Telkom AR front.qxp

284
Telkom Annual Report 2009
Notes to the annual financial statements (continued)
for the three years ended March 31, 2009
12. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (continued)
12.6 Sensitivity analysis
Interest rate risk
The following table illustrates the sensitivity to a reasonably possible change in the interest rates, with all other variables held constant:
Classes of financial instruments per balance sheet
+1% movement –1% movement
Other Other
movements movements
Profit in equity Profit in equity
Rm Rm Rm Rm
2009
Assets
Trade and other receivables 5 – (5) –
Investments 56 – (56)
Other financial assets 28 – (28) –
Repurchase agreements 10 – (10) –
Interest rate swaps 18 – (18) –
Liabilities
Interest-bearing debt (62) 62
Other financial liabilities 15 – (15) –
Interest rate swaps 15 – (15) –
42 – (42) –
2008
Assets
Trade and other receivables 5 – (5) –
Investments 9 – (9) –
Liabilities
Interest-bearing debt (57) – 57 –
(43) – 43 –