Annual Report 2008-2009 - Emirates.com
Annual Report 2008-2009 - Emirates.com
Annual Report 2008-2009 - Emirates.com
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Bank deposits<br />
Cash and bank<br />
<strong>Emirates</strong><br />
102<br />
30. Short term bank deposits and cash and cash equivalents<br />
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<br />
credit issued by bankers.<br />
31. Analysis of capital expenditure<br />
6,523,222<br />
645,138<br />
For the purposes of the consolidated statement of cash flows, capital expenditure is analysed as follows:<br />
<strong>2009</strong> <strong>2008</strong><br />
AED'000 AED'000<br />
9,621,585<br />
738,327<br />
Cash and bank balances 7,168,360<br />
10,359,912<br />
Less: Short term bank deposits - margins placed (771,225) -<br />
Less: Short term bank deposits - over 3 months (1,847,696) (7,644,972)<br />
Short term bank deposits (2,618,921) (7,644,972)<br />
Cash and cash equivalents as per consolidated balance sheet 4,549,439<br />
2,714,940<br />
Bank overdraft (Note 20) (1,576) -<br />
Cash and cash equivalents as per consolidated cash flow statement 4,547,863<br />
2,714,940<br />
<strong>2009</strong> <strong>2008</strong><br />
AED'000 AED'000<br />
Payments for property, plant and equipment 10,031,933<br />
8,903,179<br />
Less: Assets acquired under finance leases (4,459,104) (2,788,649)<br />
Cash outflow on capital expenditure 5,572,829<br />
6,114,530
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