annual report - Tenaga Nasional Berhad

Notes To The Financial Statements42 FINANCIAL RISK MANAGEMENT (CONT’D.)(c)Credit risk (Cont’d.)(ii) Off balance sheetThe Group and the Company are exposed to credit risk where the fair value of the contract is favourable,where the counterparty is required to pay the Group or the Company in the event of contract termination. Thefollowing table summarises the favourable fair values of the contracts, indicating the credit risk exposure.G group CompanyContract orContract ornotional Favourable notional Favourableprincipal net fair principal net fairamount value amount valuerM’million RM’million RM’million RM’million2008Cross currency interest rate swap 103.1 0 103.1 0103.1 0 103.1 02007Cross currency interest rate swap 167.0 0 167.0 0167.0 0 167.0 0(d)Foreign exchange riskThe currency exposure of financial assets and financial liabilities of the Group and the Company that are notdenominated in the functional currency of the respective companies is set out below.usD JPY EURO OthersR rM’million RM’million RM’million RM’million[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]264Group2008Financial assetsReceivables, deposits and Prepayments 21.2 0 0.9 0Deposits and bank balances 124.4 63.2 0 57.1Other assets 0 0.2 0 0145.6 63.4 0.9 57.1Financial liabilitiesPayables– external 75.2 0 0.5 0Borrowings 6,310.7 4,506.1 1.8 06,385.9 4,506.1 2.3 0