CzeCh airlines - České aerolinie

NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2010
annual report 2010 | 63
Allowance for Diminution in Value
1 January 2009
CZK’000
Charge for the year
CZK’000
Release during the year
CZK’000
31 December 2009
CZK’000
Buildings, halls and structures (15,798) 15,798
Machinery and equipment (24,037) (244,091) 22,580 (245,548)
Tangible assets under construction (60,713) (2,553) 409 (62,857)
(100,548) (246,644) 38,787 (308,405)
In 2009, the Company mainly created the allowance for rotables in the amount of
CZK 243,395 thousand as it is expected that their value will be covered by sale rather
than by use.
In 2010, the financial leasing of three Boeing B737 was expired, and the aircraft were
added to the assets at the acquisition costs of CZK 484,996 thousand. Furthermore,
the financial leasing of other four B737 aircraft was prematurely expired, and the
aircraft were added to the assets at the acquisition costs of CZK 736,954 thousand.
The finance lease of three Boeing B737-500 expired in 2009, and the aircraft
were added to the assets of the Company at the acquisition cost of CZK 383,518
thousand.
In 2009, the Company acquired land in the “North” area at the airport Prague –
Ruzyně. The purchase price of the land was calculated by an independent valuer in
the amount of CZK 171,279 thousand.