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The directors have pleasure in presenting their report together with the audited financial statements of the Group and of the Company
for the financial year ended 31 December 2017.
PRINCIPAL ACTIVITIES
The principal activity of the Company is that of providing air transportation services. The principal activities of the subsidiaries are
described in Note 12 to the financial statements. There were no significant changes in the nature of these activities during the financial
year.
RESULTS
Group
Company
RM’000
RM’000
Profit net of tax
1,571,374
1,668,893
Profit attributable to:
Owners of the Company
1,628,774
1,668,893
Non-controlling interests
(57,400)
–
1,571,374
1,668,893
There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the financial
statements.
In the opinion of the directors, the results of the operations of theGroup and of theCompany during the financial yearwere not substantially
affected by any item, transaction or event of a material and unusual nature, other than, in respect of the Group, a gain on remeasurement
of previously held interests in associates amounting to RM214,350,000 and a gain on bargain purchase of RM121,045,000 and in
respect of the Company, a gain on partial disposal of investment in a subsidiary of RM406,839,000 as disclosed in Note 12 to the
financial statements.
DIVIDENDS
The dividends on ordinary shares paid by the Company since 31 December 2016 were as follows:
RM’000
In respect of the financial year ended 31 December 2016,
First and final tax exempt single-tier dividend of 12 sen per ordinary share each on 3,341,874,080 ordinary shares,
paid on 23 June 2017
401,025
In respect of the financial year ended 31 December 2017,
Interim tax exempt single-tier dividend of 12 sen per ordinary share each on 3,341,874,080 ordinary shares,
paid on 13 October 2017
401,025
The directors do not recommend the payment of any final dividend in respect of the current financial year.
DIRECTORS’
REPORT
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AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS
222