annual report - Tenaga Nasional Berhad

42 FINANCIAL RISK MANAGEMENT (CONT’D.)(e) Fair value (Cont’d.)(ii) Off balance sheet (Cont’d.)Contract ornotionalprincipal Favourable Unfavourableamount net fair value net fair valueR rM’million RM’million RM’millionGroup2008Cross currency interest rate swap 103.1 0 (0.4)Currency option 812.5 0 (0.9)Corporate guarantee given to financial institutionsin respect of facilities granted to subsidiaries 0 0 0915.6 0 (1.3)2007Cross currency interest rate swap 167.0 0 (5.1)Currency option 789.7 0 (11.2)Corporate guarantee given to financial institutionsin respect of facilities granted to subsidiaries 170.8 0 01,127.5 0 (16.3)Company2008Corporate guarantee given to financial institutionsin respect of facilities granted to subsidiaries 3,739.4 0 (124.7)Cross currency interest rate swap 103.1 0 (0.4)3,842.5 0 (125.1)2007Corporate guarantee given to financial institutionsin respect of facilities granted to subsidiaries 3,894.4 0 (105.6)Cross currency interest rate swap 167.0 0 (5.1)4,061.4 0 (110.7)43 APPROVAL OF FINANCIAL STATEMENTSThe financial statements have been approved for issue in accordance with a resolution of the Board of Directors on3 November 2008.[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]269