Maxis Berhad | Annual Report 2012

Maxis Berhad // Annual Report 2012 155 FINANCIAL STATEMENTS CORPORATE GOVERNANCE ANALYSIS OF SHAREHOLDINGS OTHER INFORMATION ANNUAL GENERAL MEETING 30 BORROWINGS (CONTINUED) (a) Finance lease liabilities (continued) Finance lease liabilities represent outstanding obligations payable in respect of office equipment and motor vehicles acquired under finance lease commitment and are analysed as follows: Group 31.12.2012 31.12.2011 1.1.2011 RM’000 RM’000 RM’000 Not later than one year 2,411 18,377 17,548 Later than one year and not later than five years 5,252 24,967 23,102 7,663 43,344 40,650 Less: Future finance charges (681) (7,791) (10,429) Present value 6,982 35,553 30,221 Representing lease liabilities: - current 2,061 13,846 13,201 - non-current 4,921 21,707 17,020 6,982 35,553 30,221 (b) Non-current and current unsecured term loans (i) RM2,450,000,000 term loan This term loan raised in 2010 was partly repaid in 2011 and fully settled during the 2012 financial year. (ii) RM1,000,000,000 term loan This term loan was drawn down on 27 December 2011 and is repayable in one lump sum on the loan’s maturity date, 27 December 2022. As disclosed in Note 22 to the financial statements, the Company has entered into IRSs where the interest under this term loan is being partially hedged against fluctuations in KLIBOR. (iii) USD100,000,000 term loans These term loans were all drawn down on 28 February 2011 and are repayable in one lump sum on their respective loan maturity dates, 28 February 2021. As disclosed in Note 22 to the financial statements, the Company has entered into CCIRSs where the principal sum and interest under these term loans are being hedged against fluctuations in USD/RM exchange rate and in LIBOR. (iv) SGD70,000,000 term loan This term loan was drawn down on 28 February 2011 and is repayable in one lump sum on the loan’s maturity date, 28 February 2021. As disclosed in Note 22 to the financial statements, the Company has entered into CCIRS where the principal sum and interest under this term loan is being hedged against fluctuations in SGD/RM exchange rate and in SOR. (v) USD75,000,000 term loan This term loan was drawn down on 14 June 2011 and is repayable in one lump sum on the loan’s maturity date, 14 June 2021. As disclosed in Note 22 to the financial statements, the Company has entered into CCIRS where the principal sum and interest under this term loan is being hedged against fluctuations in USD/RM exchange rate and in LIBOR.