Annual Report 2008-2009 - Emirates.com

Emirates
100
24. Provisions (continued)
The movement in the defined benefit obligation is:
Balance brought forward 124,731
81,468
Charge for the year
133,800
85,453
Benefits utilised during the year
(78,629) (42,190)
Balance carried forward
179,902
124,731
Balance carried forward
2009 2008
AED'000 AED'000
Balance brought forward
427,117
363,018
Acquisition (Note 37)
105
-
Release of excess provision (100,099) -
Charge for the year
69,738
103,145
Payments made during the year
(62,090) (39,046)
Balance carried forward
334,771
427,117
Payments made during the year include the transfer of accumulated benefits to Emirates’ funded scheme.
Frequent flyer programme
Movements in the provision for frequent flyer programme are as follows:
25. Deferred credits
Balance brought forward
Net additions during the year
Transferred to property, plant and equipment
Recognised during the year
Balance carried forward
Deferred credits will be recognised as follows:
Within one year
Over one year
2009 2008
AED'000
AED'000
764,760
878,459
57,541
110,240
-
(65,514)
(161,255) (158,425)
661,046
168,980
492,066
764,760
164,696
600,064
Deferred credits transferred to property, plant and equipment are consequent to a change in classification of certain aircraft from
operating lease to finance lease.
26. Deferred income tax liability
2009 2008
AED'000 AED'000
Balance brought forward
19,950
50,642
Credited to the consolidated income statement (7,267) (30,692)
12,683
19,950
The deferred income tax liability is on account of accelerated tax depreciation.
A deferred tax asset has not been recognised in respect of carried forward tax losses amounting to AED 391.3 million (2008: AED
351.0 million).