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What is meant by noncurrent liabilities? Define it? And provide one NCL account for emirates

What is meant by noncurrent liabilities? Define it? And provide one NCL account for emirates

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What is meant by noncurrent liabilities? Define it? And provide one NCL account for emirates

 

 

pleas emake sue the answer is correcrt 100%

Consolidated Income Statement for the year ended 31 March 2018 Note 2018 2017 AEDm AEDm Revenue 91.225 83.832 Other operating income 1097 1251 Operating costs (8.236 (82,648) Operating profit 4,086 2435 Finance income 375 281 Finance costs (1.383) Share of results of investments accounted for using the equity method 13 155 157 Profit before income tax 3,023 1490 Income tax experse (44 (40) Profit for the year 2,979 1450 Profit attributable to non-controling interests 183 200 Profit attributable to Emirates' Owner 2,756 1250 Consolidated Statement of Comprehensive Income for the year ended 31 March 2018 Profit for the year 2,579 1,450 bems that will not be reclassified to the consolidated income statement Remeasurement of retirement benefit obligations 25 311 bems that are or may be redassified subsequently to the consolidated income statement Cumency translation diferences 19 Cash fow hedges 19 155 1038 Other comprehensive income for the year 150 1,349 Total comprehensive income for the year 3,129 2,799 Total comprehensive income attributable to non-controlling interests 183 200 Total comprehensive income attributable to Emirates' Owner 2,946 2,599
Transcribed Image Text:Consolidated Income Statement for the year ended 31 March 2018 Note 2018 2017 AEDm AEDm Revenue 91.225 83.832 Other operating income 1097 1251 Operating costs (8.236 (82,648) Operating profit 4,086 2435 Finance income 375 281 Finance costs (1.383) Share of results of investments accounted for using the equity method 13 155 157 Profit before income tax 3,023 1490 Income tax experse (44 (40) Profit for the year 2,979 1450 Profit attributable to non-controling interests 183 200 Profit attributable to Emirates' Owner 2,756 1250 Consolidated Statement of Comprehensive Income for the year ended 31 March 2018 Profit for the year 2,579 1,450 bems that will not be reclassified to the consolidated income statement Remeasurement of retirement benefit obligations 25 311 bems that are or may be redassified subsequently to the consolidated income statement Cumency translation diferences 19 Cash fow hedges 19 155 1038 Other comprehensive income for the year 150 1,349 Total comprehensive income for the year 3,129 2,799 Total comprehensive income attributable to non-controlling interests 183 200 Total comprehensive income attributable to Emirates' Owner 2,946 2,599
Consolidated Statement of Financial Position as at 31 March 2018 Note 2018 2017 Note 2018 2017 AED m AED m AED m AED m ASSETS EQUITY AND LIABILITIES Capital and reserves Capital Other reserves Retained earnings Attributable to Emirates' Owner Non-controlling interests Total equity Non-current assets Property, plant and equipment Intangible assets Investments accounted for using the equity method 11 85,951 86,898 18 801 801 12 1,496 1441 19 15 (141) 33.848 34,508 S86 35,638 13 662 676 36,454 592 Advance lease rentals 14 5,065 4,421 37,046 35,094 Loans and other receivables 15 172 238 Derivative financial instruments 35 60 38 Non-current liabilities Deferred income tax asset 29 11 10 Trade and other payables Borrowings and lease liabilities Deferred revenue 30 123 683 93,417 93,722 20 42.071 40.171 Current assets 27 1063 979 Inventories 16 2,387 2,238 Deferred credits 28 2,621 2227 Derivative financial instruments 35 26 192 Trade and other receivables 17 11,354 9,922 Provisions 24 4,067 3.825 Derivative financial instruments 35 9. 8 Deferred income tax lability 29 Short term bank deposits 33 14,745 6,706 49,975 48,082 Cash and cash equivalents 33 5,675 8.962 Current liabilities 34,170 27,836 Trade and other payables Income tax labilities Borrowings and lease liabilities Deferred revenue 30 29.303 25,193 Total assets 127,587 121,558 18 19 20 9,030 10,831 27 1180 1,486 Deferred credits 28 313 253 Derivative financial instruments 35 35 3 Provisions 24 687 597 40,566 38,382 Total liabilities Total equity and liabilities 90,541 86,464 127,587 121,558 The consolidated financial statements were approved on 3 May 2018 and signed by: Thunthy Cle Sheikh Ahmed bin Saeed Al-Maktoum Timothy Clark President Chairman and Chief Executive The accompanying notes are an integral part of these consolidated financial statements.
Transcribed Image Text:Consolidated Statement of Financial Position as at 31 March 2018 Note 2018 2017 Note 2018 2017 AED m AED m AED m AED m ASSETS EQUITY AND LIABILITIES Capital and reserves Capital Other reserves Retained earnings Attributable to Emirates' Owner Non-controlling interests Total equity Non-current assets Property, plant and equipment Intangible assets Investments accounted for using the equity method 11 85,951 86,898 18 801 801 12 1,496 1441 19 15 (141) 33.848 34,508 S86 35,638 13 662 676 36,454 592 Advance lease rentals 14 5,065 4,421 37,046 35,094 Loans and other receivables 15 172 238 Derivative financial instruments 35 60 38 Non-current liabilities Deferred income tax asset 29 11 10 Trade and other payables Borrowings and lease liabilities Deferred revenue 30 123 683 93,417 93,722 20 42.071 40.171 Current assets 27 1063 979 Inventories 16 2,387 2,238 Deferred credits 28 2,621 2227 Derivative financial instruments 35 26 192 Trade and other receivables 17 11,354 9,922 Provisions 24 4,067 3.825 Derivative financial instruments 35 9. 8 Deferred income tax lability 29 Short term bank deposits 33 14,745 6,706 49,975 48,082 Cash and cash equivalents 33 5,675 8.962 Current liabilities 34,170 27,836 Trade and other payables Income tax labilities Borrowings and lease liabilities Deferred revenue 30 29.303 25,193 Total assets 127,587 121,558 18 19 20 9,030 10,831 27 1180 1,486 Deferred credits 28 313 253 Derivative financial instruments 35 35 3 Provisions 24 687 597 40,566 38,382 Total liabilities Total equity and liabilities 90,541 86,464 127,587 121,558 The consolidated financial statements were approved on 3 May 2018 and signed by: Thunthy Cle Sheikh Ahmed bin Saeed Al-Maktoum Timothy Clark President Chairman and Chief Executive The accompanying notes are an integral part of these consolidated financial statements.
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