Annual Report 2019

Accountability 182 Corporate Governance Overview Statement 191 Audit Committee Report 195 Statement on Risk Management and Internal Control 201 Additional Compliance Information Reports and Financial Statements 206 Directors’ Report 211 Statement by Directors 211 Statutory Declaration 212 Independent Auditor’s Report 218 Income Statements 219 Statements of Comprehensive Income 220 Statements of Financial Position 222 Consolidated Statement of Changes in Equity 223 Statement of Changes in Equity 224 Statements of Cash Flow 227 Notes to the Financial Statements Other Additional Information 338 Analysis of Shareholdings 341 List of Properties Held Under AirAsia Berhad 343 Sales Offices & Stations 346 Glossary