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NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
1.
General information
AirAsia Berhad (“the Company”) is a public limited liability company incorporated and domiciled in Malaysia, and is listed on the
Bursa Malaysia Securities Berhad.
The address of the registered office of the Company is as follows:
B-13-15, Level 13,
Menara Prima Tower B,
Jalan PJU1/39, Dataran Prima,
47301 Petaling Jaya,
Selangor Darul Ehsan.
The address of the principal place of business of the Company is as follows:
RedQ,
Jalan Pekeliling 5,
Lapangan Terbang Antarabangsa Kuala Lumpur (KLIA2),
64000 KLIA,
Selangor Darul Ehsan, Malaysia.
The principal activity of the Company is that of providing air transportation services. The principal activities of the subsidiaries are
described in Note 12. There were no significant changes in the nature of these activities during the financial year.
The financial statements were authorised for issue by the board of directors in accordance with resolution of the directors on
16 April 2018.
2.
Summary of significant accounting policies
2.1 Basis of preparation
The financial statements of the Group and of the Company have been prepared in accordance with the Malaysian Financial
Reporting Standards (“MFRS”), International Financial Reporting Standards (“IFRS”) and the requirements of the Companies
Act, 2016 in Malaysia.
The financial statements of the Group and of the Company have been prepared under the historical cost convention, except as
disclosed in the accounting policies below.
The financial statements are presented in Ringgit Malaysia (“RM”) and all values are rounded to the nearest thousand (RM’000)
except when otherwise indicated.
2.2 Standards, amendments to published standards and interpretations that are effective
The Group has applied the following amendments for the first time for the financial year beginning on 1 January 2017:
• MFRS 107 Disclosure Initiative (Amendments to MFRS 107)
• MFRS 112 Recognition of Deferred Tax Assets for Unrealised Losses (Amendments to MFRS 112)
• Annual Improvements to MFRS Standards 2014–2016 Cycle - Amendments to MFRS 12 Disclosure of Interests in Other
Entities: Clarification of the scope of disclosure requirements in MFRS 12
The adoption of these amendments did not have any material impact on the current period or any prior period and is not likely
to affect future periods.
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AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS
248