Výroční zpráva\Annual Report - CETELEM ČR, as
Výroční zpráva\Annual Report - CETELEM ČR, as
Výroční zpráva\Annual Report - CETELEM ČR, as
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Notes to 2006 Financial Statements<br />
d) Depreciation methods<br />
In accounting terms, the Company depreciates fixed <strong>as</strong>sets on a straight-line b<strong>as</strong>is b<strong>as</strong>ed on an approved depreciation plan<br />
compiled b<strong>as</strong>ed on an expert appraisal of its economic and technical service life. Technical improvement of the le<strong>as</strong>ed <strong>as</strong>sets is<br />
depreciated during the term of the le<strong>as</strong>ed <strong>as</strong>set use. In tax terms, fixed <strong>as</strong>sets available for use before 2005 are depreciated on<br />
a straight-line b<strong>as</strong>is while <strong>as</strong>sets available for use on or after January 1, 2005 are depreciated on an accelerated b<strong>as</strong>is in accordance<br />
with Act No. 586/1992, on income tax, <strong>as</strong> amended.<br />
Depreciation Plan<br />
Title Accounting depreciation<br />
(<strong>as</strong>sets acquired before<br />
Jan 1, 2001)<br />
Accounting depreciation<br />
(<strong>as</strong>sets acquired on or after<br />
Jan 1, 2001)<br />
Accounting depreciation<br />
(<strong>as</strong>sets acquired on or after<br />
Jan 1, 2005)<br />
Tax depreciation<br />
Depreciation period Depreciation period Depreciation period Group<br />
Software and other intangible<br />
5 3 - 4 3 1 or during the term<br />
fixed <strong>as</strong>sets<br />
of right of use<br />
Buildings, structures and halls /<br />
45 30 30 or 10<br />
5 or 6<br />
technical improvement<br />
or term of le<strong>as</strong>e<br />
Machinery and equipment 4 3 5 1 or 2, 3<br />
P<strong>as</strong>senger cars 3 3 1a<br />
Inventory 12 or 15 5 or 8 5 or 8 2 or 3<br />
Information technology 4 3 3 1<br />
5.2.2 Financial investments<br />
Interests in other companies and securities are valued at acquisition price.<br />
As of the balance day, the financial <strong>as</strong>sets of the Company have not been re-valuated to the actual value. The Company‘s financial<br />
<strong>as</strong>sets consist of an interest with significant influence that w<strong>as</strong> valued at acquisition price <strong>as</strong> this investment is unimportant from<br />
the viewpoint of the Company’s balance sheet total.<br />
5.2.3 Inventories<br />
Given its business, the Company carries no inventories. Overhead material consumption is carried <strong>as</strong> costs b<strong>as</strong>ed on accruals/deferrals.<br />
Unused material <strong>as</strong> of the closing date is reported in accruals (prepaid expenses).<br />
5.2.4 Receivables and liabilities<br />
a) Accounting methods<br />
As at the day of an accounting transaction, the accounting unit carries short-term and long-term receivables and liabilities b<strong>as</strong>ed<br />
on the agreed maturity. As at the day of balance, long-term receivables and liabilities with factual maturity under one year are<br />
posted <strong>as</strong> short-term receivables or liabilities.<br />
VÝROČNÍ ZPRÁVA\ANNUAL REPORT 2006 63
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