CzeCh airlines - České aerolinie

NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2010
annual report 2010 | 61
Accumulated Depreciation
1 January 2010
CZK’000
Charge for the year
CZK’000
Contribution / transfer
CZK’000
Disposals
CZK’000
31 December 2010
CZK’000
Buildings, halls and structures (126,220) (10,909) 3,589 77,964 (55,576)
Machinery and equipment (1,489,178) (242,240) 200,432 721,326 (809,660)
Aircraft (543,527) (98,700) 82,721 (559,506)
Vehicles (354,617) (4,230) 330,799 5,832 (22,216)
Furniture and fixtures (331,335) (10,846) 89,443 29,850 (222,888)
Other tangible fixed assets (26,045) (8,379) 3,254 8,508 (22,662)
(2,870,922) (375,304) 627,517 926,201 (1,692,508)
Allowance for diminution in value (308,405) (45,397)
Net book value 3,508,980 1,685,198
Allowance for Diminution in Value
1 January 2010
CZK’000
Charge for the year
CZK’000
Release during the year
CZK’000
31 December 2010
CZK’000
Buildings, halls and structures (245,548) 235,895 (9,653)
Tangible assets under construction (62,857) (5,966) 33,079 (35,744)
(308,405) (5,966) 268,974 (45,397)
The allowance to rotables in the amount of CZK 140,464 thousand was released
during 2010 due to the sale of rotables to the subsidiary Czech Airlines Technics,
a.s. (formerly ClickforSky, a.s.). The selling price was determined by an independent
valuer in the amount of CZK 402,142 thousand. The net book value of sold property
before allowance was in the amount of CZK 557,093 thousand.
The allowance to disposed rotables in the amount of CZK 84,187 thousand was
released. The rotables were not identified during the physical inventory count and
were written off to expenses. The impact to profit or loss was CZK 0 thousand.