• 
  • Consolidated Balance Sheets
  • Consolidated Statements of income Yeares Ended
  • Consolidated Statements of Comprehensive Income Years Ended
  • Consolidated Statements of Shareholders' Equity
  • Consolidated Statements of Cash Flow Years Ended
  • Notes To the Consolidated Financial Statements
    • 1. Operations
    • 2. Presentation of the Financial Statements and Accounting Practices
    • 3. Critical Accounting Estimates
    • 4. Accounting Pronouncements not yet Adopted
    • 5. First-time Adoption of IFRS
    • 6. Financial Instruments
    • 7. Cash and Cash Equivalents
    • 8. Financial Assets
    • 9. Trade Accounts Receivable, Net
    • 10. Customer and Commercial Financing
    • 11. Collateralized Accounts Receivable and Recourse and Non Recourse Debt
    • 12. Inventories
    • 13. Other Assets
    • 14. Guarantee Deposits
    • 15. Related Party Transactions
    • 16. Property, Plant and Equipment
    • 17. Intangible Assets
    • 18. Financial Liabilities by Category
    • 19. Loans and Financing
    • 20. Trade Accounts Payable
    • 21. Other Payables
    • 22. Contribution from Suppliers
    • 23. Advances from Customers
    • 24. Axes and Payroll Charges Payable and Income Tax Social Contribution
    • 25. Other Provisions
    • 26. Provisions for Contingencies
    • 27. Post-retirement Benefits
    • 28. Shareholders' Equity
    • 29. Stock Compensation
    • 30. Earnings Per Share
    • 31. Employee Profit Sharing-plan
    • 32. Other Operating (expense) Income, Net
    • 33. Revenue and (expenses) by Nature
    • 34. Financial Income (expense)
    • 35. Foreign Exchange Gains (losses), Net
    • 36. Income Taxesincome Taxes
    • 37. Impairment Test
    • 38. Financial Guarantees
    • 39. Financial Instruments
    • 40. Responsibilities and Commitments
    • 41. Insurance (unaudited)
    • 42. Additional Information of Cash Flow
    • 43. Segment Information
    • 44. Events After the Balance Sheet Date
  • Proposal to the Board of Directors
  • ANNUAL REPORT

Notes to the Consolidated Financial Statements
In millions of U.S. dollars, unless otherwise stated

21. OTHER PAYABLES

	12.31.2010	12.31.2009	01.01.2009
Contractual obligations (i)	29.2	29.0	21.4
Commercial incentives	12.9	12.2	7.4
Brazilian Air Force (ii)	2.7	10.2	-
Related party (iii)	7.8	9.9	8.6
Insurance	6.4	7.8	4.2
Security deposit	10.1	5.7	3.9
Accrued materials (iv)	1.6	4.1	3.8
Financial credit (v)	2.0	2.6	3.3
Other accounts payable (vi)	39.3	51.6	39.5
	112.0	133.1	92.1
Less – current portion	84.4	108.1	70.0
Long – term portion	27.6	25.0	22.1

(i) Represents maintenance obligation under lease agreements.

(ii) The Brazilian Air Force is a related party.

(iii) Refers mainly to the intercompany loan between OGMA and EMPORDEF, an OGMA shareholder.

(iv) Accessories or components to be installed in aircraft already delivered, in accordance with the contracts.

(v) Amounts provided to compensate customers for certain financing costs.

(vi) Expenses incurred in December, for payment in the following month.


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