Notes to the Financial Statements - SingTel
Notes to the Financial Statements - SingTel
Notes to the Financial Statements - SingTel
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<strong>Notes</strong> <strong>to</strong> <strong>the</strong> <strong>Financial</strong> <strong>Statements</strong>For <strong>the</strong> financial year ended 31 March 201125.1 Fair ValuesThe fair values of <strong>the</strong> currency and interest rate swap contracts excluded <strong>the</strong> accrued interest of S$44.4 million (2010: S$33.6million). The accrued interest is separately disclosed in Note 16 and Note 27.The fair value adjustments of <strong>the</strong> derivative financial instruments were as follows -GroupCompanyFair value adjustments Fair value adjustmentsAssets Liabilities Assets Liabilities2011 S$ Mil S$ Mil S$ Mil S$ MilFair value hedgesCross currency swaps - (106.0) - (107.2)Interest rate swaps 72.2 1.2 72.2 -Forward foreign exchange - 0.9 - 0.1Cash flow hedgesCross currency swaps - 1,635.5 - 1,078.1Interest rate swaps (3.6) (9.5) (2.7) 8.6Forward foreign exchange - 41.4 - 30.7Derivatives that do not qualifyfor hedge accountingCross currency swaps - - 9.0 257.9Interest rate swaps - 22.4 13.0 31.8Forward foreign exchange - - - -68.6 1,585.9 91.5 1,300.0Disclosed as -Current 68.6 999.8 68.6 988.2Non-current - 586.1 22.9 311.868.6 1,585.9 91.5 1,300.0160 SINGAPORE TELECOMMUNICATIONS LIMITED AND SUBSIDIARY COMPANIES
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