Maxis Berhad | Annual Report 2012

Maxis Berhad // Annual Report 2012 173 FINANCIAL STATEMENTS CORPORATE GOVERNANCE ANALYSIS OF SHAREHOLDINGS OTHER INFORMATION ANNUAL GENERAL MEETING 33 FINANCIAL RISK MANAGEMENT (CONTINUED) (a) Market risk (continued) (ii) Interest rate risk (continued) The net exposure of financial assets and financial liabilities of the Group and of the Company to interest rate risk (before and after taking effect of cross currency interest rate swap contract) and the periods in which the borrowings mature or reprice (whichever is earlier) are as follows: (continued) Weighted average effective Floating interest rate at Total interest reporting date carrying rate Fixed interest rate Company (per annum) amount < 1 year < 1 year 1-2 years 2-5 years > 5 years % RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 At 1 January 2011 Loans to subsidiaries 5.17 1,522,717 – – – – 1,522,717 Deposits with licensed banks 2.67 79,414 – 79,414 – – – Syndicated term loans 1.91 (2,595,934) (2,595,934) – – – – Term loan 4.38 (2,447,713) (2,447,713) – – – – Gross exposure (3,441,516) (5,043,647) 79,414 – – 1,522,717 CCIRSs: - syndicated term loans 4.81 2,595,934 – – (1,129,400) (1,466,534) Net exposure (2,447,713) 79,414 – (1,129,400) 56,183