Based on the financial statement :

1) How do you know (or which page can I find) that Airasia has recorded RM6.5 billion loss in comprehensive income ?

2)How do you know (or which page can I find) that AirAsias current ratio is 0.3?

3) How do you know (or which page can I find) that Airasia's Cashflow dropped by 2 billion leaving only 400 mil in positive cashflow?

4)How do you know (or which page can I find) that AirAsia also has a 3 billion more liabilities than assets?

INCOME STATEMENTS For the financial year ended 31 December 2019 Note Group 2019 2018 RM'000 RM'000 Restated Company 2019 2018 RM'000 RM'000 4(a) 4(b) 11,860,403 10,638,296 648.826 1,193,276 3,011 253 3.128,025 (64,106) (46,410) Revenue Other income Operating expenses - Staff costs - Depreciation of property, plant and equipment - Depreciation of right-of-use assets - Aircraft fuel expenses - Maintenance and overhaul - User charges - Aircraft operating lease expenses - - Other operating expenses 5(a) 11 30 (1,876,196) (1,669,918) (221,502) (584.748) (1,241.749) (4,204.771) (3,908,417) (1,331,260) (938,369) (1,758,689) (1,491,528) (1,155,680) (1,150,485) (863,976) 7 6 (24.295) (5,062) Operating profit Finance income Finance costs 724,577 119,990 (775,733) 8(a) 8(b) 1,218,936 63,333 (474,761) 2,922,852 18.733 (2) 3,076,553 3 68,834 105,973 (247,593) 2,941,583 (3,707) 3,076,556 (663) Net operating profit Foreign exchange gains/(loss) Fair value losses on derivatives Impairment of investment in a joint venture Impairment of other investment Gain on disposal of investment in an associate Remeasurement gain on retained interest in a former subsidiary Share of results of joint ventures Share of results of associates 8(0) 8(d) 13 15 14 13 807,50B 126,833 (200,173) (5,596) (5,438) 181,914 534,712 11,083 (115,610) 39 (448.874) (521,660) 1,335,233 2,937,876 3,075,893 (Loss)/profit before taxation Taxation - Current taxation - Deferred taxation 9 9 (34,815) 273.252 (38.965) 399.126 238,437 360,161 Net (loss)/profit for the financial year (283,223) 1,695,394 2,937,876 3,075,893 Net (loss)/profit for the financial year attributable to: Owners of the Company - Non-controlling interests (315,807) 1.967,006 32,584 (271,612) (283,223) 1.695,394 MORE THAN JUST AN AIRLINE Earnings per share attributable to owners of the Company (sen) - Basic - Diluted 10 10 (9.4) (9.4) 58.9 58.9 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 218 STATEMENTS OF COMPREHENSIVE INCOME For the financial year ended 31 December 2019 FINANCIAL STATEMENTS Note Group Company 2019 2018 2019 2018 RM'000 RM'000 RM'000 RM'000 (283,223) 1,695,394 2,937,876 3.075,893 Net (loss)/profit for the financial year Other comprehensive Income/(loss) Items that may be subsequently reclassified to profit or loss Cash flow hedges Share of other comprehensive income of an associate Foreign currency translation differences 14 498,597 17,479 (7.378) (185,658) (55,682) (17,535) Net other comprehensive income/(loss) that may be reclassified to profit or loss in subsequent periods 508,698 (258,875) Items that will not be subsequently reclassified to profit or loss Remeasurement gain on employee benefits liability, net of tax Net movement on investment securities 2,299 82,052 11,294 (147,637) 15 121,650 (61,305) Net other comprehensive income/(loss) that may not be reclassified to profit or loss in subsequent periods 84,351 (136,343) 121,650 (61,305) Other comprehensive income/(loss) for the financial year, net of tax 593,049 (395,218) 121,650 (61,305) Total comprehensive income for the financial year 309,826 1,300.176 3,059,526 3.014,588 Total comprehensive income attributable to: - Owners of the Company - Non-controlling interests 275,329 34,497 1.565,632 (265,456) 309.826 1,300,176 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. AIRASIA GROUP BERHAD AR SUA RESORT 2010 219 STATEMENTS OF FINANCIAL POSITION As at 31 December 2019 Note Group 2019 2018 RM'OOO RM'OOO Restated Company 2019 2018 RM'000 RM'Ooo Non-current assets - 1,201.576 2,851,917 11,215,954 927,429 8,258,716 8,055,838 Property, plant and equipment Right-of-use assets Finance lease receivables Investment in subsidiaries Investment in joint ventures Investment in associates Investment securities Intangible assets Deferred tax assets Receivables and prepayments Deposits on aircraft purchase Derivative financial instruments 11 30 30 12 13 14 15 16 17 18 19 20 313,160 200,475 703,325 603,215 635,024 1.130,830 3,423,984 252,293 208,725 583,854 282,738 477,860 615,413 891,445 3,067,583 578,002 383,111 20,302,355 9,731,923 8,571,876 8,256,313 Current assets 106,326 1,394,970 47 146,086 1.133,011 293.571 344.036 230,479 2.724 - 21 18 30 19 20 22 23 24 25 398,215 267.311 Inventaries Receivables and prepayments Finance lease receivables Deposits an aircraft purchase Derivative financial instruments Amount due from a subsidiary Amounts due from associates Amounts due from joint ventures Amounts due from related parties Tax recoverable Deposits, cash and bank balances Assets classified as held for sale 250 286.873 49.599 432.709 384 107.200 17.174 2,588,097 404,139 6.792 124,277 13,578 3,326,921 2,775,321 41.126 1,357,538 26 32 5,292,363 8,817.848 380,706 1,357,835 MORE THAN JUST AN AIRLINE 220 FINANCIAL STATEMENTS Note Group 2019 2018 RM'000 RM'OOO Restated Company 2019 2018 RM'000 RM'OOO Less: Current liabilities 771 27 28 2,175,150 572,312 1,182.155 2,325,995 522,071 1,128,447 1,838 - - 313,354 151.812 8 Trade and other payables Aircraft maintenance provisions and liabilities Sales in advance Amounts due to subsidiaries Amounts due to associates Amounts due to a joint venture Amounts due to related parties Borrowings Lease liabilities Tax payables Derivative financial instruments Liabilities directly associated with the assets held for sale 22 23 24 25 29 30 32.228 11,032 103,078 423,163 260,354 342,152 2,271,662 52,895 126,977 20 32 4.741 465,277 1,834,326 7,135,469 6,850,358 1,846 314,125 Net current (liabilities)/assets ) (1,843, 106) 1,967,490 378,860 1,043,710 Non-current liabilities 27 28 320,455 4,720,621 84,279 Other payables Aircraft maintenance provisions and liabilities Deferred tax liabilities Amounts due to associates Borrowings Lease liabilities Derivative financial instruments Provision for retirement benefits 396,946 3,960,731 59,905 45,436 781,965 17 23 29 30 20 31 86,714 10,188,139 73,350 74.951 199,334 69.830 15,548,509 5,514.148 2,910,740 6,185,265 8.950,736 9.300,023 Capital and reserves 8,023.268 8,023,268 33 34 Share capital Merger deficit Foreign exchange reserve Retained earnings Other reserves 8,023,268 8,023,268 (5,507,594) (5,507,594) 171.137 178,515 1,664,452 5,541,712 147,067 (451,447) 35 36 867.123 60,345 1.338,060 (61,305) 8,950,736 9,300,023 Total shareholders' fund Non-controlling interests 12 4,498,330 7,784,454 (1,587,590) (1,599,189) Total equity 2,910,740 6,185,265 8,950.736 9.300,023 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. AIRASIA GROUP BERHAD ANNUAL REPORT 2019 221 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the financial year ended 31 December 2019 Number of shares *000 Attributable to owners of the Company - Non-distributable------------> Distributable Merger Foreign Share reserve/ exchange Other Retained capital (deficit) reserve reserves earnings RM'OOO RM'000 RM'000 RM'000 RM'000 (Note 33) (Note 34) (Note 36) (Note 35) Total RM'000 Non- controlling Interests RM'000 Total equity RM"000 3,341,974 8,023,268 (5.507,594) 178.515 (451,447) 5,541,712 7.784,454 (1,599,189) 6,185,265 At 1 January 2019 As previously stated Effects of changes in accounting policy (Note 2.2) (152,640) (152,640) (22,898) (175,538) 3,341,974 8,023,268 (5,507.594) 178.515 (451,447) 5,389,072 (315,807) 7,631,814 (1,622,007) 6,009.727 (315,807) 32,584 (283,223) As restated Net loss for the financial year Other comprehensive (loss)/ income Total comprehensive Class/ (7.378) 598,514 591,136 1,913 593.049 income (7.378) 598.514 (315,807) 275,329 34,497 309,826 Transactions with owners: Dividends (Note 37) (3.408,813) (3.408,813) (3,408,813) At 31 December 2019 3,341,974 8,023 268 (5,507 594) 171.137 147,067 1.664,452 4,498,330 (1,587,590) 2,910,740 # 2,515,278 195,050 (67.608) 5.404,393 8,048,113 (1,338,033) At 1 January 2018 As previously stated Effects of changes in accounting policy 6,710.000 (11,175) (11,175) 1,565 (9.510) As restated 2,515,278 196,050 (67,606) 5.393,218 8,036,938 (1,336,468) 6,700.470 1.967,006 Net profit/Closs) for the financial year Other comprehensive loss Total comprehensive Class/ income 1,967,006 (401,374) (383,839) (271,612) 1,695,394 6,156 (395,218) (17.535) (17,535) (383,839) 1.967,006 1,565,632 (265,456) 1,300,176 3,341,974 8,023,258 (8,022.872) 396 (1,737,827) (1.737,827) 396 (1,737,827) Transactions with owners: Issuance of shares pursuant to internal reorganisation (Note 33) Dividends (Note 37) Acquisition of non-controlling interest in subsidiaries (Note 12) Dilution of interest in a subsidiary (Note 12) (84.789) (84,789) 6,839 (77.950) 4,104 4,104 (4 104) MORE THAN JUST AN AIRLINE At 31 December 2018 3,341,974 8,023,268 (5,507,594) 178.515 (451,447) 5,541,712 7.784,454 (1,599,189) 6,185.255 " Represents RM2 *** Represents 2 shares. The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 222 STATEMENT OF CHANGES IN EQUITY For the financial year ended 31 December 2019 FINANCIAL STATEMENTS Number of shares "000 Share capital Total equity RM'000 RM'000 (Note 33) (Accumulated losses)/ Fair value retained reserve earnings RM'000 RM'000 (Note 36) ) (Note 35) (6) 3,075,893 (61,305) (61,305) 3,075,887 At 1 January 2018 Net profit for the financial year Other comprehensive loss Total comprehensive (loss)/income (6) 3,075,893 (61,305) 3,014,582 - Issuance of shares pursuant to internal reorganisation (Note 33) Dividends (Note 37) 3,341,974 8,023,268 8,023,268 (1.737.827) (1,737,827) 3,341,974 8,023,268 At 31 December 2018 Net arofit for the financial year Other comprehensive income Total comprehensive income (61,305) 1,338,060 2.937.876 121.650 60.345 4,275,936 9.300,023 2.937,876 121,650 12,359,549 3,341,974 8,023,268 Dividends (Note 37) (3,408,813) (3,408,813) At 31 December 2019 3,341,974 8,023,268 60.345 867.123 8.950,736 * Represents RM2 *** Represents 2 shares The accompanying accounting policies and explanatory notes form an integral part of the financial statements. AIRASIA GROUP BERMAID 223 ANNUAL REPORT 2019 STATEMENTS OF CASH FLOW For the financial year ended 31 December 2019 Note Group 2019 2018 RM'OOO RM'000 Company 2019 2018 RM'000 RM'000 Cash flows from operating activities (521,660) 1,335,233 2,937,876 3.075,893 11 4(b) 11 221,502 (101,544) 879 584,748 (298,816) 31,836 30 4(b) 16 1,241,749 (22,458) 471 611 5,415 6 6 13 15 70,325 28,133 5,596 5,438 (6,330) (3,078) (Loss)/profit before taxation Adjustments for: Property, plant and equipment - Depreciation - Gain on disposals - Write off Right-of-use assets - Depreciation - Gain on derecognition Amortisation of intangible assets Impairment of: - trade receivables - related parties - investment in a joint venture -investment securities Dividend income from: - investment securities - a subsidiary Share of results of - joint ventures - associates Gain on disposal of investment in: - a subsidiary - an associate Gain on remeasurement of: retained interest in a former subsidiary Provision for retirement benefits Aircraft maintenance provisions Fair value losses on derivatives Net unrealised foreign exchange (gain)/loss Interest expense Interest expense - Lease liabilities Interest income Interest income - Finance lease receivables 4(b) 4(b) (3,253) (3,007.776) (3,128,025) (11,083) 115,610 39 448,874 4(b) 14 (350,317) (181,914) 13 28 8(d) (534,712) 17.725 539,728 200.173 (138,704) 474.761 2,359 16,343 608,692 247.593 (125,146) 272.640 503,093 (58,588) (61,402) 549 8(b) 8(b) 8(a) 8(a) (63,333) (18,733) 2,670,123 1,827,960 (89.527) (51,583) Changes in working capital: Inventories Receivables and prepayments Payables and provisions Sales in advance Amounts due from/to subsidiaries, associates, joint venture and related parties (38,547) 154,254 (167,507) 41,555 (38,843) (949,355) 39,074 164 144 (2,677) 1,067 (47) 765 MORE THAN JUST AN AIRLINE 15,918 (396,831) (651,531) 50,775 Cash generated from/(used in) operations carried forward 2,675,796 646,149 (742.668) (90) 224 FINANCIAL STATEMENTS Note Group 2019 2018 RM'000 RM'000 Company 2019 2018 RM'000 RM'Ooo Cash flows from operating activities (cont'd.) 646.149 (323,126) (742,668) (90) Cash generated from/(used in operations brought forward Interest paid Interest paid - Lease liabilities Interest received Interest received - Finance lease receivables Taxes refunded/(paid) Retirement benefits paid 2,675.796 (192,968) (503,093) 37,348 61.402 9,741 (7,099) 78,43 18.233 - (44,988) (3,385) 2,081,127 353,081 (724,435) (90) Net cash from/(used in) operating activities Cash flows from investing activities 16 13 (295,686) (1,123,720) 4,799,035 9,815,005 (10,278) (6,695) 352,695 (39,287) (41,426) 417,900 14 245,754 (70,539) (150) 8.625 (8.821) (19.143) (41,405) 8.966 Property, plant and equipment - Additions - Proceeds from disposals Addition in intangible assets Net cash inflow from partial disposal of interest in a subsidiary Additional deposit for aircraft purchases Refund of deposit for aircraft purchases Proceeds from disposal of: - an associate Net changes: Deposits pledged as securities and restricted cash Deposits with licensed banks with maturity period of more than 3 months Investment securities Dividend received from: - Investment securities - subsidiary -associates Acquisition of: - subsidiaries net of cash acquired - other investments non-controlling interest in subsidiaries Additional subscription of shares in - subsidiaries - associate - joint venture Loans to an associate Receipt of principal portion of finance lease receivables 4(b) 6,330 3,078 3.253 3,007,776 3.128,025 167,918 12 (3,415) (34.482) (32.570) (26.217) (77.944) 12 (202.878) 12 14 13 (280,482) (175,245) (23,200) (165,375) 336,920 Net cash from investing activities 4,660.444 9,049,304 2.817.117 3.095,455 BERHAD ANNUAL REPORT 2019 STATEMENTS OF CASH FLOW For the financial year ended 31 December 2019 (CONTD.) Note Group 2019 2018 RM'OOO RM'000 Company 2018 RM'000 RM'Ooo 2019 Cash flows from financing activities Proceeds from borrowings Repayment of borrowings Payment of principal portion of lease liabilities Dividends paid to shareholders 710.724 1,203,073 (3,300,640) (7,551,916) (1,585,087) (3,408,813) (1,737,827) (3,408,813) (1,737,827) Net cash used in financing activities (7,583,816) (8,086,670) (3,408,813) (1,737.827) Net (decrease)/increase for the financial year (842.245) 1,315,715 (1.326,131) 1,357,538 Currency translation differences 41,507 109,718 (281) Cash and cash equivalents at beginning of the financial year 3,293,014 1,867,581 1,357.538 Cash and cash equivalents at end of the financial year 2.492,275 3,293,014 41.126 1,357,538 For the purposes of the cash flow statements, cash and cash equivalents include the following: Note Group 2019 2018 RM'000 RM'000 Company 2019 2018 RM'000 RM000 2,492,276 3,293,014 41.126 1.357,538 Cash and cash equivalents at end of the financial year Add: Deposits pledged as securities and restricted cash Deposits with licensed banks with maturity period of more than 3 months 85,303 14,764 10,518 19.143 Deposits, cash and bank balances at the end of the financial year 26 2,588,097 3,326.921 41.126 1,357,538 The deposits and restricted cash amounting to RM85,303,000 (2018: RM24,764,000) are pledged as securities for banking facilities granted to the Group. Repayment of borrowings includes settlement of borrowings for aircraft that were disposed under sale and leaseback transactions as disclosed in Notes 44 ) and 44 01). ** Represents RM2. MORE THAN JUST AN AIRLINE The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 226 INCOME STATEMENTS For the financial year ended 31 December 2019 Note Group 2019 2018 RM'000 RM'000 Restated Company 2019 2018 RM'000 RM'000 4(a) 4(b) 11,860,403 10,638,296 648.826 1,193,276 3,011 253 3.128,025 (64,106) (46,410) Revenue Other income Operating expenses - Staff costs - Depreciation of property, plant and equipment - Depreciation of right-of-use assets - Aircraft fuel expenses - Maintenance and overhaul - User charges - Aircraft operating lease expenses - - Other operating expenses 5(a) 11 30 (1,876,196) (1,669,918) (221,502) (584.748) (1,241.749) (4,204.771) (3,908,417) (1,331,260) (938,369) (1,758,689) (1,491,528) (1,155,680) (1,150,485) (863,976) 7 6 (24.295) (5,062) Operating profit Finance income Finance costs 724,577 119,990 (775,733) 8(a) 8(b) 1,218,936 63,333 (474,761) 2,922,852 18.733 (2) 3,076,553 3 68,834 105,973 (247,593) 2,941,583 (3,707) 3,076,556 (663) Net operating profit Foreign exchange gains/(loss) Fair value losses on derivatives Impairment of investment in a joint venture Impairment of other investment Gain on disposal of investment in an associate Remeasurement gain on retained interest in a former subsidiary Share of results of joint ventures Share of results of associates 8(0) 8(d) 13 15 14 13 807,50B 126,833 (200,173) (5,596) (5,438) 181,914 534,712 11,083 (115,610) 39 (448.874) (521,660) 1,335,233 2,937,876 3,075,893 (Loss)/profit before taxation Taxation - Current taxation - Deferred taxation 9 9 (34,815) 273.252 (38.965) 399.126 238,437 360,161 Net (loss)/profit for the financial year (283,223) 1,695,394 2,937,876 3,075,893 Net (loss)/profit for the financial year attributable to: Owners of the Company - Non-controlling interests (315,807) 1.967,006 32,584 (271,612) (283,223) 1.695,394 MORE THAN JUST AN AIRLINE Earnings per share attributable to owners of the Company (sen) - Basic - Diluted 10 10 (9.4) (9.4) 58.9 58.9 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 218 STATEMENTS OF COMPREHENSIVE INCOME For the financial year ended 31 December 2019 FINANCIAL STATEMENTS Note Group Company 2019 2018 2019 2018 RM'000 RM'000 RM'000 RM'000 (283,223) 1,695,394 2,937,876 3.075,893 Net (loss)/profit for the financial year Other comprehensive Income/(loss) Items that may be subsequently reclassified to profit or loss Cash flow hedges Share of other comprehensive income of an associate Foreign currency translation differences 14 498,597 17,479 (7.378) (185,658) (55,682) (17,535) Net other comprehensive income/(loss) that may be reclassified to profit or loss in subsequent periods 508,698 (258,875) Items that will not be subsequently reclassified to profit or loss Remeasurement gain on employee benefits liability, net of tax Net movement on investment securities 2,299 82,052 11,294 (147,637) 15 121,650 (61,305) Net other comprehensive income/(loss) that may not be reclassified to profit or loss in subsequent periods 84,351 (136,343) 121,650 (61,305) Other comprehensive income/(loss) for the financial year, net of tax 593,049 (395,218) 121,650 (61,305) Total comprehensive income for the financial year 309,826 1,300.176 3,059,526 3.014,588 Total comprehensive income attributable to: - Owners of the Company - Non-controlling interests 275,329 34,497 1.565,632 (265,456) 309.826 1,300,176 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. AIRASIA GROUP BERHAD AR SUA RESORT 2010 219 STATEMENTS OF FINANCIAL POSITION As at 31 December 2019 Note Group 2019 2018 RM'OOO RM'OOO Restated Company 2019 2018 RM'000 RM'Ooo Non-current assets - 1,201.576 2,851,917 11,215,954 927,429 8,258,716 8,055,838 Property, plant and equipment Right-of-use assets Finance lease receivables Investment in subsidiaries Investment in joint ventures Investment in associates Investment securities Intangible assets Deferred tax assets Receivables and prepayments Deposits on aircraft purchase Derivative financial instruments 11 30 30 12 13 14 15 16 17 18 19 20 313,160 200,475 703,325 603,215 635,024 1.130,830 3,423,984 252,293 208,725 583,854 282,738 477,860 615,413 891,445 3,067,583 578,002 383,111 20,302,355 9,731,923 8,571,876 8,256,313 Current assets 106,326 1,394,970 47 146,086 1.133,011 293.571 344.036 230,479 2.724 - 21 18 30 19 20 22 23 24 25 398,215 267.311 Inventaries Receivables and prepayments Finance lease receivables Deposits an aircraft purchase Derivative financial instruments Amount due from a subsidiary Amounts due from associates Amounts due from joint ventures Amounts due from related parties Tax recoverable Deposits, cash and bank balances Assets classified as held for sale 250 286.873 49.599 432.709 384 107.200 17.174 2,588,097 404,139 6.792 124,277 13,578 3,326,921 2,775,321 41.126 1,357,538 26 32 5,292,363 8,817.848 380,706 1,357,835 MORE THAN JUST AN AIRLINE 220 FINANCIAL STATEMENTS Note Group 2019 2018 RM'000 RM'OOO Restated Company 2019 2018 RM'000 RM'OOO Less: Current liabilities 771 27 28 2,175,150 572,312 1,182.155 2,325,995 522,071 1,128,447 1,838 - - 313,354 151.812 8 Trade and other payables Aircraft maintenance provisions and liabilities Sales in advance Amounts due to subsidiaries Amounts due to associates Amounts due to a joint venture Amounts due to related parties Borrowings Lease liabilities Tax payables Derivative financial instruments Liabilities directly associated with the assets held for sale 22 23 24 25 29 30 32.228 11,032 103,078 423,163 260,354 342,152 2,271,662 52,895 126,977 20 32 4.741 465,277 1,834,326 7,135,469 6,850,358 1,846 314,125 Net current (liabilities)/assets ) (1,843, 106) 1,967,490 378,860 1,043,710 Non-current liabilities 27 28 320,455 4,720,621 84,279 Other payables Aircraft maintenance provisions and liabilities Deferred tax liabilities Amounts due to associates Borrowings Lease liabilities Derivative financial instruments Provision for retirement benefits 396,946 3,960,731 59,905 45,436 781,965 17 23 29 30 20 31 86,714 10,188,139 73,350 74.951 199,334 69.830 15,548,509 5,514.148 2,910,740 6,185,265 8.950,736 9.300,023 Capital and reserves 8,023.268 8,023,268 33 34 Share capital Merger deficit Foreign exchange reserve Retained earnings Other reserves 8,023,268 8,023,268 (5,507,594) (5,507,594) 171.137 178,515 1,664,452 5,541,712 147,067 (451,447) 35 36 867.123 60,345 1.338,060 (61,305) 8,950,736 9,300,023 Total shareholders' fund Non-controlling interests 12 4,498,330 7,784,454 (1,587,590) (1,599,189) Total equity 2,910,740 6,185,265 8,950.736 9.300,023 The accompanying accounting policies and explanatory notes form an integral part of the financial statements. AIRASIA GROUP BERHAD ANNUAL REPORT 2019 221 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the financial year ended 31 December 2019 Number of shares *000 Attributable to owners of the Company - Non-distributable------------> Distributable Merger Foreign Share reserve/ exchange Other Retained capital (deficit) reserve reserves earnings RM'OOO RM'000 RM'000 RM'000 RM'000 (Note 33) (Note 34) (Note 36) (Note 35) Total RM'000 Non- controlling Interests RM'000 Total equity RM"000 3,341,974 8,023,268 (5.507,594) 178.515 (451,447) 5,541,712 7.784,454 (1,599,189) 6,185,265 At 1 January 2019 As previously stated Effects of changes in accounting policy (Note 2.2) (152,640) (152,640) (22,898) (175,538) 3,341,974 8,023,268 (5,507.594) 178.515 (451,447) 5,389,072 (315,807) 7,631,814 (1,622,007) 6,009.727 (315,807) 32,584 (283,223) As restated Net loss for the financial year Other comprehensive (loss)/ income Total comprehensive Class/ (7.378) 598,514 591,136 1,913 593.049 income (7.378) 598.514 (315,807) 275,329 34,497 309,826 Transactions with owners: Dividends (Note 37) (3.408,813) (3.408,813) (3,408,813) At 31 December 2019 3,341,974 8,023 268 (5,507 594) 171.137 147,067 1.664,452 4,498,330 (1,587,590) 2,910,740 # 2,515,278 195,050 (67.608) 5.404,393 8,048,113 (1,338,033) At 1 January 2018 As previously stated Effects of changes in accounting policy 6,710.000 (11,175) (11,175) 1,565 (9.510) As restated 2,515,278 196,050 (67,606) 5.393,218 8,036,938 (1,336,468) 6,700.470 1.967,006 Net profit/Closs) for the financial year Other comprehensive loss Total comprehensive Class/ income 1,967,006 (401,374) (383,839) (271,612) 1,695,394 6,156 (395,218) (17.535) (17,535) (383,839) 1.967,006 1,565,632 (265,456) 1,300,176 3,341,974 8,023,258 (8,022.872) 396 (1,737,827) (1.737,827) 396 (1,737,827) Transactions with owners: Issuance of shares pursuant to internal reorganisation (Note 33) Dividends (Note 37) Acquisition of non-controlling interest in subsidiaries (Note 12) Dilution of interest in a subsidiary (Note 12) (84.789) (84,789) 6,839 (77.950) 4,104 4,104 (4 104) MORE THAN JUST AN AIRLINE At 31 December 2018 3,341,974 8,023,268 (5,507,594) 178.515 (451,447) 5,541,712 7.784,454 (1,599,189) 6,185.255 " Represents RM2 *** Represents 2 shares. The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 222 STATEMENT OF CHANGES IN EQUITY For the financial year ended 31 December 2019 FINANCIAL STATEMENTS Number of shares "000 Share capital Total equity RM'000 RM'000 (Note 33) (Accumulated losses)/ Fair value retained reserve earnings RM'000 RM'000 (Note 36) ) (Note 35) (6) 3,075,893 (61,305) (61,305) 3,075,887 At 1 January 2018 Net profit for the financial year Other comprehensive loss Total comprehensive (loss)/income (6) 3,075,893 (61,305) 3,014,582 - Issuance of shares pursuant to internal reorganisation (Note 33) Dividends (Note 37) 3,341,974 8,023,268 8,023,268 (1.737.827) (1,737,827) 3,341,974 8,023,268 At 31 December 2018 Net arofit for the financial year Other comprehensive income Total comprehensive income (61,305) 1,338,060 2.937.876 121.650 60.345 4,275,936 9.300,023 2.937,876 121,650 12,359,549 3,341,974 8,023,268 Dividends (Note 37) (3,408,813) (3,408,813) At 31 December 2019 3,341,974 8,023,268 60.345 867.123 8.950,736 * Represents RM2 *** Represents 2 shares The accompanying accounting policies and explanatory notes form an integral part of the financial statements. AIRASIA GROUP BERMAID 223 ANNUAL REPORT 2019 STATEMENTS OF CASH FLOW For the financial year ended 31 December 2019 Note Group 2019 2018 RM'OOO RM'000 Company 2019 2018 RM'000 RM'000 Cash flows from operating activities (521,660) 1,335,233 2,937,876 3.075,893 11 4(b) 11 221,502 (101,544) 879 584,748 (298,816) 31,836 30 4(b) 16 1,241,749 (22,458) 471 611 5,415 6 6 13 15 70,325 28,133 5,596 5,438 (6,330) (3,078) (Loss)/profit before taxation Adjustments for: Property, plant and equipment - Depreciation - Gain on disposals - Write off Right-of-use assets - Depreciation - Gain on derecognition Amortisation of intangible assets Impairment of: - trade receivables - related parties - investment in a joint venture -investment securities Dividend income from: - investment securities - a subsidiary Share of results of - joint ventures - associates Gain on disposal of investment in: - a subsidiary - an associate Gain on remeasurement of: retained interest in a former subsidiary Provision for retirement benefits Aircraft maintenance provisions Fair value losses on derivatives Net unrealised foreign exchange (gain)/loss Interest expense Interest expense - Lease liabilities Interest income Interest income - Finance lease receivables 4(b) 4(b) (3,253) (3,007.776) (3,128,025) (11,083) 115,610 39 448,874 4(b) 14 (350,317) (181,914) 13 28 8(d) (534,712) 17.725 539,728 200.173 (138,704) 474.761 2,359 16,343 608,692 247.593 (125,146) 272.640 503,093 (58,588) (61,402) 549 8(b) 8(b) 8(a) 8(a) (63,333) (18,733) 2,670,123 1,827,960 (89.527) (51,583) Changes in working capital: Inventories Receivables and prepayments Payables and provisions Sales in advance Amounts due from/to subsidiaries, associates, joint venture and related parties (38,547) 154,254 (167,507) 41,555 (38,843) (949,355) 39,074 164 144 (2,677) 1,067 (47) 765 MORE THAN JUST AN AIRLINE 15,918 (396,831) (651,531) 50,775 Cash generated from/(used in) operations carried forward 2,675,796 646,149 (742.668) (90) 224 FINANCIAL STATEMENTS Note Group 2019 2018 RM'000 RM'000 Company 2019 2018 RM'000 RM'Ooo Cash flows from operating activities (cont'd.) 646.149 (323,126) (742,668) (90) Cash generated from/(used in operations brought forward Interest paid Interest paid - Lease liabilities Interest received Interest received - Finance lease receivables Taxes refunded/(paid) Retirement benefits paid 2,675.796 (192,968) (503,093) 37,348 61.402 9,741 (7,099) 78,43 18.233 - (44,988) (3,385) 2,081,127 353,081 (724,435) (90) Net cash from/(used in) operating activities Cash flows from investing activities 16 13 (295,686) (1,123,720) 4,799,035 9,815,005 (10,278) (6,695) 352,695 (39,287) (41,426) 417,900 14 245,754 (70,539) (150) 8.625 (8.821) (19.143) (41,405) 8.966 Property, plant and equipment - Additions - Proceeds from disposals Addition in intangible assets Net cash inflow from partial disposal of interest in a subsidiary Additional deposit for aircraft purchases Refund of deposit for aircraft purchases Proceeds from disposal of: - an associate Net changes: Deposits pledged as securities and restricted cash Deposits with licensed banks with maturity period of more than 3 months Investment securities Dividend received from: - Investment securities - subsidiary -associates Acquisition of: - subsidiaries net of cash acquired - other investments non-controlling interest in subsidiaries Additional subscription of shares in - subsidiaries - associate - joint venture Loans to an associate Receipt of principal portion of finance lease receivables 4(b) 6,330 3,078 3.253 3,007,776 3.128,025 167,918 12 (3,415) (34.482) (32.570) (26.217) (77.944) 12 (202.878) 12 14 13 (280,482) (175,245) (23,200) (165,375) 336,920 Net cash from investing activities 4,660.444 9,049,304 2.817.117 3.095,455 BERHAD ANNUAL REPORT 2019 STATEMENTS OF CASH FLOW For the financial year ended 31 December 2019 (CONTD.) Note Group 2019 2018 RM'OOO RM'000 Company 2018 RM'000 RM'Ooo 2019 Cash flows from financing activities Proceeds from borrowings Repayment of borrowings Payment of principal portion of lease liabilities Dividends paid to shareholders 710.724 1,203,073 (3,300,640) (7,551,916) (1,585,087) (3,408,813) (1,737,827) (3,408,813) (1,737,827) Net cash used in financing activities (7,583,816) (8,086,670) (3,408,813) (1,737.827) Net (decrease)/increase for the financial year (842.245) 1,315,715 (1.326,131) 1,357,538 Currency translation differences 41,507 109,718 (281) Cash and cash equivalents at beginning of the financial year 3,293,014 1,867,581 1,357.538 Cash and cash equivalents at end of the financial year 2.492,275 3,293,014 41.126 1,357,538 For the purposes of the cash flow statements, cash and cash equivalents include the following: Note Group 2019 2018 RM'000 RM'000 Company 2019 2018 RM'000 RM000 2,492,276 3,293,014 41.126 1.357,538 Cash and cash equivalents at end of the financial year Add: Deposits pledged as securities and restricted cash Deposits with licensed banks with maturity period of more than 3 months 85,303 14,764 10,518 19.143 Deposits, cash and bank balances at the end of the financial year 26 2,588,097 3,326.921 41.126 1,357,538 The deposits and restricted cash amounting to RM85,303,000 (2018: RM24,764,000) are pledged as securities for banking facilities granted to the Group. Repayment of borrowings includes settlement of borrowings for aircraft that were disposed under sale and leaseback transactions as disclosed in Notes 44 ) and 44 01). ** Represents RM2. MORE THAN JUST AN AIRLINE The accompanying accounting policies and explanatory notes form an integral part of the financial statements. 226