AirAsia Group Berhad - Annual Report 2017

AAGB

The audit and non-audit fees of AAGB as below are also disclosed in the Audited Financial Statements set out under Note 3 to the

Financial Statements on page 220 of this Annual Report:-

Audit Fees

Company

RM’000

Audit fees paid to the External Auditors for the financial year

5,000

Non-Audit Fees

Company

RM’000

Non-audit fees paid to the External Auditors for the financial year in connection with advisory related work

Nil

RECURRENT RELATED PARTYTRANSACTIONS OF A REVENUE OR TRADING NATURE

At the Annual General Meeting (“AGM”) of AAB held on 25 May 2017, AAB had obtained a mandate from its shareholders for AAB and/or

its subsidiaries to enter into recurrent related party transactions (“RRPTs”) of a revenue or trading nature.

Pursuant to paragraph 10.09(2)(b) and paragraph 3.1.5 of Practice Note 12 of the MMLR, details of the recurrent related party transactions

of a revenue or trading nature entered into during the financial year are as follows:

No. Transacting Parties

Nature of RRPT

Class and relationship of the

Related Parties

Actual value

Revenue/income

AirAsia X Berhad (“AAX”)

(Company No. 734161-K)

Provision of the following range of services by

AAB to AAX:

(a) Commercial

- Sales and distribution

- Sales support

- Direct channel

- Branding and Creative

●

● Protection of brand to ensure

proper public perception is built

●

● Manage communication imagery,

sponsorships (e.g. sports and

youth marketing) and commercial

branding

●

● Creative includes graphic designs

supporting branding activities

- Web team: Manage, plan, build and

develop

airasia.com

website

- Marketing

- Ancillary

(b) Treasury

- Fuel procurement

- Fuel hedging

(d) Cargo

Interested Directors and Major

Shareholders

Tan Sri (Dr) Anthony Fernandes

(“Tan Sri (Dr) Tony”)

Datuk Kamarudin Bin Meranun

(“Datuk Kamarudin”)

RM15,801,900

ADDITIONAL COMPLIANCE

INFORMATION

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AirAsia Group Berhad

REPORTS AND FINANCIAL STATEMENTS

204