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INDEPENDENT AUDITORS’ REPORT
TO THE MEMBERS OF AIRASIA BERHAD
(INCORPORATED IN MALAYSIA)
Report on the audit of the financial statements
Opinion
We have audited the financial statements of AirAsia Group Berhad, which comprise the statement of financial position as at 31 December
2017, and statement of profit or loss, statement of changes in equity and statement of cash flows for the period from 24 August 2017 (date
of incorporation) to 31 December 2017 and notes to the financial statements, including a summary of significant accounting policies, as
set out on pages 218 to 221.
In our opinion, the accompanying financial statements give a true and fair view of the financial position of the Company as at
31 December 2017, and of its financial performance and cash flows for the period then ended in accordance with Malaysian Financial
Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act, 2016 in Malaysia.
Basis for opinion
We conducted our audit in accordance with approved standards on auditing in Malaysia and International Standards on Auditing. Our
responsibilities under those standards are further described in the
Auditors' responsibilities for the audit of the financial statements
section
of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion .
Independence and other ethical responsibilities
We are independent of the Company in accordance with the By-Laws (on Professional Ethics, Conduct and Practice) of the Malaysian
Institute of Accountants ("By-Laws") and the International Ethics Standards Board for Accountants' Code of Ethics for Professional
Accountants ("IESBA Code"), and we have fulfilled our other ethical responsibilities in accordance with the By-Laws and the IESBA Code.
Information other than the financial statements and auditors' report thereon
The directors of the Company are responsible for the other information. The other information comprises the Directors' Report, but does
not include the financial statements of the Company and our auditors' report thereon.
Our opinion on the financial statements of the Company does not cover the other information andwe do not express any formof assurance
conclusion thereon.
In connection with our audit of the financial statements of the Company, our responsibility is to read the other information and, in doing
so, consider whether the other information is materially inconsistent with the financial statements of the Company or our knowledge
obtained in the audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to
report that fact. We have nothing to report in this regard.
Responsibilities of the directors for the financial statements
The directors of the Company are responsible for the preparation of financial statements of the Company that give a true and fair view
in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the
Companies Act, 2016 in Malaysia. The directors are also responsible for such internal control as the directors determine is necessary to
enable the preparation of financial statements of the Company that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements of the Company, the directors are responsible for assessing the Company's ability to continue as
a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the
directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
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AirAsia Group Berhad
REPORTS AND FINANCIAL STATEMENTS
212