()

( )

31 .. 2554

 ()
( )

31 .. 2554 .. 2553

.. 2554
.. 2553

.. 2554
.. 2553

694,425,971

260,382,950

977,900

6,472,054

7,373,833
4,651,341
97,835,916
140,742,129
26,128,736
115,024,798
351,470,624
13,392,997

25,000,000
4,489,237
55,286,737
1,366,092,516
52,583,531
3,195,014
89,121,327
135,384,430
43,855,459

3,530,000

1,451,046,345

2,035,391,201

4,507,900

6,472,054

11
12

28,559,991
3,534,044

12,487,800
3,743,550

403,999,930
-

400,000,000
-

13
14
15
16

154,498,165
7,274,065
286,184,317
292,419,374

137,327,711
10,563,422
286,184,317
240,112,467

2,006
1,052
-

5,800
2,012
-

772,469,956

690,419,267

404,002,988

400,007,812

2,223,516,301

2,725,810,468

408,510,888

406,479,866

9
10
24.5
24.7

-
-

 ()
( )
()
31 .. 2554 .. 2553

.. 2554

.. 2553

.. 2554

.. 2553

54,025,061

87,507,017

33,848,064

23,895,235

17

100,000,000

24.6

184,156,928

2,081,108,171

486,987

1,385,345,343

1,186,722,330

247,386,536

194,954,635

4,577,061

100,000

247,859,915

2,431,587

579,141

7,175,962

9,758,086

20,736

5,167

2,162,229,396

3,684,524,615

4,597,797

592,154

6,713,256

4,719,811

689,263

42,203,653

53,636,720

689,263

2,215,866,116

3,685,213,878

4,597,797

592,154

18

18

19

 ()
( )
()
31 .. 2554 .. 2553

.. 2554

.. 2553

.. 2554

.. 2553

485,000,000

410,000,000

485,000,000

410,000,000

410,000,000

410,000,000

410,000,000

410,000,000

(15,526,868)

(386,822,947)

(1,369,403,410)

(6,086,909)

(4,112,288)

7,650,185

(959,403,410)

403,913,091

405,887,712

2,223,516,301

2,725,810,468

408,510,888

406,479,866

()

20

4,850,000,000
0.1
(.. 2553 : 41,000,000
10 )

4,100,000,000

0.1
(.. 2553 : 41,000,000
10 )

11

 ()
( )

31 .. 2554 .. 2553

.. 2554

.. 2553

.. 2554

.. 2553

8,123,184,534

6,049,363,033

(6,915,278,360)

(4,982,586,529)

1,207,906,174

1,066,776,504

77,957,909

178,421,116

225,998,637

181,520,690

26,232

16,190

1,511,862,720

1,426,718,310

26,232

16,190

(223,941,917)

(178,965,693)

(181,869,947)

(121,248,944)

(2,000,853)

(591,831)

1,106,050,856

1,126,503,673

(1,974,621)

(575,641)

(91,928,865)

(121,561,295)

()

1,014,121,991
-

1,004,942,378
-

(1,974,621)
-

(575,641)
-

()

1,014,121,991

1,004,942,378

(1,974,621)

(575,641)

()

1,014,121,991

1,004,942,378

(1,974,621)

(575,641)

0.25

0.25

(0.00)

(0.00)

21

()

22

()
()

23

 ()
( )

31 .. 2554 .. 2553

410,000,000

(2,374,345,788)

(1,964,345,788)

1,004,942,378

1,004,942,378

31 .. 2553

410,000,000

(1,369,403,410)

(959,403,410)

1 .. 2554

410,000,000

(1,369,403,410)

(959,403,410)

(31,541,528)

(31,541,528)

410,000,000

(1,400,944,938)

(990,944,938)

(15,526,868)

(15,526,868)

1,014,121,991

1,014,121,991

410,000,000

(386,822,947)

(15,526,868)

7,650,185

1 .. 2553

3.2

11

31 .. 2554

 ()
( )
()
31 .. 2554 .. 2553

410,000,000

(403,536,647)

6,463,353

400,000,000

400,000,000

410,000,000

(3,536,647)

406,463,353

(575,641)

(575,641)

31 .. 2553

410,000,000

(4,112,288)

405,887,712

1 .. 2554 -

410,000,000

(404,112,288)

5,887,712

400,000,000

400,000,000

410,000,000

(4,112,288)

405,887,712

410,000,000

(4,112,288)

405,887,712

(1,974,621)

(1,974,621)

410,000,000

(6,086,909)

403,913,091

1 .. 2553 -

3.4

1 .. 2553 -

3.4

1 .. 2554 -

31 .. 2554

3.2

 ()
( )

31 .. 2554 .. 2553

()
:

13

14
()

()
22, 24.2

19

(
)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
()

.. 2554
.. 2553

.. 2554
.. 2553

1,014,121,991

1,004,942,378

(1,974,621)

(575,641)

(1,434,189)
33,527,657
2,460,984

(969,445)
59,378,324
2,223,776

3,794
960

8,138
1,284

567,341

(706,119)

9,890,526
(21,352,923)
91,928,865
(67,541,623)

(57,138,257)
(1,000,536)
121,561,295
(25,185,603)

(26,232)

(16,190)

1,062,168,629

1,103,105,813

(1,996,099)

(582,409)

2,273,965
(39,435,191)
1,269,742,659
(22,815,370)
(22,832,947)
(209,946,335)
31,152,636
(46,937,577)
(35,673,960)
8,968,778
(1,962,745,382)
168,948,125
49,060,816
(2,697,114)

(37,487,800)
29,473,802
(1,306,339,648)
(831,746)
(73,216,900)
(32,151,506)
(33,812,602)
(38,996,569)
(90,560,769)
435,241
(92,444,265)
449,533,064
(36,194,943)
1,372,388

(3,530,000)
(486,987)
4,477,061
15,569

11,840
393,821
77,000
(1,775)

249,231,732

(158,116,440)

(1,520,456)

(101,523)

 ()
( )
()
31 .. 2554 .. 2553

.. 2554

.. 2553

.. 2554

.. 2553

() ()

249,231,732
(12,015,037)
25,212,310

(158,116,440)
(140,666)
1,373,053

(1,520,456)
26,232

(101,523)
16,190

()

262,429,005

(156,884,053)

(1,494,224)

(85,333)

24.7

(31,520,600)

(31,700,000)

24.7

81,520,600

75,200,000

11

8,802,867

11

(3,999,930)

12

278,800

365,300

3,964,598

1,181,099

(41,424,662)

(54,293,178)

(1,196,806)

(7,341,644)

3,328,696

23,753,493

(16,588,423)

(3,999,930)

()

 ()
( )

31 .. 2554 .. 2553

.. 2554

.. 2553

.. 2554

.. 2553

(100,000,000)

100,000,000

(3,054,306)

(740,269)

18

480,581,626

(233,404,958)

(17,614,762)

126,507,600

99,259,731

()

412,690,098

(74,212,745)

(5,494,154)

(85,333)

260,382,950

333,595,159

6,472,054

6,557,387

21,352,923

1,000,536

694,425,971

260,382,950

977,900

6,472,054

()

17

18

31 .. 2554 .. 2553

8,962,183

335,048

10

 ()
( )

31 .. 2554 .. 2553
1

( ) ()

60/1 3 10400
99 10540


51

26 .. 2554
()
8 .. 2555

31 .. 2554 711 (.. 2553:

1,649 )
2,074
31 .. 2554 1,014 (.. 2553 : 1,005 )

3.1

.. 2543
.. 2547

11

 ()
( )

31 .. 2554 .. 2553
3

()
3.1

()


51 (.. 2553 : 50) ( 11)

31 .. 2553
-
-

()

41,979,518
57,162,678

25,000,000
13,307,219
(13,307,219)

25,000,000
55,286,737
43,855,459

37,487,800
135,568,113
13,462,797
146,893,539
20,190,524

(25,000,000)
(48,061,096)
10,432,438
48,061,096
(10,432,438)

12,487,800
87,507,017
23,895,235
194,954,635
9,758,086

12

 ()
( )

31 .. 2554 .. 2553
3

()
3.2

1 .. 2554

( ) 1 .. 2554

1
2
7
8

( 2552)
( 2552)
( 2552)
( 2552)

10
16
17
18
19
24
27
31
33
34
36
37

( 2552)
( 2552)
( 2552)
( 2552)
( 2552)
( 2552)
( 2552)
( 2552)
( 2552)
( 2552)
( 2552)

38 ( 2552)

3
( 2552)
31
-

13

 ()
( )

31 .. 2554 .. 2553
3

()
3.2

()

1 ( 2552)
()
( )


1 .. 2554


19 4
) )
) )

1 .. 2554
1 .. 2554

1 .. 2554

31,541,528

14

 ()
( )

31 .. 2554 .. 2553
3

()
3.2

()
27 ( 2552)



1 .. 2554

3 ( 2552)

1 .. 2554
)

1 .. 2556
12

21 ( 2552)

15

 ()
( )

31 .. 2554 .. 2553
3

()
3.2

()
12





1 .. 2556

3.3

31 .. 2554
( 3.9)

3.4

.. 2550 400
31 .. 2550 .. 2554
31 .. 2550
36
.. 2550
400 .. 2553

16

 ()
( )

31 .. 2554 .. 2553
3

()
3.4

()

.. 2553

31

3.5

400,000,000
400,000,000

3.6

3.7

3.8

17

 ()
( )

31 .. 2554 .. 2553
3

()
3.9

3.10

18

 ()
( )

31 .. 2554 .. 2553
3

()
3.11

5
5
5
5
5
4 - 10

()

3.12
3.12.1

5
19

 ()
( )

31 .. 2554 .. 2553
3

()
3.12 ()
3.12.2

3.13 -

( )

20

 ()
( )

31 .. 2554 .. 2553
3

()
3.14


12
3.15
3.15.1

3.15.2

21

 ()
( )

31 .. 2554 .. 2553
3

()
3.16

3.17

4.1

AirAsia Berhad
( 4.2)
22

 ()
( )

31 .. 2554 .. 2553
4

4.1

()

(Natural hedge)

23

 ()
( )

31 .. 2554 .. 2553
4

()
4.2

AirAsia Berhad

AirAsia Berhad

4.3

.. 2554
.. 2553
.. 2554
.. 2553

821,892

31 .. 2553

24

 ()
( )

31 .. 2554 .. 2553
5

25

 ()
( )

31 .. 2554 .. 2553
8

.. 2554

.. 2553

.. 2554

.. 2553

3,248,952
585,811,055
3,365,999

10,171,366
250,211,584
-

977,900
-

6,472,054
-

101,999,965
694,425,971

260,382,950

977,900

6,472,054

1.40 (.. 2553 : 0.50 )

31 .. 2554
14.00 3.00 (.. 2553 : )
9

.. 2554
.. 2553

4,489,237
90,127
71,977
4,651,341

4,434,209
55,028
4,489,237

.. 2554
.. 2553

26

 ()
( )

31 .. 2554 .. 2553
9

()

.. 2554
.. 2553

4,651,341
4,651,341

4,489,237
4,489,237

.. 2554
.. 2553

1.57 (.. 2553 :

1.23 )
10

.. 2554

.. 2553

.. 2554

.. 2553

79,456,542
79,456,542
16,596,705
1,782,669
97,835,916

40,603,844
(1,434,189)
39,169,655
2,809,863
13,307,219
55,286,737

.. 2554
.. 2553

3
3 - 6
6 - 12
12

71,932,116
3,805,546
2,553,899
1,164,981
79,456,542
79,456,542

36,900,006
568,199
553,948
2,581,691
40,603,844
(1,434,189)
39,169,655

.. 2554
.. 2553

27

 ()
( )

31 .. 2554 .. 2553
11

.. 2554

.. 2553

51.00 403,999,930 20,000,000

50.00 400,000,000

10 20,399,993

AirAsia Investment Ltd. ( AA International Ltd.)

51 49

.. 2554

.. 2553

400,000,000
3,999,930
403,999,930

400,000,000
400,000,000

8 .. 2554
399,993 10 1
3,999,930
50 51

28

 ()
( )

31 .. 2554 .. 2553
11

()

()

8
.. 2554 ()

3,999,930
(11,526,938)
15,526,868
3,999,930
(12,802,797)
(8,802,867)

100

()

() -
()

8
.. 2554 ()

1,280,302,080
9,012,844
451,513,613
1,006,392,758
72,000,035
6,929,500
281,220,782
555,102,117
(568,717,581)
(447,020,475)
(739,663,251)
(15,084,652)
(77,161,203)
(1,152,714,133)
1
(11,526,938)

30 ..2554
(8 ..2554)

31 .. 2554 .. 2553 286,184,317 ( 15)

29

 ()
( )

31 .. 2554 .. 2553
11

()


.. 2554

.. 2553

953,495,582
2,836,350,864
3,789,846,446

808,454,277
4,058,324,477
4,866,778,754

105,170,074
4,230,651,645
4,335,821,719

1,378,526
7,368,351,104
7,369,729,630

(545,975,273) (2,502,950,876)
16,157,597,567 12,098,726,066

2,020,058,659
2,020,058,659

12

2,011,036,040
2,011,036,040

.. 2554

.. 2553

.. 2554

.. 2553

3,743,550
69,294
(278,800)
3,534,044

4,108,850
(365,300)
3,743,550

30

 ()
( )

31 .. 2554 .. 2553
13

1 .. 2553

-
31 .. 2553
-

-
-

-
31 .. 2553

13,561,755
(7,759,395)
5,802,360

27,669,386
(19,078,440)
8,590,946

8,531,032
(6,415,689)
2,115,343

37,455,175
(22,887,189)
14,567,986

30,188,608
(12,965,800)
17,222,808

5,802,360
1,028,089
1,609,138
(2,511,772)
5,927,815

8,590,946
3,373,694
(159)
(3,578,508)
8,385,973

2,115,343
1,424,148
(61)
(1,059,187)
2,480,243

14,567,986
2,460,929
(1)
(6,303,429)
10,725,485

16,198,982
(10,271,167)
5,927,815

30,146,886
(21,760,913)
8,385,973

9,951,555
(7,471,312)
2,480,243

39,801,104
(29,075,619)
10,725,485

208,145,278
(113,259,507)
94,885,771

812,075
812,075

326,363,309
(182,366,020)
143,997,289

17,222,808
8,455,238
(474,761)
(6,462,911)
18,740,374

94,885,771
34,315,971
(39,462,517)
89,739,225

812,075
2,125,659
(1,609,138)
1,328,596

143,997,289
53,183,728
(474,761)
(221)
(59,378,324)
137,327,711

36,220,663
(17,480,289)
18,740,374

242,461,249
(152,722,024)
89,739,225

1,328,596
1,328,596

376,109,035
(238,781,324)
137,327,711

31

 ()
( )

31 .. 2554 .. 2553
13

- ()

31 .. 2554
-

-
-

-
31 .. 2554

5,927,815

8,385,973

2,480,243

10,725,485

18,740,374

99,292
452,777
(202,921)
952,422
(2,471,462)
4,757,923

160,339
4,731,025
(24,028)
(3,423,369)
9,829,940

37,827
248,288
(11,536)
309,948
(1,019,980)
2,044,790

210,398
1,304,385
(3)
2,933,552
(5,221,501)
9,952,316

17,125,648
(12,367,725)

34,160,575
(24,330,635)

10,623,370
(8,578,580)

4,757,923

9,829,940

2,044,790

89,739,225

1,328,596

137,327,711

438,601
8,775,625
(1,585,319)
(7,195,308)
19,173,973

1,855,910
29,217,808
3,409
(303,088)
(14,196,037)
106,317,227

9,796
5,481,206
(201,680)
(4,195,922)
2,421,996

2,812,163
50,211,114
(1,820,398)
(504,768)
(33,527,657)
154,498,165

44,752,425
(34,800,109)

40,714,208
(21,540,235)

274,893,829
(168,576,602)

2,421,996
-

424,692,051
(270,193,886)

9,952,316

19,173,973

106,317,227

2,421,996

154,498,165

8.60
1.10 (.. 2553 : 3.78 2.63 )
31 .. 2554 50.44 (..
2553 : 43.49 )

32

 ()
( )

31 .. 2554 .. 2553
13

- ()

1 .. 2553

-
31 .. 2553
-

-
31 .. 2553

-
31 .. 2554
-

-
31 .. 2554

40,687
(26,749)
13,938

13,938
(8,138)
5,800

40,687
(34,887)
5,800

5,800
(3,794)
2,006

40,687
(38,681)
2,006

33

 ()
( )

31 .. 2554 .. 2553
14

1 .. 2553

10,840,931
(7,168,567)
3,672,364

1,773,190
1,773,190

12,614,121
(7,168,567)
5,445,554

31 .. 2553
-

3,672,364
4,958,267
1,432,324
(2,223,776)
7,839,179

1,773,190
2,383,377
(1,432,324)
2,724,243

5,445,554
7,341,644
(2,223,776)
10,563,422

31 .. 2553

17,231,522
(9,392,343)
7,839,179

2,724,243
2,724,243

19,955,765
(9,392,343)
10,563,422

31 .. 2554
-

7,839,179
126,191
91,864
(619)
287,805
(2,460,984)
5,883,436

2,724,243
55,404
1,104,941
(2,206,154)
(287,805)
1,390,629

10,563,422
181,595
1,196,805
(2,206,773)
(2,460,984)
7,274,065

31 .. 2554

15,769,674
(9,886,238)
5,883,436

1,390,629
1,390,629

17,160,303
(9,886,238)
7,274,065
34

 ()
( )

31 .. 2554 .. 2553
14

- ()

1 .. 2553

6,420
(3,124)
3,296

31 .. 2553
-

3,296
(1,284)
2,012

31 .. 2553

6,420
(4,408)
2,012

31 .. 2554
-

-
31 .. 2554

2,012
(960)
1,052

6,420
(5,368)
1,052

35

 ()
( )

31 .. 2554 .. 2553
15

31 .. 2554

5 5

(Terminal Value)

1
2

16

3.00
6.75

.. 2554
.. 2553

.. 2554
.. 2553

24.8

253,912,027

205,285,063

24.8

8,045,374
9,276,291
21,185,682
292,419,374

8,412,400
9,100,722
17,314,282
240,112,467

36

 ()
( )

31 .. 2554 .. 2553
17

.. 2554

.. 2553

.. 2554

.. 2553

100,000,000
100,000,000

.. 2554 MLR ( 6.56 )
25 ()
31 .. 2554
18

1
1 5

.. 2554

.. 2553

.. 2554

.. 2553

247,859,915
6,713,256
254,573,171

7,396,503
480,581,626
(233,404,958)
254,573,171

25 .. 2554
495 MLR-1
( 6.65 ) 2
37

 ()
( )

31 .. 2554 .. 2553
18

()
25
255

19

1 .. 2554
1 .. 2554

()

31 .. 2554

3.2

.. 2554

.. 2554

31,541,528
771,599
8,556,614
1,333,912
42,203,653

.. 2554

.. 2554

8,556,614
1,333,912
9,890,526

4.16
5.34 - 7.00
0.00 - 11.00

()

38

 ()
( )

31 .. 2554 .. 2553
20

1 .. 2553

31 .. 2553 -
26 .. 2554 -

31 .. 2554

10.00
10.00

41,000,000
41,000,000

41,000,000
41,000,000

410,000,000
410,000,000

0.10
0.10
0.10

4,100,000,000
750,000,000
4,850,000,000

4,100,000,000
4,100,000,000

410,000,000
410,000,000

26 .. 2554
10 0.10 41
4,100 26 .. 2554
4,100 4,850 750
0.10 26 .. 2554
750 0.10
(Initial Public Offering)

39

 ()
( )

31 .. 2554 .. 2553
21

.. 2554
.. 2553

22

.. 2554
.. 2553

6,630,354,597

5,130,154,251

1,332,005,113
80,275,240
80,549,584
8,123,184,534

769,468,940
67,635,474
82,104,368
6,049,363,033

()

()

13, 14

24.2

24.2

.. 2554
.. 2553

.. 2554
.. 2553

35,988,641
720,936,869
3,220,341,012
1,371,072,992
553,552,554

61,602,100
561,691,372
1,986,982,945
1,100,295,587
482,440,936

4,754
437,636
-

9,422
475,720
-

686,780,497

581,190,754

(57,138,257)

40

 ()
( )

31 .. 2554 .. 2553
23

()
( ) ()

()
()

()
() ()

.. 2554

.. 2553

.. 2554

.. 2553

1,014,121,991

1,004,942,378

(1,974,621)

(575,641)

4,100,000,000

4,100,000,000

4,100,000,000

4,100,000,000

0.25

0.25

(0.00)

(0.00)

20
31 .. 2554 .. 2553
24

55

41

 ()
( )

31 .. 2554 .. 2553
24

()

-
- ()
-
-

-
-
-
-

AirAsia Berhad
AirAsia Berhad
AirAsia Berhad
AirAsia Berhard

AirAsia Berhad

AirAsia Berhad

24.1)

.. 2554
.. 2553

62,718,814
668,139
63,386,953

21,036,364
2,583,531
23,619,895

.. 2554
.. 2553

42

 ()
( )

31 .. 2554 .. 2553
24

()
()
24.2)

.. 2554
.. 2553

.. 2554
.. 2553

(6,558,801)

(38,170,833)

(17,005,329)

(17,499,648)

1,371,072,992

1,100,295,587

501,725,050

402,809,684

26,937,820

45,661,396

7,423,069

7,638,986

28,745,760

18,373,947

(57,138,257)

()

43

 ()
( )

31 .. 2554 .. 2553
24

()
()
24.2) ()

.. 2554
.. 2553

74,322,470

121,420,629

.. 2554
.. 2553

.. 2552 AirAsia (Mauritius) Limited

273.50
.. 2550 .. 2551 ..2552
.. 2553
57.14

24.3)
( )

.. 2554
.. 2553

23,329,959
1,053,365
24,383,324

14,393,970
14,393,970

.. 2554
.. 2553

180,000
180,000

44

 ()
( )

31 .. 2554 .. 2553
24

()
()
24.4)

.. 2554
.. 2553

.. 2554
.. 2553

1,718,031,522

1,932,087,734

232,983,292

298,092,233

362,955,005

336,932,864

218,597,173

71,717,072

24.5)

.. 2554
.. 2553

140,742,129

1,366,092,516

.. 2554
.. 2553

6.00 (.. 2553: 6.00 )

45

 ()
( )

31 .. 2554 .. 2553
24

()
()
24.6)

.. 2554
.. 2553

184,156,928
184,156,928

2,081,108,171
2,081,108,171

.. 2554
.. 2553

486,987
486,987

6.00 (.. 2553: 6.00 )
24.7)

.. 2554
.. 2553

.. 2554
.. 2553

52,583,531
31,520,600
(81,520,600)
655,038
(3,238,569)

93,500,000
31,700,000
(75,200,000)
2,583,531
-

52,583,531

31 .. 2553
1.50 .. 2554

46

 ()
( )

31 .. 2554 .. 2553
24

()
()
24.8)

.. 2554
.. 2553

25

.. 2554
.. 2553

253,912,027

205,285,063

8,045,374

8,412,400

31

1
1 5

.. 2554

.. 2553

.. 2554

.. 2553

23,074,434
17,611,543
40,685,977

24,886,928
26,939,652
51,826,580

47

 ()
( )

31 .. 2554 .. 2553
25

()
31 .. 2554
AirAsia (Mauritius) Limited
22 (.. 2553 : 19 )

.. 2554

.. 2553

1
1 5
5

26

45,747,483
59,296,481
23,480,282
128,524,246

411,034
411,034

29,833,068
29,103,341
58,936,409

425,424
425,424

31 .. 2554
13.72 (.. 2553 : )

31 .. 2554 .. 2553
39

27

31 .. 2554
2.9
45,900 14.2 (.. 2553 : 3.8 45,000 13.5 )
14.2 (.. 2553 : 13.5 )

48

 ()
( )

31 .. 2554 .. 2553
28.

1 .. 2555 20
3 5 8 12
1 .. 2555
15 .. 2555
40,000,000 43,555,560 3,555,560
10

49