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Download - Axiata Group Berhad - Investor Relations

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Notes to the Financial StatementsFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 200917. AMOUNTS DUE TO FORMER HOLDING COMPANYThe former holding company, TM, ceased to be the holding company of the Company upon demerger of the TM <strong>Group</strong>(as disclosed in Note 6(I)), whilst continuing to have common shareholders with the Company.<strong>Group</strong>Company2009 2008 2009 2008RM’000 RM’000 RM’000 RM’000Advances — 4,063,613 — 4,063,613Advances at 31 December 2008, which were unsecured, consisted of the following:(a)(b)Interest bearing advances of RM4,025.0 million bears interest of 5.90% and 6.72% per annum on RM2,925.0 millionand RM1,100.0 million respectively, which are payable within twelve (12) months from the date of completion ofthe group restructuring; andRM38.6 million is non interest bearing and has no fixed term of repayment.The <strong>Group</strong> and Company paid RM2,000.0 million and RM2,025.0 million on 31 March 2009 and 24 April 2009respectively and the balance owing to the former holding company was fully paid on 14 May 2009.18. AMOUNTS DUE FROM/(TO) SUBSIDIARIES AND RELATED COMPANIESCurrent portionThe currency exposure profile of the current portion of amounts due from subsidiaries and related companies is asfollows:Amounts due from Amounts due fromsubsidiariesrelated companies2009 2008 2009 2008RM’000 RM’000 RM’000 RM’000Interest bearing 1Singapore Dollar — 578,429 — —Non-interest bearingRinggit Malaysia 40,289 16,762 — —US Dollar 37,743 25,791 201 575Singapore Dollar 609,806 17,758 — —Others — — 1,199 —687,838 638,740 1,400 5751Effective interest rate of 4.39% as at 31 December 2008.<strong>Axiata</strong> <strong>Group</strong> <strong>Berhad</strong> • 226

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