Maxis Berhad | Annual Report 2012

Maxis Berhad // Annual Report 2012 143 FINANCIAL STATEMENTS CORPORATE GOVERNANCE ANALYSIS OF SHAREHOLDINGS OTHER INFORMATION ANNUAL GENERAL MEETING 22 DERIVATIVE FINANCIAL INSTRUMENTS Group and Company Note 31.12.2012 31.12.2011 1.1.2011 Assets Liabilities Assets Liabilities Liabilities RM’000 RM’000 RM’000 RM’000 RM’000 Cross Currency Interest Rate Swaps (“CCIRSs”): (a) - cash flow hedge on USD denominated borrowings – 398,036 2,774 366,177 348,452 - cash flow hedge on SGD denominated borrowings 3,677 – 427 – – 3,677 398,036 3,201 366,177 348,452 Interest Rate Swaps (“IRSs”): (b) - cash flow hedge on RM denominated borrowings 24,519 – – – – Non-current 28,196 398,036 3,201 366,177 348,452 The details of the derivative financial instruments are set out as below: (a) CCIRSs Com- Contract/ mencement Notional date amount Exchange Rate Interest Rate RM’000 24 Feb 2010 2,550,000 The Group and Company pay RM in The Group and Company pay a fixed exchange for receiving USD at a interest rate of 4.75% per annum in predetermined exchange rate of exchange for receiving London Interbank RM3.40 to USD1.00 according to the Offered Rate (“LIBOR”) plus a spread on scheduled principal and interest the amortising outstanding principal repayment of the syndicated loan in amount. which principal exchange occurs semi-annually commencing from the fourth year of the syndicated loan. 13 Aug 2010 314,500 The Group and Company pay RM The Group and Company pay a fixed in exchange for receiving USD at a interest rate of 5.25% per annum in predetermined exchange rate of exchange for receiving LIBOR plus a RM3.145 to USD1.00 for its principal spread on the notional principal amount. and interest in which at the end of the tenure, principal is on bullet repayment basis. 28 Feb 2011 304,900 The Group and Company pay RM The Group and Company pay Kuala in exchange for receiving USD at a Lumpur Interbank Offered Rate predetermined exchange rate of (“KLIBOR”) plus a spread in exchange for RM3.048 to USD1.00 and RM3.050 to receiving LIBOR plus a spread on the USD1.00 on each USD50 million notional principal amount. respectively for its principal and interest in which at the end of the tenure, principal is on bullet repayment basis.