326 / 396
17. Deferred tax assets/(liabilities) (cont’d.)
Deferred tax has not been recognised for the following items:
Group
2017
RM’000
2016
RM’000
Deferred revenue
95,653
63,389
Deferred breakage
34,157
20,057
Provisions and others
26,641
5,594
156,451
89,040
Deferred tax assets in respect of the above items arose from a subsidiary acquired during the previous financial year and have not
been recognised because it is not probable that the future taxable profit will be available against which the Group can utilise the
benefits there from.
As disclosed in Note 3.2 to the financial statements in respect of critical accounting estimates and judgments, the deferred tax
assets are recognised on the basis of the Group’s previous history of recording profits, and to the extent that it is probable that future
taxable profits will be available against which temporary differences can be utilised. Estimating the future taxable profits involves
significant assumptions, especially in respect of fares, load factor, fuel price, maintenance costs and currency movements. These
assumptions have been built based on past performance and adjusted for non-recurring circumstances and a reasonable growth
rate.
18. Receivables and prepayments
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
Non-current:
Other receivables*
462,095
131,687
533,570
131,687
Prepayments
1,620,145
1,100,731
1,614,731 1,100,731
Deposits for maintenance of aircraft
161,205
133,676
116,759
116,311
Other deposits
58,086
66,960
29,248
31,049
2,301,531
1,433,054
2,294,308 1,379,778
Current:
Trade receivables
243,656
138,382
100,741
114,906
Less: Allowance for impairment
(47,839)
(30,476)
(33,340)
(30,476)
195,817
107,906
67,401
84,430
Other receivables
523,850
332,200
513,533
310,688
Less: Allowance for impairment
–
(3,482)
–
(3,482)
523,850
328,718
513,533
307,206
Prepayments
582,679
615,899
515,085
583,141
Other deposits
179,945
35,134
102,189
29,941
1,482,291
1,087,657
1,198,208
1,004,718
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
[ ]
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS
312