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20. Amount due from/(to) associates
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
Amounts due from associates
– current
147,617
511,446
107,817
282,047
– non-current
–
344,861
–
344,861
147,617
856,307
107,817
626,908
Amounts due to associates
– current
(59,499)
(3,978)
(46,645)
(25,290)
– non-current
(86,292)
(118,898)
(8,082)
(21,934)
(145,791)
(122,876)
(54,727)
(47,224)
The amounts due from associates are trade, unsecured, interest free and have no fixed terms of repayment other than non-current
amounts due from associates in prior year which are not expected to be repaid within 1 year. Amounts due from associates in the
prior year includes advances to PT Indonesia AirAsia (“IAA”) for purchase of aircraft in 2011 for the financing of aircraft purchase.
These amounts have been eliminated in the current financial year following the consolidation of IAA effective 1 January 2017.
(i) Financial assets that are neither past due nor impaired
Amounts due from associates that are neither past due nor impaired of the Group and Company amounted to RM147,617,000
and RM107,817,000 (2016: RM519,795,000 and RM519,795,000) respectively.
(ii) Financial assets that are past due but not impaired
Amounts due from associates of the Group and Company that are past due but not impaired amounted to RM nil (2016:
RM336,512,000 and RM107,113,000). The ageing analysis of these amounts is as follows:
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
Up to 1 year
–
336,512
–
107,113
–
336,512
–
107,113
The Group and Company have not made any impairment as management is of the view that these amounts are recoverable.
(iii) Financial assets that are impaired
There are no amounts due from associates of the Group and Company that are past due and impaired.
The maximum exposure to credit risk at the reporting date is the carrying value of the amounts due from associates mentioned
above.
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315
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS