Posted by r°Moi > 2015-06-17 20:25 | Report Abuse

If you compare what r°Moi has posted on 14-6-15 to the AirAsia management statement today... you will know r°Moi has full grasp of the so called issues raised by CMT





Posted by r°Moi > Jun 14, 2015 11:54 AM | Report Abuse X

......The June 10 report questioned the airline’s “accounting, profit generation, cash-flow issues, leverage and group structure,” GMT Research’s founder Gillem Tulloch said in an e-mail Friday


Based solely in this...


"accounting......... group structure,”

GMT could well be taking issue with AirAsia that IAA and PAA results (losses) are not taken into account in AirAsias results...

GMT could well be contending that IAA and PAA should be treated as subsidiaries not associates ... arguing that AirAsia has control of these companies even though it has just forty over %.. based on.. well.. these companies bear the name AirAsia, using AirAsias systems, Tony is key... blah blah blah and all that, as such... should bear the full brunt of their losses..



“accounting, profit generation,

CMT could well be contending that AirAsia is generating higher income/profit by over charging its associates on leasing of aircrafts...



These are just r°Moi takes on CMTs thoughts which r°Moi don't think proper on CMTs part

Posted by r°Moi > 2015-06-17 20:46 | Report Abuse

If IAA PAA are consolidated... the loans would be contra off in the group account as they would be money being owed by AirAsia to itself.... and becomes a non isssue as AirAsia itself has strong balance sheet and assets rich... nobody is going to chase for repayment soon

Posted by r°Moi > 2015-06-17 20:55 | Report Abuse

Posted by r°Moi > Jun 15, 2015 12:29 PM | Report Abuse X

Bloody CMT is hitting here and there... and contradicting itself too... to fish for accounting anomalies