Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ERMF1 is an aeronautical service providers. It has been approached by AirAsia, a leading airline company to supply a fixed volume of services per year

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

ERMF1 is an aeronautical service providers. It has been approached by AirAsia, a leading airline company to supply a fixed volume of services per year on a 3-years agreement. Informations on AirAsia's financial position are as follow.At year end, the market price was 3 RM with 3,3 billions outstanding shares listed on Kuala Lumpur Stock exchange.

Compute Altman Z-Score? Is this information enough to help you entering in this long term agreement?

?

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
ZOTIany [2 1 Hate 2017 ZDIE ZDIE AMOOD |Hastated! Rockted! 4 7 [`7 21 E. EGGLES $5. 491, 140 5 .4 49, 135 JUTE KECITE 352 7 417, 0135 Operating Expenses |LECT , JOEY (1.015, 7541 11.045, 171 1 |4 E ` `75) \50 03 195 - - [Kazdation of property, plant and EquipTEST` 11 - Aircraft Fuel aganess ZEZLIZ4 [LEZH ZOEY 11.943, BED [1624 20 0] - Maintenance and marhaul I - User charges [EILEENEI 1204 113) |GOLESE] - Aimat aparty Leaze MYSTERY `EEILESS! |14FEET! F 1451JOEY 12517:47 LOGS FEE ZIEL JEZ FINANCE IncCITE 55, 5/0 105, 132 EE }I{ 545 Finance costs Net operating Find^ LEFTTHE 1.510724 1.415 737 EST'LET 157, I'VE 5.7 5,5 5 Gah on partial diazal d in`brentha a`^tary 17 IITgahITE { of investment hanazzadaily [ESTEIT! MELTED] Farrelus llosasigns andanalyz TOSEE Gah on re nicesure Tient of pre- laudy hold nikcraft Inessz_ ties 12 71435 0 Gah Ini bangin purchase on consolidation 12 121,045 That of results of = Jamie venture* 15 19573 24 ZES Share of results ofassociates 14 Z LETTER 1704ED1\Group (1] Company Cal Note 2017 2016 2017 2016 RMOOD RM'000 RM 000 RM'000 [Rostated] (Rostated) Profit before tacation brought forward 2,087,798 1704691 1,948,075 1,881,532 Taxation - Current Location (52,650) (6 394) (15700) (5,396) - Deferred taxation 6 (463754) (79739) (263 4921 79.739) (516,414) (86 135] (279, 182) (85, 135) Net profit for the financial your 1571374 1,618 559 1,568. 893 1795 397 Net profit for the financial yoer attributable to: - Owners of the Company 1, 623774 1,621, 659 - Non-controlling interests (57,400) ( 101) 1571374 1,618 559 Earnings per share attributable to owners of the Company (san] - Bask 10 493 583 Diluted 10 493 59LOMIAany! ! ! Hate ZDIE ZOLE |Hasbites! |Hashitad HOTT LISTEN TOTHIS Frozenty plant and EquaTE! 1 1 1717152 2 10, EZE, EEZ BELT, ITS Investment h subsidiaries 12 1701, 34 6 173 754 Investment In ahit ventures II 5 5{ E $1.595 SHE SEE 72105^ 55 Available- For-sala Humid arests 15 LOL SIE ISEEITS 351 151 Amount Hus Hania arbitary II ITTLEY Intangible assets 15 121 EZZ 17^ HEE DED {{} SEE THEJIE Foratables and FIEFSI TIENE 10 ZILL 53.1 I STIDES IN19 TIE 15 4171/2 !121 15 117132 Amount Hus FroTiazaccakes ILLESI 14 4851 Dothathis Franca IZhuTETE 1:52175 17. 151 173^ 1TILL 170 14, 1GLEE 17:59, ED] Lunrant asset 12 EE ]]` LIESE STEVE 43.5.51 Razztables and FIEASY TIETE 10 1, 4 8 7, 201 1,19970 0 LONG TIO $50,1 15 $52 115 Dartsathis Financial IzhuTenis {{SEES BESIEGE Amount Hus Hroni substrates EL^ ^ ^ ^ 1.5:51.515 Amounts Hug From a jointventure $55% 15 $ 457 Amount Hus HOTINTELCakes 147 , 617 Amount Hus Fonirelated parks IS ZEEE 16, 102 14, 55 5 TELLE 197 E` DEpost, cashand bank balances TE 1,0EZ 145 1, THI, STI 1.301,5 50 $ 425.504Company [!` Hate ZOLE Hasbites! |Hastabad! LasE Lumant jabilities Trade and char payables 17 1 1, 25 1 ITEITES EYTIE ITGEES Sales matienzo 41 8, 342 SITTIS EAT, 511 ELECLE Amounts Hus La subsHangs BI CEL AMount Hus La zazz^takes 54.425 Amount due to related parties 54, 015 $7 351 TE Earningtizz LAZLOAT 1.545, 7115 1 307541 1.57 5TIL Tax payables LE\]] TE DEthathas franck! `zhuTET_ $ 9197.59 ` SITELU Hot QUITEn't [Liabilities`assets [LOLLIGEY TOLSET HOT OUTONE Lab_iGEE Other paysbilas 1734:174 1,115, 0 09 1, 457,

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting

Authors: Charles T Horngren, Gary L Sundem, William O Stratton, Howard D Teall, George Gekas

5th Canadian Edition

0131922688, 978-0131922686

More Books

Students also viewed these Finance questions

Question

What measures could Richmond have take

Answered: 1 week ago