1)Calculation and interpretation for year 2018 and 2019 on the following ratios:
a. Profitability ratios
b. Liquidity ratios
c. Efficiency ratios
3) Explain on the companys both years; 2018 and 2019 financial performance.
The Digital Airline STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 Note Group 2018 RM OOO 4,571,376 2017 RM200 4.578,674 Company 2018 2017 RM 000 RM'OOO 4,568,277 4.575.558 Revenue Operating expenses - Stall costs - Depreciation of property, plant and equipment - Aircraft fuel expenses - Maintenance and overhaul - User charges - Aircraft operating tease expenses - Other operating expenses Other income Operating Closs/pront Finance income Finance costs Net operating clossy/profit Net foreign exchange gain Share of results of an associate Share of results of a joint venture Other losses (Los)/profit before taxation (422,845) (127.268) (1,876,060) (485,589) (508,121) (898,654) (464,398) 7,414 C203,945) 55.773 (70,611) (218,783) 16.011 (421259) (109.338) (1466,681) (652.922) (508 507) (944.599) (413 810) S1015 112.572 33.204 (61.224) (412,383) (127,260) (1,676,060) (485,389) (508,121) (898,654) (473.727) 7.414 (205,911) 55.773 (70,611) (408.982) (109.338) (1.466.680 (652.922) (SOB 507) (944.599) (422.668) 50.976 113.837 35.204 (61224) 9 84.552 106.517 (220,749) 16,112 85.817 106.504 9 16 10 (23,889) (23.889) (4.265) 186,804 (226,661) (228,526) 188,056 Taxation - Current taxation - Deferred taxation 11 11 (918) (73,903) (74,821) (6.405) (8150) (6,125) (81680) 172 (74,423) 251 (302.777) (87.805) (87.918) 98.836 (Los)/profit for the financial year (301.482) 100.251 (LOSS)/earnings per share (sen) - Basic - Diluted 12 24 07.3) (7.3) 24 The accompanying accounting policies and explanatory notes for an integral part of the financial statements 152 AirAsia X Berhad The Digital Airline STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 Note 2018 RM'000 2017 RM OOO 1595.903 Group Assets Non-current assets Property, plant and equipment Investment in an associate Investment in a joint venture Deferred tax assets Trade and other receivables Amount due from an associate Amount due from a joint venture 15 16 DER 385,753 1714,195 67,287 425664 1513,349 32305 44.030 21 2,792,199 365231 19 20 20 13,257 189,837 Current assets Inventones Trade and other receivables Amount due from an associate Amount due from related parties Derivative financial assets Tax recoverable Deposits. cash and bank balances 557 388 28,969 75 305 23.094 48,851 22 BOS 297,609 550.360 999,012 432.675 1105,949 Non-current assets held for sale 1.549,372 1,105.949 Total assets 4.341,571 4.764 180 714 586 676.245 96.8 1,102,512 24 Equity and liabilities Current liabilities Sales in advance Derivative financial abilities Trade and other payable Provision for taxation Amount due to an associate Amount due to a joint venture Amount due to related parties Borrowings 164.150 782 7,777 97 381 192,324 122.827 28-963 188.528 2.279.816 2.173.050 Net current liabilities (623,678) (13.867) 154 AirAsia X Berhad STATEMENTS OF FINANCIAL POSITION AS AT S1 DECEMBER 2012 (CONTD.) Note 2018 RMOOO 2017 RHOOD Group Non-current liabilities Derivative financial abilities Trade and other payables Borrowings Provision for aircraft maintenance 55.675 52.767 49472 L011.69 26 1594.85 2.767,905 98275 673.44 799.045 1555.75 775.574 S88606 Total liabaties Net assets 573,662 27 29 Equity attributable to equity holders of the Company Share capital Warrant reserve Other reserves Currency translation reserve Accumulated losses Total equity 1534,043 62.222 99,169) 5540 52.222 17 (607042) O 573.662 988. GOS The accompanying accounting policies and explanatory notes for an integral part of the financial statements Annual Report 2018 155 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2013 (CONTD.) Note 2018 BM000 2017 RM OOO company Non-current liabilities Derivative financial liabilities Trade and other payables Borrowings Provision for aircraft maintenance 18 24 25 33,675 52,767 494,728 1,013,689 93,275 673 442 789.043 Total liabilities Net assets 1,594,859 3,818,339 591,030 1555,758 3.898.138 1007.120 Equity attributable to equity holders of the Company Share capital Warrant reserve Other reserves Accumulated losses Total equity 27 29 29 1.534,043 62.222 (99,169) (906,056) 591,030 1534043 62.222 (795) (588350) 1007.120 * Less than RM1000 O The accompanying accounting policies and explanatory notes for an integral part of the financial statements Annual Report 2018 157 Annual Report 2015 AirAsia Berhad (200601014410) (754161.66 STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Note Group 2019 RM'OOO 4,233,344 2018 RMODO 4,571376 Company 2019 2018 RM OOO RMOOO 4,231,015 4.568.277 6 (429,016) (745,434) (1,680,688) (701,627) (431,335) (418.640) (755,567) (1,680,688) (701,627) (431,336) 8 Revenue Operating expenses Stall costs - Depreciation - Aircraft fuel expenses - Maintenance and overhaul -User charges - Aircraft operating lease expenses - Other operating expenses Other income Operating loss Finance income Finance costs Net operating loss Net foreign exchange gain Share of results of an associate Share of results of a joint venture Other losses Loss before taxation (422,845) (127.268) (1876,060) (485 389) (508,120 (898,654) (464398) 7.414 203.945) 55,773 (70.611 (218.78.3) 16.01 (406,734) 41,055 (120,436) 137.529 (364,911) (347,818) 42.914 (1,104) 10 10 (412,383) 0127.268) (1876,060) (4B5,389) (508 120 (298,654) (473.727) 7,414 (205.911 55.773 (70,610 (220 749) 16.112 (440,635) 23,209 (174,269) 137,441 (345,705) (382,534) 43,524 10 18 19 11 (23.889) (226 661) (23.889) (228.526) (306,000) (339,010) Taxation Current taxation Deferred taxation 12 12 495 (344,804) (344,309) (650,317) (918) (73.903) (74.820 (301482) 650 (344,174) (543.524) (682,534) 172 (74,423) (74 250 (302777) Lous for the financial year Loss per share (sen) - Basic Diluted (15.7) (15.73 15 (73) The accompanying accounting policies and explanatory notes for an integral part of the financial statements Annual Report 2019 Ata X Berhad ca.1016400CTAXO STATEMENTS OF FINANCIAL POSITION AS AT SI DECEMBER 2019 Note 2019 2018 Group RHODO RHOOO 4,859,771 342.045 Assets Non-current assets Property, plant and equipment Right-of-use assets Finance to receivables Investment in an associate Investment in a joint venture Deferred tax assets Trade and other receivables Amount due from an associate Derivative tinancial assets 15 16 1 19 20 754 195 135 50.165 un 8.065.568 21 2792.199 1995 Current assets Inventores Trade and other receivables Amount due from an associate Amount due from a joint venture Amount due from related parties Finance leave receivables Derivative financial assets Tax recoverable Deposits.cash and bank balonces 13.102 671902 117.772 4,501 119.328 170.631 24 24 SI 16 21 1481 25 157.961 1,501293 306 297.609 550 360 Non-current assets hold for sale Total assets 1,501293 9,566.661 234051 217 697.06 730,725 2.317 21 Equity and liabilities Current liabilities Sales in advance Derivative financial abilities Trade and other payables Amount due to an associate Amount due to related parties Borrowing Provision for aircraft maintenanc LOBL631 30,615 BG0.070 54,101 2.58540 (1.080,347 2.173 OSO Net current liabilities 94 Arax Beta (20060101440 (7543010 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 Note 2019 RM OOO 2018 RHOOD Group (contd.) Non-current liabilities Derivative financial abilities Trade and other payables Borrowings Provision for aircraft maintenance 21 27 3,541 52.925 5.405 541 8285 29 33675 52.767 49472 LO 689 1594859 3.767 909 573652 Total liabilities Net assets 9.428.932 137.929 Equity attributable to equity holders of the Company Share capital Warrant reserve Other reserves Currency translation reserve Accumulated losses Total equity 30 31 31 1514045 62.222 996) 1.534,043 52.222 30.452 es 11.488,877) 127.929 1923.663) 573.662 The accompanying accounting policies and explanatory notes forma integral part of the financial statements Annual Report 2017 95 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 Note 2019 RM'000 2018 RM OOO 624964 15 623.445 5,041,965 842,043 Company Assets Non-current assets Property, plant and equipment Right-of-use assets Finance fease receivables Investments in subsidiaries Investment in an associate Investment in a joint venture Deferred to asses Trade and other recevables Amount due from an associate Derivative financial assets 20.018 12 18 19 20 25 385,108 1714,195 67287 1,588,633 50,165 1,311 8,147,766 21 2. BIL572 22 24 13.257 189,760 33.464 15,662 Current assets Inventories Trade and other receivables Amount due from subsidiaries Amount doe from an associate Amount due from a joint venture Amount due from related parties Finance lease receivables Denvative financial assets Tax recoverable Deposits cash and bank balances 24 24 13,102 671,802 134,229 16.568 4.S01 119,328 170,631 44,615 1616 337,947 1.514,339 48,051 21 25 Non-current assets held for sale 26 1641 296.150 598.785 999012 1597.792 4,409,369 1.514,339 9,662,105 Total assets 96 AirAsia X Berhad (2006010) (734181-60 Annual Report 200 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 Note 2019 RM'ODO 2018 RM'OOO Company (contd.) Equity and liabilities Current abilities Sales in advance Derivative financial liabilities Trade and other payables Amount due to subsidiaries Amount due to an associate Amount due to related parties Borrowings Provision for bircraft maintenance 2.17 21 27 730,725 2,317 811,539 2,898 26,622 33,084 876.590 134, 101 2,617,676 (1,103,537) 697.120 96.8 1078906 1688 56.902 99,723 192,324 24 28 29 2.223.480 (625.683) Net current liabilities Non-current liabilities Derivative financial abilities Trade and other payables Borrowings Provision for aircraft maintenance 21 27 28 29 3.541 52,925 5.479,458 1,385285 6.921.209 9.539,085 123,020 33.675 52.767 494,728 101.689 1594859 3.815,339 591030 Total liabilities Net assets 30 51 31 Equity attributable to equity holders of the Company Share capital Warrant reserve Other reserves Accumulated losses Total equity Less than RM1000 1.534,043 52.222 30,452 0,503,697) 123.020 1534043 62.222 (99,1699 (906.066) 591030 The accompanying accounting policies and explanatory notes form an integral part of the financial statements The Digital Airline STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 Note Group 2018 RM OOO 4,571,376 2017 RM200 4.578,674 Company 2018 2017 RM 000 RM'OOO 4,568,277 4.575.558 Revenue Operating expenses - Stall costs - Depreciation of property, plant and equipment - Aircraft fuel expenses - Maintenance and overhaul - User charges - Aircraft operating tease expenses - Other operating expenses Other income Operating Closs/pront Finance income Finance costs Net operating clossy/profit Net foreign exchange gain Share of results of an associate Share of results of a joint venture Other losses (Los)/profit before taxation (422,845) (127.268) (1,876,060) (485,589) (508,121) (898,654) (464,398) 7,414 C203,945) 55.773 (70,611) (218,783) 16.011 (421259) (109.338) (1466,681) (652.922) (508 507) (944.599) (413 810) S1015 112.572 33.204 (61.224) (412,383) (127,260) (1,676,060) (485,389) (508,121) (898,654) (473.727) 7.414 (205,911) 55.773 (70,611) (408.982) (109.338) (1.466.680 (652.922) (SOB 507) (944.599) (422.668) 50.976 113.837 35.204 (61224) 9 84.552 106.517 (220,749) 16,112 85.817 106.504 9 16 10 (23,889) (23.889) (4.265) 186,804 (226,661) (228,526) 188,056 Taxation - Current taxation - Deferred taxation 11 11 (918) (73,903) (74,821) (6.405) (8150) (6,125) (81680) 172 (74,423) 251 (302.777) (87.805) (87.918) 98.836 (Los)/profit for the financial year (301.482) 100.251 (LOSS)/earnings per share (sen) - Basic - Diluted 12 24 07.3) (7.3) 24 The accompanying accounting policies and explanatory notes for an integral part of the financial statements 152 AirAsia X Berhad The Digital Airline STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 Note 2018 RM'000 2017 RM OOO 1595.903 Group Assets Non-current assets Property, plant and equipment Investment in an associate Investment in a joint venture Deferred tax assets Trade and other receivables Amount due from an associate Amount due from a joint venture 15 16 DER 385,753 1714,195 67,287 425664 1513,349 32305 44.030 21 2,792,199 365231 19 20 20 13,257 189,837 Current assets Inventones Trade and other receivables Amount due from an associate Amount due from related parties Derivative financial assets Tax recoverable Deposits. cash and bank balances 557 388 28,969 75 305 23.094 48,851 22 BOS 297,609 550.360 999,012 432.675 1105,949 Non-current assets held for sale 1.549,372 1,105.949 Total assets 4.341,571 4.764 180 714 586 676.245 96.8 1,102,512 24 Equity and liabilities Current liabilities Sales in advance Derivative financial abilities Trade and other payable Provision for taxation Amount due to an associate Amount due to a joint venture Amount due to related parties Borrowings 164.150 782 7,777 97 381 192,324 122.827 28-963 188.528 2.279.816 2.173.050 Net current liabilities (623,678) (13.867) 154 AirAsia X Berhad STATEMENTS OF FINANCIAL POSITION AS AT S1 DECEMBER 2012 (CONTD.) Note 2018 RMOOO 2017 RHOOD Group Non-current liabilities Derivative financial abilities Trade and other payables Borrowings Provision for aircraft maintenance 55.675 52.767 49472 L011.69 26 1594.85 2.767,905 98275 673.44 799.045 1555.75 775.574 S88606 Total liabaties Net assets 573,662 27 29 Equity attributable to equity holders of the Company Share capital Warrant reserve Other reserves Currency translation reserve Accumulated losses Total equity 1534,043 62.222 99,169) 5540 52.222 17 (607042) O 573.662 988. GOS The accompanying accounting policies and explanatory notes for an integral part of the financial statements Annual Report 2018 155 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2013 (CONTD.) Note 2018 BM000 2017 RM OOO company Non-current liabilities Derivative financial liabilities Trade and other payables Borrowings Provision for aircraft maintenance 18 24 25 33,675 52,767 494,728 1,013,689 93,275 673 442 789.043 Total liabilities Net assets 1,594,859 3,818,339 591,030 1555,758 3.898.138 1007.120 Equity attributable to equity holders of the Company Share capital Warrant reserve Other reserves Accumulated losses Total equity 27 29 29 1.534,043 62.222 (99,169) (906,056) 591,030 1534043 62.222 (795) (588350) 1007.120 * Less than RM1000 O The accompanying accounting policies and explanatory notes for an integral part of the financial statements Annual Report 2018 157 Annual Report 2015 AirAsia Berhad (200601014410) (754161.66 STATEMENTS OF PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Note Group 2019 RM'OOO 4,233,344 2018 RMODO 4,571376 Company 2019 2018 RM OOO RMOOO 4,231,015 4.568.277 6 (429,016) (745,434) (1,680,688) (701,627) (431,335) (418.640) (755,567) (1,680,688) (701,627) (431,336) 8 Revenue Operating expenses Stall costs - Depreciation - Aircraft fuel expenses - Maintenance and overhaul -User charges - Aircraft operating lease expenses - Other operating expenses Other income Operating loss Finance income Finance costs Net operating loss Net foreign exchange gain Share of results of an associate Share of results of a joint venture Other losses Loss before taxation (422,845) (127.268) (1876,060) (485 389) (508,120 (898,654) (464398) 7.414 203.945) 55,773 (70.611 (218.78.3) 16.01 (406,734) 41,055 (120,436) 137.529 (364,911) (347,818) 42.914 (1,104) 10 10 (412,383) 0127.268) (1876,060) (4B5,389) (508 120 (298,654) (473.727) 7,414 (205.911 55.773 (70,610 (220 749) 16.112 (440,635) 23,209 (174,269) 137,441 (345,705) (382,534) 43,524 10 18 19 11 (23.889) (226 661) (23.889) (228.526) (306,000) (339,010) Taxation Current taxation Deferred taxation 12 12 495 (344,804) (344,309) (650,317) (918) (73.903) (74.820 (301482) 650 (344,174) (543.524) (682,534) 172 (74,423) (74 250 (302777) Lous for the financial year Loss per share (sen) - Basic Diluted (15.7) (15.73 15 (73) The accompanying accounting policies and explanatory notes for an integral part of the financial statements Annual Report 2019 Ata X Berhad ca.1016400CTAXO STATEMENTS OF FINANCIAL POSITION AS AT SI DECEMBER 2019 Note 2019 2018 Group RHODO RHOOO 4,859,771 342.045 Assets Non-current assets Property, plant and equipment Right-of-use assets Finance to receivables Investment in an associate Investment in a joint venture Deferred tax assets Trade and other receivables Amount due from an associate Derivative tinancial assets 15 16 1 19 20 754 195 135 50.165 un 8.065.568 21 2792.199 1995 Current assets Inventores Trade and other receivables Amount due from an associate Amount due from a joint venture Amount due from related parties Finance leave receivables Derivative financial assets Tax recoverable Deposits.cash and bank balonces 13.102 671902 117.772 4,501 119.328 170.631 24 24 SI 16 21 1481 25 157.961 1,501293 306 297.609 550 360 Non-current assets hold for sale Total assets 1,501293 9,566.661 234051 217 697.06 730,725 2.317 21 Equity and liabilities Current liabilities Sales in advance Derivative financial abilities Trade and other payables Amount due to an associate Amount due to related parties Borrowing Provision for aircraft maintenanc LOBL631 30,615 BG0.070 54,101 2.58540 (1.080,347 2.173 OSO Net current liabilities 94 Arax Beta (20060101440 (7543010 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 Note 2019 RM OOO 2018 RHOOD Group (contd.) Non-current liabilities Derivative financial abilities Trade and other payables Borrowings Provision for aircraft maintenance 21 27 3,541 52.925 5.405 541 8285 29 33675 52.767 49472 LO 689 1594859 3.767 909 573652 Total liabilities Net assets 9.428.932 137.929 Equity attributable to equity holders of the Company Share capital Warrant reserve Other reserves Currency translation reserve Accumulated losses Total equity 30 31 31 1514045 62.222 996) 1.534,043 52.222 30.452 es 11.488,877) 127.929 1923.663) 573.662 The accompanying accounting policies and explanatory notes forma integral part of the financial statements Annual Report 2017 95 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 Note 2019 RM'000 2018 RM OOO 624964 15 623.445 5,041,965 842,043 Company Assets Non-current assets Property, plant and equipment Right-of-use assets Finance fease receivables Investments in subsidiaries Investment in an associate Investment in a joint venture Deferred to asses Trade and other recevables Amount due from an associate Derivative financial assets 20.018 12 18 19 20 25 385,108 1714,195 67287 1,588,633 50,165 1,311 8,147,766 21 2. BIL572 22 24 13.257 189,760 33.464 15,662 Current assets Inventories Trade and other receivables Amount due from subsidiaries Amount doe from an associate Amount due from a joint venture Amount due from related parties Finance lease receivables Denvative financial assets Tax recoverable Deposits cash and bank balances 24 24 13,102 671,802 134,229 16.568 4.S01 119,328 170,631 44,615 1616 337,947 1.514,339 48,051 21 25 Non-current assets held for sale 26 1641 296.150 598.785 999012 1597.792 4,409,369 1.514,339 9,662,105 Total assets 96 AirAsia X Berhad (2006010) (734181-60 Annual Report 200 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2019 Note 2019 RM'ODO 2018 RM'OOO Company (contd.) Equity and liabilities Current abilities Sales in advance Derivative financial liabilities Trade and other payables Amount due to subsidiaries Amount due to an associate Amount due to related parties Borrowings Provision for bircraft maintenance 2.17 21 27 730,725 2,317 811,539 2,898 26,622 33,084 876.590 134, 101 2,617,676 (1,103,537) 697.120 96.8 1078906 1688 56.902 99,723 192,324 24 28 29 2.223.480 (625.683) Net current liabilities Non-current liabilities Derivative financial abilities Trade and other payables Borrowings Provision for aircraft maintenance 21 27 28 29 3.541 52,925 5.479,458 1,385285 6.921.209 9.539,085 123,020 33.675 52.767 494,728 101.689 1594859 3.815,339 591030 Total liabilities Net assets 30 51 31 Equity attributable to equity holders of the Company Share capital Warrant reserve Other reserves Accumulated losses Total equity Less than RM1000 1.534,043 52.222 30,452 0,503,697) 123.020 1534043 62.222 (99,1699 (906.066) 591030 The accompanying accounting policies and explanatory notes form an integral part of the financial statements
