AirAsia Group Berhad - Annual Report 2017

STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS

(a) Before the income statements, statements of comprehensive and statements of financial positions of the Group and of the Company

were made out, the directors took reasonable steps:

(i) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision for doubtful

debts and satisfied themselves that all known bad debts had been written off and that adequate provision had been made for

doubtful debts; and

(ii) to ensure that any current assets which were unlikely to realise their value as shown in the accounting records in the ordinary

course of business had been written down to an amount which they might be expected to realise.

(b) At the date of this report, the directors are not aware of any circumstances which would render:

(i) the amounts written off for bad debts or the amount of the provision for doubtful debts in the financial statements of the Group

and of the Company inadequate to any substantial extent; and

(ii) the values attributed to current assets in the financial statements of the Group and Company misleading.

(c) At the date of this report, the directors are not aware of any circumstances which have arisen which would render adherence to the

existing method of valuation of assets or liabilities of the Group and of the Company misleading or inappropriate.

(d) At the date of this report, the directors are not aware of any circumstances not otherwise dealt with in this report or financial

statements of the Group and of the Company which would render any amount stated in the financial statements misleading.

(e) At the date of this report, there does not exist:

(i) any charge on the assets of the Group or of the Company which has arisen since the end of the financial year which secures

the liabilities of any other person; or

(ii) any contingent liability of the Group or of the Company which has arisen since the end of the financial year.

(f) In the opinion of the directors:

(i) no contingent or other liability has become enforceable or is likely to become enforceable within the period of twelve months

after the end of the financial year which will or may affect the ability of the Group or of the Company to meet their obligations

when they fall due; and

(ii) no item, transaction or event of a material and unusual nature has arisen in the interval between the end of the financial year

and the date of this report which is likely to substantially affect the results of the operations of the Group or of the Company

for the financial year in which this report is made, other than as disclosed in Note 45 to the financial statements.