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Notes to the Financial StatementsFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 200916. BORROWINGS (CONTINUED)(d)Consists of 5,000 million Rated Cumulative Redeemable Preference Shares (“RCRPS”) of SLR1 each issued byDialog during 2007, redeemable at par. The shares are mandatorily redeemable on 31 May 2012 with redemptionschedule as set out below.Redemption value per RCRPS2008 10%2009 15%2010 25%2011 25%2012 25%The dividend is cumulative and payable semi-annually, at the Average Weighted Prime Lending Rate less adiscount of 0.9%. The RCRPS issued by Dialog have been classified as liabilities and accordingly, dividends on theseRCRPS are utilised in the Income Statement as finance cost.(e)Borrowings from financial institutionsIncluded in the balance are borrowings of a subsidiary subjected to certain covenants.The covenants require the subsidiary to comply with certain conditions, such as hedging, limitations on certainasset sales or transfers, maintaining the majority ownership of the subsidiary’s shares directly or indirectly by theCompany and maintaining its debt to EBITDA ratio not exceeding 3.0 to 1.0.(f)The terms of the loan requires a predetermined portion of lease rental proceeds due to a subsidiary to be placedin a debt reserve account with the bank to meet the debt serving requirements. The terms of the loan also requirecertain financial covenants to be met.(g)Included in unsecured domestic borrowings from financial institutions are borrowings of the Company which aresubjected to certain covenants. The covenants require that certain ratios are to be met in respect of GroupEBITDA/Interest Expense and Group Total Borrowings/Shareholders’ Funds.The currency exposure profile of borrowings is as follows:GroupCompany2009 2008 2009 2008RM’000 RM’000 RM’000 RM’000Ringgit Malaysia 4,231,465 5,600,000 4,200,000 5,600,000US Dollar 3,869,291 5,953,469 856,000 1,968,025Indonesian Rupiah 3,219,762 2,990,322 — —Bangladesh Taka 62,502 284,971 — —Sri Lanka Rupee 267,078 447,448 — —Singapore Dollar 575,372 578,429 — —Other currencies 97,368 104,712 — —12,322,838 15,959,351 5,056,000 7,568,025Annual Report 2009 • 225