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Significant non-cash transactions in prior year
(a) On 16 December 2016, the Company subscribed to perpetual capital security issued by an associate amounting to IDR3,042 billion
(RM1,013 million) as disclosed in Note 12 to the financial statements. The investment in perpetual capital security was satisfied via
capitalisation of amounts due from associate.
(b) Disposal of property, plant and equipment to a subsidiary
Company
2016
RM’000
Proceeds from disposal of property, plant and equipment to a subsidiary
2,032,863
Borrowings transferred to subsidiary
(1,565,699)
Amounts due from a subsidiary
(271,725)
Net cash proceeds received from disposal of property, plant and equipment to a subsidiary
195,439
(c) On 25 July 2016, AirAsia Go Holiday Sdn Bhd (“AAGH”), a wholly owned subsidiary of the Company declared a first interim dividend
for the financial year ended 31 December 2016 amounting to RM302,095,000. The dividend amount fromAAGH was satisfied via net
off with amount due to AAGH.
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
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AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS