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Surprised that AAX didn’t mention why they write off all Right-of-Use asset of RM4.9billion. Though we can find the reasons elsewhere in announcement or news, I am surprise that they didn’t put an explanatory note in their quarter report, out of expectation I thought AA and AAX are reputation companies with strong corporate governance. Or did I missed it?
Zariff, the QR loss so big mainly due to write off various lease assets, but the QR did not have any one word mention the reason for such action taken. They only mention a little bit about returned one aircraft.
Basic leasing account: recognize the lease asset based on contract terms and at the same time recognize the lease rental as lease liabilities. Now they write off assets about RM5 billion but the liabilities still there. Don’t they should explain a bit about this? I am very tiny investor, but my money is still good money.
Bankrupt or not I don’t know, but definitely now not worth any price, every figures are bad, now purely based on your faith on ToTony….thats risky to put your faith on other’s hand
