<br />

Letiště Prague, a.s.<br />

(former Správa Letiště Prague, s.p.)<br />

31 December 2010<br />

CZK’000<br />

31 December 2009<br />

CZK’000<br />

324,721 423,776<br />

324,721 423,776<br />

In 2010, the sale of Hangar F, land around Hangar F and land around the APC<br />

administration building was realized to Letiště Prague, a.s.<br />

The following related party balances of provided and received loans were outstanding<br />

at:<br />

Received loans – short-term<br />

31 December 2010<br />

CZK’000<br />

31 December 2009<br />

CZK’000<br />

Ministry of Trade and Industry of the Czech<br />

Republic (Note 12)<br />

2,500,000

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