Annual Report 2008-2009 - Emirates.com
Annual Report 2008-2009 - Emirates.com
Annual Report 2008-2009 - Emirates.com
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Consolidated balance sheet<br />
as at 31 March <strong>2009</strong><br />
073<br />
<strong>Emirates</strong><br />
Note <strong>2009</strong><br />
<strong>2008</strong><br />
AED'000 AED'000<br />
ASSETS<br />
Non-current assets<br />
Property, plant and equipment 10 29,085,716<br />
21,368,506<br />
Intangible assets 11 923,420<br />
863,353<br />
Investments in associated <strong>com</strong>panies and joint ventures 12 441,068 614,670<br />
Advance lease rentals 13 192,103<br />
222,674<br />
Available-for-sale financial assets 14 113,112 1,847,833<br />
Held-to-maturity financial assets 14 -<br />
200,000<br />
Loans and other receivables 15 1,039,195<br />
1,227,508<br />
Derivative financial instruments 32 124,521 1,377,167<br />
Current assets<br />
31,919,135<br />
27,721,711<br />
Inventories 16 1,052,573<br />
751,290<br />
Trade and other receivables 17 7,108,926 7,179,559<br />
Available-for-sale financial assets 14 -<br />
96,000<br />
Held-to-maturity financial assets 14 200,000<br />
215,796<br />
Derivative financial instruments 32 -<br />
187,726<br />
Short term bank deposits 30 2,618,921 7,644,972<br />
Cash and cash equivalents 30 4,549,439<br />
2,714,940<br />
15,529,859 18,790,283<br />
Total assets 47,448,994<br />
46,511,994<br />
EQUITY AND LIABILITIES<br />
Capital and reserves<br />
Capital 18 801,214 801,214<br />
Reserves 19 15,608,732 15,885,617<br />
Attributable to <strong>Emirates</strong>' Owner 16,409,946<br />
16,686,831<br />
Minority interest 158,532<br />
156,039<br />
Total equity 16,568,478<br />
16,842,870<br />
Non-current liabilities<br />
Borrowings and lease liabilities 20 15,139,875 12,300,610<br />
Provisions 24 546,845 570,343<br />
Deferred credits 25 492,066<br />
600,064<br />
Deferred in<strong>com</strong>e tax liability 26 12,683<br />
19,950<br />
Trade and other payables 27 25,307<br />
12,578<br />
Derivative financial instruments 32 538,275 702,872<br />
Current liabilities<br />
16,755,051 14,206,417<br />
Trade and other payables 27 12,530,746 13,549,801<br />
In<strong>com</strong>e tax liabilities 22,834<br />
161,839<br />
Borrowings and lease liabilities 20 1,371,628 1,416,275<br />
Deferred credits 25 168,980 164,696<br />
Derivative financial instruments 32 31,277<br />
170,096<br />
14,125,465<br />
15,462,707<br />
Total liabilities 30,880,516 29,669,124<br />
Total equity and liabilities 47,448,994 46,511,994<br />
The consolidated financial statements were approved on the 11th day of May <strong>2009</strong> and signed by:<br />
Sheikh Ahmed bin Saeed Al-Maktoum Timothy Clark<br />
Chairman and Chief Executive President<br />
Notes 1 to 38 form an integral part of the consolidated financial statements.
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