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Analysis on the Financial Statements Of Emirates Airlines for the Year 2010-2011 Emirates Airline is an airline based in the Emirate of Dubai. It is a part of the Emirates Group along with Dnata. Dnata is the largest travel management services company based in the U.A.E. This analysis is restricted to Emirates Airlines only. Emirates Airline is an international carrier based in Dubai International Airport. Emirates started its first operations in March 1985 with the backing of Dubai’s Royal family. It is headed by Sheikh Ahmed bin Saeed Al Maktoum the CEO and Chairman.Its subsidiaries include Arabian Adventures, Congress solutions who provide administrative services, Emirates Holidays and Emirates Tours. Except the second year the Aircraft has recorded a profit every year, even through the turbulent 2008-2009 fiscal. Emirates SkyCargo is the air freight division of the airline, they have been ion operation since October 1985, since then they have been the main freight provider in the Middle East.
The financial year of Emirates Group is from 1s April to 31st March.
All figures are in AED.
The exchange rate of Dirham to USD dollar is fixed at 3.67.
The audit has been done by Price Water House Coopers.

The Auditor has given an Unqualified Report. As per their report, Emirates has consolidated their financial statements as of 31st march, 2011. It is fair in all material respects. The financial performance and its cash flows for this year ended in accordance with international financial reporting standards.

Balnce Sheet Anlysis
They have a capital of 801m AED which has remained the same for the past two years.. Their retained earnings have increased by 25% to 20459m AED. The total equity has increased from 17475 to 20902m AED. Current liabilities are a total of 20498m AED and their trade and payables were 17551m AED. This consists of Trade payables and

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