Annual Report 2008-2009 - Emirates.com

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The Emirates Group Emirates is the international airline of the United Arab Emirates. Its main activity is the provision of commercial air transportation services. Dnata is the largest travel management services company in the UAE and the sole ground handling agent at Dubai International airport. Its main activities are the provision of aircraft and cargo handling, information technology services, aircraft engineering services and the sale of air tickets on behalf of airlines either as their agent or General Sales Agent. Emirates and Dnata are independent entities and do not form a group as defined by International Financial Reporting Standards. However, these entities are under common management. Therefore, in the Management Review and Financial Statistics sections of this document, they are together referred to as the Emirates Group. Front cover: Emirates and Dnata staff at Emirates Terminal 3, Dubai International airport.
Contents Chairman and Chief Executive, Emirates Airline and Group 04 Emirates 10 Group Services and Dnata 28 Group Support Services 40 Other Group Departments 48 Operating Statistics 54 Financial Statistics 56 Emirates Auditor’s Report 71 Emirates Consolidated Financial Statements 72 Dnata Auditor’s Report 112 Dnata Consolidated Financial Statements 113 The paper used in printing this brochure has been certified by the PEFC. The PEFC Council (Programme for the Endorsement of Forest Certification schemes) is an independent, non-profit, non-governmental organisation, which promotes sustainably managed forests through independent third party certification. The Emirates Group has launched a company-wide environmental programme which has already made significant strides in improving the way the businesses work to address our responsibilities to the world. Many initiatives are being implemented, from eco-flights to office procedures.
Page 1: Annual Report 2008-2009 The Emirate
Page 6 and 7: 4 The Emirates Group Chairman and C
Page 8 and 9: 6 The Emirates Group Chairman and C
Page 10 and 11: 8 The Emirates Group Executive Vice
Page 12 and 13: First Class Suite 10 Emirates Presi
Page 14 and 15: 12 Emirates The Airline Emirates A3
Page 16 and 17: 14 Emirates The Airline 15 Emirates
Page 18 and 19: Other firsts included: The implemen
Page 20 and 21: A series of relief charter flights
Page 22 and 23: In West Asia, the total number of f
Page 24 and 25: Public, International, Industry and
Page 26 and 27: the aircraft had a direct impact on
Page 28 and 29: Creek extensions, and finally linki
Page 30 and 31: In Dubai, Dnata Travel Services ope
Page 32 and 33: coordination between them. This has
Page 34 and 35: Government Travel Services (GTS) ex
Page 36 and 37: XDAS also provided support for the
Page 38 and 39: EmQuest EmQuest is a travel distrib
Page 40 and 41: airport by serving 99,000 flights d
Page 42 and 43: Creation of the Customer Knowledge
Page 44 and 45: Tanzania; oversee Dnata Travel’s
Page 46 and 47: external agencies such as Dubai Imm
Page 48 and 49: - An enhanced version of flightcrew
Page 50 and 51: 3 was heavily advertised, This incl
Page 52 and 53: was attended by officials of the Ba
Page 54 and 55:
Contents Financial Report 2008-2009
Page 56 and 57:
Consolidated financial statements T
Page 58 and 59:
Profitability Group net profit for
Page 60 and 61:
Value added Value added is a measur
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Fuel and oil 14,443 Employee (see (
Page 64 and 65:
Capacity, traffic, load factor and
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At 31 Mach 2009: Fleet information
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Expenditure 067 2008-09 2007-08 AED
Page 70 and 71:
Employee strength and productivity
Page 72 and 73:
Independent auditor’s report to t
Page 74 and 75:
Consolidated balance sheet as at 31
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Consolidated cash flow statement fo
Page 78 and 79:
2. Summary of significant accountin
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3. Critical accounting estimates an
Page 86 and 87:
4. Revenue (continued) Transport re
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10. Property, plant and equipment C
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11. Intangible assets Cost 1 April
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Movement of investments in associat
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14. Other investments (continued) (
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18. Capital Capital represents the
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22. Term loans Balance brought forw
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24. Provisions (continued) (i) Fund
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27. Trade and other payables Trade
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32. Derivative financial instrument
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34. Related party transactions The
Page 108 and 109:
35. Financial risk management Finan
Page 110 and 111:
35. Financial risk management (cont
Page 112 and 113:
36. Capital risk management Emirate
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Consolidated income statement for t
Page 116 and 117:
1 April 2007 62,615 Currency transl
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1. Establishment and operations Not
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
8. Property, plant and equipment Co
Page 126 and 127:
10. Investments in subsidiaries, as
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12. Trade and other receivables Tra
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14. Employee end of service benefit
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17. Trade and other payables Less t
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23. Related party transactions The
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24. Financial risk management Dnata
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24. Financial risk management (cont
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Annual Report 2008-2009 - Emirates.com

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