AirAsia Income Statement Estimation

AirAsia Q3 2016 - Income Statement (estimation) v2

batu88
Publish date: Wed, 05 Oct 2016, 03:42 PM
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AirAsia - Income Statement Estimation
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AIRASIA    
  Actual Estimate
  Quarter ended Quarter ended
  30/06/2016
RM'000		 30/09/2016
RM'000
Revenue 1,623,550 1,788,573
Staff Cost (243,862) (230,000)
Depreciation (181,528) (180,000)
Fuel (376,171) (394,419)
Maintenance (76,395) (70,000)
User charges and other related expenses (196,903) (200,000)
Aircraft Operationg lease expenses (121,960) (115,628)
Other operating expenses (71,196) (83,551)
Other Income 59,081 52,440
Operating Profit 414,616 567,415
Finance Income 18,461 19,100
Finance Costs (156,820) (162,250)
Net Operating Profit 276,257 424,265
Foreign Exchange (loss)/gain (33,880)           (184,000)
Foreign Exchange gain on amounts due from associates and jointly- controlled entities   -
Gain on disposal of interest in AirAsia Expedia Travel - -
Costs related to the sale and leaseback of aircraft  - -
Share of results of jointly controlled entities 5,918 7,648
Share of results of associates:                  5,517                19,050
(Loss)/profit before tax             253,812             266,963
Current Taxation (3,086) (5,339)
Deferred taxation 91,156 100,000
(Loss)/profit after tax 341,882 361,624
Earning per share                  12.28                  12.99
EPS after diluted                  10.24                  10.83

 

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Discussions
2 people like this. Showing 9 of 9 comments

batu88

股海無涯, this is what i learn from you. Appreciate that if you can share yours later for my reference. Appreciate that.

2016-10-05 17:47

dehouse1111

batu, how is your idea of the foreign ex loss of 184,000 then?

2016-10-05 20:06

Tee Tom

How could you derived on the current tax and deferred tax?

2016-10-05 20:18

cstanmyinvest

batu88 - please share your basis on the very much bigger foreign exchange loss of RM184 mil compared with RM34 mil in 2Q

2016-10-05 22:13

batu88

In 2015 annual report, it's mentioned that 5% weaken in ringgit will cost 293mil forex loss. As at 31 Dec 2015, then currency is 1 USD: 4.29 Ringgit. At at 30 June 2016 is 1 USD: 4.00 Ringgit. The strengthen is about 7.0% which is about 410M gain by estimation which is very close to actual 430M. (with Q1 +464m and Q2 -34). Thus with I use 293M x 3.4% weaken from Q2 16 to Q3 16. Thus, it's about 200M. I slightly adjust down due to the debt is reduce from 12.6b (Q4 15) to 10.7b (Q3 16).

2016-10-06 00:59

batu88

For deferred tax, I try few auditor, accountant and tax manager friends, they say that it's super hard to estimate. Thus, I only use past experience trend to estimate it. Could be very off compare to actual. I just try my luck this time. If accurate, then will use this method again in future. If not, will try other methods to estimate.

2016-10-06 01:08

股海無涯

basically i learn this format frm Icon8888, my original format is much complicated and hard to read. lets wait the operating statistic out then it will be much easier to estimate. anyway, thx for your sharing =D

2016-10-06 11:37

angelol

The deferred tax is totally out. It may turned to negative instead of positive.

2016-10-13 09:52

batu88

Angelol, can you roughly teach me how to estimate on deferred tax?

2016-10-19 15:40

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