Five-year financial highlights

(RM million, unless otherwise stated)

For the year ended 31 December

2010 2011 2012 2013 2014
INCOME STATEMENT
Revenue 3,948 4,495 4,946 5,112 5,416
Net total expenses 2,881 3,332 3,919 4,194 4,562
EBIT 1,067 1,163 1,027 918 854
Share of results of jointly-controlled entities - 12 (3) 14 -
Share of results of associates - (6) 1 42 -
Profit before taxation 1,099 777 963 361 23
Taxation (38) (222) (173) 1 60
Net profit 1,061 555 790 362 83
BALANCE SHEET
Deposits, cash and bank balances 1,505 2,105 2,233 1,380 1,338
Total assets 13,240 13,906 15,729 17,856 20,664
Net debt (Total debt - Total Cash) 6,352 5,676 6,177 8,790 11,390
Shareholders' equity 3,641 4,036 4,860 5,001 4,555
CASH FLOW STATEMENTS
Cash flow from operating activities 1,594 1,404 1,324 961 302
Cash flow from investing activities (1,868) (487) (1,905) (2,346) (2,154)
Cash flow from financing activities 1,031 (300) 733 509 1,779
Net Cash Flow 757 617 152 (876) (73)
FINANCIAL PERFORMANCE (%)
Return on total assets 8.0 4.0 5.0 2.0 0.4
Return on shareholders' equity 29.1 13.8 16.3 7.2 1.8
R.O.C.E. (EBIT/(Net Debt + Equity)) 10.7 12.0 9.3 6.7 5.4
EBIT Profit Margin 27.0 25.9 20.8 18.0 15.8
Net profit margin 26.9 12.3 16.0 7.1 1.5
OPERATING STATISTICS
Passengers carried 16,054,738 17,986,558 19,678,576 21,853,036 22,138,796
Capacity 20,616,120 22,474,620 24,751,800 27,307,980 28,073,160
Load factor (%) 78 80 80 80 79
RPK (million) 18,499 21,037 22,731 26,607 27,273
ASK (million) 24,362 26,074 28,379 33,401 34,590
Aircraft utilisation (hours per day) 12.2 12.3 12.3 12.1 12.3
 
Average fare (RM) 177 176 184 166 165
Revenue per ASK (sen) 16.2 17.2 17.4 15.3 15.7
Cost per ASK (sen) 11.8 12.8 13.8 13.0 13.2
Cost per ASK - excluding fuel (sen) 6.9 6.0 7.0 5.9 6.7
 
Revenue per ASK (USc) 5.03 5.63 5.66 5.11 4.77
Cost per ASK (USc) 3.67 4.17 4.48 4.10 4.02
Cost per ASK - excluding fuel (USc) 2.13 1.96 2.26 2.34 2.03
 
Number of stages 114,534 124,853 137,510 151,709 155,962
Average stage length (km) 1,184 1,162 1,148 1,144 1,217
Size of fleet at year end (Malaysia) 53 57 64 72 81
Size of fleet at year end (Group) 90 97 118 154 172
Number of employees at year end 4,702 5,137 5,644 6,089 6,304
Percentage revenue via internet (%) 77 78 79 85 84
RM-USD average exchange rate 3.22 3.06 3.08 3.17 3.28

Note: Applicable USD/MYR rates are based on average for the respective financial periods.