Annual Report 2008-2009 - Emirates.com

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Fuel and oil 14,443 Employee (see (a) below) 5,861 Aircraft operating leases 3,797 Sales and marketing 3,455 Handling 2,533 Depreciation 2,150 In-flight catering and other operating costs 1,923 Overflying 1,281 Cost of goods sold 822 Landing and parking 735 Aircraft maintenance 682 Amortisation 61 Corporate overheads 3,380 Total operating costs (see (b) below) 41,122 (a) Includes in-house engineering employees. (b) Excludes interest and financing costs. Expenditure 061 2008-09 2007-08 AED million % AED million % Expenditure 35.1 11,005 14.3 5,475 9.2 3,579 8.4 3,546 6.2 2,138 5.2 1,652 4.7 1,763 3.1 1,157 2.0 701 1.8 683 1.7 631 0.1 48 8.2 1,981 100.0 34,359 35.1% Fuel and oil 14.3% Employee 9.2% Aircraft operating leases 8.4% Sales and marketing 6.2% Handling 5.3% Depreciation and amortisation 32.0 15.9 10.4 10.3 6.2 4.8 5.1 3.4 2.0 2.0 1.9 0.2 5.8 100.0 4.7% In-flight catering and other operating costs 3.1% Overflying 2.0% Cost of goods sold 1.8% Landing and parking 1.7% Aircraft maintenance 8.2% Corporate overheads
Emirates 062 Yield, unit cost and breakeven load factor Overall yield increased across all products by 19.8 fils (8.4%) to 256.1 fils per revenue tonne-kilometre. Passenger yield and freight yield improved by 8.7% and 6.3% respectively from increases in fares and rates. Unit cost increased by 12.4 fils (8.2%) to 163.7 fils per available tonne-kilometre. The increase is due to higher fuel costs by 9.4 fils, other operating expenses by 4.2 fils offset by lower staff costs of 1.2 fils. Consequently, the breakeven load factor improved marginally to 63.9% (2008: 64.1%) Fils/TKM (100 Fils = 1 AED) 300 250 200 150 100 50 0 Yield and unit cost 2004-05 2005-06 2006-07 2007-08 2008-09 Unit Yield Unit cost
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Annual Report 2008-2009 The Emirate
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The Emirates Group Emirates is the
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4 The Emirates Group Chairman and C
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6 The Emirates Group Chairman and C
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8 The Emirates Group Executive Vice
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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
Page 64 and 65: Capacity, traffic, load factor and
Page 66 and 67: At 31 Mach 2009: Fleet information
Page 68 and 69: 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
Page 76 and 77: Consolidated cash flow statement fo
Page 78 and 79: 2. Summary of significant accountin
Page 84 and 85: 3. Critical accounting estimates an
Page 86 and 87: 4. Revenue (continued) Transport re
Page 88 and 89: 10. Property, plant and equipment C
Page 90 and 91: 11. Intangible assets Cost 1 April
Page 92 and 93: Movement of investments in associat
Page 94 and 95: 14. Other investments (continued) (
Page 96 and 97: 18. Capital Capital represents the
Page 98 and 99: 22. Term loans Balance brought forw
Page 100 and 101: 24. Provisions (continued) (i) Fund
Page 102 and 103: 27. Trade and other payables Trade
Page 104 and 105: 32. Derivative financial instrument
Page 106 and 107: 34. Related party transactions The
Page 108 and 109: 35. Financial risk management Finan
Page 110 and 111: 35. Financial risk management (cont
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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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1. Establishment and operations Not
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2. Summary of significant accountin
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2. Summary of significant accountin
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8. Property, plant and equipment Co
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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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