ENRICHING LIVES EXPANDING HORIZONS - Maxis

MAXIS BERHAD
ANNUAL REPORT 2011
181
33 FINANCIAL RISK MANAGEMENT (CONTINUED)
(a) Market risk (continued)
(ii) Interest rate risk (continued)
The net exposure of financial assets and financial liabilities of the Group and of the Company to interest rate risk (before
and after taking effect of cross currency interest rate swap contract) and the periods in which the borrowings mature or
reprice (whichever is earlier) are as follows:
WEIGHTED
AVERAGE EFFECTIVE
FLOATING
INTEREST RATE AT TOTAL INTEREST
REPORTING DATE CARRYING RATE FIXED INTEREST RATE
GROUP (PER ANNUM) AMOUNT < 1 YEAR < 1 YEAR 1-2 YEARS 2-5 YEARS > 5 YEARS
% RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
At 31 December 2011
Deposits with licensed banks 3.02 746,194 0 746,194 0 0 0
Trade payables 2.49 (53,985) (53,985) 0 0 0 0
Finance lease liabilities 15.44 (35,553) 0 (13,846) (10,613) (11,094) 0
Syndicated term loans 2.13 (2,671,802) (2,671,802) 0 0 0 0
Term loans 4.06 (3,165,713) (3,165,713) 0 0 0 0
Loan from a related party 7.60 (35,668) (35,668) 0 0 0 0
Gross exposure (5,216,527) (5,927,168) 732,348 (10,613) (11,094) 0
CCIRS
- Syndicated term loans 4.81 2,671,802 0 0 (1,943,482) (728,320)
- Term loans 4.19 237,483 0 0 0 (237,483)
Net exposure (3,017,883) 732,348 (10,613) (1,954,576) (965,803)