annual report - Tenaga Nasional Berhad

42 FINANCIAL RISK MANAGEMENT (CONT’D.)(b)Interest rate risk (Cont’d.)Cash flow interest rate risk (Cont’d.)The weighted average interest rate of the Company’s fixed rate borrowings at balance sheet date was 5.44%(31.8.2007: 5.79%) per annum. After the interest rate swap, the Company’s weighted average interest rate at balancesheet date was 5.49% (31.8.2007: 5.85%) per annum.The tables below summarise the Group and the Company’s exposure to interest rate risk. Included in the tablesare the Group and the Company’s financial assets and liabilities at carrying amounts, categorised by the earlier ofrepricing or contractual maturity dates. The off-balance sheet gap represents the net notional amounts of all interestrate sensitive derivative instruments. Sensitivity to interest rates arises from mismatches in the repricing dates, cashflows and other characteristics of assets and their corresponding liability funding.Eeffectiveinterest Fixed rate instruments Totalat balance Floating maturing or repriced in interestsheet date rate < 1 year 1-2 years 2-3 years 3-4 years 4-5 years > 5 years sensitive% per annum RM’million RM’million RM’million RM’million RM’million RM’million RM’million RM’millionGroup2008Financial assetsTrade and other receivables 0 17.1 281.2 0 0 17.1 267.1 0 582.5Amount due from associates 0 0 37.8 0 0 0 1.1 0 38.9Deposits and bank balances 0 122.5 2,952.5 0 0 0 0 0 3,075.0139.6 3,271.5 0 0 17.1 268.2 0 3,696.42007Financial assetsTrade and other receivables 0 22.2 202.2 0 0 0 0 0 224.4Amount due from associates 0 0 34.6 0 0 0 0 0 34.6Deposits and bank balances 0 87.1 4,741.7 0 0 0 0 0 4,828.8109.3 4,978.5 0 0 0 0 0 5,087.8[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]253