Idris jala managing director vs vice

He was also Vice President, Business Development Consultancy where he led a team of top notch internal consultants on radical business improvement projects, and revamped the Shell global retail business model in order to achieve profitable growth. Bernama Source: MY Sinchew. Keep up the good work Datuk!

Idris jala managing director vs vice: Dato' Sri Idris Jala

We believe in you! The previous one-time charge was taken through the balance sheet. The standard, however, allows any subsequent gain in an accounting period to be taken through the profit and loss account, misleadingly inflating reported profit. It would have been better if the gain had gone straight to the balance sheet via an adjustment to the value of the derivative contracts, leaving the profit unchanged.

But such is accounting policy at times.

Idris jala managing director vs vice: Prior to his Government stint, Idris

What would be a fairer and more accurate reflection of profit? In other words, if actual incurred costs were used. This would be if FRS had not been introduced. That looks like a much fairer reflection of the actual predicament that it faces. When accounting seems dubious in terms of painting the true picture, it always pays to look at the cash position.

For the first half of this year, figures show that operations drained nearly RM1. That means in a year, the airline could be out of cash if it does not start reversing the situation. As at Dec 31,the airline had RM4. How Malaysia Airlines is going to generate cash is the question to answer. By glossing over the whole truth its media release never so much as mentioned an operating loss of RMmil for the second quarter of the year or highlighted the drain on cash and choosing to focus on record quarterly accounting profits, Malaysia Airlines does a disservice.

This is not only to its shareholders, mainly the Malaysian Government, but also its customers and the Malaysian public, which indirectly owns most of the company, all of whom deserve a clearer explanation of its financial situation and future plans. Archived from the original on 5 September The Star Online. Archived from the original on 4 October Retrieved 11 March Archived from the original on 3 April First Najib cabinet — Second Najib cabinet — Salleh Said.

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Idris jala managing director vs vice: He worked with Shell for nearly

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