Notes to the Financial Statements - SingTel

Notes to the Financial StatementsFor the financial year ended 31 March 201125.1 Fair Values (Cont’d)GroupCompanyFair value adjustments Fair value adjustmentsAssets Liabilities Assets Liabilities2010 S$ Mil S$ Mil S$ Mil S$ MilFair value hedgesCross currency swaps - (94.0) - (94.0)Interest rate swaps 187.8 - 187.8 -Forward foreign exchange 11.8 4.5 11.8 0.6Cash flow hedgesCross currency swaps - 1,271.2 - 762.2Interest rate swaps (12.3) 25.9 (9.9) 13.4Forward foreign exchange 1.1 15.9 1.1 10.0Derivatives that do not qualifyfor hedge accountingCross currency swaps - - - 197.2Interest rate swaps - 17.8 4.7 24.9Forward foreign exchange - * - -188.4 1,241.3 195.5 914.3Disclosed as -Current 12.8 300.2 12.8 14.4Non-current 175.6 941.1 182.7 899.9188.4 1,241.3 195.5 914.3* Denotes amount less than S$50,000.The cash flow hedges are designated for foreign currency commitments and repayments of principal and interest of the foreigncurrency denominated bonds.The forecasted transactions for the foreign currency commitments are expected to occur in the financial year ending 31 March2012, while the forecasted transactions for the repayment of principal and interest of the foreign currency denominated bondswill occur according to the timing disclosed in Note 29.1.ANNUAL REPORT 2010/2011 161