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AirAsia X Berhad • Annual Report 2014
7.
NON-AUDIT FEES
The amount of non-audit fees incurred for services rendered to the Company by the external auditors for the financial year ended 31 December 2014 were RM331,000 in connection
with tax consultancy and rights issue exercise.
8.
VARIATION IN RESULTS
There were no profit estimations, forecasts or projections made or released by the Company during the financial year ended 31 December 2014.
9.
PROFIT GUARANTEE
During the financial year ended 31 December 2014, the Company did not give any profit guarantee.
10. MATERIAL CONTRACTS INVOLVING DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
There were no material contracts entered into by the Company and its subsidiaries involving directors and major shareholders’ interest still subsisting at the end of the financial year
ended 31 December 2014.
11. RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
At the Annual General Meeting (“AGM”) held on 5 June 2014, the Company had obtained a shareholders’ mandate to allow the Company to enter into recurrent related party
transactions (“RRPTs”) of a revenue or trading nature.
The breakdown of the aggregate value of the RRPTs entered into by the Group during the financial year is as follows:
Transacting Parties
Nature of RRPTs
Class and relationship of the Related Parties
Actual value
1.
AirAsia Berhad (“AirAsia”)
Rights granted by AirAsia to our Company to operate
air services under the “AIRASIA” trade name and
livery in respect of our low-cost, long-haul air services.
Interested Directors
Tan Sri Dr. Tony Fernandes (“Tan Sri Dr. Tony
Fernandes”)
Datuk Kamarudin Bin Meranun (“Datuk Kamarudin”)
Dato’ Fam Lee Ee (“Dato’ Fam”)
Interested Major Shareholders
AirAsia
Tune Group Sdn. Bhd. (“Tune Group”)
Tan Sri Dr. Tony Fernandes
Datuk Kamarudin
RM2,595,000
2.
AirAsia
Provision of services by AirAsia to our Company in
respect of passenger insurance, regulatory issues
and infrastructure development, commercial services,
information and communications technology, treasury,
audit and consulting services, security, cargo and
manpower.
Shared services in relation to the respective
employees of our Company whose services are also
provided to AirAsia.
Interested Directors
Tan Sri Dr. Tony Fernandes
Datuk Kamarudin
Dato’ Fam
Interested Major Shareholders
AirAsia
Tune Group
Tan Sri Dr. Tony Fernandes
Datuk Kamarudin
RM4,289,000
RM726,000
ADDITIONAL COMPLIANCE INFORMATION
