a)Based on the information above, calculate the following ratios for years 2018 and 2019.
- Times interest earned
- Non-current asset turnover
- Net profit margin
- Return on equity
AirAsia Group Berhad incorporated in Malaysia) Income statements For the financial year ended 31 December 2019 Group Note 2019 2018 RM OOO RM 800 Restated Revenue 4a) 11.850,403 10,638.296 Other income 4) 648,826 1,183,276 Operating expenses - Staff costs 5tal (1.876, 198) (1.689.918) - Depreciation of property. plant and equipment 11 (221,502) (584.748) - Depreciation of right-of- Use assets 30 (1.241,749) - Aircraft fuel expenses (4.204.771) (8.908,417) - Maintenance and overhaul (1.831 260 (938,369) - User charges 7 (1.758,689) (1.491.528) - Aircrat operating lease expenses (1.155.680) - Other operating expenses 6 1.150.485 (863 976 Operating profe 724,577 1.218.936 Finance income Ba 119.990 63,333 Finance costs 8(b) (775,733) (474.761) Net operating profit 68.834 807 508 Foreign exchange gains (los) 80 105,973 126.833 Fair value losses on derivatives 810 (247.5939 (200.173) Impairment of investment in a joint venture 13 (5.596) Impairment of other investment 15 15.438 Ganon disposal of investment in an associate 14 181.914 Remeasurement gain on ratained interest in a former Subsidiary 13 534.712 Share of results of joint ventures 11,083 Share of results of associates 39 (448.874) (115.610 (Lossyprofit before action carried forward (521,660) 1.385 233 AirAsia Group Berhad (Incorporated in Malaysia) Income statements For the financial year ended 31 December 2019 (contd.) Group Note 2019 2018 RM'000 RM'000 Restated (Lossyprofit before taxation brought forward (521,660) 1,335,233 Taxation . Current taxation 9 (34,8151 (38,965) - Deferred taxation 273.252 399, 126 238,437 300 181 Net loss profit for the financial year (283,223) 1,695,394 (315,8071 32,584 (283,223 1,967 006 (271,612) 1,695 394 Netlossyprofit for the financial year attributable to: . Owners of the Company - Non-controlling interests Eamings per share attributable to owners of the Company (sen) - Basic 10 . - Diluted 10 58.9 SR9 The accompanying accounting policies and explanatory notes for financial statements. 21 AirAsia Group Berhad incorporated in Malaysia) Statements of comprehensive income For the financial year ended 31 December 2019 Note Group 2019 2018 ROOD RIO (283,223) 1.695,394 498,597 (185.658) 79 (55,682) (7,378) (17,585) Net (bossyprofesor the financial year Other comprehensive income loss) Hems that may be subsequently reclassified to profit or loss Cash Sow hedges Share of other comprehensive income (loss) of an associate Foreign currency translation differences Net other comprehensive income loss) that may be reclassified to profit or loss in subsequent periods Hems that will not be subsequently reclassified to profit or loss Remeasurement gain on employee benefits ability net of tax Net movement on investment Securities 15 Net other comprehensive income loss) that may not be reclassified to profit or loss in subsequent periods 508.698 (258 875) 2,299 11.294 82052 (147.637 84,351 (136.343) (395.218) Other comprehensive income loss) for the Financial year, net of tax Total comprehensive income for the financial year 593.049 309,828 1,300,178 Total comprehensive income attributable to: - Owners of the Company 275,329 - Non-controlling interests 34,497 309,828 1.565,632 (265,456) 1.300,176 The accompanying accounting policies and explanatory notes form financial statements 22 AirAsia Group Berhad Incorporated in Malaysia) Statements of financial position As at 31 December 2019 Note Group 2019 2018 RM1000 RM"000 Restated Non-current assets 2.851,917 Property, plant and equipment 1,201,578 Right-of-use assets 30 11.215,954 Finance lease receivables 30 927,429 Investment in subsidiaries 12 Investment in joint ventures 13 Investment in associates 703,325 Investment securities 15 603,215 Intangible assets 16 635,024 Deferred tax assets 17 1.130,830 Receivables and prepayments 3,423,984 Deposits on aircraft purchase 19 252,293 Derivative financial instruments 20 208.725 20.302,355 583,854 282,738 477,860 815,413 891,445 3,067,583 578,002 383,111 9.731,923 106,325 1,394,970 146,085 1.133,011 293,571 344,038 230,479 398,215 267,311 432,709 404,139 Current assets Inventories 21 Receivables and prepayments 18 Finance lease receivables 30 Deposits on aircraft purchase 19 Derivative Snancial instruments 20 Amount due from a subsidiary 22 Amounts clue from associates 23 Amount dus from joint ventures 24 Amounts due from related parties Tax recoverable Deposits, cash and bank balances 26 Assets classified as held for sale 32 6.792 25 107,200 17,174 124,277 13,578 2,588,097 3,326,921 2.775,321 8.817,848 5.292,363 23 AirAsia Group Berhad Incorporated in Malaysia) Statements of financial position As at 31 December 2019 (conra) Group Note 2019 2015 ROOD RM000 Restated Less: Current liabilities Trade and other payables 27 2,175,150 2.325.995 Aircrat maintenance provisions and liabilities 28 572,312 522,071 Sales in advance 1,182.155 1,128,447 Amounts due to subsidiaries 22 Amounts due to associates 23 151,812 32,228 Amounts due to a joint venture 24 11,032 Amounts due to related parties 25 260,354 103,078 Borrowings 29 342,152 423,163 Lease Babilities 30 2.271.662 Tax payables 52.895 4,741 Derivative financial instruments 20 126,977 465.277 Listilles directly associated with the assets held for sale 32 1.834,328 7.135.489 6,850,358 Net current liabilities assets (1.843,105) 1.967.490 Non-current liabilities Other payables 27 320,455 396,946 Aircrat maintenance provisions and liabilities 28 4.720,621 3.960,731 Deferred tax liabilities 17 84279 59,905 Amounts due to associates 23 45,438 Borrowings 29 86.714 781,968 Lease liabilities 30 10.188.139 Derivative financial instruments 20 73,350 199,334 Provision for retirement benefits 31 74.951 69,830 15 548,509 5.514, 148 2.910,740 6.185.265 24 AirAsia Group Berhad (Incorporated in Malaysia) Statements of financial position As at 31 December 2019 (cont'd.) Note Group 2019 2018 RM"000 RM1000 Restated Capital and reserves Share capital Merger deficit Foreign exchange reserve Retained earnings Other reserves Total shareholders' fund Non-controlling interests Total equity 33 8,023,268 8.023.269 15,507,594) (5.507,594) 171,137 178,515 35 1,864,452 5,541,712 36 147,067 (451 447) 4.498,330 7.784,454 12 (1,587,590) (1.599,189) 2.910,740 6.185.205 The accompanying accounting policies and explanatory notes fo financial statements 25
