Annual Report 2008-2009 - Emirates.com

Emirates
16. Inventories
094
Engineering 430,503
In-flight consumables 351,408
Consumer goods
176,612
Other 94,050
17. Trade and other receivables
Trade receivables - net of provision
2,146,456
Related parties (Note 34)
2,070,101
Prepayments 1,349,725
Advance lease rentals (Note 13)
30,655
Operating lease and other deposits
869,347
Other receivables
1,681,837
Below 3 months
3-6 months
Above 6 months
358,111
52,997
214,562
2,906,555
1,383,651
1,723,257
30,662
881,054
1,481,888
The impairment charge on trade receivables recognised in the consolidated income statement during the year mainly relates to
ticketing agents who are in unexpected difficult economic situations and are unable to meet their obligations under the IATA agency
programme. This charge is included in operating costs. Amounts charged to the provision account are written off when there is no
expectation of further recovery.
Movements in the provision for impairment of trade receivables are as follows:
2009 2008
AED'000 AED'000
1,052,573
8,148,121
Less: Receivables over one year (Note 15) (1,039,195)
7,108,926
351,726
244,078
84,954
70,532
751,290
8,407,067
(1,227,508)
7,179,559
2009 2008
AED'000 AED'000
Balance brought forward
101,022
78,939
Charge for the year
59,113
38,618
Unused amounts reversed
(52,150)
(17,548)
Amounts written off as uncollectible (15,486) (1,889)
Currency translation differences (8,145) 2,902
Balance carried forward
The other classes of trade and other receivables do not contain impaired assets.
84,354
101,022
The maximum exposure to credit risk of current trade and other receivables at the reporting date is the carrying value of each class
of receivable mentioned above.
Ageing of receivables that are past due but not impaired is as follows:
2009 2008
AED'000 AED'000
625,670
383,181
64,642
23,090
470,913