Notes to the Consolidated
Financial Statements
In millions of U.S. dollars, unless otherwise stated
10. CUSTOMER AND COMMERCIAL FINANCING
Customer and commercial financing refer to the partial financing of certain sales of new aircraft by the Company, at average interest rates at December 31, 2010 of 6.31% p.a., (December 31, 2009 – 5.94% p.a. – January 1st, 2009 – 5.46% p.a.), and secured by the aircraft covered by the financing, at present value when applicable. The maturities are monthly, quarterly and half-yearly, classified as follows:
| |
12.31.2010 |
12.31.2009 |
01.01.2009 |
| Less – current portion |
20.4 |
11.2 |
8.6 |
| Long – term portion |
50.1 |
41.5 |
113.2 |
| Total |
70.5 |
52.7 |
121.8 |
At December 31, 2010, 2009 and January 1st, 2009, the total value of customer and commercial financing were fully performing.
At December 31, 2010, the long-term maturities of the financing of accounts receivable are as follows:
| Ano |
2012
|
11.8 |
2013 |
7.0 |
2014 |
6.3 |
2015
|
10.5 |
2016
|
14.5 |
|
50.1 |
top
Next