27. Trade and other payables Trade payables and accruals 7,478,146 Related parties (Note 34) 194,491 Passenger and cargo sales in advance 4,883,416 Dividend payable - Less: Payables over one year The carrying value of trade and other payables over one year approximate their fair value. 28. Commitments Capital <strong>com</strong>mitments Authorised and contracted: Aircraft fleet Non-aircraft Joint ventures Authorised but not contracted: Non-aircraft Joint ventures Commitments have been entered into for the purchase of aircraft for delivery as follows (Note 10): Financial year Aircraft <strong>2009</strong> - 2010 17 Beyond <strong>2009</strong> - 2010 136 In addition, options are held on fifty Airbus and twenty Boeing aircraft. Operational <strong>com</strong>mitments Sales and marketing 29. Guarantees 101 <strong>2009</strong> <strong>2008</strong> AED'000 AED'000 12,556,053 6,928,586 55,855 5,666,090 911,848 13,562,379 (25,307) (12,578) 12,530,746 100,279,291 2,453,451 100,080 102,832,822 3,189,035 51,492 3,240,527 106,073,349 1,514,093 Performance bonds and letters of credit provided by bankers in the normal course of business 296,574 13,549,801 109,545,992 2,294,081 - 111,840,073 7,632,592 52,340 7,684,932 119,525,005 1,639,594 588,371
Bank deposits Cash and bank <strong>Emirates</strong> 102 30. Short term bank deposits and cash and cash equivalents Cash and bank balances earned an effective interest rate of 4.90% (<strong>2008</strong>: 5.20%) per annum. Margins are placed against letters of credit issued by bankers. 31. Analysis of capital expenditure 6,523,222 645,138 For the purposes of the consolidated statement of cash flows, capital expenditure is analysed as follows: <strong>2009</strong> <strong>2008</strong> AED'000 AED'000 9,621,585 738,327 Cash and bank balances 7,168,360 10,359,912 Less: Short term bank deposits - margins placed (771,225) - Less: Short term bank deposits - over 3 months (1,847,696) (7,644,972) Short term bank deposits (2,618,921) (7,644,972) Cash and cash equivalents as per consolidated balance sheet 4,549,439 2,714,940 Bank overdraft (Note 20) (1,576) - Cash and cash equivalents as per consolidated cash flow statement 4,547,863 2,714,940 <strong>2009</strong> <strong>2008</strong> AED'000 AED'000 Payments for property, plant and equipment 10,031,933 8,903,179 Less: Assets acquired under finance leases (4,459,104) (2,788,649) Cash outflow on capital expenditure 5,572,829 6,114,530
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Annual Report 2008-2009 The Emirate
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Other firsts included: The implemen
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Public, International, Industry and
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the aircraft had a direct impact on
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Creek extensions, and finally linki
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In Dubai, Dnata Travel Services ope
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coordination between them. This has
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Government Travel Services (GTS) ex
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XDAS also provided support for the
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EmQuest EmQuest is a travel distrib
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airport by serving 99,000 flights d
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Creation of the Customer Knowledge
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Tanzania; oversee Dnata Travel’s
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external agencies such as Dubai Imm
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- An enhanced version of flightcrew
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3 was heavily advertised, This incl
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