CzeCh airlines - České aerolinie

NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2010
annual report 2010 | 68
At 31 December 2009:
Number of
shares
Nominal value
Acquisition cost
CZK’000
% of share
capital
2009 profit / (loss)
CZK’000
Equity
CZK’000
Dividend
income 2009
CZK’000
Foreign entities
SLOVAK AIR SERVICES, s.r.o. (Bratislava, SR) N/A EUR 217,000 1,963 100 1,747 * 12,253 * 3,900
Czech entities
HOLIDAYS Czech Airlines, a.s. (Prague) 1,000 CZK 10,000,000 10,000 100 329 (1,322)
ClickforSky, a.s. (Prague) 20 CZK 2,000,000 2,243 100 17 1,387
ČSA Support s.r.o. (Prague) N/A CZK 4,390,000 4,051 100 3,033 589,446
CSA Services, s.r.o. (Prague) N/A CZK 270,000 270 100 2,224 5,253
AMADEUS MARKETING CSA, s.r.o. (Prague) N/A CZK 380,000 380 65 7,509 12,328
Allowance for diminution in value (10,000)
Net book value 8,907
* The conversion from EUR to CZK was carried out using the rate of the Czech National Bank as at 31 December 2009 and the average rate for 2009.
18,907 3,900
There are no differences between the percentage of ownership and the percentage of
voting rights in any subsidiary undertaking.
As of 16 December 2009, the Company’s Board of Directors decided to increase the
share capital by CZK 570,000 thousand and the share premium of CZK 84,831 thousand
in the Company Czech Airlines Handling, s.r.o. (formerly ČSA Support s.r.o.).
The increase was made by the non-monetary contribution valued by an independent
valuer appointed by a court. The accounting value of the transferred net assets was
CZK 128,049 thousand as at 1 January 2010 (Note 28).
As of 20 May 2010, the Company’s Board of Directors decided to increase the share
capital by CZK 162,000 thousand and the share premium of CZK 19,745 thousand
in the Company HOLIDAYS Czech Airlines, a.s. The increase was made by the
non-monetary contribution valued by an independent valuer appointed by a court.
The accounting value of the transferred net assets was CZK (19,353) thousand
as at 1 June 2010 (Notes 25 and 28). At the same time, the Company released an
allowance to the investment in HOLIDAYS Czech Airlines, a.s. in the amount of CZK
10,000 thousand. As of 30 December 2010, the Company concluded a settlement
agreement with HOLIDAYS Czech Airlines, a.s. for additional transfer of cash related
to customers’ prepayments in the amount of CZK 50,648 thousand (Note 13).
As of 28 June 2010, the Company’s Board of Directors decided to increase the
share capital by CZK 380,000 thousand in Czech Airlines Technics, a.s. (formerly
ClickforSky, a.s.). The increase was made by the non-monetary contribution valued
by an independent valuer appointed by a court. The accounting value of the transferred
net assets was CZK 341,477 thousand as at 1 August 2010 (Note 28).