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12. Investment in subsidiaries (cont’d.)
Material partly-owned subsidiaries (cont’d.)
Group
2017
RM’000
2016
RM’000
(Loss)/profit allocated to material non-controlling interests:
IAA
(78,715)
–
PAA
30,666
–
Other individually immaterial subsidiaries
(9,351)
(3,101)
(57,400)
(3,101)
The summarised financial information of these subsidiaries is provided below. This information is based on amounts before inter-
company eliminations.
Summarised income statements for 2017:
IAA
RM’000
PAA
RM’000
Revenue
1,201,440
1,351,910
Depreciation and amortisation
(53,858)
(19,881)
Interest income
1,530
68
Interest expense
(26,542)
(22,552)
Profit before taxation
75,884
33,488
Tax expense
(230,510)
–
Net (loss)/profit for the financial year, representing total comprehensive (loss)/income
(154,626)
33,488
Attributable to non-controlling interests
(78,715)
30,666
Summarised statements of financial position as at 31 December 2017:
IAA
RM’000
PAA
RM’000
Current
Cash and cash equivalents
85,612
42,355
Other current assets
90,862
141,521
Total current assets
176,474
183,876
Financial liabilities (excluding trade payables)
(439,244) (1,289,833)
Other current liabilities (including trade payables)
(39,624)
(309,736)
Total current liabilities
(478,868) (1,599,569)
Non-current
Assets
1,456,048
117,987
Liabilities
(353,577)
(251,822)
Net assets/(liabilities)
800,077
(1,549,528)
[ ]
297
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS