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23. Amounts due from subsidiaries
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
Non-current:
Amounts due from subsidiaries
–
–
177,187
–
Current:
Amounts due from subsidiaries
–
–
1,623,533
842,588
Less: Allowance for impairment
–
–
(41,618)
(41,618)
–
–
1,581,915
800,970
The amounts due from subsidiaries are unsecured, interest free and have no fixed terms of repayment. The impairment recognised
in the prior year was in respect of a subsidiary which is dormant and has not commenced business operations. Other than this,
amounts due from subsidiaries have no history of default.
Included in current amounts due from subsidiaries is a receivable of IDR1,274 billion (equivalent to RM380,162,000) arising from the
disposal of perpetual capital securities which is repayable on demand.
The currency profile of amounts due from subsidiaries is as follows:
Movements on the allowance for impairment of amounts due from subsidiaries are as follows:
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
At 1 January
–
–
41,618
20,290
Less: Allowance for impairment (Note 6)
–
–
–
21,328
At 31 December
–
–
41,618
41,618
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
Ringgit Malaysia
–
–
51,620
27,782
US Dollar
–
–
1,707,482
773,188
–
–
1,759,102
800,970
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
[ ]
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS
320