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Financial Statements Aer Lingus Group Plc – Annual Report 2010 79
23 Finance lease obligations (continued)
Finance lease obligation – minimum lease payments
2010 2009
€’000 €’000
No later than one year 78,381 70,952
Later than one year but no later than fi ve years 325,606 265,190
Later than fi ve years 251,314 278,987
655,301 615,129
Future fi nance charges on fi nance leases (120,070) (122,508)
Capital value of fi nance lease liabilities 535,231 492,621
The Group had no undrawn borrowing facilities at 31 December 2010 or 31 December 2009.
24 Provisions for liabilities and charges
Business
repositioning (a)
Aircraft
maintenance (b) Other (c) Total
€’000 €’000 €’000 €’000
At 1 January 2009 129,498 51,595 24,413 205,506
Provided during the period 89,979 13,838 18,370 122,187
Written back during the period - (13,413) - (13,413)
Utilised during the period (124,173) (15,957) (617) (140,747)
At 31 December 2009 95,304 36,063 42,166 173,533
At 1 January 2010 95,304 36,063 42,166 173,533
Provided during the period 29,500 13,120 - 42,620
Written back during the period (7,669) (4,060) (2,940) (14,669)
Utilised during the period (41,486) (5,569) (2,879) (49,934)
At 31 December 2010 75,649 39,554 36,347 151,550
Business
repositioning (a)
Aircraft
maintenance (b) Other (c) Total
€’000 €’000 €’000 €’000
Analysed as current liabilities
31 December 2010 47,162 21,536 2,840 71,538
31 December 2009 46,579 6,794 5,110 58,483
Analysed as non-current liabilities
31 December 2010 28,487 18,018 33,507 80,012
31 December 2009 48,725 29,269 37,056 115,050
Total provision
31 December 2010 75,649 39,554 36,347 151,550
31 December 2009 95,304 36,063 42,166 173,533