Questions related to the Statement of Profit or Lossa. Revenue is the income generated from normal business operations. What is the business operation of Emirates (i.e. what do they do? Do they provide services or sell products? What is the service they provide or product they sell in order to generate revenues?).b. Did Emirates make profit in 2018 and 2017? Was there an increase or decrease? Justify your answers by providing the figures from the statement.c. Explain the Difference between Revenue and Other operating income – Provide one item that can be listed under Revenue and one item that can be listed under Other operating income of Emirates. You can refer to the corresponding Notes to the Financial Statements of Emirates..PLEASE MAKE SURE THE ANSWER IS CORRECT 100% 2. Statement of Financial positionNote2018201720182017AED mAEDAEDAEDmQUITY AND LIABLITESCapital and reserveCaptOther reerveaned eingsAttriutable to Emirates OwnerNon controlingYotaltyASSETSNon current assetsProperty, plant and equipmentIange aetsInvestments accounted for using the equitytod1185.951N01B01121.4961442915(141)13662845434.500592Advance lee reas145.005442137.046Loans and other receivatlesDerivative financial itumentsDefered income ta aet1517223835Non current lTrade and other payablesBorowingand eDeleeDelemred redDePovi6029111012391.41793.7222042,07140.171Current aetInventoresTrade and other receivables1063362.3728242126171135422244,067 ASDerivative financial itrumentsme tityShot term ban depostsCash and cash equvalents1474549.975S475Current eTrade and ther payalesome ta eswng eDeeredDeeed creDeriative24.301Tetal amets127,7181920279030LINOL48631364740544Total laes6.464Total ty and e127.The consolidated fanc tementsweroved on May 20 and vigned bySheh Amed bin Saeed AMaumTimothy ClarPesidentChaiman and Ohief EcutiveThe accompanying notes are an integral part of these consolidated financial statements Financial Reports1. Consolidated Income Statement - Refer to the Total Amount in both years to answerquestionsADADReenK25OerpngnoeOperating cosOperting profeFraoeFru eSad of nemeti acoeydISProft befure income texLANINonepeProft for the yearPot a encontoling meeProft abutable to Emiter OwnerLA200LIMhult fur te yLAnot be reclassfed t he olddi tReneasenent of retrenent beref ehem tat are or may be rdaiiCureny taaton en25www19LAMCa fow hednOther comprehenie inone for the yourTel comprehensive inone for the year19To comprehensire incone mbatie to non-corerolig iteetiTel comprehendive iom abletenites Oune

SOLUTION-A EMIRATES IS AN INTERNATIONAL AIRLINE COMPANY . IT IS AN AIR TRAVEL SERVICE PROVIDER . IT…

Questions related to the Statement of Profit or Loss a. Revenue is the income generated from normal business operations. What is the business operation of Emirates (i.e. what do they do? Do they provide services or sell products? What is the service they provide or product they sell in order to generate revenues?) . b. Did Emirates make profit in 2018 and 2017? Was there an increase or decrease? Justify your answers by providing the figures from the statement. c. Explain the Difference between Revenue and Other operating income – Provide one item that can be listed under Revenue and one item that can be listed under Other operating income of Emirates. You can refer to the corresponding Notes to the Financial Statements of Emirates.

Questions related to the Statement of Profit or Loss a. Revenue is the income generated from normal business operations. What is the business operation of Emirates (i.e. what do they do? Do they provide services or sell products? What is the service they provide or product they sell in order to generate revenues?) . b. Did Emirates make profit in 2018 and 2017? Was there an increase or decrease? Justify your answers by providing the figures from the statement. c. Explain the Difference between Revenue and Other operating income – Provide one item that can be listed under Revenue and one item that can be listed under Other operating income of Emirates. You can refer to the corresponding Notes to the Financial Statements of Emirates.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.1E

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