Value added Value added is a measure of wealth created. This statement shows the value added by the Group over the past five years and its distribution by way of payments to employees, governments and to providers of capital. It also indicates the portion of wealth retained in the business. Group operating revenue 44,655,617 Less : Purchase of goods and services 34,562,414 10,093,203 Add : Other operating in<strong>com</strong>e 1,042,329 Interest in<strong>com</strong>e Share of results in associated 473,117 <strong>com</strong>panies and joint ventures 87,753 Total value added by the Group 11,696,402 Distribution of value added: 059 <strong>2008</strong>-09 2007-08 2006-07 2005-06 2004-05 AED'000 AED'000 AED'000 AED'000 AED'000 38,776,136 27,126,621 11,649,515 2,401,090 665,805 73,342 14,789,752 To employees - salaries and other employee costs To overseas governments - 7,207,864 6,702,158 Corporation and other taxes To suppliers of capital - (75,905) 36,974 Dividends 2,061,435 1,035,056 Interest Retained for re-investment and future growth - 551,680 747,706 Depreciation and amortisation 2,459,947 1,923,030 Retained profits (508,619) 4,344,828 Total distribution of value added 11,696,402 14,789,752 29,827,768 20,221,627 9,606,141 559,919 660,227 83,644 10,909,931 5,017,307 163,361 431,035 691,682 1,513,954 3,092,592 10,909,931 23,418,465 15,666,133 7,752,332 382,261 378,942 59,555 8,573,090 4,049,662 89,418 454,479 405,998 1,142,298 2,431,235 8,573,090 18,496,306 11,608,858 6,887,448 324,509 191,270 54,469 7,457,696 3,400,725 58,685 406,670 283,670 951,493 2,356,453 7,457,696 2007-08 figures have been re-classified to conform with the current year's presentation. Figures for financial years’ prior to 2005-06 have not been amended. In <strong>2008</strong>-09, the total ‘value added’ of the Group was AED 11,696 million (2007-08: AED 14,790 million). The decline was on account of the cost of purchase of goods and services increasing by AED 7,436 million <strong>com</strong>pared with a growth in operating revenue of AED 5,879 million and lower other operating in<strong>com</strong>e of AED 1,359 million. Employees received AED 7,208 million (61.6% of the total value added) in the form of salaries and other related costs whilst net distributions on account of taxation, interest and dividends were AED 2,537 million (21.7%). The amount retained in the business for future growth was AED 1,951 million (16.7%).
<strong>Emirates</strong> 060 Revenue Passenger 32,968 Cargo 6,874 Courier 349 Excess baggage 349 Mail 126 Transport revenue 40,666 Sale of goods 1,562 Destination and leisure (see below) 194 Other 252 Total operating revenue 42,674 <strong>2008</strong>-09 2007-08 AED million % AED million % 77.3 28,118 16.1 6,012 0.8 299 0.8 256 0.3 138 95.3 34,823 3.7 1,232 0.5 196 0.5 190 100.0 36,441 Destination and leisure revenue reflects the net in<strong>com</strong>e after removal of inter-<strong>com</strong>pany transactions and direct operating costs. Total package sales achieved for <strong>2008</strong>-09 was AED 1,370 million (2007-08: AED 1,392 million). 36.5% Europe and Americas 28.1% Far East and Australasia 13.3% Middle East 11.3% Africa 10.8% West Asia and Indian Ocean Segment revenue 77.2 16.5 0.8 0.7 0.4 95.6 3.4 0.5 0.5 100.0
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Annual Report 2008-2009 The Emirate
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The Emirates Group Emirates is the
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36. Capital risk management Emirate
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Consolidated income statement for t
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1 April 2007 62,615 Currency transl
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24. Financial risk management (cont