Maxis Berhad | Annual Report 2012

Maxis Berhad // Annual Report 2012 154 30 BORROWINGS Group Company Note 31.12.2012 31.12.2011 1.1.2011 31.12.2012 31.12.2011 1.1.2011 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Current Secured Finance lease liabilities (a) 2,061 13,846 13,201 – – – Unsecured Term loan (b) – 1,450,104 – – 1,450,104 – 2,061 1,463,950 13,201 – 1,450,104 – Non-current Secured Finance lease liabilities (a) 4,921 21,707 17,020 – – – Unsecured Syndicated term loans (c) 2,583,174 2,671,802 2,595,934 2,583,174 2,671,802 2,595,934 Term loans (b) 1,701,278 1,715,609 2,447,713 1,701,278 1,715,609 2,447,713 Islamic Medium Term Notes (d) 2,482,446 – – 2,482,446 – – 6,771,819 4,409,118 5,060,667 6,766,898 4,387,411 5,043,647 6,773,880 5,873,068 5,073,868 6,766,898 5,837,515 5,043,647 (a) Finance lease liabilities The Group leases motor vehicles under finance leases with lease terms of five years. The finance leases for motor vehicles have remaining lease terms of three to four years (31.12.2011: four to five years; 1.1.2011: one year) which has an option for one year extension. These leases are effectively secured as the rights to the leased motor vehicles revert to the lessor in the event of defaults. During the financial year, finance lease arrangement for office equipment with an outstanding amount of RM22,576,000 was terminated and the titles to these office equipment were transferred to the Group upon payment of the termination and/or exit charges. The assets net book value at termination date was at RM47,248,000 as disclosed in Note 15 to the financial statements. The weighted average effective interest rate of the Group’s finance lease liabilities is 5.78% (31.12.2011: 15.44%; 1.1.2011: 14.37%) per annum. NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2012 Continued