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Financial Analysis Report: Malaysia Airlines
2007-2011
ARTICLE in INTERNATIONAL JOURNAL OF SCIENCES: BASIC AND APPLIED RESEARCH (IJSBAR) · SEPTEMBER 2014

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Gilbert O'Neil Mushure
University of Zimbabwe
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International Journal of Sciences:
Basic and Applied Research
(IJSBAR)
ISSN 2307-4531
(Print & Online) http://gssrr.org/index.php?journal=JournalOfBasicAndApplied --------------------------------------------------------------------------------------------------------------------------------------

Financial Analysis Report: Malaysia Airlines 2007 - 2011
Gilbert O’Neil Mushure*
Department of Accountancy, University of Zimbabwe,P.O Box MP167 Mount Pleasant Harare Zimbabwe
Email: accountancy@commerce.uz.ac.zw

Abstract
This work is an analysis of the annual reports of Malaysia Airlines Berhad from 2007 to 2011. Profitability analysis was done on the financial statements of the company from 2007 to 2011. Cash and working capital management analysis were done on the financial statements of 2010 and 2011. It was found that Malaysia
Airlines Berhad was constantly suffering from high costs of operations which resulted in consecutive negative gross profit over the years.Net profit remained positive only as a result of other income, gains and profits from associate companies up to 2011. It was also found that Malaysia Airlines Berhad was in a bad working capital position over the period covered.
Keywords: Malaysia Airlines, Profitability, Cash Flow, Working Capital Management, Gross Margin, Operating
Margin, Net Profit Margin, Return on Capital Employed, Trend Analysis, Current