AirAsia-is the difference between actual orders and hype a lazy RM 18 billion

Extract from AIRASIA BERHAD FOURTH QUARTER REPORT ENDED 30 JUNE 2007

15. Capital commitments outstanding not provided for in the interim financial report

Capital commitments outstanding not provided for in the interim financial report
Capital commitments for property, plant and equipment:

Group as at 30.06.07 :
Contracted for RM 18,405,482,000
Authorised but not contracted for RM 98,664,000

Deposit on aircraft purchase RM 317,296,000

Comment:If it has been actually committed, should it not be accounted for?
(Accepted that capital commitments can inclduing items like buildings etc; but it is likely that the bulk of the amount would pertain to investment in aircraft)

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