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Air Asia 3-53

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AIRASIA BERHAD (Company o. 284669-W) (Incorporated in Malaysia with limited liability under the Companies Act, 1965) THIRD QUARTER REPORT ENDED 30 September 2010 A OU CEME T The Board of Directors of AirAsia Berhad (“AirAsia” or “the Company”) is pleased to announce the following unaudited consolidated results of AirAsia and its subsidiaries (collectively known as “the Group”) for the third quarter ended 30 September 2010. U AUDITED CO DE SED CO SOLIDATED I COME STATEME T INDIVIDUAL QUARTER
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    AIRASIA BERHAD (Company o. 284669-W)(Incorporated in Malaysia with limited liability under the Companies Act, 1965) THIRD QUARTER REPORT ENDED 30 September 2010 -1- AOUCEMET The Board of Directors of AirAsia Berhad (“AirAsia” or “the Company”) is pleased to announce thefollowing unaudited consolidated results of AirAsia and its subsidiaries (collectively known as “theGroup”) for the third quarter ended 30 September 2010. UAUDITED CODESED COSOLIDATED ICOME STATEMET 30/09/201030/09/200930/09/201030/09/2009NoteRM'000RM'000RM'000RM'000 Revenue987,558739,6682,806,2552,284,795  Cost of Sales(510,666)(483,892)(1,572,540)(1,283,793)  Gross profit from operations476,892255,7761,233,7151,001,002  Other operating expenses(46,043)(49,982)(136,031)(114,441)  Other income-24,457-77,280  Profit from operations430,849230,2511,097,684963,841  FRS 139 Adjustment 10 (49,154)-(95,164)-  Net Finance (cost) / income 24 63,11814,25179,264(250,833)  Depreciation and amortisation(134,956)(108,242)(372,706)(308,232)  Exceptional item 25 ---(6,238)  Share of results of jointly controlled entity 20 ----  Share of results of associate 20 ----  Profit before taxation309,857136,260709,078398,538  Current taxation 26 (3,845)(323)(10,990)(623)  Deferred taxation 26 21,274(5,865)52,23974,482  Profit after taxation327,286130,072750,327472,397   Attributable to:-Equity holders of the company327,286130,072750,327472,397  327,286130,072750,327472,397  Basic earnings per share (sen) 11.95.327.219.2  Diluted earnings per share (sen)11.85.327.119.2  CUMULATIVEINDIVIDUAL QUARTERPeriod endedPeriod endedQuarter endedQuarter ended   The condensed consolidated income statement should be read in conjunction with the audited financial statements for thefinancial year ended 31 December 2009 and the accompanying explanatory notes attached to the audited financial statements.    AIRASIA BERHAD (Company o. 284669-W)(Incorporated in Malaysia with limited liability under the Companies Act, 1965) THIRD QUARTER REPORT ENDED 30 September 2010 -2- UAUDITED CODESED COSOLIDATED STATEMET OF COMPREHESIVEICOME 30/09/201030/06/200930/09/201030/06/2009NoteRM'000RM'000RM'000RM'000Profit/(Loss) for the period 327,286130,072750,327472,397Other comprehensive income / (loss) 11 45,316-15,360- Cash flow hedges Total comprehensive income/(loss)for the period 372,602130,072765,687472,397Total comprehensive income/(loss) attributable to:Equity holders of the company372,602130,072765,687472,397Minority Interest----  INDIVIDUAL QUARTERCUMULATIVEQuarter endedQuarter ended(restated)Period endedPeriod ended(restated)      AIRASIA BERHAD (Company o. 284669-W)(Incorporated in Malaysia with limited liability under the Companies Act, 1965) THIRD QUARTER REPORT ENDED 30 September 2010 -3- UAUDITED CODESED COSOLIDATED STATEMET OF FIACIALPOSITIO 30/09/201031/12/2009RM'000RM'000NoteNON CURRENT ASSETS Property, plant & equipment 12 8,989,4207,942,188 Investment in associates2929 Derivative Financial Instruments 32 31,965-  AFS Financial Assets135,88226,704 Goodwill 8,7388,738 Deferred tax asset803,513751,274 Long term prepayments23,09423,593  Amount due from a jointly controlled entity161,797171,885  Amount due from associates230,881253,037 10,385,3199,177,448  CURRENT ASSETS Inventories (at cost)29,84420,864 Derivative Financial Instruments 32 19,181- Trade receivables48,45568,526 Prepayment, deposits and other receivables736,553652,556 Deposit on aircraft purchase261,357330,978  Amount due from a jointly controlled entity143,082194,503  Amount due from associates99,530203,851 Deposits, bank and cash balances934,853746,312 2,272,8552,217,590  CURRENT LIABILITIES Trade and other payables842,360872,990 Sales in advance308,248283,224 Borrowings 30 506,541540,212 Hire-purchase payables2556 Current tax liabilities19,0549,824 1,676,2281,706,306  NET CURRENT ASSETS596,627511,284 NON CURRENT LIABILITIES Borrowings 30 7,133,2657,067,696 Hire-purchase payables016 Derivative Financial Instruments 32 526,663- 7,659,9287,067,712  3,322,0182,621,020 CAPITAL AND RESERVES Share capital 7 276,540275,774 Reserves3,045,4782,345,246Shareholders' funds3,322,0182,621,020  3,322,0182,621,020  Net assets per share attributable to ordinaryequity holders of the Company (RM) 1.200.95 AS ATAS AT The condensed consolidated statement of financial position should be read in conjunction with the audited financial statementsfor the financial year ended 31 December 2009 and the accompanying explanatory notes attached to the interim financialstatements.      AIRASIA BERHAD (Company o. 284669-W)(Incorporated in Malaysia with limited liability under the Companies Act, 1965) THIRD QUARTER REPORT ENDED 30 September 2010 -4- UAUDITED CODESED COSOLIDATED CASH FLOW STATEMETS 30/09/201030/09/2009RM'000RM'000CASH FLOWS FROM OPERATING ACTIVITIES Profit/(Loss) before taxation709,078398,539  Adjustments:Property, plant and equipment- Depreciation372,706308,229 - Gain on disposal-(37,662) FRS 139 Adjustment95,164-  Amortisation of long term prepayments4,5064,333  Amortisation of other investments99 Unrealised foreign exchange (gain)/loss(295,626)19,422 Interest expense277,076274,825 Interest income(56,720)(2,620) 1,106,193965,075  Changes in working capital Inventories(8,980)(6,242) Receivables and prepayments127,391165,833 Trade and other payables(302,466)(313,010) Intercompany balances69,983(182,787)  Cash generated from / (used in) operations 992,121628,869 Interest paid(214,246)(274,825) Interest received51,4852,620 Tax paid(3,424)(3,097)  Net cash from / (used in) operating activities825,936353,567 CASH FLOWS FROM INVESTING ACTIVITIES Property, plant and equipment- Additions(1,419,938)(1,133,572) - Proceeds from disposal-165,416 Deposit on aircraft purchase38,371(1,182) Long term prepayments(4,007)(24,329)  Additional unquoted investments(19,190)-  Net cash used in investing activities(1,404,764)(993,667) CASH FLOWS FROM FINANCING FACILITIES Proceeds from allotment of shares8,264508,757 Hire purchase instalments paid(47)(58) Proceeds from borrowings1,190,7921,014,160 Repayment of borrowings(431,640)(509,259) Deposits pledged as securities(663)4,347  Net cash from financing activities766,7061,017,947 NET INCREASE/(DECREASE)FOR THE FINANCIAL YEAR 187,878377,847  CASH AND CASH EQUIVALENTS AT BEGINNINGOF THE FINANCIAL YEAR 718,465120,804  CASH AND CASH EQUIVALENTS AT END OFFINANCIAL YEAR*906,343498,651  Net Cash Flow187,878377,847 * The balance at end of financial period excludes fixed deposits of RM28.510 million (30/09/09:RM28.611 million) pledged with licensed bank as securities for banking facilities granted to the CompanyThis Condensed Consolidated Cash Flow Statement should be read in conjunction with the AnnualFinancial Statements for the financial year ended 31 December 2009 PERIOD ENDEDPERIOD ENDED
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