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Questions related to the Statement of Profit or Loss: Did Emirates make profit in 2019 and 2018? Was there an increase or decrease? Justify your

Questions related to the Statement of Profit or Loss:

  1. Did Emirates make profit in 2019 and 2018? Was there an increase or decrease? Justify your answers by providing the figures from the statement

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  1. 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?)

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3. 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.

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