354 / 396
38. Significant related party transactions (cont’d.)
All related party transactions were carried out on agreed terms and conditions.
Key management personnel are categorised as head or senior management officers of key operating divisions within the Group and
Company. The key management compensation is disclosed in Note 38(d) below.
Related party transactions also include transactions with entities that are controlled, jointly controlled or significantly influenced
directly or indirectly by any key management personnel or their close family members, where applicable.
Group
Company
2017
RM’000
2016
RM’000
2017
RM’000
2016
RM’000
(a) Income:
Aircraft operating lease income for owned and leased aircraft
– Thai AirAsia Co Ltd
539,686
521,434
50,601
109,306
– PT Indonesia AirAsia*
–
182,139
18,582
65,158
– AirAsia Inc (including Philippines AirAsia Inc)*
–
104,751
32,850
26,608
– AirAsia (India) Private Limited
157,175
99,620
69,633
57,295
– AirAsia Japan Co Ltd
33,637
30,528
–
–
– PT Indonesia AirAsia Extra
71,744
69,547
–
–
Gain on disposal of aircraft to Thai AirAsia Co Ltd
–
35,009
–
–
Gain on disposal of investment in Asian Aviation Centre of
Excellence Sdn Bhd**
167,688
–
294,362
–
Gain on disposal of fixed asset to Ground Team Red Sdn Bhd
–
–
900
–
Gain on disposal of aircraft and engines to Asia Aviation
Capital Limited
–
–
–
374,488
Fees charged to associates and related parties providing
commercial air transport services
106,777
87,048
106,777
87,048
Commission on travel insurance for passengers charged to
Tune Insurance Malaysia Berhad
18,918
11,766
18,198
11,788
(b) Recharges:
Recharges of expenses to
– Thai AirAsia Co Ltd
146,979
153,911
145,616
153,911
– PT Indonesia AirAsia*
–
11,836
25,889
11,836
– AirAsia Inc (including Philippines AirAsia Inc)*
–
63,788
59,003
63,788
– AirAsia X Berhad
34,648
65,640
39,626
65,640
– AirAsia (India) Private Limited
26,213
28,488
26,222
28,488
– Asia Aviation Capital Limited
–
–
–
27,993
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
[ ]
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS
340