Financial Statements for the Malaysian Airline System

Financial Statements For Malaysian Airline System Bhd (MAS)
Year over year, Malaysian Airline System Bhd has seen revenues remain relatively flat (13.7B MYR to 13.3BMYR), though the company was able to grow net income from a loss of 2.5B MYR to a smaller loss of 432.6MMYR. A reduction in the percentage of sales devoted to cost of goods sold from 118.63% to 106.25% was a key component in the bottom line growth in the face of flat revenues.
View Income Statement In U.S. Dollar

Income StatementBalanceSheetCash Flow
Currency in
Millions of Malaysian Ringgits
As of:
Dec 31
2009
Restated
MYR
Dec 31
2010
Restated
MYR
Dec 31
2011
MYR
Dec 31
2012
MYR
4 Year
Trend
Revenues
11,340.9
12,978.4
13,653.9
13,286.6

TOTAL REVENUES
11,340.9
12,978.4
13,653.9
13,286.6

Cost Of Goods Sold
12,220.3
13,409.1
16,197.2
14,117.4

GROSS PROFIT
-879.4
-430.7
-2,543.3
-830.8

Other Operating Expenses
-264.6
-607.2
-247.5
-469.8

OTHER OPERATING EXPENSES, TOTAL
-264.6
-607.2
-247.5
-469.8

OPERATING INCOME
-614.8
176.4
-2,295.7
-361.0

Interest Expense
-67.0
-167.3
-159.3
-235.3

Other Non-Operating Expenses, Total
1,173.7
272.9
-57.8
171.5

Other Non-Operating Income (Expenses)
1,161.4
193.4
62.2
-17.2

EBT, INCLUDING UNUSUAL ITEMS
491.8
282.0
-2,512.9
-424.8

Income Tax Expense
-31.1
44.7
8.4
5.9

Minority Interest In Earnings
-2.9
-2.9
-2.7
-1.8

Earnings From Continuing Operations
522.9
237.3
-2,521.3
-430.7

NET INCOME
520.0
234.5
-2,524.0
-432.6

NET INCOME TO COMMON INCLUDING EXTRA ITEMS
520.0
234.5
-2,524.0
-432.6

NET INCOME TO COMMON EXCLUDING EXTRA ITEMS
520.0
234.5
-2,524.0
-432.6

Financial Statements For Malaysian Airline System Bhd (MAS)
Although debt as a percent of total capital decreased at Malaysian Airline System Bhd over the last fiscal year to 81.75%, it is still in-line with the Airlines industry's norm. However, there are not enough