119
AirAsia X Berhad • Annual Report 2014
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before taxation
(605,361)
(212,060)
(570,095)
(212,142)
Adjustments:
Property, plant and equipment
- Depreciation
180,730
120,558
180,730
120,558
- Write off
4,890
-
4,890
-
Gain on disposal of aircraft and engine pursuant to sales and leaseback arrangement
(121,257)
-
(121,257)
-
Impairment of trade and other receivables
1,509
552
1,509
552
Interest expense
99,935
72,354
99,935
72,354
Amortisation of deposits for leased aircraft
59,723
4,068
59,723
4,068
Interest income
(1,051)
(3,032)
(1,051)
(3,029)
Interest income on deposits for leased aircraft
(5,298)
(579)
(5,298)
(579)
Fair value loss/(gain) on derivative financial instruments
134,858
(4,473)
134,858
(4,473)
Fair value (gain)/loss of shareholders’ benefits scheme
(1,990)
8,536
(1,990)
8,536
Share option expense
993
522
993
522
Share of results of an associate
19,516
502
-
-
Share of results of a joint venture
16,322
-
-
-
Net unrealised foreign exchange losses
90,736
61,850
90,772
61,912
(125,745)
48,798
(126,281)
48,279
Changes in working capital:
Inventories
(369)
(187)
(369)
(187)
Receivables, prepayments and other deposits
(285,065)
(89,626)
(285,029)
(89,961)
Related parties balances
(22,890)
(5,343)
(22,514)
(5,719)
Trade and other payables
403,743
79,839
403,635
81,571
Sales in advance
76,597
226,070
76,597
226,070
Cash generated from operations
46,271
259,551
46,039
260,053
Interest paid
(98,793)
(73,633)
(98,793)
(73,633)
Interest received
800
3,122
800
3,119
Tax recovered
-
1,716
-
1,716
Tax paid
(836)
(1,267)
(836)
(1,001)
Net cash (used in)/from operating activities
(52,558)
189,489
(52,790)
190,254
STATEMENTS OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
