378 / 396
42. Prior year adjustment
During the financial year, the Group reviewed the internal process at arriving to the cash flow hedge reserves balance and identified
an accounting error in the cash flow hedge reserves, foreign exchanges losses and the retained earnings in 2016. The following
figures have been adjusted as follows:
Recycling of cash flow hedge reserve to the Income statements
Group
Income statements
For the financial year ended 31 December 2016
As
previously
stated
RM’000
Adjustment
(Note (a))
RM’000
Other
Adjustments
(Note 43)
RM’000
As restated
RM’000
Foreign exchange gains (Note 8(c))
484,685
(428,384)
4,838
61,139
Statement of comprehensive income
For the financial year ended 31 December 2016
As
previously
stated
RM’000
Adjustment
(Note (a))
RM’000
Other
Adjustments
(Note 43)
RM’000
As restated
RM’000
Cash flow hedges
64,411
428,384
–
492,795
Statement of financial position
As at 31 December 2016
As
previously
stated
RM’000
Adjustment
(Note (a))
RM’000
As restated
RM’000
Retained earnings (Note 34(a))
5,294,468
(428,384)
4,866,084
Other reserves (Note 34(b))
(217,554)
428,384
210,830
Consolidated statement of changes in equity
For the financial year ended 31 December 2016
As
previously
stated
RM’000
Adjustment
(Note (a))
RM’000
As restated
RM’000
Retained earnings (Note 34(a))
5,294,468
(428,384)
4,866,084
Other reserves (Note 34(b))
(217,554)
428,384
210,830
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017
[ ]
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS
364