TASKS write the report must be more than 2500 words,if less than 2500 words please do not answer ,thank u

Helang Air Berhad (Helang Air) is an airline company listed on Bursa Malaysia. The business has grown rapidly since its establishment seven years ago but in the recent periods it has been criticised for under-investing of its non-current assets. Assume you are working for Helang Air and you have been tasked to prepare a ratio analysis based on the comparative financial statements of Helang Air. Extracts from Helang Airs financial statements are as follows:

Statements of financial position as at 30 June:

	2020 RM000	2021 RM000
ASSETS
Non-current assets
Intangible assets	32,000	40,000
Property, plant and equipment	348,000	634,000
	380,000	674,000
Current assets
Inventories	980	1,160
Trade and other receivables	12,600	12,200
Cash and cash equivalents	44,200	18,600
	57,780	31,960
Total assets	437,780	705,960
LIABILITIES
Non-current liabilities
6% loan notes	300,800	261,920
Current liabilities
Trade and other payables	8,500	20,960
6% loan notes	38,880	38,880
	47,380	59,840
EQUITY
Equity shares	6,000	6,000
Retained earnings	83,600	88,200
Revaluation surplus	Nil	290,000
	89,600	384,200
Total liabilities and equity	437,780	705,960

Other extracts from Helang Airs financial statements for the years ended 30 June:

	2020 RM000	2021 RM000
Revenue	318,000	308,000
Profit from operations	37,200	24,600
Finance costs	(20,400)	(18,400)
Cash generated from operations	48,620	36,960

The results of the ratio analysis are as follows:

	As at 30 June 2020	As at 30 June 2021
Gearing (Debt/Equity)	379.1%	78.3%
Current ratio	1.22:1	0.53:1
Interest cover	1.8 times	1.3 times
Net asset turnover	0.74 times	0.45 times
Operating profit margin	11.7%	8.0%
Return on capital employed	8.7%	3.6%

The flight schedule, the number of flights and destinations were the same in both 2020 and 2021. Helang Air is currently negotiating with the nine major airports to renew its licences that are due to expire in November 2021. The licence will give Helang Air the right to operate flights in the respective airports.

Required:

write the report must be more than 2500 words,if less than 2500 words please do not answer ,thank u

1. Prepare a list of comments on the financial performance and position of Helang Air for the year ended 30 June 2021.
2. Explain any issues that Helang Air should be considering in the near future.