Annual Report 2008-2009 - Emirates.com
Annual Report 2008-2009 - Emirates.com
Annual Report 2008-2009 - Emirates.com
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Dnata<br />
(iii) Loans<br />
Associated <strong>com</strong>panies<br />
Joint ventures<br />
Within one year (Note 12)<br />
134<br />
23. Related party transactions (continued)<br />
Other transactions<br />
The loans earned effective interest of 6.20% (<strong>2008</strong>: 8.26%) except for loans amounting to AED<br />
which were interest free.<br />
(iv) Loans and advances to key management personnel<br />
<strong>2009</strong><br />
<strong>2008</strong><br />
AED'000 AED'000<br />
3,581<br />
19,645<br />
23,226<br />
Movement in the loans were as follows:<br />
Balance brought forward 15,288<br />
Additions 7,938<br />
Repayments -<br />
Impairment provision -<br />
Balance carried forward 23,226<br />
21,967<br />
Total over one year 1,259<br />
Balance brought forward 164<br />
Additions 736<br />
Repayments (722)<br />
Balance carried forward 178<br />
-<br />
15,288<br />
15,288<br />
3,999<br />
14,029<br />
(150)<br />
(2,590)<br />
15,288<br />
14,029<br />
Within one year (Note 12) 167<br />
116<br />
1,259<br />
5.6 million (<strong>2008</strong>: AED 1.3 million)<br />
<strong>2009</strong> <strong>2008</strong><br />
AED'000 AED'000<br />
Total over one year 11<br />
48<br />
Loans and advances to key management personnel are interest free and are repayable monthly over 36 months. Dnata has the right<br />
to recover outstanding loans and advances against the final dues payable to the employees.<br />
268<br />
593<br />
(697)<br />
164
Change language