Annual Report 2008-2009 - Emirates.com

Emirates
106
34. Related party transactions (continued)
(ii) Receivables - other transactions
Joint ventures
Companies under common control
Parent company
Receivable within one year (Note 17)
Receivable over one year (Note 15)
(iii) Payables - purchase of goods and services (Note 27)
Associated companies
Joint ventures
Companies under common control
(iv) Other payables (Note 27)
Companies under common control
(v) Loans
Joint ventures
Companies under common control
Movement in the loans were as follows:
Balance brought forward
Extended during the year
Repayments during the year
Currency translation differences
Balance carried forward
Receivable within one year (Note 17)
Receivable over one year (Note 15)
The effective interest rate on the loans was 4.73% (2008: 6.41%) per annum.
(vi) Loans and advances to key management personnel
Balance brought forward
Additions during the year
Repayments during the year
Balance carried forward
Receivable within one year (Note 17)
Receivable over one year (Note 15)
2009 2008
AED'000 AED'000
2,706
818,265
470,990
1,291,961
668,221
623,740
25,126
69
19,296
44,491
150,000
94,830
625,743
720,573
720,573
471,624
248,949
8,068
2,718
8,643
801,116
-
The amounts outstanding at year end are unsecured and will be settled in cash. No impairment charge has been recognised during
the year in respect of amounts owed by related parties.
2009 2008
AED'000 AED'000
432,945
91,825
477,535
345,711
(185,199) (4,591)
(4,708) -
13,513
2,670
4,963
14,478
(10,408) (3,635)
Loans and advances are interest free and repayable over a period upto sixty months. Emirates has the right to recover outstanding
loans and advances against the final dues payable to the employees.
5,350
809,759
77,685
732,074
33,969
2,053
19,833
55,855
-
87,234
345,711
432,945
432,945
146,208
286,737
13,513
7,023
6,490