Group

Note 2016
RM'OOO
Revenue l la) 6,846,085
Other Income l ib) 352,703
Operating expenses
Sroff cosrs 2 l l,015,2581
Depreciation of property,planr and equipment 8 (710,8431
Alrcrah fuel expenses (1,578,4731
Maintenance andoverhaul (218,7531
Usercharges 4 (801,6561
Aircraft operating leo,se expenses (479,4851
Otheroperating expenses 3 (283,031I
operating profir 2, 111,289

finance income 5 134,923

finance cosrs 5 (593,0611
Net operating profit 1,653,151
Foreign exchange gain/(losses) 5 484,685
Goin on disposalof Interest In a joint venture 11
Impairment of lnvesrmenr inassoc lores 11,637,501
Share of results of jointvenrures 10 24,285
Shore of resulrs of assoclores 11 134,704
Profir/(loss) before taxation
Taxo:rion
- Currenttaxation 6
6
Il - Deferred taxation
D

Net profit for the financial year 2,046,942

2, 133,075 215,150 2,309,916 (253,362)

(6,394) (35,852) (5,3961 (35,838)

(79,739) 361,982 1,797,391 361,809
(86,1331 326,130 (85,1351 325,971
 Company
2015 2016 2015
RM'OOO RM'OOO RM'OOO
6,297,658 5,948,139 6,001,933
257,975 917,035 212,153

(759,420) 19,648,251 1732,935)

(703,245) 15,620,241 1691,853)
(2,000,650) ( 1,578,4731 (2,000,650)
1196,883) (227,9581 (196,637)
(685,013) 18,016,561 1684,342)
1330.791J (90,8441 ( 102,232)
1283.758) 12,316,791 (260,394)
1,595,873 2,407,715 1,545,043

154,148 110,190 127,004

1724,035) (526,3441 (713,196)
1,025,986 1,991,561 958,851
(331,338) 482, 105 1336,560)
320,500
( 163,7501 (875,653)
25,492
(825,490)

541,280 2,224,781 72,609

 Group Company

Note 2016 2015 2016 2015

RM'OOO RM'OOO RM'OOO RM'OOO
NON-CURR ENT ASSETS

Properry, plant and equipment 8 10,826,682 10,927,645 7,858,892 9,805,655

lnvesmienr in subsiciorles 9 179,754 64,860

lnvesmienr in jointvenrures 10 188,309 164,024 81,559 81,559

lnvesmienr in o,ssoc lares 11 2,210,587 1,020,640 1,533,678 712,398

Available-for-sole financialasseis 12 356,605 235,097 351,167 235,097

lnrangible assets 13 121,829 19,184

Deferredtax as.sets 14 749,211 828,950 749,038 828,777

Receivables and prepayments 15 1,433,054 1,412,242 1,379,778 1,385,308

Deposits on alrcrah purchase 16 112, 133 334,487 112, 132 334,487

Amounrsdue fromassoclo:res 17 344,861 1,142,119 344,861 1,034,869

Derivative financial insrrumenrs 18 867,949 945,490 867,949 945,490

17,211,220 17,029,878 ### ###

CURRENT ASSETS

Inventories 19 43,866 26,152 43,650 26,152

Receivables and prepayments 15 1,087,657 617,422 1,004,718 536,340

Deposits on aircraft purchase 16 658,115 348,820 658,115 348,820

Derivative financial insrrumenrs 18 665,668 419,112 665,668 419,112

Amounts due from subsi ories 20 800,970 406,225

Amounts due from jointvenrures 21 8,952 5,708 8,952 5,708

Amounisdue from o.ssociares 17 511,446 394,970 282,047 297,976

Amounts due from relo:red parries 20 37, 424 43,851 16,102 15,787

Tax recoverable 19,466 3,648 19,856 3,338

Deposits, co,sh and bank balances 22 1.741573 2,426,696 1,426,886 2,262,641

4.774167 4,286,379 4,926,964 4,322,099

Note 2016 2015 2016 2015

RM'OOO RM'OO RM'OOO RM'OO
O O
lESSt CU RRENT LIABI LITI ES

Tradeand oilier payables 23 1,882,183 1,634,057 1,819,376 1,523,359

Soles In advance 607,735 664,251 606,018 662,330
Amounrsdue ro subsidiaries 24 341,216
Amounrsdue ro associates 17 3,978 25,290
Amounrsdue ro related parries 24 29,999 13,661 58,351 13,661
Borrowings 25 1,945,203 2,377,256 1,575,n1 2,251,537
Derivative financ al nsrrumenrs 18 448,873 582,491 448,873 582,491
4,917,971 5,271,716 4,533,629 5,374,594
N ET CURRENT (LIABI LITI ( 143,804) (985,337) 393,335 ( 1,052,49
ES)/ASSETS 5)
NON-CU RRENT LIABI LITIES
Tradeand oilier payables 23 1,529,293 1,043,994 1,497,466 1,013,936
Amounts due toassociates 17 118,898 76,216 21,934 21,622
Amount due to a related parry 24 9,455
Borrowings 25 8,633,939 ### 6,219,922 9,431,567
Derivative financ al nsrrumenrs 18 148,052 237,898 148,052 237,898
10,439,637 ### 7,887,374 ###
6,627,779 4,450,854 5,964,769 3,670,982
CAPITAL AND RESERVES
Shore caplral 26 278,297 278,297 278,297 278,297
Shore premium 1,230,941 1,230,941 1,230,941 1,230,941
Treasury shares ( 160) ( 160)
Foreign exchange reserve 46,993 18,948
Retained earnings 27(al 5,294,468 3,355,740 4,644,678 2,531,212
Other reserves 27(bl (217,554) (431,598) ( 188,987) (369,468)
6,632,985 4,452,328 5,964,769 3,670,982
Non-controllinginterests (5,206) 11,474)
Toral equiry 6,627,779 4,450,854 5,964,769 3,670,982
 2016
debt to asset ratio liablity /assets

15354608 21,985,387
0.698400624

ard for companies of similar size and activity. For creditors, a lower debt-to-asset ratio is preferred as it means shareh

17,211,220 21,985,387

4,774,167

2017
5,333,843 17,351,383
9,630,155 4,322,695
total liablity 14,963,998 21,674,078 total asset

debt to asset ratio liablity /assets

0.690409898866
 2018

total libality 12,364,506 total asset 18,549,771

6,850,358 9,731,923
5,514,148 8,817,848

debt to asset ratio liablity /assets

0.666558417351891

2019

total liablity total assets

7,135,469 22,683,978 25,594,718 5,292,363
15,548,509 20,302,355

debt to asset ratio liablity /assets

debt to asset ratio 0.886275754239605
 2016 2017 2018
Return on equity (ROE) 0.30884283 0.23418111 0.27410208
~ Dividend pay-out ratio -0.05438112 -0.5104132 -1.0250284
~ Net cash from operations to profit before tax (PBT) 53,938 2,252,034 -302,423
~ Current ratio 0.97075949 0.81042787 1.28720981
~ Price / earnings (PE) 0.30257802 0.46896552 0.28913413

Return on equity (ROE)

net income 2,046,942 1,571,374 1,695,394
shareholder equity 6,627,779 6,710,080 6,185,265
~ Dividend pay-out ratio
dividend -111,315 -802,050 -1,737,827
net income 2,046,942 1,571,374 1,695,394
~ Net cash from operations to profit before tax (PBT)
Net Operating (Loss)/ Profit 2,169,911
-82,123
NA

~ Current ratio
current asset 4,774,167 4,322,695 8,817,848
current liab 4,917,971 5,333,843 6,850,358

~ Price / earnings (PE)

share price 22.3 23.12 17.03
earning per share 73.7 49.3 58.9
2019 2020
-0.09730275 1.1064652598811
NA 3.14440907417947
-521,660 -3,347,084
0.74169799 0.44217391625957
-1.84574468 -0.7627450980392

-283,223 -1,084,087
2,910,740 -979,775

0 -3,408,813
-283,223 -1,084,087

68,834 3,150,542
105,973 52,454
247,593 248,996
448,874

5,292,363 3,347,536
7,135,469 7,570,632

17.35 19.45
-9.4 -25.5