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[转贴] 油價越跌,AIRASIA越慘 - 朱冠華

Tan KW
Publish date: Mon, 09 May 2016, 05:41 PM
Tan KW
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2016年5月9日 星期一 

 
2014年-2015年,油價從100美元暴跌到30美元一桶時,令吉也因此暴跌。
 
這段時間,AIRASIA的財務發生什麼事情?
 
 
1)外債因為令吉貶值,損失1,982,902,000
 
 
2)聯營公司因為令吉貶值,帳面增加792,001,000
 
 
3)營業額從5,111,822,000增加到6,297,658,000,燃油開支從佔營業額43.27%減少到31.76%
2014-2015年,大概節省了89,359,000724,860,000,總共節省814,219,000
 
 
簡單總結:
損失1,982,902,000,對比賺取的1,606,220,000
2014-2015年,Airasia虧損了376,682,000
 
但是,外債因為令吉貶值損失1,982,902,000,是實數。
 
節省的石油開支,機票卻因為競爭而未必能保持高油價時期的價格,所以節省的石油需要因為競爭而維持機票的競爭力,所以節省的錢不是實數。
 
聯營公司因為令吉貶值,兩年增加的帳面792,001,000,也不是實數。只是會計美化的帳面增值,沒有實際。
 
因為聯營公司的淨資產才328,048,000,營業額才107,103,000,稅後利潤才48,481,000,如何可能有792,001,000的增值呢?(帳目可疑?)
 
 
最後總結就是:
油價越跌,令吉越跌,AIRASIA的財務越糟糕。
 
所以AIRASIA的實際損失比376,682,000還要多很多。
 
你知道為何AIRASIA最近為何私下供股籌集10億令吉來應付資金週轉不靈嗎?
 
石油和令吉沒有暴跌前的2013年,AIRASIA的短期借貸是1,119,436,000,2015年是2,377,256,000,因為令吉貶值而瞬間暴增12.5億令吉。
 

現在,你知道為何AIRASIA要私下供股籌集10億令吉了吧?

 
 
 

 

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2 people like this. Showing 13 of 13 comments

moneySIFU

三块钱不是梦想。。。

2016-05-09 18:27

Ivan Lim

去年是有问题,不过现在已经消化了,马币没贬了

2016-05-09 19:27

paperplane2016

The argument is wrong also!
Debts is usd, but longterm, it is fair valued only. Oil saving however is trur and real. So you have higher debts to serve future, but saving money now.

2016-05-09 19:47

Icon8888

1)外債因為令吉貶值,損失1,982,902,000

the above information wrong

Air Asia did incur forex loss of RM1.9 billion. However, they hedged 50% of their currency exposure. Those hedges resulted in RM931 mil gain. The net forex loss was hence RM933 mil only, not RM1.9 billion

Please refer to item 27 of Dec 2015 quarterly report

2016-05-09 20:57

paperplane2016

Eh, tot icon wanna quit i3 forum? Main main saja? Cakap main main

2016-05-09 20:59

Kasseylim

Threaten to quit yesterday but today alone make dozen post about AirAsia, AirAsia, AirAsia. These attention seeker Icon8787 is lying

2016-05-09 21:01

paperplane2016

Oklah, airasia we earn together, wait rm4 to sell little later.
If crude oil still ard usd40 lah.

Once above usd70, need to seriously reduce stake., too much airasia.

2016-05-09 21:02

Kasseylim

Shameless, taking credit from Pplane hard work

2016-05-09 21:03

blackspy

汇率损失只是纸上数字,因为借贷是长期的。影响的只是需要还的利息。

2016-05-09 22:47

Ricky Kiat

half bucket water article, PP 1 billion by TF because he want to increase stake when company prospect is very good in future. Low oil price is very good for AA in long term(60%cost).

2016-05-10 08:09

goreng_kaki

run btter, will drop back 80 sen

2016-05-10 11:35

moneySIFU

forex gain/loss is one off thing, after a while, no one will remember that. Losses already captured & no more forex loss unless RM depreciated more than RM4.40.

2016-05-10 13:38

paperplane2016

nope, forex is not one off thing, it is on going things. Just need to hedge it only.

2016-05-10 14:21

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