Airasia Berhad.
Table of Contents
Executive Summary 3
1. Introduction 5
2. Analysis 6 2.1 Shareholders 6 2.2 Supplier 7 2.3 Employee 8 2.4 Lending Institutions 9
3. Overall Comparison of Years (Refer to Appendix 1-5) 10 3.1 Profitability 10 3.2 Efficiency 10 3.3 Liquidity 11 3.4 Gearing 12 3.5 Investment 12
4. Sources of Finance 13
5. Market Value of Share 14
6. Economic Conditions 15 6.1 Political 15 6.2 Economic 15 6.3 Social 16 6.4 Technology 16 6.5 Environment 16
7. View of Chairman’s statement (Refer to AirAsia 2010 Annual Report, pp.58-60) 17
8. Would you buy shares? 18
9. General Information about Company (Refer to Appendix 11-19) 19
10. Reference 20
Appendix Appendix 1 AirAsia Berhad (Group)'s Income Statement 24 Appendix 2 AirAsia Berhad (Group)'s Balance Sheet 25 Appendix 3 AirAsia Berhad (Group)'s Cash Flow Statement 26 Appendix 4 AirAsia Berhad (Group)'s Financial Ratio 27 Appendix 5 AirAsia Berhad (Group)'s Market Share Price (1/1/2009-31/12/2010) 31 Appendix 6 Malaysia Airline System Berhad (Group)' Income Statement 41 Appendix 7 Malaysia Airline System Berhad (Group)'s Statement of Financial Position 42 Appendix 8 Malaysia Airline System Berhad (Group)'s Statement of Cash Flows 43 Appendix 9 Malaysia Airline System Berhad (Group)'s Financial Ratio 44 Appendix 10 Malaysia Airline System Berhad (Group)'s Market Share Price 2009-2010 47 Appendix 11 AirAsia is the world’s seventh largest airline group and could become the second largest by 2020 52 Appendix 12 Expedia's Partnership with AirAsia Is Just the Ticket for Growth 53 Appendix 13 AirAsia and ANA form low cost venture 54 Appendix 14 Airbus secures 200 jet order from AirAsia 55 Appendix 15 AirAsia plans to open regional headquarters in Jakarta 57 Appendix 16 Fuel surcharges – is it justified? 60 Appendix 17 AirAsia defers delivery of eight Airbus A320s 62 Appendix 18 AirAsia’s net profit falls 23% on
Executive Summary 3
1. Introduction 5
2. Analysis 6 2.1 Shareholders 6 2.2 Supplier 7 2.3 Employee 8 2.4 Lending Institutions 9
3. Overall Comparison of Years (Refer to Appendix 1-5) 10 3.1 Profitability 10 3.2 Efficiency 10 3.3 Liquidity 11 3.4 Gearing 12 3.5 Investment 12
4. Sources of Finance 13
5. Market Value of Share 14
6. Economic Conditions 15 6.1 Political 15 6.2 Economic 15 6.3 Social 16 6.4 Technology 16 6.5 Environment 16
7. View of Chairman’s statement (Refer to AirAsia 2010 Annual Report, pp.58-60) 17
8. Would you buy shares? 18
9. General Information about Company (Refer to Appendix 11-19) 19
10. Reference 20
Appendix Appendix 1 AirAsia Berhad (Group)'s Income Statement 24 Appendix 2 AirAsia Berhad (Group)'s Balance Sheet 25 Appendix 3 AirAsia Berhad (Group)'s Cash Flow Statement 26 Appendix 4 AirAsia Berhad (Group)'s Financial Ratio 27 Appendix 5 AirAsia Berhad (Group)'s Market Share Price (1/1/2009-31/12/2010) 31 Appendix 6 Malaysia Airline System Berhad (Group)' Income Statement 41 Appendix 7 Malaysia Airline System Berhad (Group)'s Statement of Financial Position 42 Appendix 8 Malaysia Airline System Berhad (Group)'s Statement of Cash Flows 43 Appendix 9 Malaysia Airline System Berhad (Group)'s Financial Ratio 44 Appendix 10 Malaysia Airline System Berhad (Group)'s Market Share Price 2009-2010 47 Appendix 11 AirAsia is the world’s seventh largest airline group and could become the second largest by 2020 52 Appendix 12 Expedia's Partnership with AirAsia Is Just the Ticket for Growth 53 Appendix 13 AirAsia and ANA form low cost venture 54 Appendix 14 Airbus secures 200 jet order from AirAsia 55 Appendix 15 AirAsia plans to open regional headquarters in Jakarta 57 Appendix 16 Fuel surcharges – is it justified? 60 Appendix 17 AirAsia defers delivery of eight Airbus A320s 62 Appendix 18 AirAsia’s net profit falls 23% on