CzeCh airlines - České aerolinie

NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2010
annual report 2010 | 88
27. COMMITMENTS
The Company has the following future commitments with respect to operating
leases of 18 aircraft as at 31 December 2010 (as at 31 December 2009: 22 aircraft):
Aircraft Currency Total lease payments
Total amounts paid at
31 December 2009
Total amounts paid at
31 December 2010
Outstanding amounts
payable within one year
Amounts payable
after more than one year
Boeing B737 USD ’000 32,857 19,922 26,851 5,313 693
Airbus A310/A320/A321/A319 USD ’000 165,093 69,594 85,366 16,242 63,485
ATR 42 USD ’000 68,456 41,972 50,525 8,554 9,377
Total USD ’000 266,406 131,488 162,742 30,109 73,555
Total * CZK ’000 4,995,379 2,465,531 3,051,575 564,574 1,379,230
* The conversion from USD to CZK was carried out using the rate of the Czech National Bank as at 31 December 2010.
Except for the future commitments with respect to operating leases, the Company
has the following future commitments with respect to non-residential premises:
Rent Currency Total lease payments
Total amounts
paid at
31 December 2009
Total amounts
paid at
31 December 2010
Outstanding
amounts payable
within one year
Amounts payable
after more
than one year
Non-residential premises EUR ’000 3,702 397 1,160 726 1,816
Non-residential premises** CZK ’000 3,009,479 214,837 339,291 123,207 2,546,981
CZK ’000
Total * 3,102,251 224,786 368,361 141,400 2,592,490
* The conversion from EUR to CZK was carried out using the rate of the Czech National Bank as at 31 December 2010.
** Non-residential premises – amounts payable after more than one year include the rent of real estate with the contractual rental period of 20 to 30 years.
The Company will purchase eight Airbus A319 aircraft in 2011–2014, in the total official
list price value of USD 586,786 thousand as at the delivery date. The actual price
will be set in accordance with the contract signed in 2005.
The Company has no other undisclosed significant commitments.