148
AirAsia X Berhad • Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2014
18 INVESTMENT IN A JOINT VENTURE (CONTINUED)
Summarised financial information for joint venture
Set out below is the summarised financial information for the joint venture which is accounted for using the equity method:
Summarised balance sheet
IAAX
2014
RM’000
Current
Cash and cash equivalents
54,211
Other current assets
54,766
Total current assets
108,977
Non-current
Assets
26,634
Financial liabilities
(26,222)
Other liabilities
(32,723)
Total current liabilities
(58,945)
Net assets
76,666
Summarised statement of comprehensive income
IAAX
for period ended
31 December 2014
RM’000
Revenue
7
Cost of sales
(28,181)
Other operating expenses
(5,562)
Interest income
641
Interest expense
(215)
Loss before and after tax
(33,310)
Other comprehensive income
-
Total comprehensive loss
(33,310)
Dividend received from joint venture
-
