304 / 396
12. Investment in subsidiaries (cont’d.)
Deemed acquisition of subsidiaries (cont’d.)
Details of the assets, liabilities and net cash outflow arising from the acquisition of additional interest in IAA and PAA are as follows:
(cont’d.)
IAA (cont’d.)
Group
RM’000
Cost of acquisition
–*
Less: Cash and cash equivalents of subsidiary acquired
(79,403)
Net cash inflow on deemed acquisition of subsidiary
(79,403)
* The cost of acquisition is nil as this is a deemed acquisition of a subsidiary.
From the date of acquisition, IAA has contributed a net loss of RM154,626,000 to the Group’s profit net of tax.
PAA
Fair value
recognisedon
acquisition
RM’000
Carrying
amount
RM’000
Assets
Non-current assets
Property, plant and equipment (Note 11)
78,590
78,590
Intangible assets (Note 16)
69,300
–
Other receivables
72,131
72,131
220,021
150,721
Current assets
Cash and bank balances
30,166
30,166
Trade and other receivables
1,715,366
1,715,366
Inventories
10,399
10,399
Derivative financial instruments
34,187
34,187
1,790,118 1,790,118
Total assets
2,010,139
1,940,839
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
[ ]
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS
290