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@meei shian what do u think about the core net profit of AirAsia group? YoY improved? Should we exclude depreciation of right use of asset for the calculation?
Cash flow increase, depreciation of right use is a rental cost for several years, non current asset increase because add an amount of right use of non current asset.
I saw ur comment asking ppl whether that share will go up or nt tis mth?ei dik dah 20still ask tis type of quest if he knows will go up or nt he oredi all in no nid wasting time chitcchat v u la aiyo, better ask something abt company la
It means when u own the asset u can depreciate over useful life so when the asset have 10years life u depreciate over 10year each year expense is lower,if u lease the asset, u need to depreciate with lower of lease period or useful life,if lease period only 3years then depreciation may be higher
But as an auditor i understand depreciation have nothing to do with cash. It just merely to show, somemore can deduct tax in term of Capital Allowance, that why it show higher deferred tax asset.
Let say you buy a car rm100, every year depreciation rm10. 10 year later it become rm0, but you did not pay any cash for this 10 year. But let say you sell the car for rm50, then you will get profit of rm50 gain on disposal.
Erm, i m nt doubting u ah i juz asking for discussion ah, u need to depr the asset bcoz u paying lease liabilties? But u never record lease liabilities the first year in ur sopl rite u only record in sofp so u need to depreciate over years in ur sopl?? Do i have any wrong concept?
But my concept is u record the car in ur sofp at first but u oredi pay out the money n never record in sopl at first so u pay it as expense in ur sopl for years rather than lump sum in first year
各位晚上好。建议大家去看看qr 里面的note2b(ii), 哪里有explained if using the old accounting standards before MFRS16, the operating lease rental is rm535.9mil, even higher than the depreciation of use of assets rights. 另外一部分record as finance expenses了。
one important point of the new mfrs 16 is there is contractual obligation ie AA is binded with the lease contract for the entire lease term, no withdrawal with zero cost. hence mfrs 16 treat it as liability of future lease payment has been conclusive, thus the liability was recognised and release to PNL throughout the lease term. In short, it is actually reflecting AA financial more accurately.
Real truth and dont just be blinded by surface numbers:
Revenue increased sharply to RM3.14 billion from RM2.62 billion previously. Strong growth in revenue was driven by an 18 per cent year-on-year (y-o-y) increase in passengers carried to 12.8 million.
Revenue per available seat kilometre (RASK) grew by four per cent to 15.40 sen in Q2, driven by firm demand, with load factor remaining strong at 85 per cent despite a substantial 17 per cent increase in available seat kilometres (ASK).
Ancillary revenue also grew by 39 per cent y-o-y, recorded at RM687 million for the consolidated group, driven by both traditional airline ancillary and non-airline ancillary streams
EBITDA decreased only nine per cent y-o-y to RM473 million in the quarter under review, primarily due to share of prior years’ losses at AirAsia India that was previously not recognised amounting to RM147 million.
It was also due to the additional cost related to building up RedBeat Ventures entities, 105 per cent higher maintenance and overhaul expenses on the back of higher maintenance provisions of approximately RM160 million following a higher number of leased aircraft due to the recent aircraft monetisation exercise, and RM10 million fine from the competition watchdog.