CzeCh airlines - Äeské aerolinie
CzeCh airlines - Äeské aerolinie
CzeCh airlines - Äeské aerolinie
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NOTES TO THE FINANCIAL STATEMENTS<br />
For the Year Ended 31 December 2010<br />
annual report 2010 | 77<br />
14. LOANS AND OTHER BORROWINGS<br />
31 December 2010<br />
CZK’000<br />
31 December 2009<br />
CZK’000<br />
Short-term bank loans due<br />
within 1 year<br />
132,352<br />
Part of long-term loans due<br />
within 1 year<br />
40,851 53,700<br />
Total loans due within 1 year 40,851 186,052<br />
Part of long-term loans due<br />
between 1–5 years<br />
27,234 68,085<br />
Total bank loans and overdrafts 68,085 254,137<br />
Short-Term Bank Loans<br />
Purpose<br />
Currency<br />
Balance<br />
at 31 December 2010<br />
in currencies ’000<br />
Balance<br />
at 31 December 2010<br />
CZK’000<br />
Balance<br />
at 31 December 2009<br />
in currencies ’000<br />
Balance<br />
at 31 December 2009<br />
CZK’000<br />
Operating loan EUR 5,001 132,352<br />
Total 132,352<br />
Interest rates relating to bank loans are variable on the basis of PRIBOR. The level of<br />
interest rates relating to short-term bank loans fluctuated between 3.12% and 4.15%<br />
p.a. in 2010 (2009: between 0.90% and 5.54% p.a.).<br />
Long-Term Bank Loans<br />
Purpose<br />
Currency<br />
Balance<br />
at 31 December 2010<br />
in currencies ’000<br />
Balance<br />
at 31 December 2010<br />
CZK’000<br />
Balance<br />
at 31 December 2009<br />
in currencies ’000<br />
Balance<br />
at 31 December 2009<br />
CZK’000<br />
Financing of B737 aircraft USD 700 12,849<br />
Medium-term operating loan CZK 68,085 68,085 108,936 108,936<br />
Total 68,085 121,785<br />
Interest rates relating to bank loans are variable on the basis of PRIBOR or LIBOR.<br />
The level of interest rates fluctuated between 4.25% and 4.56% p.a. in 2010<br />
(2009: between 3.46% and 5.11% p.a.).
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