144
AirAsia X Berhad • Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2014
16 INVESTMENTS IN SUBSIDIARIES
Company
2014
RM’000
2013
RM’000
Unquoted investments, at cost
#
#
#
Denotes RM21 (2013: RM12).
The details of the subsidiaries are as follows:
Name
Country of incorporation
Group’s effective equity interest Principal activities
2014
2013
%
%
AirAsia X Services Pty Ltd*
Australia
100
100
Provision of management logistical and marketing services
AAX Capital Limited
Malaysia
100
100
Dormant
AAX Leasing I Limited
Malaysia
100
100
Engine leasing
AAX Mauritius One Limited*
Mauritius
100
100
Provide aircraft leasing facilities to Thai AirAsia X Co. Ltd
AirAsia Capital II Limited*
Malaysia
100
-
Dormant
Fly X Limited*
Malaysia
100
-
Dormant
*
Not audited by PricewaterhouseCoopers, Malaysia
On 20 October 2014, a wholly-owned subsidiary of the Company, AirAsia Capital II Ltd was incorporated in Labuan, Malaysia as a special purpose financing vehicle for the
Company. The initial share capital of AirAsia Capital II Ltd is USD1.00 comprising 1 ordinary shares of USD1.00.
On 28 April 2014, a wholly-owned subsidiary of the Company, Fly X Limited as a special purpose financing vehicle was incorporated in Labuan, Malaysia for the Company’s
aircraft pre-delivery payment purpose. The initial share capital of Fly X Limited is USD1.00 comprising 1 ordinary shares of USD1.00.
17 INVESTMENT IN AN ASSOCIATE
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Unquoted investments, at cost
20,018
20,018
20,018
20,018
Group’s share of post-acquisition losses
(20,018)
(502)
-
-
-
19,516
20,018
20,018
