ANNUAL REPORT - KORADO, as

42
KORADO, a.s.
Financial Statements for the year ended 31 December 2010
16. LEASES
The Company leases fixed assets, which are not recorded on the balance sheet (see Note 3h).
Assets which are being used by the Company under operating leases as at 31 December 2010 and 2009 consist
of the following (in CZK thousands):
Description Expense in 2010 Expense in 2009
Copy machines 1,798 1,817
Fork-lift trucks 5,530 5,710
Total 7,328 7,527
Annual rent expense includes also operational maintenance services.
Assets which are being used by the Company under finance leases (i.e. the assets are transferred to the Company
when the lease term expires) as at 31 December 2010 and 2009 consist of the following (in CZK thousands):
Description Terms Total Cumulated Cumulated Remaining
/conditions lease payments payments payments as at
made made 31. 12. 2010
as at as at Due within Due over
31. 12. 2010 31. 12. 2009 one year one year
Vehicles 2007-2010 3,362 3,362 3,238 - -
Total 3,362 3,362 3,238 - -
17. COMMITMENTS AND CONTINGENCIES
Small tangible and intangible fixed assets that are not shown
on the balance sheet are recorded in an off-balance sheet
account (see Note 4a and 4b).
18. REVENUES
The breakdown of revenues on ordinary activities is as follows (in CZK thousands):
The Company has assets used under operating and finance
leases, which are not shown on the balance sheet (see Note
16).
2010 2009
Domestic Foreign Total Domestic Foreign Total
Radiator production 659,401 887,733 1,547,134 793,944 896,010 1,689,954
Other 12,414 16,258 28,672 18,968 25,001 43,969
Total revenues 671,815 903,991 1,575,806 812,912 921,011 1,733,923
In 2010 and 2009 the revenues of the Company were concentrated primarily with the subsidiaries and 15 principal wholesale
customers in the Czech Republic and abroad.
Annual Report 2010