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ADDITIONAL COMPLIANCE
INFORMATION
Following the completion of the internal reorganisation of AirAsia Berhad (“AAB”) and the transfer of its listing status to AirAsia Group Berhad
(“AAGB”) on 16 April 2018, AAB is now a wholly-owned subsidiary of AAGB. The information set out below is disclosed in compliance with the
Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Malaysia”):-
1.
UTILISATION OF PROCEEDS FROM CORPORATE PROPOSAL
During the financial year ended 31 December 2017 (“the Financial Year”), AAB increased its issued and paid-up share capital by Issuance and
Allotment of 559,000,000 New Ordinary Shares of RM0.10 each in AAB (“AAB Shares”) to Tune Live Sdn. Bhd., at an issue price of RM1.80 per
AAB Share subject to adjustments in accordance with the Subscription Agreement (“the Allotment”).
The details of the utilisation of proceeds raised from the Allotment as at 18 April 2018 are as follows:-
Proposed Utilisation of
the Allotment
RM’mil
Utilisation to date
RM’mil
Balance
RM’mil
Pre-payment of unsecured term loan facilities and
repayment of unsecured revolving credit
342.0
(342.0)
–
Funding of aircraft, spare engines and other aircraft parts
and associated pre-delivery payments
275.0
(275.0)
–
Construction and development of AirAsia Group’s
headquarters
103.8
(103.8)
–
General corporate and working capital
284.0
(284.0)
–
Estimated expenses for the Proposed Shares Issuances
1.4
(1.4)
–
Total
1,006.2
(1,006.2)
–
2.
MATERIAL CONTRACTS INVOLVING DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
There were no material contracts entered into by AAB and its subsidiaries involving directors’ and major shareholders’ interests, still
subsisting at the end of the financial year, save for the following:-
a.
Pursuant to the SubscriptionAgreement withTune Live Sdn. Bhd. dated 1 April 2016, AAB has completed the issuance andAllotment
of AAB Shares to Tune Live Sdn. Bhd. at an adjusted issue price of RM1.80 per share on 26 January 2017, following the listing of and
quotation for AAB Shares on the Main Market of Bursa Malaysia.
3.
AUDITAND NON-AUDIT FEES
a.
AAB
The audit and non-audit fees of AAB as below are also disclosed in the Audited Financial Statements set out under Note 6 to the
Financial Statements on page 274 of this Annual Report:-
Audit Fees
Company
RM’000
Group
RM’000
Audit fees paid to the External Auditors for the financial year
776
2,025
Non-Audit Fees
Company
RM’000
Group
RM’000
Non-audit fees paid to the External Auditors for the financial year in connection
with advisory related work
1,123
1,486
[ ]
AirAsia Group Berhad
REPORTS AND FINANCIAL STATEMENTS
203