The fund's impairment cost for 2018 goes up 217.4 percent from the year before.
Khazanah Nasional Bhd's impairment cost for 2018 amounted to RM7.3 billion – up 217.4 percent from 2017.
"This is primarily due to Malaysia Airlines Bhd , which accounted for roughly half of the total impairment for 2018," he said at Khazanah's annual review today, according toAsset impairment cost is the estimated cash flow generated by the asset that is less than its book value.for 2018 – down from a pre-tax profit of RM2.89 billion the year before – to the impairment cost.
In 2014, Khazanah took MAS private and pumped in RM6 billion in a bid to revitalise the airline. Its balance sheet has not been made public since. Khazanah's total portfolio in 2018 was valued at RM91 billion, down 21 percent from RM116 billion the previous year, primarily due to global economic uncertainty and pessimistic growth outlook for emerging markets.
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