Annual Report 2012 - Dialog

(c) Loan from parent company
Annual Report 2012 l Dialog Axiata PLC l 111
Axiata Investments (Labuan) Limited has provided advances amounting to USD 47.5 million and LKR 3.7 billion, during
the years of 2008 and 2009, to meet expenditures relating to telecommunication expansion, launch of CDMA and Pay TV
services. Out of USD 47.5 million advanced, the Company repaid USD 10 million in December 2010. For the purpose of
determining the amortised cost, a repayment period upto quarter 1 of 2014 has been considered.
The effective interest rate on loans from parent Company was 0.5% p.a (2011 - 0.5% p.a).
(d) Finance lease liabilities
Gross finance lease liabilities - minimum lease payment:
Group Company
2012 2011 1 Jan 2011 2012 2011 1 Jan 2011
Not later than 1 year
Future finance charges on
4,866 Nil 7,644 Nil Nil 14
finance leases
Present value of finance lease
Nil Nil (231) Nil Nil Nil
liabilities 4,866 Nil 7,413 Nil Nil 14
The present value of finance lease liabilities is as follows:
Not later than 1 year 4,866 Nil 7,413 Nil Nil 14
4,866 Nil 7,413 Nil Nil 14
(e) The exposure of the bank borrowings to interest rate changes and the contractual re-pricing dates at the end of the
reporting period are as follows:
Group Company
2012 2011 1 Jan 2011 2012 2011 1 Jan 2011
Fixed rate
3 months or less 4,037,135 1,981,038 894,077 3,743,848 1,905,761 700,975
3 - 6 months 2,765,375 882,282 1,388,882 2,765,375 882,282 1,381,469
6 - 12 months 6,030,065 3,191,354 2,580,601 6,030,064 3,191,354 2,580,601
1 - 5 years 12,094,321 17,017,956 20,671,877 12,094,321 17,017,956 20,671,877
Over 5 years Nil Nil Nil Nil Nil Nil
24,926,896 23,072,630 25,535,437 24,633,608 22,997,353 25,334,922