Notes to the Financial Statements - SingTel

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Notes to the Financial StatementsFor the financial year ended 31 March 201114. RELATED PARTY TRANSACTIONSRelated parties consist of key management of the Group, subsidiaries of the ultimate holding company, and associated and jointventure companies of the Group. In addition to the related party information disclosed elsewhere in the financial statements,the Group had the following significant transactions and balances with related parties -Group2011 2010S$ Mil S$ MilRevenueSubsidiaries of ultimate holding companyTelecommunications 139.7 129.5Rental and maintenance 29.8 30.0Information technology and engineering 12.6 15.7Associated and joint venture companiesTelecommunications 37.1 34.0ExpensesSubsidiaries of ultimate holding companyTelecommunications 78.4 71.4Utilities 89.3 76.5Associated and joint venture companiesTelecommunications 72.9 68.3Transmission capacity 45.4 7.3Postal 10.3 10.9Due from related parties 26.0 19.0Due to related parties 3.2 5.6All the above transactions were on normal commercial terms and conditions and market rates.Please refer to Note 5.2 for information on key management personnel compensation.142 SINGAPORE TELECOMMUNICATIONS LIMITED AND SUBSIDIARY COMPANIES
Notes to the Financial StatementsFor the financial year ended 31 March 201115. CASH AND CASH EQUIVALENTSGroupCompany2011 2010 2011 2010S$ Mil S$ Mil S$ Mil S$ MilFixed deposits 2,049.5 1,175.9 161.8 142.0Cash and bank balances 688.5 437.7 61.5 59.3The carrying amounts of the cash and cash equivalents approximate their fair values.2,738.0 1,613.6 223.3 201.3For the purpose of the consolidated cash flow statements, cash and cash equivalents comprise -Group2011 2010S$ Mil S$ MilFixed deposits 2,049.5 1,175.9Cash and bank balances 688.5 437.7Less: Bank overdrafts (see Note 29) - (0.1)2,738.0 1,613.5Cash and cash equivalents denominated in the non-functional currencies of the Group were as follows -GroupCompany2011 2010 2011 2010S$ Mil S$ Mil S$ Mil S$ MilUSD 167.8 200.9 122.1 150.3AUD 45.9 14.2 45.6 13.9JPY 28.8 10.6 7.6 0.2The maturities of the fixed deposits were as follows -GroupCompany2011 2010 2011 2010S$ Mil S$ Mil S$ Mil S$ MilLess than three months 2,043.4 1,170.9 161.8 142.0Over three months 6.1 5.0 - -2,049.5 1,175.9 161.8 142.0As at 31 March 2011, the weighted average effective interest rates of the fixed deposits of the Group and Company were 0.4 percent (2010: 0.3 per cent) and 0.1 per cent (2010: 0.1 per cent) respectively.The exposure of cash and cash equivalents to interest rate risks is disclosed in Note 36.3.ANNUAL REPORT 2010/2011 143
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Notes to the Financial Statements - SingTel

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